BMW CAR CLUB (GREAT BRITAIN) LIMITED


Directors	David Alan Evans
	Greg Lyons
	Robert Michael Nelson
	Richard Rixham
	Nicholas Charles Lynn Thomas


Registered Address	Unit 3, 274-278 Osmaston Road
	Derby
	DE24 8AE


Registered Number	01617753 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements 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). The financial statements are prepared in sterling, which is the functional currency of the entity.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover represents the aggregate amount of subscriptions, donations, advertising income, track day and national events income, sundry income and merchandise sales. Membership subscriptions are deemed to be valued for 12 months from the anniversary of joining. The unexpired proportion of membership subscriptions received is carried forward to the following year as deferred income.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Turnover represents the aggregate amount of subscriptions, donations, advertising income, track day and national events income, sundry income and merchandise sales.
Membership subscriptions are deemed to be valued for 12 months from the anniversary of joining.  The unexpired proportion of membership subscriptions received is carried forward to the following year as deferred income.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: New website: 25% straight line

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	3
	Vehicles	3

	Impairment of non-financial assets policy
	Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at 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. Debt instruments are subsequently measured at amortised cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 
Basic financial instruments are initially recognised at 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.
Debt instruments are subsequently measured at amortised cost.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	21,333	21,333
At 31 December 25	21,333	21,333
Amortisation and impairment
At 01 January 25	21,333	21,333
At 31 December 25	21,333	21,333
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 25	4,860	29,143	34,003
Additions	-	3,094	3,094
At 31 December 25	4,860	32,237	37,097
Depreciation and impairment
At 01 January 25	4,860	27,350	32,210
Charge for year	-	2,381	2,381
At 31 December 25	4,860	29,731	34,591
Net book value
At 31 December 25	-	2,506	2,506
At 31 December 24	-	1,793	1,793

5.	Stocks

	2025	2024
	£	£
Other stocks	15,150	19,739
Total	15,150	19,739

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	21,079	9,167
Other debtors	10,444	8,712
Prepayments and accrued income	12,145	6,863
Total	43,668	24,742

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	23,331	22,114
Taxation and social security	1,814	2,746
Payments received on account	3,300	1,500
Other creditors	5,964	1,001
Accrued liabilities and deferred income	81,759	80,412
Total	116,168	107,773

8.	Provisions for liabilities
	The deferred tax asset included in the statement of financial position is (£100) (2024: (£165)) and consists of the tax effect of timing differences in respect of accelerated capital allowances.

9.	Operating lease commitments
	The total future minimum lease payments under non-cancellable operating leases are as follows: Not later than 1 year £8,383 (2024: £7,880) Later than 1 year and not later than 5 years £11,429 (2024: £1,970)

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		2,506		1,793
			2,506		1,793
Current assets
Stocks	5	15,150		19,739
Debtors	6	43,668		24,742
Cash at bank and on hand		137,225		189,512
		196,043		233,993
Creditors amounts falling due within one year	7	(116,168)		(107,773)
Net current assets (liabilities)			79,875		126,220
Total assets less current liabilities			82,381		128,013
Net assets			82,381		128,013
Capital and reserves
Profit and loss account			82,381		128,013
Reserves			82,381		128,013