REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Blue Phoenix Yachts Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Blue Phoenix Yachts Limited |
Blue Phoenix Yachts Limited (Registered number: 08061463) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Blue Phoenix Yachts Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
Blue Phoenix Yachts Limited (Registered number: 08061463) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | € | € | € | € |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
The financial statements were approved by the director and authorised for issue on |
Blue Phoenix Yachts Limited (Registered number: 08061463) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Blue Phoenix Yachts Limited is a |
The presentation currency of the financial statements is the Euro (€). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Motor and Sailing Yacht | - |
Going concern basis |
The company incurred a loss of €70,152 for the year ended 31 December 2023 (2022 - €122,268 loss) and, as of that date the company's net current liabilities were €1,486,023 (2023 - €1,456,471) . The company is dependent upon the continuing support of its shareholder without which there would be significant doubt about the company's ability to continue as a going concern.The shareholder has indicated its intention to continue providing such financial assistance to the company to enable it to continue as a going concern and to meet its obligations as they fall due. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Blue Phoenix Yachts Limited (Registered number: 08061463) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures | Motor and |
and | Sailing | Motor |
fittings | Yacht | vehicles | Totals |
€ | € | € | € |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Amounts owed by participating interests | 14,000 | - |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Trade creditors |
Other creditors |
Accruals and deferred income |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | € | € |
Ordinary | GBP£1 | 1 | 1 |
Blue Phoenix Yachts Limited (Registered number: 08061463) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
9. | RESERVES |
Retained |
earnings |
€ |
At 1 January 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2023 | ( |
) |
10. | RELATED PARTY DISCLOSURES |
Included in creditors due within one year is an amount of €886,389 (2022 - €872,389) payable to Constantinos G. Lordos for the acquisition of the Blue Phoenix Yacht. |
The amount payable is interest free and has no specified repayment date. |
11. | ULTIMATE CONTROLLING PARTY |
The company is controlled by The Lordos Foundation, established in Jersey, which owns 100% of the company's shares. |