Portsmouth Naval Gliding Centre

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08111423

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		371,767		385,749

			371,767		385,749
CURRENT ASSETS
Stocks	5	1,954		2,210
Debtors	6	15,920		14,720
Cash at bank and in hand		8,777		15,823

		26,651		32,753
Creditors: Amounts Falling Due Within One Year	7	(20,668 )		(25,567 )

NET CURRENT ASSETS (LIABILITIES)			5,983		7,186

TOTAL ASSETS LESS CURRENT LIABILITIES			377,750		392,935

Creditors: Amounts Falling Due After More Than One Year	8		(67,500 )		(70,000 )

NET ASSETS			310,250		322,935

Income and Expenditure Account			310,250		322,935

MEMBERS' FUNDS			310,250		322,935

Page 1

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Portsmouth Naval Gliding Centre

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Tony World

Director

19/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Portsmouth Naval Gliding Centre is a private company, limited by guarantee, incorporated in England & Wales, registered number 08111423 . The registered office is Field View, Peach Grove, Palestine, Andover, Hants, SP11 7EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Leasehold	Nil
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	82,227	333,617	415,844

As at 31 August 2025	82,227	333,617	415,844

Depreciation
As at 1 September 2024	30,095	-	30,095
Provided during the period	13,982	-	13,982

As at 31 August 2025	44,077	-	44,077

Net Book Value
As at 31 August 2025	38,150	333,617	371,767

As at 1 September 2024	52,132	333,617	385,749

5. Stocks

	2025	2024
	£	£
Materials	1,954	2,210

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Portsmouth Naval Gliding Centre

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	15,920	14,720

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	20,668	25,567

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Capital grants	67,500	70,000

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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