REGISTERED NUMBER: 01468822 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE DRIFFIELD NAVIGATION TRUST

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R F Gooch

J W Scholey

J R Jefferson

P Markham

M D Artley

D S Taylor

R Hood

S Artley

J F Sutton

T R Jarvis

C Bennett

R Beevers

C A Arnott

C Askin

A Hall

Mrs J Hall

C Jordan

K Davies

M Askin

T Foreman

L R Sutcliffe

M Shepherdson

D P Backhouse

SECRETARY:

Mrs G S M Simpson

REGISTERED OFFICE:

57 Main Street

Cranswick

Driffield

East Yorkshire

YO25 9QN

REGISTERED NUMBER:

01468822 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

4

64,070

67,065

CURRENT ASSETS

Debtors

5

148

301

Cash at bank

264,588

58,637

264,736

58,938

CREDITORS

Amounts falling due within one year

6

716

578

NET CURRENT ASSETS

264,020

58,360

TOTAL ASSETS LESS CURRENT LIABILITIES

328,090

125,425

RESERVES

Restricted funds

19,000

19,000

Income and expenditure account

309,090

106,425

328,090

125,425

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 19 September 2025 and were signed on its behalf by:

J W Scholey - Director

P Markham - Director

1.	STATUTORY INFORMATION

The Driffield Navigation Trust 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.

Plant and machinery etc

-

12.5% on reducing balance and 4% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

53,224

23,160

76,384

DEPRECIATION

At 1 January 2024

3,192

6,127

9,319

Charge for year

1,064

1,931

2,995

At 31 December 2024

4,256

8,058

12,314

NET BOOK VALUE

At 31 December 2024

48,968

15,102

64,070

At 31 December 2023

50,032

17,033

67,065

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

148

301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

716

578

7.	RELATED PARTY DISCLOSURES