Burnham-On-Sea Motor Club Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

Burnham-On-Sea Motor Club Limited

(Registration number: 01179780)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,516	17,542
Current assets
Debtors	5	90	79
Cash at bank and in hand		21,523	21,619
		21,613	21,698
Creditors: Amounts falling due within one year	6	(420)	(400)
Net current assets		21,193	21,298
Net assets		38,709	38,840
Reserves
Profit and loss account		38,709	38,840
Surplus		38,709	38,840

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 12 May 2026 and signed on its behalf by:
 

C F House Director

N J Puddy Director

Burnham-On-Sea Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
80 Oxford Street
Burnham on Sea
Somerset
TA8 1EF
England and Wales

Principal activity

The principal activity of the company is the organisation of rallying events

2	Accounting policies

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Summary of disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. No cash flow statement has been presented for the company..

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover represents the total amount receivable in respect of subscriptions and events during the year

Burnham-On-Sea Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position 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:

The trophies were revalued, based mainly on the value of the silver content, in May 2000 by Wilkins Jewellers at £17,348 and are currently insured for £22,131. Their residual value is therefore estimated by the directors to be at least equivalent to the valuation at which they are included in the accounts and therefore no depreciation is required to be provided.

Asset class	Depreciation method and rate
Rally equipment	- 15% reducing balance
Banner	- 15% reducing balance
Office equipment	- 10% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Burnham-On-Sea Motor Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4	Tangible assets

	Trophies £	Rally equipment £	Office equipment £	Banner  £	Total £
Cost or valuation
At 1 January 2025	17,348	2,251	388	828	20,815
At 31 December 2025	17,348	2,251	388	828	20,815
Depreciation
At 1 January 2025	-	2,173	318	782	3,273
Charge for the year	-	12	7	7	26
At 31 December 2025	-	2,185	325	789	3,299
Carrying amount
At 31 December 2025	17,348	66	63	39	17,516
At 31 December 2024	17,348	78	70	46	17,542

5

Debtors

	2025 £	2024 £
Prepayments	90	79
	90	79

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	420	400

7

Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses. The profit and loss account includes £17,302 (2024 - £17,302) in respect of the the revaluation of the Trophies. This amount is non distributable.