The Keswick Bridge Owners' Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05326653 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Keswick Bridge Owners' Club Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,977

7,969

Investments

5

100

6,077

8,069

CURRENT ASSETS

Debtors

6

38,792

181,702

Cash at bank and in hand

640,016

756,877

678,808

938,579

CREDITORS

Amounts falling due within one year

7

(503,898

)

(652,999

)

NET CURRENT ASSETS

174,910

285,580

TOTAL ASSETS LESS CURRENT LIABILITIES

180,987

293,649

CREDITORS

Amounts falling due after more than one
year

8

-

(171,460

)

NET ASSETS

180,987

122,189

RESERVES

Members reserve

9

180,987

122,189

180,987

122,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 September 2025 and were signed on its behalf by:

Ms L A Rowntree - Director

1.	STATUTORY INFORMATION

The Keswick Bridge Owners' 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:

05326653

Registered office:

The Management Lodge

Keswick Bridge Time Share

Brundholme Road

Keswick

Cumbria

CA12 4NL

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 net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to raising a fee for the services provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses

recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary companies relates to 100% of the issued share capital of KT Management Limited, a company incorporated in England and Wales.

Taxation

Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

1,769

7,969

9,738

DEPRECIATION

At 1 January 2024

1,769

-

1,769

Charge for year

-

1,992

At 31 December 2024

1,769

1,992

3,761

NET BOOK VALUE

At 31 December 2024

-

5,977

At 31 December 2023

-

7,969

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

688

86,382

Amounts owed by group undertakings

-

65,716

Other debtors

38,104

29,604

38,792

181,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

7,030

1,589

Amounts owed to group undertakings

656

-

Corporation tax

2,885

-

Taxation and social security

3,610

79,193

Sinking Fund

151,853

181,000

Pension creditor

523

-

Management fees in advance

313,556

373,390

Accruals and deferred income

23,785

17,827

503,898

652,999

The sinking fund reserve is included in other creditors to reflect the nature of the reserve.

The value of the sinking fund included in creditors is covered by cash in the bank.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Sinking fund

-

171,460

9.

RESERVES

Members reserve

The reserve represents cumulative profits and losses available for distribution to members upon the

termination of the management agreement in 2067.

Distribution

The Members Reserve and Sinking Fund reserves are both eligible for distribution as per Clauses 98.1 and 98.2 of the Company's Constitution

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the small group exemptions not to disclose transactions with

wholly owned subsidiaries.

The company has not produced consolidated financial statements as it forms part of a small group.