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
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
ROYAL CORINTHIAN YACHT CLUB LIMITED
Statement of Financial Position
2021
2022
Property, plant and equipment |
679,447
714,666
2
679,447
714,666
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
466,112
475,624
7
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. |
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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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. |
The Quay
Burnham-on-Crouch
Essex
CM0 8AX
The presentation currency is £ sterling. |
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
Plant and machinery
Pontoon
Lift
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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For the year ended 30 September 2022
ROYAL CORINTHIAN YACHT CLUB LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,471,047
500,697
970,350
(6,601)
(10,000)
(16,601)
960,350
494,096
1,454,446
Provision for depreciation and impairment |
756,381
437,517
318,864
Charge for year
29,818
10,611
19,207
(11,200)
(6,600)
(4,600)
774,999
441,528
333,471
626,879
52,568
679,447
651,486
63,180
714,666
2021
2022
22,932
10,186
4. Trade and other receivables |
2021
2022
180
3,803
66,997
30,275
34,078
67,177
5. Trade and other payables: amounts falling due within one year |
2021
2022
26,043
23,492
Taxation and social security |
28,184
11,377
75,503
66,437
129,730
101,306
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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
44,983
50,000
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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