IRIS Accounts Production v26.2.0.496 01532764 Board of Directors 1.1.25 31.12.25 31.12.25 17.4.26 true false true false false true false Auditors Opinion Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01532764 2024-12-31 01532764 2025-12-31 01532764 2025-01-01 2025-12-31 01532764 2023-12-31 01532764 2024-01-01 2024-12-31 01532764 2024-12-31 01532764 ns15:EnglandWales 2025-01-01 2025-12-31 01532764 ns14:PoundSterling 2025-01-01 2025-12-31 01532764 ns10:Director1 2025-01-01 2025-12-31 01532764 ns10:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 01532764 ns10:SmallEntities 2025-01-01 2025-12-31 01532764 ns10:Audited 2025-01-01 2025-12-31 01532764 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 01532764 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01532764 ns10:FullAccounts 2025-01-01 2025-12-31 01532764 ns10:Director3 2025-01-01 2025-12-31 01532764 ns10:Director5 2025-01-01 2025-12-31 01532764 ns10:Director6 2025-01-01 2025-12-31 01532764 ns10:RegisteredOffice 2025-01-01 2025-12-31 01532764 ns5:CurrentFinancialInstruments 2025-12-31 01532764 ns5:CurrentFinancialInstruments 2024-12-31 01532764 ns5:RevaluationReserve 2025-12-31 01532764 ns5:RevaluationReserve 2024-12-31 01532764 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 01532764 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 01532764 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 01532764 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 01532764 ns5:LandBuildings 2024-12-31 01532764 ns5:PlantMachinery 2024-12-31 01532764 ns5:ComputerEquipment 2024-12-31 01532764 ns5:LandBuildings 2025-01-01 2025-12-31 01532764 ns5:PlantMachinery 2025-01-01 2025-12-31 01532764 ns5:ComputerEquipment 2025-01-01 2025-12-31 01532764 ns5:LandBuildings 2025-12-31 01532764 ns5:PlantMachinery 2025-12-31 01532764 ns5:ComputerEquipment 2025-12-31 01532764 ns5:LandBuildings 2024-12-31 01532764 ns5:PlantMachinery 2024-12-31 01532764 ns5:ComputerEquipment 2024-12-31 01532764 ns5:CostValuation 2024-12-31 01532764 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 01532764 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 01532764 ns5:RevaluationReserve 2024-12-31

MORRIS MINOR OWNERS CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

MORRIS MINOR OWNERS CLUB LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | A M Stone

| S F Mitchell

| J G Carroll

| Mrs S C Akrill

| REGISTERED OFFICE: | 18 Shaftesbury Street South

| Sir Francis Ley Industrial Park

| Derby

| Derbyshire

| DE23 8YH

| REGISTERED NUMBER: | 01532764 (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

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 199,359 |  | 198,310 |  |

Investments | 5 | 405 |  | 405 |  |

Heritage assets | 6 | 60,301 |  | 60,301 |  |

260,065 |  | 259,016 |  |

CURRENT ASSETS

Stocks | 7 | 57,240 |  | 55,495 |  |

Debtors | 8 | 45,146 |  | 22,087 |  |

Cash at bank and in hand | 370,992 |  | 399,080 |  |

473,378 |  | 476,662 |  |

CREDITORS

Amounts falling due within one year | 9 | 139,656 |  | 112,903 |  |

NET CURRENT ASSETS | 333,722 |  | 363,759 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 593,787 |  | 622,775 |  |

RESERVES

Revaluation reserve | 10 | 51,265 |  | 51,265 |  |

Reserve on acquisition | 4,287 |  | 4,287 |  |

Income and expenditure account | 538,235 |  | 567,223 |  |

593,787 |  | 622,775 |  |

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 and authorised for issue by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

S F Mitchell - Director

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Morris Minor Owners 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Morris Minor Owners Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| 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

| Tangible fixed assets are valued under the revaluation model, where an item of property, plant and equipment whose fair value can be measured reliably shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

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

| Freehold property - 2% on cost

| Plant and machinery - 20% on cost

| Computer equipment - 25% on cost

| Land is not depreciated.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Heritage assets

| Club owned vehicles and the donated model car set which are 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.

| Club owned vehicles included in heritage assets are valued under the revaluation model.

| Vehicle restorations included in heritage assets are valued under the cost model.

| The model car set included in heritage assets is valued under the revaluation model.

| The vehicles held within heritage assets are subject to ongoing maintenance and are generally used for publicity events.

