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REGISTERED NUMBER: 05041283 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Pleasure Marine UK Limited

Pleasure Marine UK Limited (Registered number: 05041283)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pleasure Marine UK Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D J Cotterill





REGISTERED OFFICE: 9 Acton Hill Mews
Uxbridge Road
London
W3 9QN





REGISTERED NUMBER: 05041283 (England and Wales)






Pleasure Marine UK Limited (Registered number: 05041283)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,500 107,329

CURRENT ASSETS
Debtors 5 2,458 3,252
Cash at bank and in hand 207 5,021
2,665 8,273
CREDITORS
Amounts falling due within one year 6 44,623 59,064
NET CURRENT LIABILITIES (41,958 ) (50,791 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,542 56,538

CREDITORS
Amounts falling due after more than one
year

7

10,432

16,757
NET ASSETS 15,110 39,781

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,010 39,681
SHAREHOLDERS' FUNDS 15,110 39,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 12 September 2024 and were signed by:





D J Cotterill - Director


Pleasure Marine UK Limited (Registered number: 05041283)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Pleasure Marine UK 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.

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.

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.
Plant and machinery - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 159,315
DEPRECIATION
At 1 June 2023 51,986
Charge for year 39,829
At 31 May 2024 91,815
NET BOOK VALUE
At 31 May 2024 67,500
At 31 May 2023 107,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT 2,458 3,252

Pleasure Marine UK Limited (Registered number: 05041283)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,011 5,298
Tax 16 -
Social security and other taxes - 50
Directors' current accounts 32,196 51,316
Accrued expenses 2,400 2,400
44,623 59,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans - 2-5 years 10,432 16,757