IRIS Accounts Production v26.1.10.61 14957451 Board of Directors 1.1.25 31.12.25 31.12.25 22.5.2026 true false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14957451 2024-12-31 14957451 2025-12-31 14957451 2025-01-01 2025-12-31 14957451 2023-12-31 14957451 2024-01-01 2024-12-31 14957451 2024-12-31 14957451 ns15:EnglandWales 2025-01-01 2025-12-31 14957451 ns14:PoundSterling 2025-01-01 2025-12-31 14957451 ns10:Director1 2025-01-01 2025-12-31 14957451 ns10:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 14957451 ns10:SmallEntities 2025-01-01 2025-12-31 14957451 ns10:Audited 2025-01-01 2025-12-31 14957451 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 14957451 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14957451 ns10:FullAccounts 2025-01-01 2025-12-31 14957451 ns10:Director2 2025-01-01 2025-12-31 14957451 ns10:Director3 2025-01-01 2025-12-31 14957451 ns10:Director4 2025-01-01 2025-12-31 14957451 ns10:Director5 2025-01-01 2025-12-31 14957451 ns10:Director6 2025-01-01 2025-12-31 14957451 ns10:Director8 2025-01-01 2025-12-31 14957451 ns10:Director9 2025-01-01 2025-12-31 14957451 ns10:Director11 2025-01-01 2025-12-31 14957451 ns10:Director13 2025-01-01 2025-12-31 14957451 ns10:Director15 2025-01-01 2025-12-31 14957451 ns10:Director16 2025-01-01 2025-12-31 14957451 ns10:Director17 2025-01-01 2025-12-31 14957451 ns10:Director18 2025-01-01 2025-12-31 14957451 ns10:RegisteredOffice 2025-01-01 2025-12-31 14957451 ns5:CurrentFinancialInstruments 2025-12-31 14957451 ns5:CurrentFinancialInstruments 2024-12-31 14957451 ns5:Non-currentFinancialInstruments 2025-12-31 14957451 ns5:Non-currentFinancialInstruments 2024-12-31 14957451 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 14957451 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 14957451 ns5:LandBuildings 2024-12-31 14957451 ns5:PlantMachinery 2024-12-31 14957451 ns5:LandBuildings 2025-01-01 2025-12-31 14957451 ns5:PlantMachinery 2025-01-01 2025-12-31 14957451 ns5:LandBuildings 2025-12-31 14957451 ns5:PlantMachinery 2025-12-31 14957451 ns5:LandBuildings 2024-12-31 14957451 ns5:PlantMachinery 2024-12-31 14957451 ns5:Subsidiary1 2025-01-01 2025-12-31 14957451 1 ns5:Subsidiary1 2025-01-01 2025-12-31 14957451 ns5:Subsidiary1 2025-12-31 14957451 ns5:Subsidiary1 2024-12-31 14957451 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 14957451 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 14957451 ns5:Non-currentFinancialInstruments 2025-01-01 2025-12-31 14957451 ns5:WithinOneYear 2025-12-31 14957451 ns5:WithinOneYear 2024-12-31 14957451 ns5:BetweenOneFiveYears 2025-12-31 14957451 ns5:BetweenOneFiveYears 2024-12-31 14957451 ns5:MoreThanFiveYears 2025-12-31 14957451 ns5:MoreThanFiveYears 2024-12-31 14957451 ns5:AllPeriods 2025-12-31 14957451 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: 14957451 (England and Wales)

| EMSWORTH SAILING CLUB LIMITED |

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| EMSWORTH SAILING CLUB LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | S Browne

| NJ Chandler

| EL Gardiner

| JE Hepworth

| CB Hodkinson

| LP Korzilius

| DJ Owen-Ellis Clark

| S Townsend

| HA Wyles

| C Summers

| M Frost

| P Gawley

| J Millard

| T Porter

| REGISTERED OFFICE: | 55 Bath Road

| Emsworth

| Hants

| PO10 7ES

| REGISTERED NUMBER: | 14957451 (England and Wales)

| AUDITORS: | MC Audit Limited

| Statutory Auditors

| Lake House

| 2 Port Way

| Port Solent

| Portsmouth

| Hampshire

| PO6 4TY

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 797,091 |  | 813,894 |  |

Investments | 5 | 3,000 |  | 3,000 |  |

800,091 |  | 816,894 |  |

CURRENT ASSETS

Stocks | 1,835 |  | 1,831 |  |

Debtors | 6 | 34,030 |  | 24,370 |  |

Cash at bank and in hand | 521,531 |  | 449,748 |  |

557,396 |  | 475,949 |  |

CREDITORS

Amounts falling due within one year | 7 | 53,960 |  | 40,182 |  |

NET CURRENT ASSETS | 503,436 |  | 435,767 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,303,527 |  | 1,252,661 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | 15,633 |  |

NET ASSETS | 1,303,527 |  | 1,237,028 |  |

RESERVES

Income and expenditure account | 10 | 1,303,527 |  | 1,237,028 |  |

1,303,527 |  | 1,237,028 |  |

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 18 May 2026 and were signed on its behalf by:

C Summers - Director

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Emsworth Sailing Club 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.

| Going concern

| The directors are of the opinion that the Company can continue to meet its obligations for at least twelve months after the signing of the accounts and that the Company will continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis in preparing the Annual Report and financial statements.

| Limited by guarantee

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

| Preparation of consolidated financial statements

| The financial statements contain information about Emsworth Sailing Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Income is recognised to the extent thar it is probable that the economic benefits will flow to the company and the revenue can be measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

| Membership subscriptions, dinghy park, mooring, training and other sailing income are recognised over the period to which the services are provided. Bar and catering income is recognised at the point of sale.

