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REGISTERED NUMBER: 09031380 (England and Wales)















CINQUE PORTS SAILING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






CINQUE PORTS SAILING LIMITED (REGISTERED NUMBER: 09031380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CINQUE PORTS SAILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr B N Sealy





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 09031380 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

CINQUE PORTS SAILING LIMITED (REGISTERED NUMBER: 09031380)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,560 37,604

CURRENT ASSETS
Debtors 5 7,539 12,422
Cash at bank 631 772
8,170 13,194
CREDITORS
Amounts falling due within one year 6 (14,237 ) (19,301 )
NET CURRENT LIABILITIES (6,067 ) (6,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,493

31,497

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,492 31,496
SHAREHOLDERS' FUNDS 32,493 31,497

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 8 February 2024 and were signed by:



Mr B N Sealy - Director


CINQUE PORTS SAILING LIMITED (REGISTERED NUMBER: 09031380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Cinque Ports Sailing Limited is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Yachts - 20% on reducing balance
Equipment - 25% on reducing balance

Depreciation of tangible fixed assets
No depreciation is charged in the first year of addition.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Yachts Equipment Totals
£    £    £   
COST
At 1 June 2022 55,406 8,789 64,195
Additions 8,886 - 8,886
At 31 May 2023 64,292 8,789 73,081
DEPRECIATION
At 1 June 2022 23,049 3,542 26,591
Charge for year 6,619 1,311 7,930
At 31 May 2023 29,668 4,853 34,521
NET BOOK VALUE
At 31 May 2023 34,624 3,936 38,560
At 31 May 2022 32,357 5,247 37,604

CINQUE PORTS SAILING LIMITED (REGISTERED NUMBER: 09031380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,813 9,300
Sundry debtors - 2,226
Prepayments and accrued income 726 896
7,539 12,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,645 7,730
Trade creditors 3,816 8,391
Sundry creditors 974 -
Directors' current accounts 2,802 3,180
14,237 19,301

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B N Sealy.