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REGISTERED NUMBER: 05003686 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

The Royal Western Yacht Club of England
Limited

The Royal Western Yacht Club of England
Limited (Registered number: 05003686)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Royal Western Yacht Club of England
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C R Arscott
N Woodmansey
J A Corrigan
P R Noakes
R Michael
P Wanstall
A M Gray
J Lock
Mrs J Melville
S Hannaford





REGISTERED OFFICE: Queen Anne's Battery
Plymouth
Devon
PL4 0TW





REGISTERED NUMBER: 05003686 (England and Wales)





ACCOUNTANTS: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX

The Royal Western Yacht Club of England
Limited (Registered number: 05003686)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,541 42,492

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 5,430 5,057
Cash at bank and in hand 58,158 62,209
67,588 71,266
CREDITORS
Amounts falling due within one year 6 15,585 11,051
NET CURRENT ASSETS 52,003 60,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,544

102,707

RESERVES
Income and expenditure account 86,544 102,707
86,544 102,707

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 20 July 2024 and were signed on its behalf by:





N Woodmansey - Director


The Royal Western Yacht Club of England
Limited (Registered number: 05003686)

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

1. STATUTORY INFORMATION

The Royal Western Yacht Club of England 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 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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - Straight line over the life of the lease
Plant & machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

The Royal Western Yacht Club of England
Limited (Registered number: 05003686)

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

4. TANGIBLE FIXED ASSETS
Building Sailing Clubhouse
fixtures assets assets Totals
£    £    £    £   
COST
At 1 January 2023 24,597 47,702 28,651 100,950
Additions - 910 - 910
Disposals - (11,477 ) - (11,477 )
At 31 December 2023 24,597 37,135 28,651 90,383
DEPRECIATION
At 1 January 2023 12,217 32,929 13,312 58,458
Charge for year 2,460 1,373 3,066 6,899
Eliminated on disposal - (9,515 ) - (9,515 )
At 31 December 2023 14,677 24,787 16,378 55,842
NET BOOK VALUE
At 31 December 2023 9,920 12,348 12,273 34,541
At 31 December 2022 12,380 14,773 15,339 42,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 780 690
VAT 283 -
Prepayments and accrued income 4,367 4,367
5,430 5,057

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,616 2,921
Corporation tax - 6
VAT - 534
Other creditors 11,369 5,890
Accrued expenses 1,600 1,700
15,585 11,051