Royal Burnham Yacht Club Limited - Abbreviated accounts 16.3

Royal Burnham Yacht Club Limited - Abbreviated accounts 16.3

ROYAL BURNHAM YACHT CLUB,LIMITED(THE) - Company Information

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REGISTERED NUMBER: 00168571 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ROYAL BURNHAM YACHT CLUB LIMITED

ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Chartered Certified Accountant's Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

ROYAL BURNHAM YACHT CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: A Bates
E Brown
D Corr
J Polturak
C B Slatter - Treasurer
M L Smith
W J Dallimore
A C F Wise
N Scott
C Corrigan
H Scott
M Brooks
A J Law
D Osborne
D Wastnage


REGISTERED OFFICE: The Quay
Burnham-on-Crouch
Essex
CM0 8AU


REGISTERED NUMBER: 00168571 (England and Wales)


ACCOUNTANT: Lescott Courts Limited
Chartered Certified Accountants
49 High Street
Burnham on Crouch
Essex
CM0 8AG


BANKERS: Barclays Bank plc
18 High Street
Burnham on Crouch
Essex
Page 1
CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROYAL BURNHAM YACHT CLUB LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial
statements of Royal Burnham Yacht Club Limited for the year ended 30 September 2016 which comprise the Income
and Expenditure Account, the Balance Sheet, and the related notes from the company's accounting records and from
information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Royal Burnham Yacht Club Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Royal Burnham Yacht Club Limited and state those matters that I have agreed to state to the Board of Directors of Royal Burnham Yacht Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Royal Burnham Yacht Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Royal Burnham Yacht Club Limited. You consider that Royal Burnham Yacht Club Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Royal Burnham Yacht Club Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Lescott Courts Limited
Chartered Certified Accountants
49 High Street
Burnham on Crouch
Essex
CM0 8AG


8 February 2017

This page does not form part of the abbreviated accounts

Page 2
ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 159,564 142,749
Investments 3 209,019 224,928
368,583 367,677

CURRENT ASSETS
Stocks 17,007 15,330
Debtors 24,820 52,422
Cash at bank and in hand 44,030 28,979
85,857 96,731
CREDITORS
Amounts falling due within one year 67,118 88,928
NET CURRENT ASSETS 18,739 7,803
TOTAL ASSETS LESS CURRENT
LIABILITIES
387,322
375,480

RESERVES
Other reserves 111,678 111,678
Income and expenditure account 275,644 263,802
387,322 375,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 8 February 2017 and were signed on its behalf by:





A Bates - Director


The notes form part of these abbreviated accounts

Page 3
ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Land and buildings - 2% on written down value of buildings
Plant and machinery etc - 20% on reducing balance

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

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

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 461,846
Additions 26,855
Disposals (6,812 )
At 30 September 2016 481,889
DEPRECIATION
At 1 October 2015 319,097
Charge for year 8,990
Eliminated on disposal (5,762 )
At 30 September 2016 322,325
NET BOOK VALUE
At 30 September 2016 159,564
At 30 September 2015 142,749

Page 4 continued...
ROYAL BURNHAM YACHT CLUB LIMITED (REGISTERED NUMBER: 00168571)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2015 224,928
Additions 44,374
Disposals (60,283 )
At 30 September 2016 209,019
NET BOOK VALUE
At 30 September 2016 209,019
At 30 September 2015 224,928

4. ROYAL BURNHAM YACHT CLUB ENDOWMENT FUND

The Royal Burnham Yacht Club Endowment Fund was created under the terms of a deed dated 24 June 2004.
The purpose of the fund is to hold monies donated to the Royal Burnham Yacht Club by members in accordance
with the terms of the deed. The transactions in the fund are included in these financial statements.

The original funds used to create the endowment fund came from a bequest from the late Clyde Cooper. Since
then other bequests have been included within the fund.

The fund is invested in a global portfolio, actively managed by LGT Vestra LLP. The market value of the fund at
Balance Sheet date was £257,705 of which £11,209 was held in cash.

Page 5