REGISTERED NUMBER: 11321637 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BRIXHAM YACHT CLUB

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Rogers

Mr D Krumm

Mr P Lytton

Mr M H Smith

Mr R W Spreckley

REGISTERED OFFICE:

Brixham Yacht Club

Overgang Road

Brixham

Devon

TQ5 8AR

REGISTERED NUMBER:

11321637 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Tangible assets

4

37,149

42,963

CURRENT ASSETS

Stocks

5

6,576

6,656

Debtors

6

15,668

9,135

Cash at bank and in hand

162,811

178,829

185,055

194,620

CREDITORS

Amounts falling due within one year

7

57,312

57,787

NET CURRENT ASSETS

127,743

136,833

TOTAL ASSETS LESS CURRENT LIABILITIES

164,892

179,796

CREDITORS

Amounts falling due after more than one year

8

38,125

38,125

NET ASSETS

126,767

141,671

RESERVES

Income and expenditure account

126,767

141,671

126,767

141,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Mr R W Spreckley - Director

Mr P Lytton - Director

Mr M Rogers - Director

Mr M H Smith - Director

Mr D Krumm - Director

1.	STATUTORY INFORMATION

Brixham Yacht Club 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.

Bar Equipment

-

15% on cost

Fixtures and fittings

-

25% on reducing balance

Sailing Equipment

-

15% on cost

Trophies and Artifacts

-

Nil

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 10 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Trophies

Bar

and

Sailing

and

Equipment

fittings

Equipment

Artifacts

Totals

£

£

£

£

£

COST

At 1 September 2024

7,141

32,427

27,198

25,500

92,266

Additions

1,110

-

-

-

1,110

Disposals

-

-

(1,499

)

-

(1,499

)

At 31 August 2025

8,251

32,427

25,699

25,500

91,877

DEPRECIATION

At 1 September 2024

5,069

22,848

21,386

-

49,303

Charge for year

1,118

2,395

2,362

-

5,875

Eliminated on disposal

-

-

(450

)

-

(450

)

At 31 August 2025

6,187

25,243

23,298

-

54,728

NET BOOK VALUE

At 31 August 2025

2,064

7,184

2,401

25,500

37,149

At 31 August 2024

2,072

9,579

5,812

25,500

42,963

5.

STOCKS

2025

2024

£

£

Stocks

6,576

6,656

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,570

1,820

Other debtors

2,518

1,342

Prepayments

11,580

5,973

15,668

9,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

15,286

11,237

Tax

2,189

2,344

Social security and other taxes

1,069

616

VAT

5,275

7,280

Other creditors

30,128

33,156

Accrued expenses

3,365

3,154

57,312

57,787

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

BYC Land Club donation

38,125

38,125

9.	RELATED PARTY DISCLOSURES

During the period Brixham Yacht Club had use of the property owned by BYC Land Club rent free.

10.	INSURANCE CLAIMS

Within other creditors is £4,643 received for an insurance claim against the pontoon damage. This amount will be carried forward to next year and matched against the upcoming repair costs.