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Registered Number: 02675892
England and Wales

 

 

 

LAND ROVER SERIES ONE CLUB LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2025

End date: 31 January 2026

LAND ROVER SERIES ONE CLUB LIMITED
Contents Page
For the year ended 31 January 2026
Directors Mr D C Bowyer
Mr C R Wilderspin
Registered Number 02675892
Registered Office Quicken Tree Cottage The Fence
St. Briavels
Lydney
Gloucestershire
GL15 6QG
Accountants Child and Child Accountants Ltd
49 Somerset Street
Abertillery
Gwent
NP13 1DL
Secretary Mr D C Bowyer
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2026.
Principal activities
Principal activity of the company during the financial year was the administration of a Classic Car Motor Club including the maintenance, usage and restoration of Series One Land Rovers .
Directors
The directors who served the company throughout the year were as follows:
Mr D C Bowyer
Mr C R Wilderspin
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr C R Wilderspin
Director

Date approved: 21 May 2026
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LAND ROVER SERIES ONE CLUB LIMITED for the year ended 31 January 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LAND ROVER SERIES ONE CLUB LIMITED for the year ended 31 January 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of LAND ROVER SERIES ONE CLUB LIMITED , as a body, in accordance with the terms of our engagement letter dated 21 May 2026. Our work has been undertaken solely to prepare for your approval the accounts of LAND ROVER SERIES ONE CLUB LIMITED and state those matters that we have agreed to state to the Board of Directors of LAND ROVER SERIES ONE CLUB LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LAND ROVER SERIES ONE CLUB LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LAND ROVER SERIES ONE CLUB LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LAND ROVER SERIES ONE CLUB LIMITED . You consider that LAND ROVER SERIES ONE CLUB LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LAND ROVER SERIES ONE CLUB LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
Child and Child Accountants Ltd
49 Somerset Street
Abertillery
Gwent
NP13 1DL
21 May 2026
3
 
 		 Notes
 		 2026
£		   2025
£
Turnover 218,766    243,115 
Cost of sales (159,227)   (169,684)
Gross profit 59,539    73,431 
Administrative expenses (64,815)   (59,392)
Operating profit/(loss) (5,276)   14,039 
Other interest receivable and similar income 2,792    2,997 
Profit/(Loss) on ordinary activities before taxation (2,484)   17,036 
Tax on profit on ordinary activities -    (202)
Profit/(Loss) for the financial year (2,484)   16,834 
 
4
 
 		 Notes
 		 2026
£		   2025
£
Fixed assets      
Intangible fixed assets 3 4,000    - 
Tangible fixed assets 4 7,955    10,022 
11,955    10,022 
Current assets      
Stocks 5 183,889    186,819 
Debtors 6 6,575    3,786 
Cash at bank and in hand 265,757    270,162 
456,221    460,767 
Creditors: amount falling due within one year 7 (2,079)   (2,208)
Net current assets 454,142    458,559 
 
Total assets less current liabilities 466,097    468,581 
Net assets 466,097    468,581 
 

Capital and reserves 		     
Profit and loss account 466,097    468,581 
Members' funds 466,097    468,581 
 


For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 21 May 2026 and were signed on its behalf by:


-------------------------------
Mr C R Wilderspin
Director
5
  Retained Earnings   Total
£ £
At 01 February 2024 451,747  451,747 
Profit for the year 16,834  16,834 
Total comprehensive income for the year 16,834  16,834 
Total investments by and distributions to owners -  - 
At 31 January 2025 468,581  468,581 
At 01 February 2025 468,581  468,581 
Profit for the year (2,484) (2,484)
Total comprehensive income for the year (2,484) (2,484)
Total investments by and distributions to owners -  - 
At 31 January 2026 466,097  466,097 
6
General Information
LAND ROVER SERIES ONE CLUB LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 02675892, registration address Quicken Tree Cottage The Fence, St. Briavels, Lydney, Gloucestershire, GL15 6QG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 20/33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2025 : 0).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 February 2025 -    - 
Additions 5,000    5,000 
Disposals -    - 
At 31 January 2026 5,000    5,000 
Amortisation
At 01 February 2025 -    - 
Charge for year 1,000    1,000 
On disposals -    - 
At 31 January 2026 1,000    1,000 
Net book values
At 31 January 2026 4,000    4,000 
At 31 January 2025 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 February 2025 19,187    19,187 
Additions 1,474    1,474 
Disposals -    - 
At 31 January 2026 20,661    20,661 
Depreciation
At 01 February 2025 9,165    9,165 
Charge for year 3,541    3,541 
On disposals -    - 
At 31 January 2026 12,706    12,706 
Net book values
Closing balance as at 31 January 2026 7,955    7,955 
Opening balance as at 01 February 2025 10,022    10,022 


5.

Stocks

2026
£		   2025
£
Stocks 183,889    186,819 
183,889    186,819 

6.

Debtors: amounts falling due within one year

2026
£		   2025
£
Prepayments 4,071    - 
Vat 2,504    3,786 
6,575    3,786 

7.

Creditors: amount falling due within one year

2026
£		   2025
£
Corporation Tax -    208 
Accruals 2,079    2,000 
2,079    2,208 

8.

Company Limited by Guarantee

The company is limited by guarantee and therefore has no shares.
7