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REGISTERED NUMBER: 11321637 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRIXHAM YACHT CLUB

BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIXHAM YACHT CLUB

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr I C Scott
Mrs P Preston
Mr M A Hobbs
Mr N Crang





REGISTERED OFFICE: Brixham Yacht Club
Overgang Road
Brixham
Devon
TQ5 8AR





REGISTERED NUMBER: 11321637 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,963 51,407

CURRENT ASSETS
Stocks 5 6,656 6,207
Debtors 6 9,135 9,741
Cash at bank and in hand 178,829 160,964
194,620 176,912
CREDITORS
Amounts falling due within one year 7 57,787 55,671
NET CURRENT ASSETS 136,833 121,241
TOTAL ASSETS LESS CURRENT LIABILITIES 179,796 172,648

CREDITORS
Amounts falling due after more than one
year

8

38,125

38,125
NET ASSETS 141,671 134,523

RESERVES
Income and expenditure account 141,671 134,523
141,671 134,523

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

BALANCE SHEET - continued
31 AUGUST 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 8 November 2024 and were signed on its behalf by:




Mr N Crang - Director Mrs P Preston - Director




Mr M A Hobbs - Director Mr I C Scott - Director


BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Brixham Yacht Club 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 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.
Bar Equipment - 15% on cost
Fixtures and fittings - 25% on reducing balance
Sailing Equipment - 15% on cost
Trophies and Artifacts - Nil

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 7 ).

4. TANGIBLE FIXED ASSETS
Fixtures Trophies
Bar and Sailing and
Equipment fittings Equipment Artifacts Totals
£    £    £    £    £   
COST
At 1 September 2023 7,141 32,427 27,298 25,500 92,366
Disposals - - (100 ) - (100 )
At 31 August 2024 7,141 32,427 27,198 25,500 92,266
DEPRECIATION
At 1 September 2023 3,998 19,655 17,306 - 40,959
Charge for year 1,071 3,193 4,080 - 8,344
At 31 August 2024 5,069 22,848 21,386 - 49,303
NET BOOK VALUE
At 31 August 2024 2,072 9,579 5,812 25,500 42,963
At 31 August 2023 3,143 12,772 9,992 25,500 51,407

5. STOCKS
2024 2023
£    £   
Stocks 6,656 6,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,820 2,538
Other debtors 1,342 1,643
Prepayments 5,973 5,560
9,135 9,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,237 17,520
Tax 2,344 2,073
Social security and other taxes 616 -
VAT 7,280 3,217
Other creditors 33,156 29,893
Accrued expenses 3,154 2,968
57,787 55,671

BRIXHAM YACHT CLUB (REGISTERED NUMBER: 11321637)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
BYC Land Club donation 38,125 38,125

9. RELATED PARTY DISCLOSURES

During the period Brixham Yacht Club had use of the property owned by BYC Land Club rent free.

10. EXPENSE ALLOCATIONS

In the 2024 accounting period function and sponsorship income have been directly allocated to the specific department within the yacht club instead of being apportioned out. There is therefore no sponsorship or function income showing for the club or bar this year.