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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2017-10-01 00248362 2018-09-30 00248362 2017-10-01 2018-09-30 00248362 2017-09-30 00248362 2016-10-01 2017-09-30 00248362 uk-core:WithinOneYear 2017-09-30 00248362 uk-core:WithinOneYear 2018-09-30 00248362 uk-core:RevaluationReserve 2018-09-30 00248362 uk-core:RevaluationReserve 2017-09-30 00248362 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 00248362 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 00248362 uk-bus:Director1 2017-10-01 2018-09-30 00248362 uk-core:Buildings 2017-10-01 2018-09-30 00248362 uk-core:FurnitureFittings 2017-10-01 2018-09-30 00248362 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2017-10-01 2018-09-30 00248362 uk-core:PlantMachinery 2017-10-01 2018-09-30 00248362 uk-core:ToolsEquipment 2017-10-01 2018-09-30 00248362 uk-core:FurnitureFittings 2017-09-30 00248362 uk-core:Buildings 2017-09-30 00248362 uk-core:Buildings 2018-09-30 00248362 uk-core:FurnitureFittings 2018-09-30 iso4217:GBP 00248362 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 00248362 uk-bus:FRS102 2017-10-01 2018-09-30 00248362 uk-bus:FullAccounts 2017-10-01 2018-09-30 00248362 uk-bus:CompanyLimitedByGuarantee 2017-10-01 2018-09-30
ROYAL CORINTHIAN YACHT CLUB LIMITED
Registered Number:00248362
For the year ended 30 September 2018
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 September 2018
ROYAL CORINTHIAN YACHT CLUB LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 30 September 2018
ROYAL CORINTHIAN YACHT CLUB LIMITED
Statement of Financial Position
Registered Number :
00248362
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
837,284
852,774
2
837,284
852,774
Current assets
Inventories
9,808
9,939
3
Trade and other receivables
37,405
40,778
4
183,079
Cash and cash equivalents
140,336
191,053
230,292
Trade and other payables: amounts falling due within one year
(90,724)
(109,190)
5
139,568
81,863
Net current assets
Total assets less current liabilities
919,147
992,342
919,147
Net assets
992,342
Capital and reserves
Revaluation reserve
505,343
515,656
6
Retained earnings
413,804
476,686
919,147
992,342
Members' Funds
For the year ended 30 September 2018 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 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
T E Howard Director
These financial statements were approved and authorised for issue by the Board on 10 November 2018 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 September 2018
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.
2 of 4
5
For the year ended 30 September 2018
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 2017
1,477,308
441,958
1,035,350
30,150
30,150
-
Additions
At 30 September 2018
1,035,350
472,108
1,507,458
Provision for depreciation and impairment
At 01 October 2017
624,534
358,598
265,936
Charge for year
45,640
24,933
20,707
At 30 September 2018
670,174
383,531
286,643
At 30 September 2018
Net book value
748,707
88,577
837,284
At 30 September 2017
769,414
83,360
852,774
3. Inventories
2017
2018
£
£
Stocks
9,939
9,808
4. Trade and other receivables
2017
2018
£
£
Trade debtors
7,089
2,805
Other debtors
33,689
34,600
37,405
40,778
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
36,214
25,237
Taxation and social security
18,926
16,909
Other creditors
54,050
48,578
109,190
90,724
3 of 4
6
For the year ended 30 September 2018
ROYAL CORINTHIAN YACHT CLUB LIMITED
Notes to the Financial Statements Continued
6. Reserves
Total
£
Revaluation reserve at 01 October 2017
515,656
Transfer to profit and loss account
(10,313)
505,343
Revaluation reserve at 30 September 2018
4 of 4