ROYAL CORINTHIAN YACHT CLUB LIMITED,Ltd - AccountsLtd - Accounts

ROYAL CORINTHIAN YACHT CLUB LIMITED,Ltd - AccountsLtd - Accounts

ROYAL CORINTHIAN YACHT CLUB LIMITED - Company Information

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2021-10-01 00248362 2022-09-30 00248362 2021-10-01 2022-09-30 00248362 2021-09-30 00248362 2020-10-01 2021-09-30 00248362 uk-core:WithinOneYear 2021-09-30 00248362 uk-core:WithinOneYear 2022-09-30 00248362 uk-core:AfterOneYear 2021-09-30 00248362 uk-core:AfterOneYear 2022-09-30 00248362 uk-core:RevaluationReserve 2022-09-30 00248362 uk-core:RevaluationReserve 2021-09-30 00248362 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 00248362 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 00248362 uk-bus:Director1 2021-10-01 2022-09-30 00248362 uk-core:Buildings 2021-10-01 2022-09-30 00248362 uk-core:FurnitureFittings 2021-10-01 2022-09-30 00248362 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2021-10-01 2022-09-30 00248362 uk-core:PlantMachinery 2021-10-01 2022-09-30 00248362 uk-core:ToolsEquipment 2021-10-01 2022-09-30 00248362 uk-core:FurnitureFittings 2021-09-30 00248362 uk-core:Buildings 2021-09-30 00248362 uk-core:Buildings 2022-09-30 00248362 uk-core:FurnitureFittings 2022-09-30 00248362 uk-core:AfterOneYear uk-core:Secured 2022-09-30 00248362 uk-core:AfterOneYear uk-core:Secured 2021-09-30 iso4217:GBP xbrli:pure 00248362 uk-bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 00248362 uk-bus:FRS102 2021-10-01 2022-09-30 00248362 uk-bus:FullAccounts 2021-10-01 2022-09-30 00248362 uk-bus:CompanyLimitedByGuarantee 2021-10-01 2022-09-30
ROYAL CORINTHIAN YACHT CLUB LIMITED
Registered Number:00248362
For the year ended 30 September 2022
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
00248362
As at 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
679,447
714,666
2
679,447
714,666
Current assets
Inventories
10,186
22,932
3
Trade and other receivables
34,078
67,177
4
186,584
Cash and cash equivalents
78,839
168,948
230,848
Trade and other payables: amounts falling due within one year
(101,306)
(129,730)
5
129,542
39,218
Net current assets
Total assets less current liabilities
718,665
844,208
Trade and other payables: amounts falling due after more than one year
(50,000)
(44,983)
6
673,682
Net assets
794,208
Capital and reserves
Revaluation reserve
466,112
475,624
7
Retained earnings
207,570
318,584
673,682
794,208
Members' Funds
For the year ended 30 September 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Aspinall Director
These financial statements were approved and authorised for issue by the Board on 12 November 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Notes to the Financial Statements
Statutory Information
ROYAL CORINTHIAN YACHT CLUB LIMITED is a private limited company, limited by guarantee, domiciled in England and Wales,
registration number 00248362.
Registered address:
The Quay
Burnham-on-Crouch
Essex
CM0 8AX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Per annum on cost
Plant and machinery
20% per annum on cost
20% Reducing balance
Pontoon
20% Reducing balance
Lift
15% per annum on cost
Catering equipment
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has
been a material change in value.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or valuation
At 01 October 2021
1,471,047
500,697
970,350
(6,601)
(10,000)
Disposals
(16,601)
At 30 September 2022
960,350
494,096
1,454,446
Provision for depreciation and impairment
At 01 October 2021
756,381
437,517
318,864
Charge for year
29,818
10,611
19,207
(11,200)
(6,600)
(4,600)
On disposal
At 30 September 2022
774,999
441,528
333,471
At 30 September 2022
Net book value
626,879
52,568
679,447
At 30 September 2021
651,486
63,180
714,666
3. Inventories
2021
2022
£
£
Stocks
22,932
10,186
4. Trade and other receivables
2021
2022
£
£
Trade debtors
180
3,803
Other debtors
66,997
30,275
34,078
67,177
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
26,043
23,492
Taxation and social security
28,184
11,377
Other creditors
75,503
66,437
129,730
101,306
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6
For the year ended 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
44,983
50,000
7. Reserves
Total
£
Revaluation reserve at 01 October 2021
475,624
Transfer to profit and loss account
(9,512)
466,112
Revaluation reserve at 30 September 2022
8. Average number of persons employed
During the year the average number of employees was 30 (2021 : 28)
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