REGISTERED NUMBER: 01113282 (England and Wales)

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE MOTOR CYCLE INDUSTRY ASSOCIATION

LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Notes to the Consolidated Financial Statements

13

DIRECTORS:

P Alves

D Boulton

A D Campbell

F Cazzoli

G M C Cheeseman

D R Clements

P R De Lusignan

A J Kelley

S F Reynolds

M S Walker

T Birtles

P J Lyons

L Massei

A J Mineyko

H Suzuki

SECRETARY:

K A Pahnke

REGISTERED OFFICE:

1 Rye Hill Office Park

Birmingham Road Allesley

Coventry

West Midlands

CV5 9AB

REGISTERED NUMBER:

01113282 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITIES

The principal activities of the group in the year under review were those of an industry membership organisation and events management services.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

P Alves

D Boulton

A D Campbell

F Cazzoli

G M C Cheeseman

D R Clements

P R De Lusignan

A J Kelley

M S Walker

Other changes in directors holding office are as follows:

S F Reynolds - appointed 26 April 2024

M R Loydall - resigned 31 March 2025

J D Robinson - resigned 31 March 2025

E Lorenzana - appointed 17 December 2024

K A Howells - resigned 31 March 2025

H C Dale - resigned 31 March 2025

M A Niblett - resigned 22 May 2024

T Birtles , P J Lyons , L Massei , A J Mineyko and H Suzuki were appointed as directors after 31 March 2025 but prior to the date of this report.

N Fletcher and E Lorenzana ceased to be directors after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the surplus or deficit of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A D Campbell - Director

15 October 2025

Opinion

We have audited the financial statements of The Motor Cycle Industry Association Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's deficit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management, including an assessment of any key laws and regulations with which the company must comply in the ordinary course of its business.

Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of management's controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.

As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance. By definition, the risk of our detection of non-compliance is greater where compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. The risk is also greater regarding irregularities due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gregg Olner MPhil BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

15 October 2025

TURNOVER

4,335,096

4,316,512

Cost of sales

2,859,166

2,360,819

GROSS SURPLUS

1,475,930

1,955,693

Administrative expenses

1,611,827

1,694,354

(135,897

)

261,339

Other operating income

7,279

10,352

OPERATING (DEFICIT)/SURPLUS

4

(128,618

)

271,691

Interest receivable and similar income

71,531

51,546

(DEFICIT)/SURPLUS BEFORE TAXATION

(57,087

)

323,237

Tax on (deficit)/surplus

-

17,243

(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR

(57,087

)

305,994

(Deficit)/surplus attributable to:

Owners of the parent

(57,087

)

305,994

(DEFICIT)/SURPLUS FOR THE YEAR

(57,087

)

305,994

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(57,087

)

305,994

Total comprehensive income attributable to:

Owners of the parent

(57,087

)

305,994

FIXED ASSETS

Tangible assets

7

650,291

655,722

Investments

8

-

-

650,291

655,722

CURRENT ASSETS

Debtors

9

678,455

619,424

Cash at bank

2,394,855

2,518,508

3,073,310

3,137,932

CREDITORS

Amounts falling due within one year

10

320,551

333,517

NET CURRENT ASSETS

2,752,759

2,804,415

TOTAL ASSETS LESS CURRENT LIABILITIES

3,403,050

3,460,137

RESERVES

Income and expenditure account

3,403,050

3,460,137

3,403,050

3,460,137

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

A D Campbell - Director

A J Kelley - Director

FIXED ASSETS

Tangible assets

7

650,291

655,722

Investments

8

102

102

650,393

655,824

CURRENT ASSETS

Debtors

9

1,449,220

1,001,583

Cash at bank

1,920,058

2,046,076

3,369,278

3,047,659

CREDITORS

Amounts falling due within one year

10

320,982

278,961

NET CURRENT ASSETS

3,048,296

2,768,698

TOTAL ASSETS LESS CURRENT LIABILITIES

3,698,689

3,424,522

RESERVES

Income and expenditure account

3,698,689

3,424,522

3,698,689

3,424,522

Company's profit for the financial year

274,167

187,328

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

A J Kelley - Director

Retained

Total

earnings

equity

£

£

Balance at 1 April 2023

3,154,143

3,154,143

Changes in equity

Total comprehensive income

305,994

305,994

Balance at 31 March 2024

3,460,137

3,460,137

Changes in equity

Total comprehensive income

(57,087

)

(57,087

)

