FYH (HOLDING) LIMITED

Company Registration Number:
13444890 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

FYH (HOLDING) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

FYH (HOLDING) LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

13 months to 30 June 2022


£

£
Fixed assets
Investments: 3 11,040,003 11,040,003
Total fixed assets: 11,040,003 11,040,003
Current assets
Debtors: 4 28,041,983 1,121,145
Cash at bank and in hand: 1,971 0
Total current assets: 28,043,954 1,121,145
Creditors: amounts falling due within one year:   (123,856) (18,581)
Net current assets (liabilities): 27,920,098 1,102,564
Total assets less current liabilities: 38,960,101 12,142,567
Creditors: amounts falling due after more than one year:   (27,918,159) (1,120,001)
Total net assets (liabilities): 11,041,942 11,022,566
Capital and reserves
Called up share capital: 11,040,003 11,040,003
Profit and loss account: 1,939 (17,437)
Shareholders funds: 11,041,942 11,022,566

The notes form part of these financial statements

FYH (HOLDING) LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Jeremy James Westhead
Status: Director

The notes form part of these financial statements

FYH (HOLDING) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FYH (HOLDING) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 13 months to 30 June 2022
Average number of employees during the period 0 0

FYH (HOLDING) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Fixed investments

As at 30 June 2023 and 30 June 2022, the Company held equity investment in Fairline Yachts Holding Limited representing 100% of the issued share capital.

FYH (HOLDING) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 13 months to 30 June 2022
££
Debtors due after more than one year: 28,041,332 1,000,001

FYH (HOLDING) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Post balance sheet events

Following the year end the loan between FYH (Holding) Ltd and Fairline Yachts Holding Ltd was capitalised. By the end of February 2024, the investment in Fairline Yachts Holding Limited increased to £37,200,000.Following the year end , the loan between Hanover Active Equity Fund II S.C.A. SICAV-RAIF and the Company was capitalised by the issue of 30,098,702 ordinary shares of £1 each at par.