IRIS Accounts Production v24.3.0.553 00718175 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007181752023-06-30007181752024-06-30007181752023-07-012024-06-30007181752022-06-30007181752022-07-012023-06-30007181752023-06-3000718175ns15:EnglandWales2023-07-012024-06-3000718175ns14:PoundSterling2023-07-012024-06-3000718175ns10:Director12023-07-012024-06-3000718175ns10:Director22023-07-012024-06-3000718175ns10:CompanyLimitedByGuarantee2023-07-012024-06-3000718175ns10:SmallEntities2023-07-012024-06-3000718175ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3000718175ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3000718175ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3000718175ns10:FullAccounts2023-07-012024-06-3000718175ns10:CompanySecretary12023-07-012024-06-3000718175ns10:RegisteredOffice2023-07-012024-06-3000718175ns5:CurrentFinancialInstruments2024-06-3000718175ns5:CurrentFinancialInstruments2023-06-3000718175ns5:Non-currentFinancialInstruments2024-06-3000718175ns5:Non-currentFinancialInstruments2023-06-3000718175ns5:RevaluationReserve2024-06-3000718175ns5:RevaluationReserve2023-06-3000718175ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3000718175ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3000718175ns5:RetainedEarningsAccumulatedLosses2024-06-3000718175ns5:RetainedEarningsAccumulatedLosses2023-06-3000718175ns5:LandBuildings2023-07-012024-06-3000718175ns5:PlantMachinery2023-07-012024-06-3000718175ns5:LandBuildings2023-06-3000718175ns5:PlantMachinery2023-06-3000718175ns5:LandBuildings2024-06-3000718175ns5:PlantMachinery2024-06-3000718175ns5:LandBuildings2023-06-3000718175ns5:PlantMachinery2023-06-3000718175ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3000718175ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3000718175ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 00718175 (England and Wales)


















CONWAY YACHT CLUB, LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CONWAY YACHT CLUB, LIMITED (REGISTERED NUMBER: 00718175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CONWAY YACHT CLUB, LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C M Brigg Esq
S R Wotherspoon Esq





SECRETARY: W Hughes Esq





REGISTERED OFFICE: 43 Station Road
DEGANWY
Conwy
LL31 9DF





REGISTERED NUMBER: 00718175 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

CONWAY YACHT CLUB, LIMITED (REGISTERED NUMBER: 00718175)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 262,100 264,450

CURRENT ASSETS
Stocks 5 1,310 1,087
Debtors 6 833 -
Cash at bank 31,971 33,553
34,114 34,640
CREDITORS
Amounts falling due within one year 7 12,234 16,774
NET CURRENT ASSETS 21,880 17,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,980

282,316

CREDITORS
Amounts falling due after more than one year 8 - (7,367 )

ACCRUALS AND DEFERRED INCOME - (4,700 )
NET ASSETS 283,980 270,249

RESERVES
Revaluation reserve 110,972 110,972
Other reserves 3,569 3,569
Income and expenditure account 169,439 155,708
283,980 270,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CONWAY YACHT CLUB, LIMITED (REGISTERED NUMBER: 00718175)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:




C M Brigg Esq - Director



S R Wotherspoon Esq - Director


CONWAY YACHT CLUB, LIMITED (REGISTERED NUMBER: 00718175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Conway Yacht Club, 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.

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

Subscription income received in advance is deferred and credited to the Income Statement over the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - Straight line over 15 years

Government grants
Government grants of a revenue nature are credited to the income statement so as to match the grants with the expenditure items to which they relate.

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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CONWAY YACHT CLUB, LIMITED (REGISTERED NUMBER: 00718175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Freehold
property Longboat Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 235,000 35,250 270,250
DEPRECIATION
At 1 July 2023 - 5,800 5,800
Charge for year - 2,350 2,350
At 30 June 2024 - 8,150 8,150
NET BOOK VALUE
At 30 June 2024 235,000 27,100 262,100
At 30 June 2023 235,000 29,450 264,450

5. STOCKS
2024 2023
£    £   
Stocks 1,310 1,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 833 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,062 7,500
Trade creditors 827 926
Social security and other taxes 183 111
Deferred income 3,460 7,535
Accrued expenses 702 702
12,234 16,774

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan - 7,367

The bank loan is secured on the freehold property.

9. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital.