| REGISTERED NUMBER: |
| Mylor Yacht Club Limited |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2025 |
| REGISTERED NUMBER: |
| Mylor Yacht Club Limited |
| Unaudited Financial Statements |
| for the Year Ended 30th September 2025 |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Contents of the Financial Statements |
| for the Year Ended 30th September 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Mylor Yacht Club Limited |
| Company Information |
| for the Year Ended 30th September 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 48 Arwenack Street |
| Falmouth |
| Cornwall |
| TR11 3JH |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Statement of Financial Position |
| 30th September 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account | 10 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Notes to the Financial Statements |
| for the Year Ended 30th September 2025 |
| 1. | STATUTORY INFORMATION |
| Mylor Yacht Club Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| These financial statements cover a single entity. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns and discounts and value added taxes. |
| The company recognises turnover when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably and (d) it is probable that future economic benefits will flow to the entity. |
| Where turnover relates to the provision of services, it is recognised when the services have been provided. Where the services are to be carried out over time the turnover is recognised on a straight line basis over the duration of the agreement. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Rescue boat and engine | - |
| Fixtures and fittings | - |
| Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to sell. Stocks are recognised as an expenses in the period in which the related turnover is recognised. |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current 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 statement of financial position date. |
| 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. |
| Financial instruments |
| The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. |
| (i) Financial assets |
| Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest. |
| (ii) Financial liabilities |
| Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Website |
| £ |
| COST |
| At 1st October 2024 |
| and 30th September 2025 |
| AMORTISATION |
| At 1st October 2024 |
| Amortisation for year |
| At 30th September 2025 |
| NET BOOK VALUE |
| At 30th September 2025 |
| At 30th September 2024 |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Rescue | Fixtures |
| boat and | and |
| engine | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2024 |
| Additions |
| At 30th September 2025 |
| DEPRECIATION |
| At 1st October 2024 |
| Charge for year |
| At 30th September 2025 |
| NET BOOK VALUE |
| At 30th September 2025 |
| At 30th September 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| VAT | 2 | 1,911 |
| Other creditors |
| Accruals and deferred income |
| Mylor Yacht Club Limited (Registered number: 13269868) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2025 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| These operating lease commitments relate to the rental of premises (£950,400) and moorings fundus (£1,050). During the year, lease payments of £30,600 have been recognised as an expense within the Income and Expenditure Account |
| 10. | RESERVES |
| Income |
| and |
| expenditur |
| account |
| £ |
| At 1st October 2024 |
| Surplus for the year |
| At 30th September 2025 |