Registration number: NI028026

Seven Towers Motor Cycle Club Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Seven Towers Motor Cycle Club Limited

(Registration number: NI028026)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	386	482
Current assets
Cash at bank and in hand		2,542	2,574
Creditors: Amounts falling due within one year	6	(719)	(489)
Net current assets		1,823	2,085
Net assets		2,209	2,567
Reserves
Retained earnings		2,209	2,567
Surplus		2,209	2,567

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... Sheelagh Frances Laverty Company secretary and director

......................................... Jack Davidson Barr Director

Seven Towers Motor Cycle Club Limited

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

1	General information

The company is a company limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
91 Toome Road
Ballymena
BT42 2BX

These financial statements were authorised for issue by the Board on 4 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Seven Towers Motor Cycle Club Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	96	120

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 December 2023	4,728	4,728
At 30 November 2024	4,728	4,728
Depreciation
At 1 December 2023	4,246	4,246
Charge for the year	96	96
At 30 November 2024	4,342	4,342
Carrying amount
At 30 November 2024	386	386
At 30 November 2023	482	482

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	590	360
Other creditors	129	129
	719	489