BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal trading activity of the company is the provision of boathouse services. 16 August 2024 0 0 00596700 2024-03-31 00596700 2023-03-31 00596700 2022-03-31 00596700 2023-04-01 2024-03-31 00596700 2022-04-01 2023-03-31 00596700 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00596700 uk-curr:PoundSterling 2023-04-01 2024-03-31 00596700 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00596700 uk-bus:FullAccounts 2023-04-01 2024-03-31 00596700 uk-core:ShareCapital 2024-03-31 00596700 uk-core:ShareCapital 2023-03-31 00596700 uk-core:OtherReservesSubtotal 2024-03-31 00596700 uk-core:OtherReservesSubtotal 2023-03-31 00596700 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 00596700 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00596700 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 00596700 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 00596700 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00596700 uk-core:OtherMiscellaneousReserve 2023-03-31 00596700 uk-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00596700 uk-core:ShareCapital 2023-04-01 2024-03-31 00596700 uk-core:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00596700 uk-core:OtherMiscellaneousReserve 2024-03-31 00596700 uk-bus:FRS102 2023-04-01 2024-03-31 00596700 uk-core:LandBuildings 2023-04-01 2024-03-31 00596700 uk-core:PlantMachinery 2023-04-01 2024-03-31 00596700 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00596700 uk-core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00596700 uk-core:CurrentFinancialInstruments 2024-03-31 00596700 uk-core:CurrentFinancialInstruments 2023-03-31 00596700 uk-core:WithinOneYear 2024-03-31 00596700 uk-core:WithinOneYear 2023-03-31 00596700 uk-core:OtherMiscellaneousReserve 2023-03-31 00596700 uk-core:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00596700 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00596700 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00596700 uk-core:OtherDeferredTax 2024-03-31 00596700 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-03-31 00596700 uk-core:OtherMiscellaneousReserve 2024-03-31 00596700 2023-04-01 2024-03-31 00596700 uk-bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 00596700 uk-bus:Director1 2023-04-01 2024-03-31 00596700 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: 00596700
 
 
Burnham Overy Boathouse Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Burnham Overy Boathouse Limited
Company Registration Number: 00596700
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 177,893 168,872
───────── ─────────
 
Current Assets
Stocks 5 4,000 300
Debtors 6 23,201 15,312
Cash at bank and in hand 268,180 252,606
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295,381 268,218
───────── ─────────
Creditors: amounts falling due within one year 7 (16,761) (14,520)
───────── ─────────
Net Current Assets 278,620 253,698
───────── ─────────
Total Assets less Current Liabilities 456,513 422,570
 
Provisions for liabilities 9 (5,150) (3,683)
───────── ─────────
Net Assets 451,363 418,887
═════════ ═════════
 
Capital and Reserves
Called up share capital 3,000 3,000
Other reserves 116,863 108,203
Retained earnings 331,500 307,684
───────── ─────────
Shareholders' Funds 451,363 418,887
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 16 August 2024 and signed on its behalf by
           
           
           
________________________________          
Mr. T J Douglas-Home          
Director          
           



Burnham Overy Boathouse Limited
RECONCILIATION OF SHAREHOLDERS' FUNDS
as at 31 March 2024

Called up Retained Special Capital Total
share earnings reserve reserve
capital
£ £ £ £ £
 
At 1 April 2022 3,000 284,678 71,560 36,643 395,881
───────── ───────── ───────── ───────── ─────────
Profit for the financial year - 23,006 - - 23,006
───────── ───────── ───────── ───────── ─────────
At 31 March 2023 3,000 307,684 71,560 36,643 418,887
  ───────── ───────── ───────── ───────── ─────────
Profit for the financial year - 32,476 - - 32,476
  ───────── ───────── ───────── ───────── ─────────
Other movements in
Shareholders' Funds - (8,660) (71,560) 80,220 -
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2024 3,000 331,500 - 116,863 451,363
  ═════════ ═════════ ═════════ ═════════ ═════════



Burnham Overy Boathouse Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Burnham Overy Boathouse Limited is a company limited by shares incorporated in the United Kingdom. The Quay, Burnham Overy Staithe, King's Lynn, Norfolk, PE31 8JF, England is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Computer equipment - 25% Straight line
  Fixtures, fittings and equipment - 15% Reducing balance
  Dinghies engines & trailers - 10% Reducing balance
 
The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their book value. As a result the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
       
3. Employees
 
The average monthly number of employees during the financial year was 1, (2023 - 1).
             
4. Tangible assets
  Land and Computer Fixtures, Dinghies Total
  buildings equipment fittings and engines  
  freehold   equipment & trailers  
  £ £ £ £ £
Cost
At 1 April 2023 149,488 1,015 35,211 5,160 190,874
Additions 1,299 - 10,668 600 12,567
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2024 150,787 1,015 45,879 5,760 203,441
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 - 840 17,747 3,415 22,002
Charge for the financial year - 58 3,311 177 3,546
  ───────── ───────── ───────── ───────── ─────────
At 31 March 2024 - 898 21,058 3,592 25,548
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 150,787 117 24,821 2,168 177,893
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 March 2023 149,488 175 17,464 1,745 168,872
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Consumables 4,000 300
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 1,862 1,099
Other debtors 999 825
Taxation  (Note 8) 1,060 -
Prepayments and accrued income 19,280 13,388
  ───────── ─────────
  23,201 15,312
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 5,299 3,403
Taxation  (Note 8) 7,707 8,077
Other creditors 196 340
Accruals 3,559 2,700
  ───────── ─────────
  16,761 14,520
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 1,060 -
  ═════════ ═════════
Creditors:
VAT - 1,120
Corporation tax 6,151 5,952
PAYE / NI 1,556 1,005
  ───────── ─────────
  7,707 8,077
  ═════════ ═════════
       
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
  2024 2023
  £ £
 
At financial year start 3,683 4,255
Charged to profit and loss 1,467 (572)
  ───────── ─────────
At financial year end 5,150 3,683
  ═════════ ═════════