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REGISTERED NUMBER: 00974308 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DRAYCOTE WATER SAILING CLUB LIMITED

DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRAYCOTE WATER SAILING CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: W J Whittaker
C Silver
R J Warren
P Huett
R M Botting
S L Clark
S W Odling
C Mulhall
R M Astley
M S Blackmur





REGISTERED OFFICE: Draycote Water
Kites Hardwick
Nr. Rugby
Warwickshire
CV23 8AB





REGISTERED NUMBER: 00974308 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,726 89,213
Investments 5 1 1
78,727 89,214

CURRENT ASSETS
Debtors 6 400,426 346,119
Cash at bank 155,919 125,036
556,345 471,155
CREDITORS
Amounts falling due within one year 7 71,983 73,436
NET CURRENT ASSETS 484,362 397,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,089

486,933

CREDITORS
Amounts falling due after more than one
year

8

10,601

10,686
NET ASSETS 552,488 476,247

RESERVES
Pre Incorporation surplus 9 6,621 6,621
Retained earnings 9 545,867 469,626
MEMBERS' FUNDS 552,488 476,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 28 July 2025 and were signed on its behalf by:




P Huett - Director


DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Draycote Water 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 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.
Improvements to property - in accordance with the property
Machinery, sailing, training and rescue
equipment

-

25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Taxation
Advantage is taken of the corporation tax exemptions applicable to Community Amateur Sports Clubs.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Machinery,
sailing,
training
Improvements and
Long to rescue
leasehold property equipment
£    £    £   
COST
At 1 April 2024 94,806 148,076 12,586
Additions - - 5,106
At 31 March 2025 94,806 148,076 17,692
DEPRECIATION
At 1 April 2024 85,293 79,214 9,242
Charge for year 595 11,477 2,584
At 31 March 2025 85,888 90,691 11,826
NET BOOK VALUE
At 31 March 2025 8,918 57,385 5,866
At 31 March 2024 9,513 68,862 3,344

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024 9,368 19,727 284,563
Additions - - 5,106
At 31 March 2025 9,368 19,727 289,669
DEPRECIATION
At 1 April 2024 1,874 19,727 195,350
Charge for year 937 - 15,593
At 31 March 2025 2,811 19,727 210,943
NET BOOK VALUE
At 31 March 2025 6,557 - 78,726
At 31 March 2024 7,494 - 89,213

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

DWSC Trading Limited
Registered office: Draycote Water, Kites Hardwick, Rugby, CV23 8AB
Nature of business: Sailing courses and related activities.
%
Class of shares: holding
Ordinary 100.00
2025 2024
£    £   
Aggregate capital and reserves (251,439 ) (180,832 )
Loss for the year (70,607 ) (16,801 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 27,633 30,977
After date invoice provision - 2,014
Amounts owed by group undertakings 372,793 313,128
400,426 346,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 12,080 13,454
Social security and other taxes 3,894 3,676
Other creditors 1,037 1,037
Income received in advance 46,568 45,302
Accrued expenses 5,240 3,237
Deferred grants 3,164 6,730
71,983 73,436

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Deferred grants 10,601 10,686

9. RESERVES
Pre
Retained Incorporation
earnings surplus Totals
£    £    £   

At 1 April 2024 469,626 6,621 476,247
Profit for the year 76,241 76,241
At 31 March 2025 545,867 6,621 552,488

10. CAPITAL COMMITMENTS

The company has received capital grants in the year of £4,103 plus from previous years amounts totalling £69,000 of which £13,765 (2023 £24,146) is included in creditors as deferred income. The grants have various conditions attached to them and a breach of these conditions may result in the grants becoming repayable.

DRAYCOTE WATER SAILING CLUB LIMITED (REGISTERED NUMBER: 00974308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


11. CONTROLLING PARTY

The ultimate controlling party is the board of directors.