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REGISTERED NUMBER: 07994782 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LV YACHTING LIMITED

LV YACHTING LIMITED (REGISTERED NUMBER: 07994782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LV YACHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs L V Jackson





REGISTERED OFFICE: Hedge House Hangersley Hill
Hangersley
Ringwood
BH24 3JW





REGISTERED NUMBER: 07994782 (England and Wales)





ACCOUNTANTS: Graham Latham Limited
Hedge House
Hangersley Hill
Ringwood
Hampshire
BH24 3JW

LV YACHTING LIMITED (REGISTERED NUMBER: 07994782)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,038 8,300

CURRENT ASSETS
Debtors 5 143,416 304,929
Cash at bank and in hand 319,554 352,600
462,970 657,529
CREDITORS
Amounts falling due within one year 6 430,083 615,827
NET CURRENT ASSETS 32,887 41,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,925

50,002

CREDITORS
Amounts falling due after more than one
year

7

37,817

47,817
NET ASSETS 2,108 2,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,008 2,085
SHAREHOLDERS' FUNDS 2,108 2,185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

LV YACHTING LIMITED (REGISTERED NUMBER: 07994782)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 17 September 2024 and were signed by:





Mrs L V Jackson - Director


LV YACHTING LIMITED (REGISTERED NUMBER: 07994782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

LV Yachting 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 represents net income relating to charters taking place in the period up to one month after the accounting period end, excluding VAT.

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 etc - 33% on reducing balance and 10% on cost

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 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 12,327
DEPRECIATION
At 1 January 2023 4,027
Charge for year 1,262
At 31 December 2023 5,289
NET BOOK VALUE
At 31 December 2023 7,038
At 31 December 2022 8,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 142,525 262,018
Other debtors 891 42,911
143,416 304,929

LV YACHTING LIMITED (REGISTERED NUMBER: 07994782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,291 601
Trade creditors 78,155 354,234
Taxation and social security 10,160 12,413
Other creditors 334,477 248,579
430,083 615,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 37,817 47,817

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,817

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs L V Jackson
Balance outstanding at start of year 37,891 (7,689 )
Amounts advanced 77,558 88,627
Amounts repaid (115,000 ) (43,047 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449 37,891

The director repaid her overdrawn directors current account within 9 months of the year end.