Oxford Sailing Club - Filleted accounts

Registered number

04083968

Oxford Sailing Club

Filleted Accounts

31 March 2025

Oxford Sailing Club
Registered number:		04083968
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		214,562			222,295

Current assets
Stocks		6,528			6,528
Debtors	4	4,397			2,792
Cash at bank and in hand		155,735			156,414
		166,660			165,734

Creditors: amounts falling due within one year	5	(53,157)			(77,888)

Net current assets			113,503			87,846

Net assets			328,065			310,141

Capital and reserves
Revaluation reserve	6		(185,100)			(185,100)
Profit and loss account			513,165			495,241

Shareholder's funds			328,065			310,141

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D J Oughton
Director
Approved by the board on 5 October 2025

Oxford Sailing Club
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		13


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	101,042		215,008		316,050
	Additions	-		16,634		16,634
	Disposals	-		(14,025)		(14,025)
	At 31 March 2025	101,042		217,617		318,659

	Depreciation
	At 1 April 2024	37,535		56,220		93,755
	Charge for the year	4,234		6,258		10,492
	On disposals	-		(150)		(150)
	At 31 March 2025	41,769		62,328		104,097

	Net book value
	At 31 March 2025	59,273		155,289		214,562
	At 31 March 2024	63,507		158,788		222,295


4	Debtors			2025		2024
£					£

	Trade debtors			2,426		904
	Other debtors			1,971		1,888
				4,397		2,792


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Advance subscriptions			33,854		41,889
	Deposits held			10,619		10,749
	Trade creditors			-		4,000
	Taxation and social security costs			1,271		601
	Other creditors			7,413		20,649
				53,157		77,888


6	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			(185,100)		(185,100)

	At 31 March 2025			(185,100)		(185,100)


7	Other information

	Oxford Sailing Club is a private company limited by guarantee and incorporated in England. Its registered office is:
	Temperance House
	Langdon Lane
	Radway
	Warwickshire
	CV35 0UQ