TORBAY STEAM RALLY ASSOCIATION

Company limited by guarantee

Company Registration Number:
05516282 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

TORBAY STEAM RALLY ASSOCIATION

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

TORBAY STEAM RALLY ASSOCIATION

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,034 3,570
Total fixed assets: 3,034 3,570
Current assets
Cash at bank and in hand: 24,281 31,995
Total current assets: 24,281 31,995
Creditors: amounts falling due within one year: 4 ( 9,477 ) ( 9,477 )
Net current assets (liabilities): 14,804 22,518
Total assets less current liabilities: 17,838 26,088
Total net assets (liabilities): 17,838 26,088
Members' funds
Profit and loss account: 17,838 26,088
Total members' funds: 17,838 26,088

The notes form part of these financial statements

TORBAY STEAM RALLY ASSOCIATION

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: MR M HODGE
Status: Director

The notes form part of these financial statements

TORBAY STEAM RALLY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

TORBAY STEAM RALLY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

TORBAY STEAM RALLY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 4,200 4,200
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 4,200 4,200
Depreciation
At 1 January 2024 630 630
Charge for year 536 536
On disposals
Other adjustments
At 31 December 2024 1,166 1,166
Net book value
At 31 December 2024 3,034 3,034
At 31 December 2023 3,570 3,570

TORBAY STEAM RALLY ASSOCIATION

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 9,477 9,477
Total 9,477 9,477