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REGISTERED NUMBER: 01527651 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Triumph Sports Six Club Limited

Triumph Sports Six Club Limited (Registered number: 01527651)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Triumph Sports Six Club Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr P C Girling
Mr C P Gunby
Mr T Hartley
Mrs T Hawes
Mr N J Hill
Miss J Rowley





SECRETARY: Mrs T Hawes





REGISTERED OFFICE: Sunderland Court
Main Street
Lubenham
Leicestershire
LE16 9TF





REGISTERED NUMBER: 01527651 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Triumph Sports Six Club Limited (Registered number: 01527651)

Balance Sheet
30 November 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 655,334 485,172
Investments 6 - 85,830
655,334 571,002

CURRENT ASSETS
Stocks 33,209 33,454
Debtors 7 31,209 20,527
Cash at bank and in hand 118,989 132,442
183,407 186,423
CREDITORS
Amounts falling due within one year 8 41,773 47,538
NET CURRENT ASSETS 141,634 138,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,968

709,887

RESERVES
Revaluation reserve 9 86,670 -
General reserve 5,978 5,978
Building reserve 467,366 467,366
Income and expenditure account 236,954 236,543
796,968 709,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Triumph Sports Six Club Limited (Registered number: 01527651)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




Mrs T Hawes - Director



Mr C P Gunby - Director


Triumph Sports Six Club Limited (Registered number: 01527651)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Triumph Sports Six Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery etc - 25% on reducing balance.


Heritage Assets
The Club owns a collection of classic and historically significant vehicles, which are held for their cultural and historical value. These assets are not held for sale and are preserved for the benefit of members and the wider public.
The vehicles are recognised at fair value based on periodical professional valuations. Revaluation gains are credited to the revaluation reserve. No depreciation is applied as the assets have indefinite useful lives.
The collection was last valued in 2024 by the directors, and the total carrying value is as shown in the accounts.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Triumph Sports Six Club Limited (Registered number: 01527651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 December 2023
and 30 November 2024 2,135
AMORTISATION
At 1 December 2023
and 30 November 2024 2,135
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

Triumph Sports Six Club Limited (Registered number: 01527651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Freehold Heritage Plant and Motor
property Assets machinery vehicles Totals
£ £ £ £ £
COST
At 1 December 2023 572,739 - 82,658 16,471 671,868
Additions - - 778 - 778
Revaluation - 86,670 - - 86,670
Reclassification/transfer - 88,330 - (2,500 ) 85,830
At 30 November 2024 572,739 175,000 83,436 13,971 845,146
DEPRECIATION
At 1 December 2023 107,126 - 74,064 5,506 186,696
Charge for year - - 2,775 341 3,116
At 30 November 2024 107,126 - 76,839 5,847 189,812
NET BOOK VALUE
At 30 November 2024 465,613 175,000 6,597 8,124 655,334
At 30 November 2023 465,613 - 8,594 10,965 485,172

Heritage assets were revalued in the year on an open market value by the directors.

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Vintage cars and memorabilia 85,830 85,830
Reclassification (85,830 ) -
- 85,830

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 14,527 4,365
Other debtors 16,682 16,162
31,209 20,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 31,030 29,384
Taxation and social security 667 2,165
Other creditors 10,076 15,989
41,773 47,538

Triumph Sports Six Club Limited (Registered number: 01527651)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. RESERVES
Revaluation
reserve
£
Revaluation 86,670

At 30 November 2024 86,670

The revaluation reserve relates to the revaluation of Heritage assets in respect of Vintage Cars and associated memorabilia.