The Alfa Romeo Owners Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01106134 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Alfa Romeo Owners Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Farquhar

Mr J H Griffiths

Mr R G W Murtha

Mr J Timms

Mr P Jones

Mr G Richardson

Mr J Griffin

Mrs K Hodson

Mr S Ball

Mr D Faithful

SECRETARY:

Mr D Faithful

REGISTERED OFFICE:

8 Ickworth Court

Felixstowe

Suffolk

IP11 2XL

REGISTERED NUMBER:

01106134 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Tangible assets

5

22,812

26,639

CURRENT ASSETS

Stocks

29,451

28,686

Debtors

6

9,025

17,822

Cash at bank

162,156

152,730

200,632

199,238

CREDITORS

Amounts falling due within one year

7

40,670

38,947

NET CURRENT ASSETS

159,962

160,291

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,774

186,930

RESERVES

Revaluation reserve

8

5,310

5,419

Income and expenditure account

177,464

181,511

182,774

186,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

Mr J Timms - Director

Mr J H Griffiths - Director

1.	STATUTORY INFORMATION

The Alfa Romeo 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.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Income

Income is measured at the fair value, excluding discounts, rebates, value added tax and other sales taxes, of membership subscriptions, commissions and the sale of goods and other services to club members received or receivable.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Trophies and archives

-

20% on reducing balance and 2% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Trophies

Plant and

Office

Motor

and

machinery

equipment

vehicles

archives

Totals

£

Valuation in 2015

-

6,352

Cost

9,844

1,116

31,635

1,185

43,780

9,844

1,116

31,635

7,537

50,132

If trophies and archives had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,185

Aggregate depreciation

1,178

The valuation of trophies and archives was made on 1 January 2015 at an open market value.

The company has taken advantage of the transitional provisions available on the introduction of FRS 102 to carry those assets at the value less depreciation in subsequent years. Subsequent additions to trophies and archives are included at cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,100

8,526

VAT

3,069

-

Prepayments and accrued income

3,856

9,296

9,025

17,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

17,907

25,557

Corporation tax

546

804

VAT

-

1,320

Other creditors

1,303

65

Accruals and deferred income

20,914

11,201

40,670

38,947

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

5,419

Transfers between reserves

(109

)

At 31 December 2025

5,310

9.	LIMITED BY GUARANTEE

The Alfa Romeo Owners Club Ltd is a company limited by guarantee and accordingly does not have a share capital. At 31 December 2025 the total number of members was 4,442 (2024 - 4,442).

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

10.	FUNDS BALANCE

At the balance sheet date the company held £14,550 (2024 - £10,978) relating to individual section funds.