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REGISTERED NUMBER: 04887839 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

RBS Inland Waterways Club Limited

RBS Inland Waterways Club Limited (Registered number: 04887839)

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 |

RBS Inland Waterways Club Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | J D Beazley

| L V Clark

| D F Foulkes

| K Fountayne

| D J Hodges

| H Lawrence

| B A Mcmanus

| N P Roberts

| R L Storey

| M R Tebbutt

| R G Yorke

| SECRETARY: | N P Roberts

| REGISTERED OFFICE: | 155b High Road

| Benfleet

| Essex

| SS7 5HY

| REGISTERED NUMBER: | 04887839 (England and Wales)

| ACCOUNTANTS: | Lawrence & Company

| 26 Bell Street

| Sawbridgeworth

| Hertfordshire

| CM21 9AN

RBS Inland Waterways Club Limited (Registered number: 04887839)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 219,035 |  | 224,517 |  |

CURRENT ASSETS

Cash at bank | 117,202 |  | 105,507 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,443 |  | - |  |

NET CURRENT ASSETS | 115,759 |  | 105,507 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 334,794 |  | 330,024 |  |

RESERVES

Boat replacement fund | 6 | 62,407 |  | 56,925 |  |

Income and expenditure account | 6 | 272,387 |  | 273,099 |  |

334,794 |  | 330,024 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

J D Beazley - Director

RBS Inland Waterways Club Limited (Registered number: 04887839)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| RBS Inland Waterways 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.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Tangible fixed assets consists of the narrow boats owned by the company for chartering to members. These are depreciated on a long term straight line basis to write off each asset over its useful economic life.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income and Expenditure Account, 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | PROPERTY, PLANT AND EQUIPMENT

| The |

| Admiral |

| Morse |  | Phil |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 91,200 |  | 145,800 |  | 237,000 |  |

| DEPRECIATION

| At 1 January 2025 | 6,778 |  | 5,705 |  | 12,483 |  |

| Charge for year | 2,222 |  | 3,260 |  | 5,482 |  |

| At 31 December 2025 | 9,000 |  | 8,965 |  | 17,965 |  |

| NET BOOK VALUE

| At 31 December 2025 | 82,200 |  | 136,835 |  | 219,035 |  |

| At 31 December 2024 | 84,422 |  | 140,095 |  | 224,517 |  |

RBS Inland Waterways Club Limited (Registered number: 04887839)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Taxation and social security | 1,443 |  | - |  |

6. | RESERVES

| Income |

| and |  | Boat |

| expenditure |  | replacement |

| account |  | fund |  | Totals

£ | £ | £ |

| At 1 January 2025 | 273,099 |  | 56,925 |  | 330,024 |  |

| Surplus for the year | 4,770 |  | 4,770 |  |

| Transfer from income and

| expenditure account to the

| boat replacement fund | (5,482 | ) | 5,482 |  | - |  |

| At 31 December 2025 | 272,387 |  | 62,407 |  | 334,794 |  |

| The company places amounts equivalent to the depreciation charge each year into a term deposit bank account. This balance is used towards future replacement of the charter boats owned by the company. This amount is also transferred from the general income and expenditure account reserve to a separate boat replacement fund reserve at each reporting date.

7. | LIMITED BY GUARANTEE

| RBS Inland Waterways Club Limited is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.