Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03157191 Sebastian Vettel Alexander Wurz Anastasia Fowle George Russell Boodle Hatfield Secretarial Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03157191 2023-12-31 03157191 2024-12-31 03157191 2024-01-01 2024-12-31 03157191 frs-core:CurrentFinancialInstruments 2024-12-31 03157191 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03157191 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03157191 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03157191 frs-bus:SmallEntities 2024-01-01 2024-12-31 03157191 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03157191 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03157191 frs-bus:Director1 2024-01-01 2024-12-31 03157191 frs-bus:Director2 2024-01-01 2024-12-31 03157191 frs-bus:Director3 2024-01-01 2024-12-31 03157191 frs-bus:Director4 2024-01-01 2024-12-31 03157191 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03157191 frs-countries:EnglandWales 2024-01-01 2024-12-31 03157191 2022-12-31 03157191 2023-12-31 03157191 2023-01-01 2023-12-31 03157191 frs-core:CurrentFinancialInstruments 2023-12-31 03157191 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03157191
Grand Prix Drivers Association Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Coleman Webb
Chartered Certified Accountants
18 Green Lane
Paddock Wood
Kent
TN12 6BF
Grand Prix Drivers Association Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2

Page 1
Grand Prix Drivers Association Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 03157191

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
CURRENT ASSETS
Debtors | 4 | 1,515 |  | 472 |
Cash at bank and in hand |  | 23,501 |  | 31,847 |
|  | 25,016 |  | 32,319 |
Creditors: Amounts Falling Due Within One Year | 5 | (5,490 ) |  | (6,184 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 19,526 |  | 26,135
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 19,526 |  | 26,135
NET ASSETS |  |  | 19,526 |  | 26,135
Income and Expenditure Account |  |  | 19,526 |  | 26,135
MEMBERS' FUNDS |  |  | 19,526 |  | 26,135

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board

Alexander Wurz Director | Anastasia Fowle Director
3rd June 2025

The notes on page 2 form part of these financial statements.
Page 1
Page 2
Grand Prix Drivers Association Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Grand Prix Drivers Association Limited Registered number 03157191 is a limited by guarantee company incorporated in England & Wales. The Registered Office is 89 New Bond Street, London, W1S 1DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of membership income receivable during the year.
2.3. Foreign Currencies
The presentation currency is Euro.
Monetary assets and liabilities denominated in foreign currencies are translated into euros at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate ruling on the date of the transaction. Exchange differences are recognised in the Income and Expenditure Account.
2.4. Company Status and Taxation
The company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The company has mutual trading status and its surplus arising from subscriptions is not subject to UK Corporation Tax. Therefore no provision for taxation is made in the company's accounts. Other activities carried out by the company from time to time may be taxable and full provision for taxation would be made if appropriate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Trade debtors | 1,000 |  | -
Prepayments and accrued income | 515 |  | 472
| 1,515 |  | 472

5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Accruals and deferred income | 5,490 |  | 6,184

6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 2