1 September 2022 false No description of principal activity Taxfiler 2024.1 00701131business:CompanyLimitedByGuarantee2022-09-012023-08-31 007011312022-08-31 007011312022-09-012023-08-31 00701131business:AuditExemptWithAccountantsReport2022-09-012023-08-31 00701131business:FilletedAccounts2022-09-012023-08-31 007011312023-08-31 00701131business:Director12022-09-012023-08-31 00701131business:Director22022-09-012023-08-31 00701131business:Director32022-09-012023-08-31 00701131business:Director72022-09-012023-08-31 00701131business:Director82022-09-012023-08-31 00701131business:Director92022-09-012023-08-31 00701131business:Director102022-09-012023-08-31 00701131business:Director112022-09-012023-08-31 00701131business:Director122022-09-012023-08-31 00701131business:Director132022-09-012023-08-31 00701131business:Director142022-09-012023-08-31 00701131business:RegisteredOffice2022-09-012023-08-31 007011312022-08-31 00701131core:WithinOneYear2023-08-31 00701131core:WithinOneYear2022-08-31 00701131core:AfterOneYear2023-08-31 00701131core:AfterOneYear2022-08-31 00701131core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 00701131core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 00701131core:PreviouslyStatedAmount2023-08-31 00701131core:PreviouslyStatedAmount2022-08-31 00701131business:SmallEntities2022-09-012023-08-31 00701131countries:EnglandWales2022-09-012023-08-31 00701131core:LandBuildings2022-09-012023-08-31 00701131core:PlantMachinery2022-09-012023-08-31 00701131core:FurnitureFittings2022-09-012023-08-31 00701131core:ComputerEquipment2022-09-012023-08-31 00701131core:LandBuildings2022-08-31 00701131core:PlantMachinery2022-08-31 00701131core:FurnitureFittings2022-08-31 00701131core:ComputerEquipment2022-08-31 00701131core:LandBuildings2023-08-31 00701131core:PlantMachinery2023-08-31 00701131core:FurnitureFittings2023-08-31 00701131core:ComputerEquipment2023-08-31 00701131core:BetweenOneFiveYears2023-08-31 00701131core:BetweenOneFiveYears2022-08-31 00701131core:MoreThanFiveYears2023-08-31 00701131core:MoreThanFiveYears2022-08-31 007011312021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 00701131 (England and Wales)
LYMINGTON TOWN SAILING CLUB LIMITED Unaudited accounts for the year ended 31 August 2023
LYMINGTON TOWN SAILING CLUB LIMITED Unaudited accounts Contents
Page
- 2 -
LYMINGTON TOWN SAILING CLUB LIMITED Company Information for the year ended 31 August 2023
Directors
Mr P A Etheridge Mr A Evans Mr S J Homewood Mr D Ellis Mr N Dunnet Mrs Chipperfield Mr J Thornton Mr C Bunce Mrs Markham Mr R Ward Mr D Ward
Company Number
00701131 (England and Wales)
Registered Office
Bath House Bath Road Lymington Hampshire SO41 3SE United Kingdom
Accountants
Eleve11 Consulting Ltd T/A Cloud Eleven Accountants Palamos House 66-67 High St Lymington Hampshire SO41 9AL
- 3 -
LYMINGTON TOWN SAILING CLUB LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
464,670 
476,848 
Current assets
Inventories
18,598 
8,432 
Debtors
31,252 
23,675 
Cash at bank and in hand
195,989 
209,639 
245,839 
241,746 
Creditors: amounts falling due within one year
(129,533)
(121,101)
Net current assets
116,306 
120,645 
Total assets less current liabilities
580,976 
597,493 
Creditors: amounts falling due after more than one year
(100,629)
(112,203)
Net assets
480,347 
485,290 
Reserves
Profit and loss account
480,347 
485,290 
Members' funds
480,347 
485,290 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
Mr A Evans Director Company Registration No. 00701131
- 4 -
LYMINGTON TOWN SAILING CLUB LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
LYMINGTON TOWN SAILING CLUB LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 00701131. The registered office is Bath House, Bath Road, Lymington, Hampshire, SO41 3SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold Straight Line in accordance with the length of the lease. Changing rooms 5% Straight Line.
Plant & machinery
20%/25% on Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Government grants
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
- 5 -
LYMINGTON TOWN SAILING CLUB LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
635,802 
232,903 
99,272 
16,275 
984,252 
Additions
- 
25,354 
1,020 
- 
26,374 
Disposals
- 
(10,000)
- 
- 
(10,000)
At 31 August 2023
635,802 
248,257 
100,292 
16,275 
1,000,626 
Depreciation
At 1 September 2022
228,034 
186,742 
80,887 
11,741 
507,404 
Charge for the year
15,793 
16,157 
3,797 
908 
36,655 
On disposals
- 
(8,103)
- 
- 
(8,103)
At 31 August 2023
243,827 
194,796 
84,684 
12,649 
535,956 
Net book value
At 31 August 2023
391,975 
53,461 
15,608 
3,626 
464,670 
At 31 August 2022
407,768 
46,161 
18,385 
4,534 
476,848 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,952 
7,191 
Accrued income and prepayments
20,298 
16,384 
Other debtors
2 
100 
31,252 
23,675 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,697 
8,647 
Trade creditors
38,296 
32,996 
Taxes and social security
5,063 
4,754 
Other creditors
27,362 
37,982 
Accruals
8,260 
12,820 
Deferred income
40,855 
23,902 
129,533 
121,101 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
82,486 
88,408 
Deferred income
18,143 
23,795 
100,629 
112,203 
- 6 -
LYMINGTON TOWN SAILING CLUB LIMITED Notes to the Accounts for the year ended 31 August 2023
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,586 
12,586 
Later than one year and not later than five years
50,344 
50,344 
Later than five years
602,030 
614,616 
664,960 
677,546 
10
Average number of employees
During the year the average number of employees was 20 (2022: 17).
- 7 -