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REGISTERED NUMBER: 02596421 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HAVERSHAM SAILING CLUB LIMITED

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HAVERSHAM SAILING CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: R J Pakes
Mrs A E Miles
O J Anderson
P J Pakes
A P Stainsby





SECRETARY: R J Pakes





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 02596421 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
MK17 8RF

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,584 213,744

CURRENT ASSETS
Stocks 1,198 2,611
Debtors 5 4,459 3,152
Cash at bank and in hand 68,697 69,568
74,354 75,331
CREDITORS
Amounts falling due within one year 6 52,715 41,393
NET CURRENT ASSETS 21,639 33,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,223

247,682

RESERVES
Income and expenditure account 254,223 247,682
254,223 247,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th July 2025 and were signed on its behalf by:




R J Pakes - Director



P J Pakes - Director


HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Haversham Sailing 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 consists of membership fees, bar surplus and sundry fundraising activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on cost
Improvements to property - 20% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Boats & trailers - 25% 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.

Taxation
The club is a registered Community Amateur Sports Club which exists only for the benefit of its members. All income and gains are applied for charitable and qualifying purposes only and as such it is exempt from corporation tax.

Government grants
Milton Keynes Council has provided a grant for the purchase and installation of solar panels at Haversham Sailing club. The grant is released to the profit and loss account over the estimated useful life of 25 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property Buildings property
£    £    £   
COST
At 1st April 2024 131,345 50,000 30,225
Additions - - -
Disposals - - -
At 31st March 2025 131,345 50,000 30,225
DEPRECIATION
At 1st April 2024 - 28,000 27,402
Charge for year - 1,000 1,042
Eliminated on disposal - - -
At 31st March 2025 - 29,000 28,444
NET BOOK VALUE
At 31st March 2025 131,345 21,000 1,781
At 31st March 2024 131,345 22,000 2,823

Fixtures
Plant and and Boats &
machinery fittings trailers Totals
£    £    £    £   
COST
At 1st April 2024 - 61,292 150,331 423,193
Additions 21,600 987 19,590 42,177
Disposals - (630 ) (28,828 ) (29,458 )
At 31st March 2025 21,600 61,649 141,093 435,912
DEPRECIATION
At 1st April 2024 - 48,965 105,082 209,449
Charge for year 452 3,284 9,257 15,035
Eliminated on disposal - (614 ) (20,542 ) (21,156 )
At 31st March 2025 452 51,635 93,797 203,328
NET BOOK VALUE
At 31st March 2025 21,148 10,014 47,296 232,584
At 31st March 2024 - 12,327 45,249 213,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 4,459 3,152

HAVERSHAM SAILING CLUB LIMITED (REGISTERED NUMBER: 02596421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 157 90
Other creditors 52,558 41,303
52,715 41,393