REGISTERED NUMBER: 01101017 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

RUTLAND SAILING CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Wilkins

Mrs E G A Wilby

Mrs N Beatty

B Burge

A Baker

T J Litt

I Powell

A Manze

I A Hill

REGISTERED OFFICE:

Gibbet Lane

Edith Weston

Oakham

Rutland

LE15 8HJ

REGISTERED NUMBER:

01101017 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

341,865

183,027

CURRENT ASSETS

Stocks

5

16,837

26,830

Debtors

6

17,854

36,505

Cash at bank and in hand

609,970

895,786

644,661

959,121

CREDITORS

Amounts falling due within one year

7

158,709

296,257

NET CURRENT ASSETS

485,952

662,864

TOTAL ASSETS LESS CURRENT LIABILITIES

827,817

845,891

CREDITORS

Amounts falling due after more than one year

8

2,096

2,096

NET ASSETS

825,721

843,795

RESERVES

Asset Replacement Fund

9

327,694

287,698

Income and expenditure account

498,027

556,097

825,721

843,795

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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mrs E G A Wilby - Director

1.	STATUTORY INFORMATION

Rutland 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

There are no material departures from this standard.

Grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit ans loss account as the related expenditure is incurred.

Turnover

Turnover 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

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

Clubhouse and site

-

Over remaining period of the lease

Pontoons & moorings

-

Straight line over 5 years and Straight line over 12 years

Fixtures, fittings & equip

-

Straight line over 5 years and Straight line over 10 years

Boats and engines

-

Straight line over 5 years

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Reserves

The Asset Replacement Fund represents a designated fund that has been set aside by the members from unrestricted reserves. The fund is intended to provide for the future replacement or significant repair of the organisation’s assets.

Amounts transferred to the Asset Replacement Fund are not legally restricted and remain part of unrestricted funds. The designation reflects the members’ intention to earmark resources for asset replacement purposes; however, the members retain full discretion to vary or remove the designation at any time.

Expenditure incurred on the replacement or renewal of assets may be funded from this designated fund at the discretion of the members. Any unused balance remains available for general purposes should the designation be amended or removed.

Significant accounting estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Clubhouse

Pontoons

fittings

Boats and

and site

& moorings

& equip

engines

Totals

£

£

£

£

£

COST

At 1 November 2024

1,539,983

204,621

277,717

226,930

2,249,251

Additions

263,572

-

44,774

-

308,346

Disposals

(23,568

)

-

-

-

(23,568

)

At 31 October 2025

1,779,987

204,621

322,491

226,930

2,534,029

DEPRECIATION

At 1 November 2024

1,432,950

199,029

264,260

169,985

2,066,224

Charge for year

63,544

2,571

43,674

16,151

125,940

At 31 October 2025

1,496,494

201,600

307,934

186,136

2,192,164

NET BOOK VALUE

At 31 October 2025

283,493

3,021

14,557

40,794

341,865

At 31 October 2024

107,033

5,592

13,457

56,945

183,027

5.

STOCKS

2025

2024

£

£

Club wine stock

2,318

120

Fuel stock

1,055

3,976

Prizes stock

623

394

Food stock

5,156

2,032

Sailing school stock

-

12,500

Chandlery stock

7,685

7,808

16,837

26,830

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,189

27,870

Other debtors

134

134

Prepayments and accrued income

7,531

8,501

17,854

36,505

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

105,765

180,394

Social security and other taxes

4,807

8,955

VAT

2,497

772

Other creditors

12,643

7,887

Mooring loans

-

10,760

Deferred grant income

10,934

53,049

Accrued expenses

22,063

34,440

158,709

296,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Debenture loans

2,096

2,096

9.

RESERVES

Asset

Replacement

Fund

£

At 1 November 2024

287,698

Asset replacement fund

transfer

39,996

At 31 October 2025

327,694

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rebecca Pickard FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

11.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

53,395

-

12.	OTHER FINANCIAL COMMITMENTS

The company is committed to paying rental for their premises based on annual membership numbers.

13.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have a share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.