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REGISTERED NUMBER: 02596421 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

HAVERSHAM SAILING CLUB LIMITED

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAVERSHAM SAILING CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R J Pakes
R A Stubbs
Mrs A E Miles
O J Anderson
P J Pakes
Mrs A R Chapman





SECRETARY: R J Pakes





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 02596421 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
MK17 8RF

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,744 188,519

CURRENT ASSETS
Stocks 2,611 919
Debtors 5 3,152 3,190
Cash at bank and in hand 69,568 81,114
75,331 85,223
CREDITORS
Amounts falling due within one year 6 41,393 48,511
NET CURRENT ASSETS 33,938 36,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,682

225,231

RESERVES
Income and expenditure account 247,682 225,231
247,682 225,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:




R J Pakes - Director



P J Pakes - Director


HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Haversham Sailing Club 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 consists of membership fees, bar surplus and sundry fundraising activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on cost
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Boats & trailers - 25% 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.

Taxation
The club is a registered Community Amateur Sports Club which exists only for the benefit of its members. All income and gains are applied for charitable and qualifying purposes only and as such it is exempt from corporation tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property Buildings property
£    £    £   
COST
At 1st April 2023 131,345 50,000 30,225
Additions - - -
Disposals - - -
At 31st March 2024 131,345 50,000 30,225
DEPRECIATION
At 1st April 2023 - 27,000 26,100
Charge for year - 1,000 1,302
Eliminated on disposal - - -
At 31st March 2024 - 28,000 27,402
NET BOOK VALUE
At 31st March 2024 131,345 22,000 2,823
At 31st March 2023 131,345 23,000 4,125

Fixtures
and Boats &
fittings trailers Totals
£    £    £   
COST
At 1st April 2023 53,347 129,067 393,984
Additions 9,419 28,264 37,683
Disposals (1,474 ) (7,000 ) (8,474 )
At 31st March 2024 61,292 150,331 423,193
DEPRECIATION
At 1st April 2023 47,360 105,005 205,465
Charge for year 3,062 5,683 11,047
Eliminated on disposal (1,457 ) (5,606 ) (7,063 )
At 31st March 2024 48,965 105,082 209,449
NET BOOK VALUE
At 31st March 2024 12,327 45,249 213,744
At 31st March 2023 5,987 24,062 188,519

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,152 3,190

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 90 -
Other creditors 41,303 48,511
41,393 48,511