REGISTERED NUMBER: 00974308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DRAYCOTE WATER SAILING CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Whittaker

P Huett

R M Botting

S W Odling

C Mulhall

J G Messing

C J Avery

P L Irish

REGISTERED OFFICE:

Draycote Water

Kites Hardwick

Nr. Rugby

Warwickshire

CV23 8AB

REGISTERED NUMBER:

00974308 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

64,074

78,726

Investments

5

1

1

64,075

78,727

CURRENT ASSETS

Debtors

6

516,238

400,426

Cash at bank

115,981

155,919

632,219

556,345

CREDITORS

Amounts falling due within one year

7

64,295

71,983

NET CURRENT ASSETS

567,924

484,362

TOTAL ASSETS LESS CURRENT LIABILITIES

631,999

563,089

CREDITORS

Amounts falling due after more than one year

8

7,438

10,601

NET ASSETS

624,561

552,488

RESERVES

Pre Incorporation surplus

9

6,621

6,621

Retained earnings

9

617,940

545,867

MEMBERS' FUNDS

624,561

552,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 profit or loss 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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

P Huett - Director

1.	STATUTORY INFORMATION

Draycote Water 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 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.

Improvements to property

-

in accordance with the property

Machinery, sailing, training and rescue equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Taxation

Advantage is taken of the corporation tax exemptions applicable to Community Amateur Sports Clubs.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Machinery,

sailing,

training

Improvements

and

Long

to

rescue

leasehold

property

equipment

£

£

£

COST

At 1 April 2025

94,806

148,076

17,692

Additions

-

-

2,619

At 31 March 2026

94,806

148,076

20,311

DEPRECIATION

At 1 April 2025

85,888

90,691

11,826

Charge for year

1,784

11,477

3,073

At 31 March 2026

87,672

102,168

14,899

NET BOOK VALUE

At 31 March 2026

7,134

45,908

5,412

At 31 March 2025

8,918

57,385

5,866

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

9,368

19,727

289,669

Additions

-

-

2,619

At 31 March 2026

9,368

19,727

292,288

DEPRECIATION

At 1 April 2025

2,811

19,727

210,943

Charge for year

937

-

17,271

At 31 March 2026

3,748

19,727

228,214

NET BOOK VALUE

At 31 March 2026

5,620

-

64,074

At 31 March 2025

6,557

-

78,726

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

DWSC Trading Limited

Registered office: Draycote Water, Kites Hardwick, Rugby, CV23 8AB

Nature of business: Sailing courses and related activities.

%

Class of shares:

holding

Ordinary

100.00

2026

2025

£

£

Aggregate capital and reserves

(314,388

)

(251,439

)

Loss for the year

(62,949

)

(70,607

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

19,932

27,633

Amounts owed by group undertakings

495,056

372,793

Prepayments

1,250

-

516,238

400,426

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

11,936

12,080

Social security and other taxes

4,490

3,894

Other creditors

1,037

1,037

Income received in advance

39,988

46,568

Accrued expenses

3,681

5,240

Deferred grants

3,163

3,164

64,295

71,983

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Deferred grants

7,438

10,601

9.

RESERVES

Pre

Retained

Incorporation

earnings

surplus

Totals

£

£

£

At 1 April 2025

545,867

6,621

552,488

Profit for the year

72,073

72,073

At 31 March 2026

617,940

6,621

624,561

10.	CAPITAL COMMITMENTS

The company has received capital grants in the year of £nil plus from previous years amounts totalling £23,103 of which £10,602 (2025 £13,765) is included in creditors as deferred income. The grants have various conditions attached to them and a breach of these conditions may result in the grants becoming repayable.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.