| Walton and Frinton Yacht Club Trading Limited |
| Registered number: |
11671916 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
- |
|
|
4,552 |
| Cash at bank and in hand |
|
|
24,041 |
|
|
1,387 |
|
|
|
24,041 |
|
|
5,939 |
|
| Creditors: amounts falling due within one year |
4 |
|
(19,306) |
|
|
(1,204) |
|
| Net current assets |
|
|
|
4,735 |
|
|
4,735 |
|
| Net assets |
|
|
|
4,735 |
|
|
4,735 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
4,734 |
|
|
4,734 |
|
| Shareholders' funds |
|
|
|
4,735 |
|
|
4,735 |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
|
|
| T N Blake |
| Director |
| Approved by the board on 17 December 2025 |
|
| Walton and Frinton Yacht Club Trading Limited |
| Notes to the Accounts |
| for the year ended 30 September 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Going Concern |
|
The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Distributions of profits |
|
In accordance with the company articles, the company's taxable profits for the year of £34,720 (2024:23,497) have been distributed in favour of The Walton and Frinton Yacht Club Limited |
|
|
Exemption from preparing consolidated financial statements |
|
The company qualify as small as set out in section 383 of the Companies Act 2006. Therefore the comapny and the parent company are considered eligible for the exemption to prepare consolidated accounts. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
4,551 |
|
Other debtors |
- |
|
1 |
|
|
|
|
|
|
- |
|
4,552 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
242 |
|
172 |
|
Other creditors |
19,064 |
|
1,032 |
|
|
|
|
|
|
19,306 |
|
1,204 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
In the year £108,789 (2024: £147,057) costs were recharged from the Walton and Frinton Yacht Club Limited to the company.
At the year end a balance of £17,664 (2024:£4,552 due to the company) was owed to Walton and Frinton Yacht Club Limited. |
|
| 6 |
Controlling party |
|
|
Walton and Frinton Yacht Club Limited owns 100% of the shareholdings of the company, the registered office of the company is Mill Lane, Walton On The Naze, Essex, CO14 8PF. The parent company is limited by guarantee. |
|
|
| 7 |
Other information |
|
|
Walton and Frinton Yacht Club Trading Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Walton and Frinton Yacht Club |
|
Mill Lane |
|
Walton On The Naze |
|
Essex |
|
CO14 8PF |