REGISTERED NUMBER: 04948315 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Rope Walk Hamble Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Harding

C R Mansfield

G A Nixon

M N Richardson

T J Robinson

J H Sparshatt-Worley

REGISTERED OFFICE:

Royal Southern Yacht Club

Rope Walk Hamble

Southampton

SO31 4HB

REGISTERED NUMBER:

04948315 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Investment property

4

4,725,000

4,725,000

CURRENT ASSETS

Debtors

5

1,267,534

1,333,986

Cash at bank

16,306

24,267

1,283,840

1,358,253

CREDITORS

Amounts falling due within one year

6

44,276

81,388

NET CURRENT ASSETS

1,239,564

1,276,865

TOTAL ASSETS LESS CURRENT LIABILITIES

5,964,564

6,001,865

CREDITORS

Amounts falling due after more than one year

7

(1,563,890

)

(1,604,547

)

PROVISIONS FOR LIABILITIES

(516,749

)

(516,749

)

NET ASSETS

3,883,925

3,880,569

RESERVES

Revaluation reserve

9

2,394,647

2,394,647

Income and expenditure account

1,489,278

1,485,922

3,883,925

3,880,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 22 October 2025 and were signed on its behalf by:

G A Nixon - Director

1.	STATUTORY INFORMATION

Rope Walk Hamble 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income & Expenditure account.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

4,725,000

NET BOOK VALUE

At 31 August 2025

4,725,000

At 31 August 2024

4,725,000

The land & buildings were valued on the 12th November 2024 by RICS registered valuers. The directors have valued the property on the basis of information contained within their valuation report.

5.

DEBTORS

31.8.25

31.8.24

as restated

£

£

Amounts falling due within one year:

Other debtors

106,949

133,553

Amounts falling due after more than one year:

Other debtors

1,160,585

1,200,433

Aggregate amounts

1,267,534

1,333,986

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Bank loans and overdrafts

42,041

43,279

Taxation and social security

795

769

Other creditors

1,440

37,340

44,276

81,388

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Bank loans

1,563,890

1,604,547

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,360,902

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

as restated

£

£

Bank loans

1,605,931

1,647,826

The bank loan is secured by a first legal charge over the company's property and by a floating charge covering all the property or undertaking of the company.Royal Southern Yacht Club Limited have also issued a guarantee in respect of the bank loan.

9.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

2,394,647

10.	RELATED PARTY DISCLOSURES

The company has issued loans to Royal Southern Yacht Club Limited and the balance owing to the company in respect of these loans as at the 31st August 2025 is £1,238,858 (2024: £1,296,580).This is shown in the accounts in other debtors due within and after one year. Of the amount outstanding, £1,202,626 (2024: £1,243,711) originates from the proceeds of bank loans and is repayable on terms which mirror the repayment terms of the bank loan. The balance of £36,232 (2024: £52,869) is repayable on demand.

The company leases it's property to Royal Southern Yacht Club Limited and during the year rent of £4,144 (2024: £4,003) was paid to the company.

During the year, the company recharged interest totalling £115,223 (2024: £126,155) and expenses totalling £3,725 (2024: £16,653 debit) to Royal Southern Yacht Club Limited.