Grand Prix Drivers Association Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

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.

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. 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.

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