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REGISTERED NUMBER: 00382764 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Clewer Boatyard Limited

Clewer Boatyard Limited (Registered number: 00382764)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clewer Boatyard Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Pickin
Mrs K A Pickin
Mr M D Pickin





SECRETARY: Mr M D Pickin





REGISTERED OFFICE: Clewer Court Road
Windsor
Berkshire
SL4 5JD





REGISTERED NUMBER: 00382764 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Clewer Boatyard Limited (Registered number: 00382764)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,964 44,083
Investment property 5 1,600,000 1,600,000
1,642,964 1,644,083

CURRENT ASSETS
Stocks 2,558 6,008
Debtors 6 40,958 16,231
Cash at bank and in hand 212,829 210,489
256,345 232,728
CREDITORS
Amounts falling due within one year 7 (73,713 ) (90,587 )
NET CURRENT ASSETS 182,632 142,141
TOTAL ASSETS LESS CURRENT LIABILITIES 1,825,596 1,786,224

PROVISIONS FOR LIABILITIES (217,834 ) (217,834 )
NET ASSETS 1,607,762 1,568,390

CAPITAL AND RESERVES
Called up share capital 6,997 6,997
Capital redemption reserve 3 3
Retained earnings 1,600,762 1,561,390
SHAREHOLDERS' FUNDS 1,607,762 1,568,390

Clewer Boatyard Limited (Registered number: 00382764)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 25 October 2024 and were signed on its behalf by:





Mr M D Pickin - Director


Clewer Boatyard Limited (Registered number: 00382764)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Clewer Boatyard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts are prepared on a going concern basis as in the opinion of the director the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.

Turnover is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold buildings which are not held for investment purposes are depreciated by equal annual instalments over their expected useful lives. It has been determined by the directors that at 1 April 1998 such freehold buildings has a useful economic life of 20 years.

Other fixed assets are depreciated on the reducing balance method which aims to write down the cost less estimated residual value of the tangible fixed assets over their expected useful lives. The rates applicable are given above.

Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any changes recognised in the profit and loss.

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


Clewer Boatyard Limited (Registered number: 00382764)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. The assets of the scheme are held separately from those of the company in an independently administered fund.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 99,006 41,092 59,168 29,870 229,136
DEPRECIATION
At 1 April 2023 59,404 40,917 57,724 27,008 185,053
Charge for year - 43 361 715 1,119
At 31 March 2024 59,404 40,960 58,085 27,723 186,172
NET BOOK VALUE
At 31 March 2024 39,602 132 1,083 2,147 42,964
At 31 March 2023 39,602 175 1,444 2,862 44,083

Included in cost of land and buildings is freehold land of £ 39,602 (2023 - £ 39,602 ) which is not depreciated.

Clewer Boatyard Limited (Registered number: 00382764)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,600,000
NET BOOK VALUE
At 31 March 2024 1,600,000
At 31 March 2023 1,600,000

The investment properties were valued by the directors at £1,600,000, which is based on open market value for existing use at 31 March 2024. The investment properties were last valued by an independent Chartered Surveyor, J.C. Frost & Co Surveyors (Thames Valley) Limited, at 31 March 2012. The original cost of land and buildings included at valuation was £243,468. The investment properties are assets held for the purpose of letting under short-term lease agreements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 16,578 3,734
Other debtors 24,380 12,497
40,958 16,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,577 8,647
Taxation and social security 17,664 18,443
Other creditors 51,472 63,497
73,713 90,587

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 308

9. RELATED PARTY DISCLOSURES

The company rents properties from the Clewer Executive Pension Scheme, an entity which is under common control, for the purpose of sub-letting. The rental paid to the pension scheme was £45,000 (2023: £45,000).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M D Pickin by virtue of his majority ownership of the ordinary shares.