BOATYARD BOULDERS CIC

Company limited by guarantee

Company Registration Number:
15974046 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 24 September 2024

End date: 30 September 2025

BOATYARD BOULDERS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BOATYARD BOULDERS CIC

Directors' report period ended 30 September 2025

The directors present their report with the financial statements of the company for the period ended 30 September 2025

Directors

The directors shown below have held office during the whole of the period from
24 September 2024 to 30 September 2025

Dr A Hunter
 Mr J A Mcleod

The director shown below has held office during the period of
27 September 2024 to 30 September 2025

Mr P A McNulty

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 July 2026

And signed on behalf of the board by:
Name: Dr A Hunter
Status: Director

BOATYARD BOULDERS CIC

Profit And Loss Account

for the Period Ended 30 September 2025

2025


£
Turnover: 110,131
Cost of sales: ( 40,090 )
Gross profit(or loss): 70,041
Administrative expenses: ( 46,402 )
Other operating income: 44
Operating profit(or loss): 23,683
Profit(or loss) before tax: 23,683
Tax: ( 3,430 )
Profit(or loss) for the financial year: 20,253

BOATYARD BOULDERS CIC

Balance sheet

As at 30 September 2025

Notes 2025


£
Fixed assets
Tangible assets: 3 5,630
Total fixed assets: 5,630
Current assets
Debtors: 4 21,360
Cash at bank and in hand: 10,835
Total current assets: 32,195
Creditors: amounts falling due within one year: 5 ( 17,572 )
Net current assets (liabilities): 14,623
Total assets less current liabilities: 20,253
Total net assets (liabilities): 20,253
Members' funds
Profit and loss account: 20,253
Total members' funds: 20,253

The notes form part of these financial statements

BOATYARD BOULDERS CIC

Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 July 2026
and signed on behalf of the board by:

Name: Dr A Hunter
Status: Director

The notes form part of these financial statements

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 20 percent Reducing Balance Computers 33 percent Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit

    Other accounting policies

    Reporting period The companies first period of trade runs from 24 September 2024 to 30 September 2025, covering a period of 12 month and 6 days. Basis of preparation These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Financial instruments Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    2025
    Average number of employees during the period 2

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 6,072 6,072
Disposals
Revaluations
Transfers
At 30 September 2025 6,072 6,072
Depreciation
Charge for year 442 442
On disposals
Other adjustments
At 30 September 2025 442 442
Net book value
At 30 September 2025 5,630 5,630

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

4. Debtors

2025
£
Other debtors 21,360
Total 21,360

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

5. Creditors: amounts falling due within one year note

2025
£
Trade creditors 2,534
Taxation and social security 3,430
Other creditors 11,608
Total 17,572

BOATYARD BOULDERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

6. Loans to directors

At the balance sheet date, the company owed the director A.Hunter £308. This loan is interest free and repayable on demand.

COMMUNITY INTEREST ANNUAL REPORT

BOATYARD BOULDERS CIC

Company Number: 15974046 (England and Wales)

Year Ending: 30 September 2025

Company activities and impact

The company operates Boatyard Boulders, an outdoor bouldering and graffiti venue. Boatyard Boulders opened during the reporting period and has provided a unique and accessible recreational facility for the local community. Throughout the year, the company has delivered a number of community benefits. We have created a lower-cost bouldering venue, helping to make climbing more accessible to a wider range of people. The venue also provides a distinctive setting for parties and social events, introducing many new participants to climbing who may not otherwise have engaged with the sport. The majority of our visitors are local residents, with approximately 70% travelling from within a five-mile radius. This demonstrates strong local demand and highlights the venue's role as a community asset. The venue complements rather than competes with existing indoor climbing facilities, as our peak season is during the spring and summer months when indoor climbing venues typically experience lower demand. As a result, we have not had a detrimental impact on existing operators. We have also worked closely with local youth organisations and regularly host up to five different Scout and Guide groups each week between May and October. These sessions provide opportunities for young people to participate in physical activity, develop confidence, and engage with outdoor recreation in a safe and supportive environment. In addition, we have developed what we believe to be the UK's first outdoor bouldering experience that combines climbing with large-scale graffiti art. This innovative approach has created a safer and more welcoming alternative bouldering environment, attracting new audiences and encouraging participation from people who may not traditionally visit climbing facilities.

Consultation with stakeholders

The company's primary stakeholders are members of the local community who use Boatyard Boulders, including individual climbers, families, party groups, schools, Scouts and Guides, and other community organisations. Stakeholder feedback is gathered through our online booking platform, post-visit surveys, event feedback forms, online reviews, and informal conversations with customers. During the reporting period, we received 72 survey responses, which asked visitors about their overall experience, satisfaction, value for money, and the quality of staff interactions. Feedback has been extremely positive. Our Net Promoter Score (NPS) is 98.6%, significantly exceeding the benchmark for exceptional customer satisfaction. We also maintain an average Google review rating of 4.9 out of 5 from 89 reviews. We actively encourage customers to provide feedback and reviews to help us continually improve our services. Feedback has directly informed the development of the venue and our programme of activities. Consultation identified strong demand from families, and in response we increased the number of birthday party slots available, introduced a youth bouldering club, and launched dedicated Under 5s sessions. We also routinely survey participants following new events and activities to ensure they meet community needs and expectations. These actions have helped make the venue more accessible, inclusive, and responsive to the needs of the local community.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 July 2026

And signed on behalf of the board by:
Name: Dr A Hunter
Status: Director