0 0 Shalbourne Soaring Society Limited 03471588 false 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is that of gliding club. Digita Accounts Production Advanced 6.30.9574.0 true 03471588 2024-10-01 2025-09-30 03471588 2025-09-30 03471588 core:CurrentFinancialInstruments 2025-09-30 03471588 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 03471588 bus:SmallEntities 2024-10-01 2025-09-30 03471588 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 03471588 bus:FilletedAccounts 2024-10-01 2025-09-30 03471588 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03471588 bus:RegisteredOffice 2024-10-01 2025-09-30 03471588 bus:Director1 2024-10-01 2025-09-30 03471588 bus:Director5 2024-10-01 2025-09-30 03471588 bus:Director6 2024-10-01 2025-09-30 03471588 bus:Director7 2024-10-01 2025-09-30 03471588 bus:CompanyLimitedByGuarantee 2024-10-01 2025-09-30 03471588 bus:Agent1 2024-10-01 2025-09-30 03471588 core:PlantMachinery 2024-10-01 2025-09-30 03471588 core:Vehicles 2024-10-01 2025-09-30 03471588 countries:EnglandWales 2024-10-01 2025-09-30 03471588 2023-10-01 2024-09-30 03471588 2024-09-30 03471588 core:CurrentFinancialInstruments 2024-09-30 03471588 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 xbrli:pure iso4217:GBP

Registration number: 03471588

Shalbourne Soaring Society Limited
(A company limited by guarantee)
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Shalbourne Soaring Society Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 4

Shalbourne Soaring Society Limited

Company Information

Directors | P C Morgan M R Hoskins R J G Dann G Brind

Registered office | Wessex Place 127 High Street Hungerford Berkshire RG17 0DL

Accountants | EJBC Chartered Accountants 2 Toomers Wharf Canal Walk Newbury Berkshire RG14 1DY

Shalbourne Soaring Society Limited

(Registration number: 03471588)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets |  | 11,076 | 10,659
Current assets |  |  |
Stocks |  | 2,100 | 2,100
Debtors |  | 1,234 | 1,122
Cash at bank and in hand |  | 28,775 | 19,692
|  | 32,109 | 22,914
Creditors: Amounts falling due within one year |  | (21,827) | (20,604)
Net current assets |  | 10,282 | 2,310
Net assets |  | 21,358 | 12,969
Reserves |  |  |
Retained earnings |  | 21,358 | 12,969
Surplus |  | 21,358 | 12,969

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 13 March 2026 and signed on its behalf by:

......................................... R J G Dann Director

Shalbourne Soaring Society Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Shalbourne Soaring Society Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).