Silverfin false true 30/06/2024 01/07/2023 30/06/2024 D Luchina 28/02/2022 R Whieldon 28/02/2022 26 September 2024 The principal activity of the Company during the financial year was Yacht charters. 05504242 2024-06-30 05504242 bus:Director1 2024-06-30 05504242 bus:Director2 2024-06-30 05504242 core:CurrentFinancialInstruments 2024-06-30 05504242 core:CurrentFinancialInstruments 2023-06-30 05504242 2023-06-30 05504242 core:ShareCapital 2024-06-30 05504242 core:ShareCapital 2023-06-30 05504242 core:RetainedEarningsAccumulatedLosses 2024-06-30 05504242 core:RetainedEarningsAccumulatedLosses 2023-06-30 05504242 2023-07-01 2024-06-30 05504242 bus:FilletedAccounts 2023-07-01 2024-06-30 05504242 bus:SmallEntities 2023-07-01 2024-06-30 05504242 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05504242 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05504242 bus:Director1 2023-07-01 2024-06-30 05504242 bus:Director2 2023-07-01 2024-06-30 05504242 2022-07-01 2023-06-30 05504242 1 2023-07-01 2024-06-30 iso4217:EUR xbrli:pure

Company No: 05504242 (England and Wales)

YACHT UNION CORPORATION LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

YACHT UNION CORPORATION LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

YACHT UNION CORPORATION LTD

BALANCE SHEET

As at 30 June 2024
YACHT UNION CORPORATION LTD

BALANCE SHEET (continued)

As at 30 June 2024
2024 2023
Creditors: amounts falling due within one year 3 ( 1,609,722) ( 1,609,722)
Net current liabilities (1,609,722) (1,609,722)
Total assets less current liabilities (1,609,722) (1,609,722)
Net liabilities ( 1,609,722) ( 1,609,722)
Capital and reserves
Called-up share capital 3 3
Profit and loss account ( 1,609,725 ) ( 1,609,725 )
Total shareholder's deficit ( 1,609,722) ( 1,609,722)

Yacht Union Corporation Ltd (registered number: 05504242) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Yacht Union Corporation Ltd (registered number: 05504242) were approved and authorised for issue by the Board of Directors on 26 September 2024. They were signed on its behalf by:

R Whieldon
Director
YACHT UNION CORPORATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
YACHT UNION CORPORATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yacht Union Corporation Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in EUR which is the functional currency of the Company and rounded to the nearest €.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 2

3. Creditors: amounts falling due within one year

2024 2023
Trade creditors 66,435 66,435
Other creditors 1,543,287 1,543,287
1,609,722 1,609,722

4. Ultimate controlling party

Parent Company:

Doros Holdings UK Limited

Consolidated accounts are not required under The Companies Act 2006.