Company registration number 08502974 (England and Wales)
THE GLOBAL VEHICLE TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE GLOBAL VEHICLE TRUST
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE GLOBAL VEHICLE TRUST
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
5
5
Investments
5
84
84
89
89
Current assets
Debtors
7
1,397
4,533
Cash at bank and in hand
18,806
16,855
20,203
21,388
Creditors: amounts falling due within one year
8
(4,621)
(5,123)
Net current assets
15,582
16,265
Total assets less current liabilities
15,671
16,354
Creditors: amounts falling due after more than one year
9
(338,815)
(339,880)
Net liabilities
(323,144)
(323,526)
Reserves
Income and expenditure account
(323,144)
(323,526)
Total members' funds
(323,144)
(323,526)
THE GLOBAL VEHICLE TRUST
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
Mr C W Norman
Director
Company registration number 08502974 (England and Wales)
THE GLOBAL VEHICLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

The Global Vehicle Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Genie House, St James Square, Cheltenham, GL50 3QG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intellectual property
No amortisation
1.4
Fixed asset investments

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank only.

THE GLOBAL VEHICLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including other creditors, and taxation and social security, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE GLOBAL VEHICLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Intangible fixed assets
Intellectual property
£
Cost
At 1 January 2025 and 31 December 2025
5
Amortisation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
5
At 31 December 2024
5
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
84
84
6
Associates

Details of the company's associates at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Ox Global Ltd
Genie House, St James Square, Cheltenham, CL50 3QG, United Kingdom
Ordinary
26.95
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,397
4,533
THE GLOBAL VEHICLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
241
Other creditors
4,621
4,882
4,621
5,123
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
338,815
339,880
10
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

11
Events after the reporting date

On 5th February 2026, Ox Global Ltd, a company in which The Global Vehicle Trust holds an investment with a carrying value of £84, entered into creditors' voluntary liquidation.

2025-12-31 2025-01-01 false false false 10 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J P Stanger Mr P J Watkins Mr C W Norman 08502974 2025-01-01 2025-12-31 08502974 2025-12-31 08502974 2024-12-31 08502974 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 08502974 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 08502974 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 08502974 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08502974 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 08502974 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 08502974 core:RetainedEarningsAccumulatedLosses 2025-12-31 08502974 core:RetainedEarningsAccumulatedLosses 2024-12-31 08502974 bus:Director3 2025-01-01 2025-12-31 08502974 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 08502974 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 08502974 2024-01-01 2024-12-31 08502974 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 08502974 core:Associate1 2025-01-01 2025-12-31 08502974 core:Associate1 1 2025-01-01 2025-12-31 08502974 core:CurrentFinancialInstruments 2025-12-31 08502974 core:CurrentFinancialInstruments 2024-12-31 08502974 core:Non-currentFinancialInstruments 2025-12-31 08502974 core:Non-currentFinancialInstruments 2024-12-31 08502974 bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 08502974 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08502974 bus:FRS102 2025-01-01 2025-12-31 08502974 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 08502974 bus:Director1 2025-01-01 2025-12-31 08502974 bus:Director2 2025-01-01 2025-12-31 08502974 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP