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REGISTERED NUMBER: 00168571 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ROYAL BURNHAM YACHT CLUB LIMITED

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)






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




Page

Company Information 1

Chartered Certified Accountant's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ROYAL BURNHAM YACHT CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Herring
M Bush
A Shephard
D Smith
E Robinson
V Root
M Mckechnie





SECRETARY: R A Haley





REGISTERED OFFICE: The Quay
Burnham-on-Crouch
Essex
CM0 8AU





REGISTERED NUMBER: 00168571 (England and Wales)





ACCOUNTANT: Lescott Courts Limited
Chartered Certified Accountants
49 High Street
Burnham on Crouch
Essex
CM0 8AG

CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROYAL BURNHAM YACHT CLUB LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Royal Burnham Yacht Club Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Royal Burnham Yacht Club Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Royal Burnham Yacht Club Limited and state those matters that I have agreed to state to the Board of Directors of Royal Burnham Yacht Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Royal Burnham Yacht Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Royal Burnham Yacht Club Limited. You consider that Royal Burnham Yacht Club Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Royal Burnham Yacht Club Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Lescott Courts Limited
Chartered Certified Accountants
49 High Street
Burnham on Crouch
Essex
CM0 8AG


24 January 2025

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,121 446,335
Investments 5 363,931 332,706
814,052 779,041

CURRENT ASSETS
Stocks 16,259 13,549
Debtors 6 37,028 31,441
Cash at bank and in hand 117,821 5,814
171,108 50,804
CREDITORS
Amounts falling due within one year 7 130,724 149,601
NET CURRENT ASSETS/(LIABILITIES) 40,384 (98,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,436

680,244

CREDITORS
Amounts falling due after more than one
year

8

188,418

200,908
NET ASSETS 666,018 479,336

RESERVES
Other reserves 31,811 34,854
Income and expenditure account 634,207 444,482
666,018 479,336

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.

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

BALANCE SHEET - continued
30 SEPTEMBER 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 24 January 2025 and were signed on its behalf by:





D Smith - Director


ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

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

1. STATUTORY INFORMATION

Royal Burnham 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.

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

Subscriptions income is recognised on the basis that reflects the timing, nature and value of benefits provided to members.

Bar and restaurant sales are recognised at the point of sales.

Members functions are accounted for on the date of the event.

Accommodation income is recognised at the date of rental due to cancellation clauses.

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 - 2% on cost
Plant and machinery etc - 20% on cost and 10% on cost

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.

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.

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

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

2. ACCOUNTING POLICIES - continued

Rbyc endowment fund
The RBYC Endowment fund total is £363,931 (2023 : £337,675).

Other operating income
2024 2023
Members' donations £6,190 £6,190

Donations totalling £30,950 were received from members during 2022. These monies were spent on the upgrade of the kitchen and for new beds in the hotel accommodation. This expenditure is of capital nature and is being depreciated over 5 years. Hence the donations are being treated as deferred income and spread over 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 252,316 569,252 821,568
Additions - 41,040 41,040
At 30 September 2024 252,316 610,292 862,608
DEPRECIATION
At 1 October 2023 138,102 237,131 375,233
Charge for year 6,229 31,025 37,254
At 30 September 2024 144,331 268,156 412,487
NET BOOK VALUE
At 30 September 2024 107,985 342,136 450,121
At 30 September 2023 114,214 332,121 446,335

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 332,706
Additions 106,635
Disposals (75,410 )
At 30 September 2024 363,931
NET BOOK VALUE
At 30 September 2024 363,931
At 30 September 2023 332,706

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,690 25,082
Other debtors 5,338 6,359
37,028 31,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,444
Trade creditors 17,412 11,483
Taxation and social security 15,606 31,270
Other creditors 97,706 102,404
130,724 149,601

Included in other creditors are deferred annual members subscriptions and donations at the year-end were £60,737 (2023: £51,540) are not repayable. In accordance with the accounting policy, they are recognised over the period in which they relate. Deferred members donations £6,190 (2023 : £6,390) see notes 2 and 9.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 188,418 200,908

20242023
££
Deferred Members' donations6,19012,980
Members loans165,000174,000
Interest payable at maturity17,22713,927
188,417200,907

Deferred members donations were received during 2022. These monies were spent on the upgrade of the kitchen and for new beds in the hotel accommodation. These donations are being written off in line with amortisation of the capitalised expenditure over 5 years.

Members loans and accrued interest; In 2019 members loaned the club funds to rebuild the pontoon. The loans are repayable 2028 with interest accrued by the club an payable at maturity.

9. LIMITED BY GUARANTEE

The company is limited by guarantee of members and does not have a share capital. As per section 7 of the articles of association, each members liability is restricted to £1 within one year of ceasing to be a member.