REGISTERED NUMBER: 01488714 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Morgan Three-Wheeler Club Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S B L Lister

S C S Clark

C R T Smith

T J Reynolds

REGISTERED OFFICE:

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

REGISTERED NUMBER:

01488714 (England and Wales)

ACCOUNTANTS:

Boyds Accountants

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

FIXED ASSETS

Tangible assets

4

2,679

2,774

CURRENT ASSETS

Stocks

194,163

192,575

Debtors

5

15,713

6,542

Cash at bank and in hand

319,419

316,524

529,295

515,641

CREDITORS

Amounts falling due within one year

6

22,045

19,970

NET CURRENT ASSETS

507,250

495,671

TOTAL ASSETS LESS CURRENT LIABILITIES

509,929

498,445

RESERVES

Leavens fund

7

132,140

138,588

Income and expenditure account

7

377,789

359,857

509,929

498,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2025 and were signed on its behalf by:

T J Reynolds - Director

1.	STATUTORY INFORMATION

The Morgan Three-Wheeler Club Ltd 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

The financial statements have been prepared under with the historical cost convention and in

accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008). In order

to ensure that the financial statements and in particular the income and expenditure account show a true

and fair view, the precise format of the financial statements as prescribed by the Companies Act 2006 has

not been adopted.

Income

Income consists of the invoiced value (excluding VAT where applicable) of goods and services supplied to club members plus subscriptions, donations and revenue from advertising.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on reducing balance

Stocks

The stock of spare parts, club regalia and publications are valued at the lower of cost or net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Investments

Many years ago Santander shares were acquired at no cost when they had a market value of £1,500

Although they have a current value of £492(2024 £310), it is felt better to show in the accounts at original cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Gerald

Timing

and

Carr

Computer

equipment

fittings

Morgan

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

4,475

13,714

2,500

6,029

26,718

Disposals

-

(13,494

)

-

(4,952

)

(18,446

)

At 31 March 2025

4,475

220

2,500

1,077

8,272

DEPRECIATION

At 1 April 2024

4,475

13,626

-

5,843

23,944

Charge for year

-

44

-

51

95

Eliminated on disposal

-

(13,494

)

-

(4,952

)

(18,446

)

At 31 March 2025

4,475

176

-

942

5,593

NET BOOK VALUE

At 31 March 2025

-

44

2,500

135

2,679

At 31 March 2024

-

88

2,500

186

2,774

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,578

827

VAT

3,724

2,192

Prepayments

7,411

3,523

15,713

6,542

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

5,220

513

Tax

1,432

-

Accrued expenses

6,600

3,376

Deferred income

8,793

16,081

22,045

19,970

7.

RESERVES

Income

and

expenditure

Leavens

account

fund

Totals

£

£

£

At 1 April 2024

359,857

138,588

498,445

Surplus for the year

11,484

11,484

Funds transfer

6,448

(6,448

)

-

At 31 March 2025

377,789

132,140

509,929

8.	MEMBERS' LIABILITY

The company is limited by guarantee of the members and does not have share capital. Every member of the Club undertakes to contribute to the assets of the Club in the event of its being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the Club contracted before he ceases to be a member, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.