PORTHSTINIAN BOAT OWNERS C.I.C.

Company limited by guarantee

Company Registration Number:
10463061 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

PORTHSTINIAN BOAT OWNERS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PORTHSTINIAN BOAT OWNERS C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 0 250
Cash at bank and in hand: 36,361 32,872
Investments:   0 0
Total current assets: 36,361 33,122
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 1,071 ) ( 600 )
Net current assets (liabilities): 35,290 32,522
Total assets less current liabilities: 35,290 32,522
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 35,290 32,522
Members' funds
Profit and loss account: 35,290 32,522
Total members' funds: 35,290 32,522

The notes form part of these financial statements

PORTHSTINIAN BOAT OWNERS C.I.C.

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 February 2025
and signed on behalf of the board by:

Name: Janet Claire Lunt
Status: Director

The notes form part of these financial statements

PORTHSTINIAN BOAT OWNERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Other accounting policies

    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 statement of financial position date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PORTHSTINIAN BOAT OWNERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

PORTHSTINIAN BOAT OWNERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 250
Total 0 250
Debtors due after more than one year: 0 0

PORTHSTINIAN BOAT OWNERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 470 0
Accruals and deferred income 0 0
Other creditors 601 600
Total 1,071 600

PORTHSTINIAN BOAT OWNERS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Loans to directors

RELATED PARTY DISCLOSURES No related party transactions in the year.

COMMUNITY INTEREST ANNUAL REPORT

PORTHSTINIAN BOAT OWNERS C.I.C.

Company Number: 10463061 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

The company was set up on 4th November 2016 in order to be able to take over the functions and assets of the existing unincorporated Porthstinian Boat Owners Association (PBA). The company promotes and facilitates boating and conservation at St Justinian's, Pembrokeshire.

Consultation with stakeholders

The company's stakeholders are local residents and visitors who make use of the slipway and moorings at St Justinians, or use the boat services that do so. The stakeholders also include RNLI (which manages the lifeboat station at St Justinian's),St Davids City Council, Pembrokeshire Coast National Park Authority and Car-Y-Mor (seaweed and shellfish farm). The company has carried out no consultations.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 February 2025

And signed on behalf of the board by:
Name: Janet Claire Lunt
Status: Director