| The restoration of heritage assets is funded by donations made to the company.

| 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 regalia on a first in first out basis and spares on an average cost basis.

| 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 income statement over the period to which it relates.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 210,000 |  | 32,852 |  | 31,640 |  | 274,492 |  |

| Additions | - |  | 4,007 |  | 3,708 |  | 7,715 |  |

| At 31 December 2025 | 210,000 |  | 36,859 |  | 35,348 |  | 282,207 |  |

| DEPRECIATION

| At 1 January 2025 | 13,650 |  | 31,150 |  | 31,382 |  | 76,182 |  |

| Charge for year | 4,200 |  | 1,373 |  | 1,093 |  | 6,666 |  |

| At 31 December 2025 | 17,850 |  | 32,523 |  | 32,475 |  | 82,848 |  |

| NET BOOK VALUE

| At 31 December 2025 | 192,150 |  | 4,336 |  | 2,873 |  | 199,359 |  |

| At 31 December 2024 | 196,350 |  | 1,702 |  | 258 |  | 198,310 |  |

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Freehold land and buildings were valued on a fair value basis on 12th October 2021 by RICS registered valuers, David Brown Commercial. The Directors consider this to show a true reflection of the land and buildings current market value.

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

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Cost |  | 203,849 |  |  | 203,849 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 405 |  |

| NET BOOK VALUE

| At 31 December 2025 | 405 |  |

| At 31 December 2024 | 405 |  |

6. | HERITAGE ASSETS

| Total

£ |

| FAIR VALUE

| At 1 January 2025

| and 31 December 2025 | 60,301 |  |

| NET BOOK VALUE

| At 31 December 2025 | 60,301 |  |

| At 31 December 2024 | 60,301 |  |

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2017 | 12,559 |  |

| Valuation in 2020 | (198 | ) |

| Valuation in 2023 | 8,000 |  |

| Cost | 39,940 |  |

60,301 |  |

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

6. | HERITAGE ASSETS - continued

| The following groups are included within Heritage assets:

|  | Measurement |  | 2025 |  |  | 2024 |

|  | basis |  | £ |  |  | £ |

| Club owned vehicles |  | Valuation model |  | 47,000 |  |  | 47,000 |

| Vehicle restorations |  | Cost model |  | 801 |  |  | 801 |

| Model car collection |  | Valuation model |  | 12,500 |  |  | 12,500 |

|  | 60,301 |  |  | 60,301 |

| The club owned vehicles were valued on a fair value basis by the club's insurance provider, Peter James on 10/09/2025.The Directors consider this to show a true reflection of the current market value of the vehicles.

| If the club owned vehicles had not been revalued they would have been included at the following historical cost:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Cost |  | 41,543 |  |  | 41,543 |  |

| The model car collection was valued on a fair value basis by a experienced and independent external valuer on 02/01/2025.The Directors consider this to show a true reflection of the current market value of the model car collection.

| If the model car collection had not been revalued it would be included at the following historical cost:

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Cost |  | 351 |  |  | 351 |  |

7. | STOCKS

2025 | 2024 |

£ | £ |

| Stock of spares | 38,674 |  | 38,500 |  |

| Stock of regalia | 14,809 |  | 14,394 |  |

| Stock of stationery | 3,757 |  | 2,601 |  |

57,240 |  | 55,495 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 429 |  | 2,741 |  |

| Other debtors | 44,717 |  | 19,346 |  |

45,146 |  | 22,087 |  |

MORRIS MINOR OWNERS CLUB LIMITED (REGISTERED NUMBER: 01532764)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 38,186 |  | 16,140 |  |

| Taxation and social security | 2,125 |  | (1,182 | ) |

| Other creditors | 99,345 |  | 97,945 |  |

139,656 |  | 112,903 |  |

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2025

| and 31 December 2025 | 51,265 |  |

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, a related company of one of the directors provided magazine editorial services to the club totalling £14,497 (2024: £13,679).

13. | LIMITED BY GUARANTEE

| The company has no share capital and is limited by guarantee. Each member is obliged to contribute up to a maximum of £1 towards the club's general debts on it being wound up.

14. | RESERVE ON ACQUISITION

| The company took over the running of the Morris Minor Owner's Club 1948-71 on 6 December 1980 and accepted the assets and liabilities of the club at that time. The reserve on acquisition represents the excess of book value of assets over liabilities of the club as at 6 December 1980.