Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Yacht hire, crewing and leasing2023-04-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05250381 2023-04-01 2024-03-31 05250381 2022-04-01 2023-03-31 05250381 2024-03-31 05250381 2023-03-31 05250381 c:Director1 2023-04-01 2024-03-31 05250381 d:MotorVehicles 2023-04-01 2024-03-31 05250381 d:MotorVehicles 2024-03-31 05250381 d:MotorVehicles 2023-03-31 05250381 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05250381 d:CurrentFinancialInstruments 2024-03-31 05250381 d:CurrentFinancialInstruments 2023-03-31 05250381 c:FRS102 2023-04-01 2024-03-31 05250381 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05250381 c:FullAccounts 2023-04-01 2024-03-31 05250381 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 05250381






AQUA SPORTS YACHTING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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AQUA SPORTS YACHTING LIMITED
REGISTERED NUMBER:05250381

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

  

Tangible assets
 4 
464
-

  
464
-

Current assets
  

Cash at bank and in hand
 5 
126
498

  
126
498

Creditors: amounts falling due within one year
 6 
(16,010)
(36,457)

Net current liabilities
  
 
 
(15,884)
 
 
(35,959)

Total assets less current liabilities
  
(15,420)
(35,959)

  

  

  

Net assets excluding pension asset
  
(15,420)
(35,959)

Net liabilities
  
(15,420)
(35,959)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(15,421)
(35,960)

  
(15,420)
(35,959)


Page 1

 
AQUA SPORTS YACHTING LIMITED
REGISTERED NUMBER:05250381
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Williams
Director

Date: 10 October 2024

Page 2

 
AQUA SPORTS YACHTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aqua Sports Yachting Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 30 Glenferness Avenue, Bournemouth, England, BH4 9NQ. 
The principal activity of the company continued to be that of crewing and leasing.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company has net liabilities, the financial statements have been prepared on the going concern basis due to the continued support of the directors. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
AQUA SPORTS YACHTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Balance Sheet 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
543



At 31 March 2024

543



Depreciation


Charge for the year on owned assets
79



At 31 March 2024

79



Net book value



At 31 March 2024
464



At 31 March 2023
-

Page 4

 
AQUA SPORTS YACHTING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
126
498

126
498



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,200
1,600

Other creditors
13,670
33,857

Accruals and deferred income
1,140
1,000

16,010
36,457




 
Page 5