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REGISTERED NUMBER: 01832829 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

South Caernarvonshire Yacht Club Limited

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 69,180 77,577

CURRENT ASSETS
Stocks 20,534 12,697
Debtors 5 11,015 21,839
Cash at bank and in hand 167,549 263,783
199,098 298,319
CREDITORS
Amounts falling due within one year 6 127,054 39,581
NET CURRENT ASSETS 72,044 258,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,224

336,315

RESERVES
Other reserves 7 122,100 122,100
Income and expenditure account 7 19,124 214,215
141,224 336,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 13 March 2025 and were signed on its behalf by:





Ms C Pinnington - Director


South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

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

1. STATUTORY INFORMATION

South Caernarvonshire Yacht Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01832829

Registered office: The Headland
Abersoch
Pwllheli
Gwynedd
LL53 7DP

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 20% on reducing balance and at variable rates on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 4 ) .

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 138,428 289,664 428,092
Additions - 44,281 44,281
Disposals - (99,414 ) (99,414 )
At 30 September 2024 138,428 234,531 372,959
DEPRECIATION
At 1 October 2023 132,814 217,701 350,515
Charge for year 2,966 37,198 40,164
Eliminated on disposal - (86,900 ) (86,900 )
At 30 September 2024 135,780 167,999 303,779
NET BOOK VALUE
At 30 September 2024 2,648 66,532 69,180
At 30 September 2023 5,614 71,963 77,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 2,694 11,985
Other debtors 8,321 9,854
11,015 21,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 378
Trade creditors 36,876 -
VAT 25,373 5,682
Other creditors 64,805 33,521
127,054 39,581

South Caernarvonshire Yacht Club Limited (Registered number: 01832829)

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

7. RESERVES
Income
and
expenditure Other
account reserves Totals
£    £    £   

At 1 October 2023 214,215 122,100 336,315
Deficit for the year (195,091 ) (195,091 )
At 30 September 2024 19,124 122,100 141,224

Other reserves comprise the accumulated fund of South Caernarvonshire Yacht Club (an unincorporated body). The company acquired the assets of the club on 1 October 1984.

Under the Articles of Association of the company, the Members of the Council of Management regard the income and expenditure account and the other reserves as not being distributable to members.