Registration number: NI011337

Cushendall Sailing and Boating Club Limited

(Registration number: NI011337)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	241,989	251,330
Current assets
Stocks	5	10,284	9,400
Debtors	6	4,955	3,503
Cash at bank and in hand		106,359	76,216
		121,598	89,119
Creditors: Amounts falling due within one year	7	(20,939)	(14,896)
Net current assets		100,659	74,223
Net assets		342,648	325,553
Capital and reserves
Retained earnings		342,648	325,553
Shareholders' funds		342,648	325,553

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 December 2025 and signed on its behalf by:
 

......................................... Mr Alastair McLaughlin Director

Cushendall Sailing and Boating Club Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 68 Coast Road, Cushendall, Co. Antrim, BT44 0QW.

These financial statements were authorised for issue by the Board on 7 December 2025.

2	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. The accounts are presented in pounds sterling, which is the functional currency of the company.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 7 December 2025 was Peter Stevenson, who signed for and on behalf of Stevenson & Wilson.

Revenue recognition

Turnover includes the sale of goods and services net of VAT and discounts together with membership subscriptions and sundry income. Turnover for the sale of goods and services is measured at the fair value of the consideration received. Membership subscriptions are recognised on a straight-line basis over the membership period.

Government grants

Grants relating to capital expenditure are credited to deferred income and released to the profit and loss account over the expected useful life of the assets. Revenue grants are released to the profit and loss account as the related expenditure is incurred.

Cushendall Sailing and Boating Club Limited

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

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes any incidental costs of acquisition. Fixed assets are depreciated at rates calculated to reduce them to residual value at the end of their expected normal lives on a straight line basis.

At the reporting date, the directors review the carrying value of tangible fixed assets. If circumstances arise which may indicate a reduction in the recoverable value, a review is conducted to estimate the extent of any impairment.

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
Land and buildings	2% straight line basis
Fixtures and fittings	10% straight line basis
Plant and equipment	10% straight line basis

Stocks

Stock is valued on a first in first out basis at the lower of cost or net realisable value after making due allowance for obsolete and items.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in operating expenses.

Key sources of estimation uncertainty

Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Directors do not consider that there are any critical judgments made in applying the Company’s accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year..

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 16).

Cushendall Sailing and Boating Club Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Boats & equipment £	Total £
Cost or valuation
At 1 October 2024	361,575	150,395	109,309	621,279
Additions	-	4,957	-	4,957
At 30 September 2025	361,575	155,352	109,309	626,236
Depreciation
At 1 October 2024	175,912	103,226	90,811	369,949
Charge for the year	7,232	5,216	1,850	14,298
At 30 September 2025	183,144	108,442	92,661	384,247
Carrying amount
At 30 September 2025	178,431	46,910	16,648	241,989
At 30 September 2024	185,663	47,169	18,498	251,330

5

Stocks

	2025 £	2024 £
Goods for resale	10,284	9,400

6

Debtors

	2025 £	2024 £
Prepayments	3,155	526
Other debtors	1,800	2,977
	4,955	3,503

Cushendall Sailing and Boating Club Limited

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

7	Creditors: due within one year

	2025 £	2024 £
Trade creditors	7,325	1,902
Taxation and social security	3,761	2,695
Accruals and deferred income	6,729	6,102
Other creditors	3,124	4,197
	20,939	14,896