Registration number: 00497630

Aston Martin Owners Club Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Aston Martin Owners Club Limited

(Registration number: 00497630)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,930	4,172
Tangible assets	5	558,711	569,581
		560,641	573,753
Current assets
Stocks	6	36,301	37,610
Debtors	7	100,358	50,117
Cash at bank and in hand		915,337	1,029,700
		1,051,996	1,117,427
Creditors: Amounts falling due within one year	9	(589,376)	(509,854)
Net current assets		462,620	607,573
Total assets less current liabilities		1,023,261	1,181,326
Provisions for liabilities		-	(59,666)
Net assets		1,023,261	1,121,660
Capital and reserves
Income and expenditure account		1,023,261	1,121,660
Total capital and reserves		1,023,261	1,121,660

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 Income and Expenditure Account.

Approved and authorised by the Board on 1 July 2025 and signed on its behalf by:
 

......................................... A J Haig Director

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

Aston Martin Owners Club Limited is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have 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 liability remains in place for up to one year after cessation of membership.

The address of its registered office is:
The Barn
Drayton St Leonard
Wallingford
Oxfordshire
OX10 7BG
United Kingdom

These financial statements were authorised for issue by the Board on 1 July 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

The financial statements have been prepared on a going concern basis as the Directors believe that no material uncertainties exist. The Directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 July 2025 was Lee Baker FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover is stated net of applicable VAT and is attributable to:
• Income from membership fees, (excluding the 23% portion attributable to the Aston Martin Heritage Trust). Membership fee income is deferred over the period of the membership.
• Income from activities and sales from the Club shop which is recognised as goods sold to members.
• Commission income recognised on an accruals basis.
• Donations which are included in the income and expenditure account in the year of receipt.

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

The tax expense for the period comprises current tax. Tax is recognised in income or expenditure, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. As the club is considered a mutual trader for tax purposes, corporation tax only falls due on
non-member-derived income including bank interest, non-member shop sales or similar.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Freehold Property	2% straight line on cost
Club Equipment	20% straight line on cost
Motor Vehicles	25% straight line on cost
Computer Equipment	25% straight line on cost

The directors have opted to adopt the cost model in respect of accounting for freehold property. As such, in accordance with accounting standards, annual depreciation is charged at 2% of the freehold property cost. The alternative would have been to adopt the fair value model which would require the directors to obtain an independent valuation for the property each year, the cost of which would need to be borne by the club.

The grants from English Heritage Trust and South Oxfordshire District Council in 2000 are being taken to the income and expenditure account over the 50 year period over which the property is being depreciated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Intangible assets

Website development costs are capitalised and written off over the expected useful life of the asset.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	20% straight line on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in income or expenditure. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income or expenditure in the period to which they relate.

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company during the year was 5 (2024 - 5).

4	Intangible assets

	Website £	Total £
Cost or valuation
At 1 April 2024	9,432	9,432
At 31 March 2025	9,432	9,432
Amortisation
At 1 April 2024	5,260	5,260
Amortisation charge	2,242	2,242
At 31 March 2025	7,502	7,502
Carrying amount
At 31 March 2025	1,930	1,930
At 31 March 2024	4,172	4,172

5	Tangible assets

	Land and buildings £	Club equipment  £	Motor vehicles  £	Computer equipment  £	Total £
Cost or valuation
At 1 April 2024	903,561	13,380	9,495	22,995	949,431
Additions	2,498	7,819	-	-	10,317
At 31 March 2025	906,059	21,199	9,495	22,995	959,748
Depreciation
At 1 April 2024	338,699	10,649	9,495	21,007	379,850
Charge for the year	18,492	1,255	-	1,440	21,187
At 31 March 2025	357,191	11,904	9,495	22,447	401,037
Carrying amount
At 31 March 2025	548,868	9,295	-	548	558,711
At 31 March 2024	564,862	2,731	-	1,988	569,581

Included within the net book value of land and buildings above is £548,868 (2024 - £564,862) in respect of freehold land and buildings.
 

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Stocks

	2025 £	2024 £
Shop stock	27,250	27,319
Membership stock	8,128	9,368
Events stock	923	923
	36,301	37,610

7

Debtors

	2025 £	2024 £
Trade debtors	4,950	-
Prepayments	95,408	50,117
	100,358	50,117

8	Cash at bank

DB5 proceeds bank account

During 2013, the company was bequeathed a dismantled DB5 by David Seelhof, a Club Member. This was sold at public auction in May 2014 and a sum of £242,120 (2024: £238,607) including interest to date, has been retained by the Club in a separate bank account and is included in the Cash at bank in the Balance Sheet.

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	11,290	51,245
Taxation and social security	22,980	17,465
Accruals and deferred income	490,807	360,525
Other creditors	64,299	80,619
	589,376	509,854

Aston Martin Owners Club Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £4,500). This relates to the total future minimum lease payments due under non-cancellable operating leases.

11	Related party transactions

Summary of transactions with other related parties

All Members of the Aston Martin Owners Club are automatically supporters of the Aston Martin Heritage Trust (AMHT). The AMHT receives 23% of all subscriptions collected during the year amounting to the net value of £126,303 to 31st March 2025 (2024: £148,683). This percentage is unchanged from previous years. AMOC also collected £2,540 (2024: £3,807) of additional donations from Members to the AMHT during the year. The AMHT shares occupation of the Barn with AMOC. The AMHT Museum, archive and office represents approximately 70% of the buildings with the AMOC office 30%. The AMHT occupancy is rent free, the estimated value of which is £20,000 pa. The AMHT currently contributes £1,000 per quarter towards running costs of the Barn and will be reviewed on an ongoing basis.

Creditors include an amount of £59,747 (2024: £60,668) owing to AMHT at the end of the period.

The husband of the Finance Manager is a qualified electrician and was paid £620 (2024: £427) in the period for electrical services.