Balance at 31 March 2025

3,403,050

3,403,050

Retained

Total

earnings

equity

£

£

Balance at 1 April 2023

3,237,194

3,237,194

Changes in equity

Total comprehensive income

187,328

187,328

Balance at 31 March 2024

3,424,522

3,424,522

Changes in equity

Total comprehensive income

274,167

274,167

Balance at 31 March 2025

3,698,689

3,698,689

1.	STATUTORY INFORMATION

The Motor Cycle Industry Association 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 General 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Basis of consolidation

The consolidated financial statements incorporate those of The Motor Cycle Industry Association Limited and of its subsidiary undertakings, MCIA Events Limited, British Motorcycle Safety Foundation Limited, The Motor Cycle Industry Trainers Association Limited and The Motor Cycle Accident Repairers Association Limited. All financial statements are made up to 31 March 2025. All transactions and balances between group companies are eliminated on consolidation.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historic cost model being cost less accumulated depreciation and any accumulated impairment losses. Historic cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their useful economic lives as follows:

Plant and machinery - 33.3%, 25%, 15%, and 10% on cost.

Any gains or losses on the disposal of tangible fixed assets are recognised in the Income Statement in the period that the disposal takes place.

No depreciation is provided on land and buildings. The company follows a programme of maintenance of its properties, which includes the reinstatement of the fabric of the buildings, where necessary, in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors 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 income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 14 ) .

4.	OPERATING (DEFICIT)/SURPLUS

The operating deficit (2024 - operating surplus) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

7,640

7,685

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.

SHOWS

Motor Cycle Live is run by MCIA Events Limited, a wholly-owned subsidiary of The Motor Cycle Industry Association Limited.

7.	TANGIBLE FIXED ASSETS

Group

Land and

Plant &

buildings

machinery

Totals

£

£

£

COST

At 1 April 2024

639,173

334,780

973,953

Additions

-

2,209

2,209

Disposals

-

(25,427

)

(25,427

)

At 31 March 2025

639,173

311,562

950,735

DEPRECIATION

At 1 April 2024

-

318,231

318,231

Charge for year

-

7,640

7,640

Eliminated on disposal

-

(25,427

)

(25,427

)

At 31 March 2025

-

300,444

300,444

NET BOOK VALUE

At 31 March 2025

639,173

11,118

650,291

At 31 March 2024

639,173

16,549

655,722

Company

Land and

Plant &

buildings

machinery

Totals

£

£

£

COST

At 1 April 2024

639,173

334,780

973,953

Additions

-

2,209

2,209

Disposals

-

(25,427

)

(25,427

)

At 31 March 2025

639,173

311,562

950,735

DEPRECIATION

At 1 April 2024

-

318,231

318,231

Charge for year

-

7,640

7,640

Eliminated on disposal

-

(25,427

)

(25,427

)

At 31 March 2025

-

300,444

300,444

NET BOOK VALUE

At 31 March 2025

639,173

11,118

650,291

At 31 March 2024

639,173

16,549

655,722

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

102

NET BOOK VALUE

At 31 March 2025

102

At 31 March 2024

102

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

MCIA Events Limited

Registered office: England and Wales

Nature of business: Promoting and managing motorcycle shows.

%

Class of shares:

holding

Ordinary

100.00

The British Motorcycle Safety Foundation Limited

Registered office: England and Wales

Nature of business: Dormant training company.

%

Class of shares:

holding

Ordinary

100.00

The company is also the sole member of The Motor Cycle Industry Trainers Association Limited and The Motor Cycle Accident Repairers Association Limited, two dormant training companies limited by guarantee. Both of these associations are incorporated in England and Wales.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

-

3,655

-

2,199

Amounts owed by related undertakings

-

-

1,347,565

917,148

VAT

115,197

112,747

-

22,171

Prepayments and accrued income

563,258

503,022

101,655

60,065

678,455

619,424

1,449,220

1,001,583

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade creditors

89,931

85,966

84,987

66,318

Amounts owed to related undertakings

-

-

2

2

Tax

-

17,803

-

8,930

Social security and other taxes

27,918

42,667

27,918

42,667

VAT

-

-

51,410

-

Other creditors

16,801

12,143

4,616

1,751

Accrued expenses

185,901

174,938

152,049

159,293

320,551

333,517

320,982

278,961

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £460,675 (2024 - £442,957)

12.	CONTROLLING INTERESTS

There is no overall controlling party.