08858615falseLuxury Yacht Maintenance2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/cd:Director12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/cd:Director22023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-02-012024-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FRS1022023-02-012024-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-02-012024-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08858615

P R Nautica Yacht Management Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

P R Nautica Yacht Management Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Royston Frederick Love
Mark Pyle
SECRETARY
Royston Frederick Love
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08858615
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

P R Nautica Yacht Management Services Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

P R Nautica Yacht Management Services Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets264,11785,489
CURRENT ASSETS
Stock60,00057,500
Debtors414,17715,336
Cash at bank and in hand7,85310,083
82,03082,919
CREDITORS: Amounts falling due within one year5174,510171,961
NET CURRENT LIABILITIES(92,480)(89,042)
TOTAL ASSETS LESS CURRENT LIABILITIES(28,363)(3,553)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(28,463)(3,653)
SHAREHOLDERS' FUNDS(28,363)(3,553)
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/10/2024 and signed on their behalf by
.............................
Royston Frederick Love
Director

P R Nautica Yacht Management Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. TANGIBLE FIXED ASSETS
Motor
YachtTotal
££
Cost
At 01/02/2023113,985113,985
At 31/01/2024113,985113,985
Depreciation
At 01/02/202328,49628,496
For the year21,37221,372
At 31/01/202449,86849,868
Net Book Amounts
At 31/01/202464,11764,117
At 31/01/202385,48985,489

P R Nautica Yacht Management Services Limited

3. STOCK 20242023
££
Stock comprises:
Work in progress60,00057,500
60,00057,500
4. DEBTORS 20242023
££
Amounts falling due within one year
VAT-1,159
Loan - Trading Partner - PRN14,17714,177
14,17715,336
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account (joint)3,9371,788
Directors current account (M Pyle)138,293138,293
Trade creditors27,48027,480
Accruals4,8004,400
174,510171,961
6. EMPLOYEES
20242023
No.No.
Average number of employees22
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100