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REGISTERED NUMBER: 15019486 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024

FOR

MOLESEY BOAT CLUB 1866 LIMITED

MOLESEY BOAT CLUB 1866 LIMITED (REGISTERED NUMBER: 15019486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MOLESEY BOAT CLUB 1866 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024







DIRECTORS: B V Dobson
D Hyde
G Leppard





REGISTERED OFFICE: 5-9 Eden Street
Kingston
Surrey
KT1 1BQ





REGISTERED NUMBER: 15019486 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

MOLESEY BOAT CLUB 1866 LIMITED (REGISTERED NUMBER: 15019486)

BALANCE SHEET
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 624,221
Investments 5 10
624,231

CURRENT ASSETS
Stocks 1,541
Debtors 6 1,976
Cash at bank and in hand 101,350
104,867
CREDITORS
Amounts falling due within one year 7 75,412
NET CURRENT ASSETS 29,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,686

RESERVES
Revaluation reserve 8 640,846
Other reserves 104,034
Income and expenditure account (91,194 )
653,686

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 6 February 2025 and were signed on its behalf by:




B V Dobson - Director



D Hyde - Director


MOLESEY BOAT CLUB 1866 LIMITED (REGISTERED NUMBER: 15019486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Molesey Boat Club 1866 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost, 4% on cost and 2% on cost
Equipment - Rowing equipment over 7 years and Other equipment over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

MOLESEY BOAT CLUB 1866 LIMITED (REGISTERED NUMBER: 15019486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
property Equipment Totals
£    £    £   
COST OR VALUATION
Additions - 8,219 8,219
Disposals - (12,857 ) (12,857 )
Revaluations 528,466 125,237 653,703
At 31 August 2024 528,466 120,599 649,065
DEPRECIATION
Charge for period 7,574 19,270 26,844
Eliminated on disposal - (2,000 ) (2,000 )
At 31 August 2024 7,574 17,270 24,844
NET BOOK VALUE
At 31 August 2024 520,892 103,329 624,221

Cost or valuation at 31 August 2024 is represented by:

Improvements
to
property Equipment Totals
£    £    £   
Valuation in 2024 528,466 112,380 640,846
Cost - 8,219 8,219
528,466 120,599 649,065

The assets acquired from the unincorporated entity Molesey Boat Club, were revalued on acquisition to the net book value of the assets if they had been capitalised and depreciated by Molesey Boat Club.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 10
At 31 August 2024 10
NET BOOK VALUE
At 31 August 2024 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 653
Other debtors 1,323
1,976

MOLESEY BOAT CLUB 1866 LIMITED (REGISTERED NUMBER: 15019486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JULY 2023 TO 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,716
Taxation and social security 8,108
Other creditors 65,588
75,412

8. RESERVES
Revaluation
reserve
£   
Revaluation of fixed assets acquired from
unincorporated entity

653,703

Revaluation recognised on disposal (12,857 )

At 31 August 2024 640,846

The balance under other reserves represents the value of assets and liabilities transferred from the previous unincorporated Club.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOLESEY BOAT CLUB 1866 LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Molesey Boat Club 1866 Limited for the period ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Molesey Boat Club 1866 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Molesey Boat Club 1866 Limited and state those matters that we have agreed to state to the Board of Directors of Molesey Boat Club 1866 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Molesey Boat Club 1866 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Molesey Boat Club 1866 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Molesey Boat Club 1866 Limited. You consider that Molesey Boat Club 1866 Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Molesey Boat Club 1866 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ


6 February 2025