NORTH WALES CRUISING CLUB LIMITED
Registered number: 03186074
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 4 190 -
Cash at bank and in hand 250,680 250,249
250,870 250,249
Creditors: amounts falling due within one year 5 (876) (1,379)
Net current assets 249,994 248,870
Net assets 249,994 248,870
Capital and reserves
Revaluation reserve 6 84,449 84,449
Profit and loss account 165,545 164,421
Shareholders' funds 249,994 248,870
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Byrom
Director
Approved by the board on 2 April 2025
NORTH WALES CRUISING CLUB LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 32,325
At 31 March 2025 32,325
Depreciation
At 1 April 2024 32,325
At 31 March 2025 32,325
Net book value
At 31 March 2025 -
4 Debtors 2025 2024
£ £
Other debtors 190 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Prepaid subscriptions & grants 470 1,260
Trade creditors 406 119
876 1,379
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 84,449 84,449
At 31 March 2025 84,449 84,449
7 Other information
NORTH WALES CRUISING CLUB LIMITED is a private company limited by guarantee and incorporated in England. Its registered office is:
3 Connaught House
Benarth Road
Conwy
Wales
LL32 8BU
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