REGISTERED NUMBER: 02596421 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

HAVERSHAM SAILING CLUB LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Pakes

Mrs A E Miles

O J Anderson

P J Pakes

A P Stainsby

SECRETARY:

R J Pakes

REGISTERED OFFICE:

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

02596421 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9 High Street

Woburn Sands

Milton Keynes

MK17 8RF

FIXED ASSETS

Tangible assets

4

223,013

232,584

CURRENT ASSETS

Stocks

1,096

1,198

Debtors

5

3,729

4,459

Cash at bank and in hand

76,680

68,697

81,505

74,354

CREDITORS

Amounts falling due within one year

6

51,404

52,715

NET CURRENT ASSETS

30,101

21,639

TOTAL ASSETS LESS CURRENT LIABILITIES

253,114

254,223

RESERVES

Income and expenditure account

253,114

254,223

253,114

254,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th July 2026 and were signed on its behalf by:

R J Pakes - Director

P J Pakes - Director

1.	STATUTORY INFORMATION

Haversham 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.

Turnover

Turnover consists of membership fees, bar surplus and sundry fundraising activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings

-

2% on cost

Improvements to property

-

20% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

25% on reducing balance

Boats & trailers

-

25% on reducing balance

Stocks

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

Taxation

The club is a registered Community Amateur Sports Club which exists only for the benefit of its members. All income and gains are applied for charitable and qualifying purposes only and as such it is exempt from corporation tax.

Government grants

Milton Keynes Council has provided a grant for the purchase and installation of solar panels at Haversham Sailing club. The grant is released to the profit and loss account over the estimated useful life of 25 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

Buildings

property

£

£

£

COST

At 1st April 2025

131,345

50,000

30,225

Additions

-

-

10,819

Disposals

-

-

-

At 31st March 2026

131,345

50,000

41,044

DEPRECIATION

At 1st April 2025

-

29,000

28,444

Charge for year

-

1,000

1,507

Eliminated on disposal

-

-

-

At 31st March 2026

-

30,000

29,951

NET BOOK VALUE

At 31st March 2026

131,345

20,000

11,093

At 31st March 2025

131,345

21,000

1,781

Fixtures

Plant and

and

Boats &

machinery

fittings

trailers

Totals

£

£

£

£

COST

At 1st April 2025

21,600

61,649

141,093

435,912

Additions

-

954

-

11,773

Disposals

-

-

(6,207

)

(6,207

)

At 31st March 2026

21,600

62,603

134,886

441,478

DEPRECIATION

At 1st April 2025

452

51,635

93,797

203,328

Charge for year

903

2,603

10,676

16,689

Eliminated on disposal

-

-

(1,552

)

(1,552

)

At 31st March 2026

1,355

54,238

102,921

218,465

NET BOOK VALUE

At 31st March 2026

20,245

8,365

31,965

223,013

At 31st March 2025

21,148

10,014

47,296

232,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

3,729

4,459

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

137

157

Other creditors

51,267

52,558

51,404

52,715