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REGISTERED NUMBER: 01832829 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

South Caernarvonshire Yacht Club Limited

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,577 56,353

CURRENT ASSETS
Stocks 12,697 14,579
Debtors 5 21,839 11,197
Cash at bank and in hand 263,783 297,279
298,319 323,055
CREDITORS
Amounts falling due within one year 6 39,581 79,781
NET CURRENT ASSETS 258,738 243,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,315

299,627

RESERVES
Other reserves 7 122,100 122,100
Income and expenditure account 7 214,215 177,527
336,315 299,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 31 March 2024 and were signed on its behalf by:





R A Shelley - Director


South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

South Caernarvonshire Yacht Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01832829

Registered office: The Headland
Abersoch
Pwllheli
Gwynedd
LL53 7DP

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.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 135,528 250,383 385,911
Additions 2,900 39,281 42,181
At 30 September 2023 138,428 289,664 428,092
DEPRECIATION
At 1 October 2022 129,848 199,710 329,558
Charge for year 2,966 17,991 20,957
At 30 September 2023 132,814 217,701 350,515
NET BOOK VALUE
At 30 September 2023 5,614 71,963 77,577
At 30 September 2022 5,680 50,673 56,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 11,985 1,343
Other debtors 9,854 9,854
21,839 11,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 378 138
Trade creditors - 14,115
Taxation and social security 5,682 24,062
Other creditors 33,521 41,466
39,581 79,781

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. RESERVES
Income
and
expenditure Other
account reserves Totals
£    £    £   

At 1 October 2022 177,527 122,100 299,627
Surplus for the year 36,688 36,688
At 30 September 2023 214,215 122,100 336,315

Other reserves comprise the accumulated fund of South Caernarvonshire Yacht Club (an unincorporated body). The company acquired the assets of the club on 1 October 1984.

Under the Articles of Association of the company, the Members of the Council of Management regard the income and expenditure account and the other reserves as not being distributable to members.