| The Vintage Glider Club Ltd |
| Registered number: |
06514427 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,756 |
|
|
7,863 |
|
|
|
|
6,756 |
|
|
7,863 |
| Current assets |
| Stocks |
|
|
7,288 |
|
|
6,657 |
| Debtors |
4 |
|
1,728 |
|
|
2,472 |
| Cash at bank and in hand |
|
|
51,368 |
|
|
45,020 |
|
|
|
60,384 |
|
|
54,149 |
|
| Creditors: amounts falling due within one year |
5 |
|
(9,652) |
|
|
(2,763) |
|
| Net current assets |
|
|
|
50,732 |
|
|
51,386 |
|
| Net assets |
|
|
|
57,488 |
|
|
59,249 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Income & Expenditure Account |
|
|
|
57,488 |
|
|
59,249 |
|
| Reserves |
|
|
|
57,488 |
|
|
59,249 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Christine Whittaker |
| Director |
| Approved by the board on 24 January 2026 |
|
| The Vintage Glider Club Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Archive Building |
Straight Line over 10 years |
|
Plant and machinery |
33 1/3 reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss. |
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
12,740 |
|
5,085 |
|
17,825 |
|
Additions |
- |
|
474 |
|
474 |
|
Disposals |
- |
|
(1,099) |
|
(1,099) |
|
At 31 December 2025 |
12,740 |
|
4,460 |
|
17,200 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
5,096 |
|
4,866 |
|
9,962 |
|
Charge for the year |
1,274 |
|
193 |
|
1,467 |
|
On disposals |
- |
|
(985) |
|
(985) |
|
At 31 December 2025 |
6,370 |
|
4,074 |
|
10,444 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
6,370 |
|
386 |
|
6,756 |
|
At 31 December 2024 |
7,644 |
|
219 |
|
7,863 |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
Other debtors |
1,728 |
|
2,472 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
Trade Creditors |
38 |
|
- |
|
Taxation and social security costs |
157 |
|
90 |
|
Other creditors |
9,457 |
|
2,673 |
|
|
|
|
|
|
9,652 |
|
2,763 |
|
| 6 |
Capital commitments |
2025 |
|
2024 |
| £ |
£ |
|
Amounts contracted for but not provided in the accounts |
- |
|
450 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
The Vintage Glider Club Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
1 Maplehurst Chase |
|
Hatch Warren |
|
Basingstoke |
|
Hampshire |
|
RG22 4XQ |
|
The liability of members in the event of the company being liquidated is £1.00 per member. |