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REGISTERED NUMBER: 04250377 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Superyacht Doc's Ltd

Superyacht Doc's Ltd (Registered number: 04250377)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Superyacht Doc's Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A B How
Mrs J How





SECRETARY: A B How





REGISTERED OFFICE: 6 Lester Avenue
Bedhampton
Havant
Hampshire
PO9 3HE





REGISTERED NUMBER: 04250377 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Superyacht Doc's Ltd (Registered number: 04250377)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 325,000 306,272
325,000 306,272

CURRENT ASSETS
Stocks - 13,239
Debtors 6 22,717 6,827
Cash at bank 240,189 111,835
262,906 131,901
CREDITORS
Amounts falling due within one year 7 70,548 52,048
NET CURRENT ASSETS 192,358 79,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,358

386,125

PROVISIONS FOR LIABILITIES 13,629 6,800
NET ASSETS 503,729 379,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 503,629 379,225
SHAREHOLDERS' FUNDS 503,729 379,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 profit or loss 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.

Superyacht Doc's Ltd (Registered number: 04250377)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





A B How - Director


Superyacht Doc's Ltd (Registered number: 04250377)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Superyacht Doc's Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on cost
Fixtures & fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Superyacht Doc's Ltd (Registered number: 04250377)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 4,777 11,367 16,144
DEPRECIATION
At 1 August 2022
and 31 July 2023 4,777 11,367 16,144
NET BOOK VALUE
At 31 July 2023 - - -

Superyacht Doc's Ltd (Registered number: 04250377)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 306,272
Revaluations 18,728
At 31 July 2023 325,000
NET BOOK VALUE
At 31 July 2023 325,000
At 31 July 2022 306,272

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 18,560
Valuation in 2019 20,000
Valuation in 2021 10,000
Valuation in 2023 18,728
Cost 257,712
325,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 22,178 5,944
Other debtors 539 883
22,717 6,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 250 7,394
Taxation and social security 62,550 17,440
Other creditors 7,748 27,214
70,548 52,048

8. ULTIMATE CONTROLLING PARTY

The controlling party is A B How.