IRIS Accounts Production v24.2.0.383 10836344 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108363442023-06-30108363442024-06-30108363442023-07-012024-06-30108363442022-06-30108363442022-07-012023-06-30108363442023-06-3010836344ns15:EnglandWales2023-07-012024-06-3010836344ns14:PoundSterling2023-07-012024-06-3010836344ns10:Director12023-07-012024-06-3010836344ns10:Director22023-07-012024-06-3010836344ns10:CompanyLimitedByGuarantee2023-07-012024-06-3010836344ns10:SmallEntities2023-07-012024-06-3010836344ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010836344ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010836344ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010836344ns10:FullAccounts2023-07-012024-06-3010836344ns10:Director72023-07-012024-06-3010836344ns10:Director82023-07-012024-06-3010836344ns10:Director122023-07-012024-06-3010836344ns10:Director132023-07-012024-06-3010836344ns10:Director142023-07-012024-06-3010836344ns10:Director152023-07-012024-06-3010836344ns10:Director162023-07-012024-06-3010836344ns10:Director172023-07-012024-06-3010836344ns10:CompanySecretary12023-07-012024-06-3010836344ns10:RegisteredOffice2023-07-012024-06-3010836344ns5:CurrentFinancialInstruments2024-06-3010836344ns5:CurrentFinancialInstruments2023-06-3010836344ns5:SharePremium2024-06-3010836344ns5:SharePremium2023-06-3010836344ns5:RevaluationReserve2024-06-3010836344ns5:RevaluationReserve2023-06-3010836344ns5:RetainedEarningsAccumulatedLosses2024-06-3010836344ns5:RetainedEarningsAccumulatedLosses2023-06-3010836344ns5:MotorVehicles2023-07-012024-06-3010836344ns5:ComputerEquipment2023-07-012024-06-3010836344ns5:MotorVehicles2023-06-3010836344ns5:ComputerEquipment2023-06-3010836344ns5:MotorVehicles2024-06-3010836344ns5:ComputerEquipment2024-06-3010836344ns5:MotorVehicles2023-06-3010836344ns5:ComputerEquipment2023-06-3010836344ns5:RetainedEarningsAccumulatedLosses2023-06-3010836344ns5:SharePremium2023-06-3010836344ns5:RevaluationReserve2023-06-3010836344ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-3010836344ns5:SharePremium2023-07-012024-06-3010836344ns5:RevaluationReserve2023-07-012024-06-30
REGISTERED NUMBER: 10836344 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Cabot Cruising Club

Cabot Cruising Club (Registered number: 10836344)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cabot Cruising Club

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J W Stokes
A R Farrow
P Arrowsmith-Ewing
F Stewart
Mr A M Butterly
Mr J E Falkus
Ms N F Innes
Ms K Jago
Mr D McGeeney
Ms H C Sheppard





SECRETARY: Ms K Jago





REGISTERED OFFICE: John Sebastian Quay
Bathurst Basin
Bristol
BS1 6SG





REGISTERED NUMBER: 10836344 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Cabot Cruising Club (Registered number: 10836344)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,620 4,682

CURRENT ASSETS
Stocks 3,020 843
Cash at bank and in hand 5 130,624 120,407
133,644 121,250
CREDITORS
Amounts falling due within one year 6 10,650 8,490
NET CURRENT ASSETS 122,994 112,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,614

117,442

RESERVES
Annual Social Fund 7 4,946 4,926
Sinking Fund 7 82,813 75,379
Income and expenditure account 7 40,855 37,137
128,614 117,442

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.

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 11 December 2024 and were signed on its behalf by:




Mr D McGeeney - Director



Mr J W Stokes - Director


Cabot Cruising Club (Registered number: 10836344)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Cabot Cruising 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.

The company is recognised to have Community Amateur Sports Club status in line with HM Revenue & Customs requirements.

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.

Income recognition
Turnover comprises of the value of bar sales made by the club and are included as they arise.

Members subscriptions and annual social fund income is recognised in full at the commencement of the membership year in the period to which the subscription relates.

Hire income is recognised when the event has taken place.

Donations are recognised as income on receipt.

The company recognised revenue when the amount of income can be reliably measured. It is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
John Sebastian - 5% on reducing balance
Other Equipment - 15% on reducing balance basis

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 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.

3. EMPLOYEES AND DIRECTORS

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

Cabot Cruising Club (Registered number: 10836344)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
John Other
Sebastian Equipment Totals
£    £    £   
COST
At 1 July 2023 3,764 4,166 7,930
Additions - 2,036 2,036
At 30 June 2024 3,764 6,202 9,966
DEPRECIATION
At 1 July 2023 997 2,251 3,248
Charge for year 138 960 1,098
At 30 June 2024 1,135 3,211 4,346
NET BOOK VALUE
At 30 June 2024 2,629 2,991 5,620
At 30 June 2023 2,767 1,915 4,682

5. CASH AT BANK AND IN HAND
2024 2023
£    £   
Debenture deposits 9,887 9,769
Sinking Fund Account 82,813 75,379
Current Account - Treasurer 27,061 25,713
Current Account - Bar 5,418 4,330
Current Account - ASF 5,301 4,926
Cash in hand - Bar 144 290
130,624 120,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 6,958 6,958
Accrued expenses 3,692 1,532
10,650 8,490

7. RESERVES
Income
and Annual
expenditure Social Sinking
account Fund Fund Totals
£    £    £    £   

At 1 July 2023 37,137 4,926 75,379 117,442
Surplus for the year 11,172 11,172
Transfer (7,454 ) 20 7,434 -
At 30 June 2024 40,855 4,946 82,813 128,614