REGISTERED NUMBER: 01634512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE YACHT HARBOUR ASSOCIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S C Arber

J M Cervenka

J Dyke

S N Haigh

P K C Simpson

R-M E Vleugels

C R Watts

SECRETARY:

J C White

REGISTERED OFFICE:

Tagus House

9 Ocean Way

Southampton

Hampshire

SO14 3TJ

REGISTERED NUMBER:

01634512 (England and Wales)

FIXED ASSETS

Tangible assets

5

1,119

1,502

CURRENT ASSETS

Stocks

3,000

4,750

Debtors

6

114,483

100,724

Cash at bank

134,233

122,228

251,716

227,702

CREDITORS

Amounts falling due within one year

7

121,820

105,827

NET CURRENT ASSETS

129,896

121,875

TOTAL ASSETS LESS CURRENT LIABILITIES

131,015

123,377

RESERVES

Income and expenditure account

131,015

123,377

131,015

123,377

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 19 June 2025 and were signed on its behalf by:

S C Arber - Director

1.	STATUTORY INFORMATION

The Yacht Harbour Association 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Income

Income 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 each asset over its estimated useful life.

Office Equipment

-

25% straight line

All fixed assets are initially recorded at 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

The company is exempt from corporation tax on its trading activities, it being a company not carrying on a business for the purposes of making a profit. The company is, however, liable to pay corporation tax on any investment income received.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 July 2023

and 30 June 2024

1,534

DEPRECIATION

At 1 July 2023

32

Charge for year

383

At 30 June 2024

415

NET BOOK VALUE

At 30 June 2024

1,119

At 30 June 2023

1,502

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

93,193

81,775

Other debtors

21,290

18,949

114,483

100,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,815

5,135

Other creditors

114,005

100,692

121,820

105,827

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions where the transactions have been undertaken under normal market conditions.

9.	MEMBERS' LIABILITY

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of the company being wound up.