Company Registration No. 12137667 (England and Wales)
Lincoln Canoe Club Limited
Unaudited accounts
for the year ended 31 August 2025
Lincoln Canoe Club Limited
Unaudited accounts
Contents
Lincoln Canoe Club Limited
Company Information
for the year ended 31 August 2025
Directors
Kevin John Lack
Phillip Charles Marshall
Daniel Brian Marsland
Company Number
12137667 (England and Wales)
Registered Office
5 Kexby Mill Close
North Hykeham
Lincoln
Lincolnshire
LN6 9TB
United Kingdom
Lincoln Canoe Club Limited
Statement of financial position
as at 31 August 2025
Tangible assets
42,424
49,333
Cash at bank and in hand
66,086
66,502
Creditors: amounts falling due within one year
(4,559)
(5,647)
Net current assets
61,527
60,855
Net assets
103,951
110,188
Profit and loss account
103,951
110,188
Members' funds
103,951
110,188
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2025 and were signed on its behalf by
Phillip Charles Marshall
Director
Company Registration No. 12137667
Lincoln Canoe Club Limited
Notes to the Accounts
for the year ended 31 August 2025
Lincoln Canoe Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 12137667. The registered office is 5 Kexby Mill Close, North Hykeham, Lincoln, Lincolnshire, LN6 9TB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of annual memberships and subscriptions is recognised on a pro-rata basis, accounting for the proportion of the fee relevant to the accounting period. Annual memberships run from April to March.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
(Equipment) 15% reducing balance
4
Tangible fixed assets
Plant & machinery
At 1 September 2024
81,246
At 1 September 2024
31,913
Lincoln Canoe Club Limited
Notes to the Accounts
for the year ended 31 August 2025
5
Creditors: amounts falling due within one year
2025
2024
Deferred income
3,421
5,263
Deferred income relates to prepaid memberships fees.
6
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).