The Vintage Motor Cycle Club Limited - Accounts to registrar (filleted)

THE VINTAGE MOTOR CYCLE CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J F Donaldson

N Lewis

Mrs A Durrant

R E Bibbings MBE

C W Logan

D P Chapman

G Horne

P Siggins

REGISTERED OFFICE:

Allen House

Wetmore Road

Burton On Trent

Staffordshire

DE14 1TR

REGISTERED NUMBER:

01570648 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hari Vasdev MEng FCA

AUDITORS:

Sibbalds Limited

Chartered Accountants and Statutory Auditor

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

415,261

406,522

Heritage assets

5

682,750

677,200

Investments

6

110,010

-

1,208,021

1,083,722

CURRENT ASSETS

Stocks

6,576

9,247

Debtors

7

40,172

48,541

Cash at bank and in hand

746,509

752,931

793,257

810,719

CREDITORS

Amounts falling due within one year

8

338,656

306,384

NET CURRENT ASSETS

454,601

504,335

TOTAL ASSETS LESS CURRENT LIABILITIES

1,662,622

1,588,057

RESERVES

Revaluation reserve

10

621,695

613,695

Income and expenditure account

1,040,927

974,362

1,662,622

1,588,057

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 19 December 2025 and were signed on its behalf by:

D P Chapman - Director

1.	STATUTORY INFORMATION

The Vintage Motor Cycle Club Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts derived from the provision of goods and services to members and other customers during the year, together with income from events and members' subscriptions which are recognised over the period to which it relates.

Tangible fixed assets

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

Buildings

-

2% on cost

Plant and machinery

-

33% on cost, 20% on reducing balance and 10% on reducing balance

Land is not depreciated.

Investments

Investments are recognised at fair value.

Stocks

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

Cost represents the invoiced cost of materials on a first in first out basis.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Heritage assets

Bikes, trophies and the library held by the club are shown as heritage assets as they are considered to have historic and technological qualities and are held and maintained primarily for their contribution to knowledge and culture.

Items included in heritage assets are valued under the revaluation model.

Items held within heritage assets are subject to ongoing maintenance and are generally used by members.

Deferred income

Deferred income represents income collected but not earned as at the balance sheet date. This is primarily composed of income from members' subscriptions which are credited to the profit and loss account over the period to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land

Buildings

machinery

Totals

£

COST OR VALUATION

At 1 October 2024

156,670

338,334

32,866

527,870

Additions

-

17,500

At 30 September 2025

156,670

338,334

50,366

545,370

DEPRECIATION

At 1 October 2024

-

95,005

26,343

121,348

Charge for year

-

6,767

1,994

8,761

At 30 September 2025

-

101,772

28,337

130,109

NET BOOK VALUE

At 30 September 2025

156,670

236,562

22,029

415,261

At 30 September 2024

156,670

243,329

6,523

406,522

Included in cost or valuation of land and buildings is freehold land of £ 156,670 (2024 - £ 156,670 ) which is not depreciated.

Cost or valuation at 30 September 2025 is represented by:

Plant and

Land

Buildings

machinery

Totals

£

Valuation in 2016

46,667

95,082

-

141,749

Valuation in 2020

39,372

-

39,372

Valuation in 2022

(34,124

)

30,287

-

(3,837

)

Valuation in 2024

8,947

28,268

-

37,215

Cost

95,808

184,697

50,366

330,871

156,670

338,334

50,366

545,370

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

280,505

Freehold land and buildings were valued on a fair value basis on 30 September 2024 by Chartered Surveyors, Salloway Property Co .

5.	HERITAGE ASSETS

Club

Library &

bikes

trophies

Totals

£

COST OR VALUATION

At 1 October 2024

370,900

306,300

677,200

Additions

8,000

-

8,000

Disposals

(2,450

)

-

(2,450

)

At 30 September 2025

376,450

306,300

682,750

NET BOOK VALUE

At 30 September 2025

376,450

306,300

682,750

At 30 September 2024

370,900

306,300

677,200

Cost or valuation at 30 September 2025 is represented by:

Club

Library &

bikes

trophies

Totals

£

Valuation in 2015

220,830

-

220,830

Valuation in 2017

-

352,148

Valuation in 2020

1,670

-

1,670

Valuation in 2021

19,300

-

19,300

Valuation in 2022

99,020

(117,252

)

(18,232

)

Valuation in 2024

7,100

-

7,100

Valuation in 2025

5,550

-

5,550

Cost

22,980

71,404

94,384

376,450

306,300

682,750

If the club owed bikes had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

22,980

The club owned bikes were revalued on a fair value basis on 24th November 2022 by Bonhams 1793 Limited.

If the library and trophies had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

71,404

The library and trophies were valued on a fair value basis on 15th December 2022 by Bonhams 1793 Limited.

6.	INVESTMENTS

Total

£

FAIR VALUE

Additions

110,010

At 30 September 2025

110,010

NET BOOK VALUE

At 30 September 2025

110,010

Investments are held in UK Government Treasury Bonds. Subsequent to the year end, during October 2025 the investment balance was increased to £570,005 by transfer from cash.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

4,093

9,356

Other debtors

36,079

39,185

40,172

48,541

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

39,661

24,063

Taxation and social security

29,781

30,540

Other creditors

269,214

251,781

338,656

306,384

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

4,598

Between one and five years

11,695

16,359

16,293

20,957

10.

RESERVES

Revaluation

reserve

£

At 1 October 2024

613,695

Revaluation

8,000

At 30 September 2025

621,695

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hari Vasdev MEng FCA (Senior Statutory Auditor)

for and on behalf of Sibbalds Limited

12.	RELATED PARTY DISCLOSURES

During the year, the directors of the company carried out their duties for no remuneration as unpaid volunteers.

During the year ended 30 September 2025 there were no expenses paid to the spouse of a director for assistance in club events (Banbury) with hire of van and fuel (2024: £278)

13.	LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee. Each member, while he/she is a member, or within one year after he/she ceases to be a member, is obliged to contribute up to a maximum of £1 towards the club's general debts on it being wound up.