REGISTERED NUMBER: 04102591 (England and Wales)

LICHFIELD CRUISING CLUB 2000 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B Collett

Ms J Hartshorne

Mr R D A Smyth

Ms S M Swain

Ms J Surplice

Mr P J Cownley

Mr J E Hancox

Mrs L J Barton

SECRETARY:

Mr A Wright

REGISTERED OFFICE:

Canal Cottages

Huddlesford Junction

Lichfield

Staffordshire

WS13 8PX

REGISTERED NUMBER:

04102591 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

College House

St Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

894,748

892,614

CURRENT ASSETS

Stocks

5

5,472

6,710

Debtors

6

12,913

12,207

Cash at bank

136,266

109,623

154,651

128,540

CREDITORS

Amounts falling due within one year

7

23,323

19,850

NET CURRENT ASSETS

131,328

108,690

TOTAL ASSETS LESS CURRENT LIABILITIES

1,026,076

1,001,304

RESERVES

Income and expenditure account

8

1,026,076

1,001,304

1,026,076

1,001,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2025 and were signed on its behalf by:

Mr B Collett - Director

1.	STATUTORY INFORMATION

Lichfield Cruising Club 2000 Limited 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.

The club's financial statements are individual entity financial statements.

The club's financial statements are presented in sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents fees from mooring, entrance, membership subscription, licences and sales from bar, diesel, calor gas, social functions, gatherings, lotteries, coach trips, caravan rally sales and donations made during the year. Turnover is stated at gross values and other income is accounted for on receipt basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and build

-

not provided for

Improvements to property

-

10% on reducing balance

Long term fixtures

-

10% on reducing balance

Medium term fixtures

-

15% on reducing balance

Short term fixtures

-

25% on reducing balance

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

land and

to

Long term

build

property

fixtures

£

£

£

COST

At 1 October 2024

850,000

8,640

51,764

Additions

-

-

7,170

Disposals

-

-

(1,700

)

At 30 September 2025

850,000

8,640

57,234

DEPRECIATION

At 1 October 2024

-

5,992

22,581

Charge for year

-

265

3,569

Eliminated on disposal

-

-

(1,041

)

At 30 September 2025

-

6,257

25,109

NET BOOK VALUE

At 30 September 2025

850,000

2,383

32,125

At 30 September 2024

850,000

2,648

29,183

Medium

Short

term

term

fixtures

fixtures

Totals

£

£

£

COST

At 1 October 2024

24,308

8,148

942,860

Additions

2,412

746

10,328

Disposals

(1,563

)

(853

)

(4,116

)

At 30 September 2025

25,157

8,041

949,072

DEPRECIATION

At 1 October 2024

15,084

6,589

50,246

Charge for year

1,525

533

5,892

Eliminated on disposal

(94

)

(679

)

(1,814

)

At 30 September 2025

16,515

6,443

54,324

NET BOOK VALUE

At 30 September 2025

8,642

1,598

894,748

At 30 September 2024

9,224

1,559

892,614

5.

STOCKS

2025

2024

£

£

Stocks

5,472

6,710

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

12,913

12,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,456

2,099

Accruals and deferred income

13,867

17,751

23,323

19,850

8.

RESERVES

Income

and

expenditure

account

£

At 1 October 2024

1,001,304

Surplus for the year

24,772

At 30 September 2025

1,026,076

9.	COMPANY STATUS

Lichfield cruising club 2000 is a company limited by guarantee, the liability of the members being limited to £10 each according to memorandum of association.