Company No: 00163711 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	285,792		280,195
Investments	4	2		2
		285,794		280,197
Creditors: amounts falling due within one year	5	( 5,883)		( 71,286)
Net current liabilities		(5,883)		(71,286)
Total assets less current liabilities		279,911		208,911
Net assets		279,911		208,911
Reserves
Fair value reserve		182,158		184,138
Profit and loss account		97,753		24,773
Total reserves		279,911		208,911

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Salcombe Yacht Club Company Limited (registered number: 00163711) were approved and authorised for issue by the Board of Directors on 02 June 2026. They were signed on its behalf by:

Mr M Taylor Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Salcombe Yacht Club Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Cliff House, Cliff Road, Salcombe, TQ8 8JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover represents rental income, excluding Value Added Tax. Revenue is recognised in the month to which it relates.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	10 - 100 years straight line
Fixtures and fittings	25 % reducing balance
	1 - 10 years straight line
Other property, plant and equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 January 2025	203,566		84,599		97,531		385,696
Additions	0		20,342		12,690		33,032
Disposals	0		0		( 2,400)		( 2,400)
At 31 December 2025	203,566		104,941		107,821		416,328
Accumulated depreciation
At 01 January 2025	15,958		40,408		49,135		105,501
Charge for the financial year	2,356		10,070		14,653		27,079
Disposals	0		0		( 2,044)		( 2,044)
At 31 December 2025	18,314		50,478		61,744		130,536
Net book value
At 31 December 2025	185,252		54,463		46,077		285,792
At 31 December 2024	187,608		44,191		48,396		280,195

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	2
At 31 December 2025	2
Carrying value at 31 December 2025	2
Carrying value at 31 December 2024	2

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	5,883		71,286