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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
596
4,753
6,580
2,258
658
2,916
3,664
4,322
xbrli:pure
xbrli:shares
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10688311
2022-04-01
2023-03-31
10688311
2023-03-31
10688311
2022-03-31
10688311
2021-04-01
2022-03-31
10688311
2022-03-31
10688311
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10688311
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10688311
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2023-03-31
10688311
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2022-04-01
2023-03-31
10688311
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2023-03-31
10688311
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2023-03-31
10688311
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10688311
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2023-03-31
10688311
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10688311
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2022-03-31
10688311
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10688311
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10688311
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10688311
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2022-03-31
10688311
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2023-03-31
10688311
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10688311
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2022-04-01
2023-03-31
COMPANY REGISTRATION NUMBER:
10688311
Unaudited Financial Statements |
|
Year ended 31 March 2023
Statement of income and retained earnings |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
4 |
|
|
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
9 |
|
|
Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended
31 March 2023
.
Directors
The directors who served the company during the year were as follows:
Michael Anthony Newton-Woof |
|
Anthony Ross Norton |
|
Robin Charles Tupper |
|
|
|
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
11 October 2023
and signed on behalf of the board by:
Michael Anthony Newton-Woof |
Director |
|
Registered office: |
1st Floor Sutherland House |
5-6 Argyll Street |
London |
United Kingdom |
W1F 7TE |
|
Statement of Income and Retained Earnings |
|
Year ended 31 March 2023
|
2023 |
2022 |
Note |
£ |
£ |
Turnover |
5,046 |
9,499 |
|
|
|
|
------- |
------- |
Gross profit |
5,046 |
9,499 |
|
|
|
Distribution costs |
350 |
1,750 |
Administrative expenses |
3,775 |
2,332 |
|
------- |
------- |
Operating profit |
921 |
5,417 |
|
|
|
Interest payable and similar expenses |
31 |
– |
|
|
------- |
------- |
Profit before taxation |
4 |
890 |
5,417 |
|
|
|
|
Tax on profit |
294 |
664 |
|
---- |
------- |
Profit for the financial year and total comprehensive income |
596 |
4,753 |
|
---- |
------- |
|
|
|
Retained earnings at the start of the year |
13,488 |
8,735 |
|
-------- |
-------- |
Retained earnings at the end of the year |
14,084 |
13,488 |
|
-------- |
-------- |
|
|
|
All the activities of the company are from continuing operations.
Statement of Financial Position |
|
31 March 2023
Fixed assets
Intangible assets |
5 |
3,664 |
4,322 |
|
|
|
|
Current assets
Debtors |
6 |
– |
1,707 |
Cash at bank and in hand |
13,536 |
12,864 |
|
-------- |
-------- |
|
13,536 |
14,571 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
2,116 |
4,405 |
|
-------- |
-------- |
Net current assets |
11,420 |
10,166 |
|
-------- |
-------- |
Total assets less current liabilities |
15,084 |
14,488 |
|
-------- |
-------- |
Net assets |
15,084 |
14,488 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
1,000 |
1,000 |
Profit and loss account |
14,084 |
13,488 |
|
-------- |
-------- |
Shareholders funds |
15,084 |
14,488 |
|
-------- |
-------- |
|
|
|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 October 2023
, and are signed on behalf of the board by:
Michael Anthony Newton-Woof |
Director |
|
Company registration number:
10688311
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor Sutherland House, 5-6 Argyll Street, London, W1F 7TE, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Patents, trademarks and licences |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Profit before taxation
Profit before taxation is stated after charging:
|
2023 |
2022 |
|
£ |
£ |
Amortisation of intangible assets |
658 |
658 |
|
---- |
---- |
|
|
|
5.
Intangible assets
|
Patents, trademarks and licences |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
6,580 |
|
------- |
Amortisation |
|
At 1 April 2022 |
2,258 |
Charge for the year |
658 |
|
------- |
At 31 March 2023 |
2,916 |
|
------- |
Carrying amount |
|
At 31 March 2023 |
3,664 |
|
------- |
At 31 March 2022 |
4,322 |
|
------- |
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
– |
985 |
Other debtors |
– |
722 |
|
---- |
------- |
|
– |
1,707 |
|
---- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
297 |
1,147 |
Corporation tax |
989 |
664 |
Other creditors |
830 |
2,594 |
|
------- |
------- |
|
2,116 |
4,405 |
|
------- |
------- |
|
|
|
Year ended 31 March 2023
The following pages do not form part of the financial statements.
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
THE YACHT CONCIERGE LTD |
|
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THE YACHT CONCIERGE LTD for the year ended 31 March 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
HIGGINS FAIRBAIRN & CO
Chartered accountants
1st Floor
Sutherland House
5-6 Argyll Street
London
W1F 7TE
11 October 2023