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Individual fixed assets costing more than £300 have been capitalised, unless covered by specific grant or donation income.

| Depreciation is provided on all tangible fixed assets with finite useful life, such that the cost of an asset is written off over the period of its expected useful life.

| The methods used and the annual rates applied to specific classes of assets are as follows:

| Buildings |  | 2% per annum |  |

| Pontoons |  | 4% per annum |  |

| Improvements to Buildings |  | 4% per annum |  |

| Club Boats |  | 16.67% per annum |  |

| Kitchen Equipment |  | 20% per annum |  |

| Furniture and Fittings |  | 20% - 33.33% per annum |  |

| Assets are depreciated using the straight-line method, with the different classes of asset depreciated at the rates outlined above. Depreciation is calculate on a full month basis and is charged in the month of acquisition.

| Only items costing £500 or more (net of VAT) are considered for capitalisation by the company and each item eligible of capitalisation is considered and assessed on its own merits, as to whether it qualifies to be expensed or capitalised.

| Assets under construction will be reclassified to the appropriate asset class once it is ready for intended use by management. At this point in time the depreciation will start according to the method of the appropriate asset class.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs

| The company pays fixed contributions into a separate legal entity. Once the contributions have been paid the company has no further payment obligations.

| Irrecoverable vat

| Irrecoverable VAT is charged to the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 648,523 |  | 966,551 |  | 1,615,074 |  |

| Additions | - |  | 41,682 |  | 41,682 |  |

| Disposals | - |  | (5,030 | ) | (5,030 | ) |

| At 31 December 2025 | 648,523 |  | 1,003,203 |  | 1,651,726 |  |

| DEPRECIATION

| At 1 January 2025 | 238,284 |  | 562,896 |  | 801,180 |  |

| Charge for year | 10,736 |  | 47,663 |  | 58,399 |  |

| Eliminated on disposal | - |  | (4,944 | ) | (4,944 | ) |

| At 31 December 2025 | 249,020 |  | 605,615 |  | 854,635 |  |

| NET BOOK VALUE

| At 31 December 2025 | 399,503 |  | 397,588 |  | 797,091 |  |

| At 31 December 2024 | 410,239 |  | 403,655 |  | 813,894 |  |

5. | FIXED ASSET INVESTMENTS

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | FIXED ASSET INVESTMENTS - continued

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Fowley Marine (Emsworth) Limited | 3,000 |  | 3,000 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Fowley Marine(Emsworth) Limited

| Registered office: Emsworth Sailing Club, 55 Bath Road, Emsworth, Hampshire, England, PO10 7ES

| Nature of business: Operation of sports facilities

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 3,000 |  | 3,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 14,579 |  | 14,100 |  |

| Other debtors | 19,451 |  | 10,270 |  |

34,030 |  | 24,370 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 14,421 |  | 16,433 |  |

| Taxation and social security | 6,439 |  | 2,516 |  |

| Other creditors | 33,100 |  | 21,233 |  |

53,960 |  | 40,182 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other creditors | - |  | 15,633 |  |

| The amount represents an interest-free loan obtained by Clifts Catering Ltd ("CCL"), which is contractually repayable by 31 December 2026. Although the entity intends to repay the loan in line with this agreement, repayments are expected to be made within the next 12 months and, accordingly, the loan has been classified as a current liability at the reporting date.

| If a member leaves the club and the balance held by CCL on the member’s card is less than £50, the balance is donated to the Blake Fund by way of a reduction in the loan outstanding to CCL. Membership card balances are reviewed periodically and any qualifying balances are transferred to the Fund.

EMSWORTH SAILING CLUB LIMITED (REGISTERED NUMBER: 14957451) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 7,652 |  | 7,652 |  |

| Between one and five years | 20,222 |  | 25,690 |  |

| In more than five years | 6,006 |  | 8,190 |  |

33,880 |  | 41,532 |  |

10. | RESERVES

| Income and |  |

| expenditure |  |

| account |  |

| £ |  |

| At 1 January 2025 |  |  | 1,237,028 |  |

| Surplus/(Deficit) for the year |  |  | 57,849 |  |

| Prior year adjustment |  |  | 3,650 |  |

| Transfer from Emsworth Sailing Club |  |  | 5,000 |  |

| At 31 December 2025 |  |  | 1,303,527 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Paul Underwood FCCA (Senior Statutory Auditor)

| for and on behalf of MC Audit Limited

12. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | 110,610 |  | - |  |

| A contract was entered into with Farndell Builders (Sussex) Ltd on 28th November 2025. A total quote of £110,610 (excluding VAT) was provided for works to being completed on the east wing of the sailing club. Farndell Builders commenced construction on 2nd January 2025.

13. | RELATED PARTY DISCLOSURES

| The company also entered into several related party transactions with Mark Gardiner, company director Emma Gardiner's spouse. During the year a total of £4,500 was incurred for work done to the seated decking area of the club.

| Finally, on 11 February 2025, the company received £5,000 from the unincorporated Emsworth Sailing Club. The unincorporated entity has since been wound-up.This transaction was simply a transfer of funds so that any cash left over in the unincorporated entity was passed over to the company.

14. | ULTIMATE CONTROLLING PARTY

| The company is not under control by any specific party.