Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30falseNo description of principal activity2falsetrue2022-06-16falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14177704 2022-06-15 14177704 2022-06-16 2023-06-30 14177704 2021-06-16 2022-06-15 14177704 2023-06-30 14177704 c:Director2 2022-06-16 2023-06-30 14177704 d:PlantMachinery 2022-06-16 2023-06-30 14177704 d:PlantMachinery 2023-06-30 14177704 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-16 2023-06-30 14177704 d:CurrentFinancialInstruments 2023-06-30 14177704 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14177704 d:ShareCapital 2023-06-30 14177704 d:RetainedEarningsAccumulatedLosses 2023-06-30 14177704 c:FRS102 2022-06-16 2023-06-30 14177704 c:AuditExempt-NoAccountantsReport 2022-06-16 2023-06-30 14177704 c:FullAccounts 2022-06-16 2023-06-30 14177704 c:PrivateLimitedCompanyLtd 2022-06-16 2023-06-30 14177704 e:PoundSterling 2022-06-16 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 14177704










BILL AND ME YACHT CO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
BILL AND ME YACHT CO LTD
REGISTERED NUMBER: 14177704

BALANCE SHEET
AS AT 30 JUNE 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,813,758

  
1,813,758

Current assets
  

Debtors: amounts falling due within one year
 5 
384,336

Cash at bank and in hand
 6 
117,990

  
502,326

Creditors: amounts falling due within one year
 7 
(2,594,678)

Net current (liabilities)/assets
  
 
 
(2,092,352)

Total assets less current liabilities
  
(278,594)

  

Net (liabilities)/assets
  
(278,594)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(278,694)

  
(278,594)


Page 1

 
BILL AND ME YACHT CO LTD
REGISTERED NUMBER: 14177704
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 April 2024.




G. H. Moody
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

The company is a private company limited by shares which is incorporated under the Companies Act 2006 and registered in England and Wales (no.14177704). The address of the registered office is C/O Hill Dickinson Llp, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

2023

2


Page 4

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

4.


Tangible fixed assets





Yacht

£



Cost or valuation


Additions
1,829,000



At 30 June 2023

1,829,000



Depreciation


Charge for the period on owned assets
15,242



At 30 June 2023

15,242



Net book value



At 30 June 2023
1,813,758


5.


Debtors

2023
£


Other debtors
384,336

384,336



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
117,990

117,990


Page 5

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
2,594,678

2,594,678


 
Page 6