IRIS Accounts Production v23.4.0.336 06757801 Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067578012022-12-31067578012023-12-31067578012023-01-012023-12-31067578012021-12-31067578012022-01-012022-12-31067578012022-12-3106757801ns15:EnglandWales2023-01-012023-12-3106757801ns14:PoundSterling2023-01-012023-12-3106757801ns10:Director12023-01-012023-12-3106757801ns10:CompanyLimitedByGuarantee2023-01-012023-12-3106757801ns10:SmallEntities2023-01-012023-12-3106757801ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3106757801ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106757801ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106757801ns10:FullAccounts2023-01-012023-12-3106757801ns10:Director22023-01-012023-12-3106757801ns10:Director32023-01-012023-12-3106757801ns10:RegisteredOffice2023-01-012023-12-3106757801ns5:CurrentFinancialInstruments2023-12-3106757801ns5:CurrentFinancialInstruments2022-12-3106757801ns5:RetainedEarningsAccumulatedLosses2023-12-3106757801ns5:RetainedEarningsAccumulatedLosses2022-12-3106757801ns5:PlantMachinery2023-01-012023-12-3106757801ns5:FurnitureFittings2023-01-012023-12-3106757801ns5:ComputerEquipment2023-01-012023-12-3106757801ns5:LandBuildings2022-12-3106757801ns5:PlantMachinery2022-12-3106757801ns5:FurnitureFittings2022-12-3106757801ns5:ComputerEquipment2022-12-3106757801ns5:LandBuildings2023-01-012023-12-3106757801ns5:LandBuildings2023-12-3106757801ns5:PlantMachinery2023-12-3106757801ns5:FurnitureFittings2023-12-3106757801ns5:ComputerEquipment2023-12-3106757801ns5:LandBuildings2022-12-3106757801ns5:PlantMachinery2022-12-3106757801ns5:FurnitureFittings2022-12-3106757801ns5:ComputerEquipment2022-12-3106757801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106757801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06757801 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Boston Rowing Club Ltd

Boston Rowing Club Ltd (Registered number: 06757801)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Boston Rowing Club Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R G Panton
R J Parker
A P Apletree





REGISTERED OFFICE: Boston Rowing Club Ltd
The Boathouse
Carlton Road
Boston
Lincolnshire
PE21 8LL





REGISTERED NUMBER: 06757801 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Boston Rowing Club Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boston Rowing Club Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Boston Rowing Club Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Boston Rowing Club Ltd and state those matters that we have agreed to state to the Board of Directors of Boston Rowing Club Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boston Rowing Club Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Boston Rowing Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boston Rowing Club Ltd. You consider that Boston Rowing Club Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Boston Rowing Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


27 March 2024

Boston Rowing Club Ltd (Registered number: 06757801)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,037 42,083

CURRENT ASSETS
Stocks 2,154 2,154
Debtors 5 1,947 3,156
Cash at bank and in hand 48,094 45,467
52,195 50,777
CREDITORS
Amounts falling due within one year 6 3,101 2,105
NET CURRENT ASSETS 49,094 48,672
TOTAL ASSETS LESS CURRENT LIABILITIES 87,131 90,755

RESERVES
Income and expenditure account 87,131 90,755
87,131 90,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





R J Parker - Director


Boston Rowing Club Ltd (Registered number: 06757801)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Boston Rowing Club Ltd 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.

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.

Turnover
Turnover represents the value of goods and services provided to members and customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Boats and equipment - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The company is exempt from corporation tax as a result of being registered as a Community and Amateur Sports Club.

Government grants
Grants relating to the Coronavirus Job Retention Scheme are recognised in full in the period in which the associated salary incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Boats and and Computer
Buildings equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 750 121,695 3,098 598 126,141
Additions - - - 137 137
At 31 December 2023 750 121,695 3,098 735 126,278
DEPRECIATION
At 1 January 2023 - 80,718 2,742 598 84,058
Charge for year - 4,097 71 15 4,183
At 31 December 2023 - 84,815 2,813 613 88,241
NET BOOK VALUE
At 31 December 2023 750 36,880 285 122 38,037
At 31 December 2022 750 40,977 356 - 42,083

Boston Rowing Club Ltd (Registered number: 06757801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268 1,586
Prepayments 1,679 1,570
1,947 3,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,069 1,105
Accrued expenses 2,032 1,000
3,101 2,105

7. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have share capital.