Runcorn_Rowing_Club_Limited_31_Mar_2025_companies_house_set_of

Runcorn Rowing Club Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	426,247		407,650
Current assets
Stocks		2,310		2,310
Debtors	6	5,256		4,268
Cash at bank and in hand		89,759		81,458
		97,325		88,036
Creditors: amounts falling due within one year	7	(6,161	)	(6,736	)
Net current assets		91,164		81,300
Total assets less current liabilities		517,411		488,950
Creditors: amounts falling due after more than one year	8	(5,000	)	-
Net assets		512,411		488,950
Capital and reserves
Other reserves		37,180		22,914
Profit and loss account		475,231		466,036
Shareholders funds		512,411		488,950

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

12 December 2025

, and are signed on behalf of the board by:

J Hamer

Director

Company registration number:

10707050

Runcorn Rowing Club Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

5, Sinderland Road

Broadheath

Altrincham

WA14 5EU

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Development Project Accounting Policy

Development Project and Capital

Expenditure Expenditure incurred on the construction or significant enhancement of the Club’s facilities is treated as capital expenditure. Costs directly attributable to the development project, including construction costs and professional fees, are capitalised as work in progress until the project is completed, at which point they are transferred to freehold/leasehold buildings and depreciated over their useful economic lives. Restricted Funds Restricted funds (Other reserves) represent income received for specific purposes as defined by the donor or funder. Restricted income relating to the development project is recognised when receivable. As development expenditure is incurred, an equivalent amount is transferred from the restricted fund (Other reserves) to the general fund (Profit and loss account) to reflect the application of restricted income towards capital assets. Restricted funds (other reserves) represent unspent restricted income and do not represent cash balances.

General (Unrestricted) Funds (Profit and loss account)

The general fund represents unrestricted income and reserves available for the ongoing activities of the Club. Transfers from restricted funds in respect of development expenditure are credited to the general fund (Profit and loss account).

Development Loans

Loans received in connection with the development project are recognised as liabilities and measured at amortised cost. Loan proceeds are not treated as income and do not form part of restricted or general funds. Loan repayments reduce the outstanding liability, and interest is charged to expenditure as incurred.

Bank Accounts

The Club may operate a separate bank account for the development project for administrative purposes. The existence of a separate bank account does not determine the classification of funds, which is governed by the nature of the underlying income and expenditure.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2024	342,125	154,707	496,832
Additions	26,130	6,965	33,095
At 31 March 2025	368,255	161,672	529,927
Depreciation
At 1 April 2024	-	89,182	89,182
Charge	-	14,498	14,498
At 31 March 2025	-	103,680	103,680
Carrying amount
At 31 March 2025	368,255	57,992	426,247
At 31 March 2024	342,125	65,525	407,650

Included in Land and Buildings is the New Boat House development cost to date of 26,130. This project is currently a work in progress.

6 Debtors

	2025		2024
	£		£
Other debtors	5,256		4,268

7 Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	6,161		6,736

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	5,000		-