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REGISTERED NUMBER: 04245429 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

SILSDEN BOATS (HOLIDAYS) LIMITED

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SILSDEN BOATS (HOLIDAYS) LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: P J Medlock
S J Medlock





REGISTERED OFFICE: Suite 4 St Georges Lodge
33 Oldfield Road
Bath
BA2 3ND





REGISTERED NUMBER: 04245429 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 386,077
- 386,077

CURRENT ASSETS
Stocks - 44,885
Debtors 6 155 32,497
Cash at bank and in hand - 239,600
155 316,982
CREDITORS
Amounts falling due within one year 7 - (488,977 )
NET CURRENT ASSETS/(LIABILITIES) 155 (171,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155

214,082

CAPITAL AND RESERVES
Called up share capital 8 139 139
Capital redemption reserve 16 16
Retained earnings - 213,927
SHAREHOLDERS' FUNDS 155 214,082

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Balance Sheet - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





P J Medlock - Director


SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. COMPANY INFORMATION

Silsden Boats (Holidays) Limited 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.

The principal activity of the company in the period under review was that of a dormant company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill
Goodwill is written off over its estimated useful life and has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Boats - 5% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 13 ) .

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022 151,500
Disposals (151,500 )
At 31 October 2023 -
AMORTISATION
At 1 November 2022 151,500
Eliminated on disposal (151,500 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Boats vehicles Totals
£    £    £    £   
COST
At 1 November 2022 27,572 400,000 4,495 432,067
Disposals (27,572 ) (400,000 ) (4,495 ) (432,067 )
At 31 October 2023 - - - -
DEPRECIATION
At 1 November 2022 21,625 20,000 4,365 45,990
Eliminated on disposal (21,625 ) (20,000 ) (4,365 ) (45,990 )
At 31 October 2023 - - - -
NET BOOK VALUE
At 31 October 2023 - - - -
At 31 October 2022 5,947 380,000 130 386,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,601
Amounts owed by group undertakings 155 -
Prepayments and accrued income - 26,896
155 32,497

SILSDEN BOATS (HOLIDAYS) LIMITED (REGISTERED NUMBER: 04245429)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 43,324
Amounts owed to group undertakings - 298,777
Tax - 48,786
Social security and other taxes - 3,504
VAT - 12,594
Other creditors - 5,708
Deferred income - 73,626
Accrued expenses - 2,658
- 488,977

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
139 Ordinary 1 139 139

9. RELATED PARTY DISCLOSURES

Anglo Welsh Limited is a company under common control. During the year the company repaid the loan from Anglo Welsh Limited in full. At the year end the company owed £Nil (2022: £6,046) to Anglo welsh Limited. The loan is interest free and has no set date of repayment.

Silsden Boats Limited is a company under common control. During the year the company repaid the loan from Silsden Boats Limited in full. At the year end the company owed £Nil (2022: £292,731) to Silsden Boats Limited. The loan is interest free and has no set date of repayment.

Anglo Welsh (Holdings) Limited is the parent company. During the year the company advanced loans of £155 to Anglo Welsh (Holdings) Limited. At the year end Anglo Welsh (Holdings) Limited owed £155 (2022: £Nil) to the company. The loan is interest free and has no set date of repayment.