Company No: 14517853 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Current assets
Debtors	3	21,225		18,162
Cash at bank and in hand		353,945		359,096
		375,170		377,258
Creditors: amounts falling due within one year	4	( 8,692)		( 34,641)
Net current assets		366,478		342,617
Total assets less current liabilities		366,478		342,617
Net assets		366,478		342,617
Reserves
Other reserves		366,478		342,617
Total reserves		366,478		342,617

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of International 29ER Class Association Ltd (registered number: 14517853) were approved and authorised for issue by the Board of Directors on 08 April 2025. They were signed on its behalf by:

Mr D Campbell-James Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

International 29ER Class Association Ltd (the Company) is a private company, limited by guarantee and operates on a not for profit basis. Every year any surplus funds are reinvested into the class to promote the class as a whole. The Company is incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the Company and rounded to the nearest €.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

2. Employees

	Year ended 31.12.2024		Period from 01.12.2022 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	21,225		18,162

4. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	2,295		13,579
Taxation and social security	1,038		0
Other creditors	5,359		21,062
	8,692		34,641