Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mrs A Yeoward 04/05/2018 Miss R Yeoward 08/10/2024 07/03/2018 06 January 2025 The principal activity of the Company during the financial year was the provision of mooring facilities. 04403185 2024-08-31 04403185 bus:Director1 2024-08-31 04403185 bus:Director2 2024-08-31 04403185 2023-08-31 04403185 core:CurrentFinancialInstruments 2024-08-31 04403185 core:CurrentFinancialInstruments 2023-08-31 04403185 core:Non-currentFinancialInstruments 2024-08-31 04403185 core:Non-currentFinancialInstruments 2023-08-31 04403185 core:ShareCapital 2024-08-31 04403185 core:ShareCapital 2023-08-31 04403185 core:RetainedEarningsAccumulatedLosses 2024-08-31 04403185 core:RetainedEarningsAccumulatedLosses 2023-08-31 04403185 core:Goodwill 2023-08-31 04403185 core:Goodwill 2024-08-31 04403185 core:LandBuildings 2023-08-31 04403185 core:PlantMachinery 2023-08-31 04403185 core:Vehicles 2023-08-31 04403185 core:LandBuildings 2024-08-31 04403185 core:PlantMachinery 2024-08-31 04403185 core:Vehicles 2024-08-31 04403185 bus:OrdinaryShareClass1 2024-08-31 04403185 2023-09-01 2024-08-31 04403185 bus:FilletedAccounts 2023-09-01 2024-08-31 04403185 bus:SmallEntities 2023-09-01 2024-08-31 04403185 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04403185 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04403185 bus:Director1 2023-09-01 2024-08-31 04403185 bus:Director2 2023-09-01 2024-08-31 04403185 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 04403185 core:LandBuildings core:TopRangeValue 2023-09-01 2024-08-31 04403185 core:PlantMachinery 2023-09-01 2024-08-31 04403185 core:Vehicles 2023-09-01 2024-08-31 04403185 2022-09-01 2023-08-31 04403185 core:LandBuildings 2023-09-01 2024-08-31 04403185 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 04403185 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04403185 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04403185 (England and Wales)

YEOWARD MOORINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

YEOWARD MOORINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

YEOWARD MOORINGS LIMITED

BALANCE SHEET

As at 31 August 2024
YEOWARD MOORINGS LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 99,533 103,949
99,533 103,949
Current assets
Debtors 5 437,239 337,287
Cash at bank and in hand 49,008 70,045
486,247 407,332
Creditors: amounts falling due within one year 6 ( 129,880) ( 121,184)
Net current assets 356,367 286,148
Total assets less current liabilities 455,900 390,097
Creditors: amounts falling due after more than one year 7 ( 4,587) ( 10,566)
Provision for liabilities ( 1,090) ( 1,367)
Net assets 450,223 378,164
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 450,123 378,064
Total shareholders' funds 450,223 378,164

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Yeoward Moorings Limited (registered number: 04403185) were approved and authorised for issue by the Director on 06 January 2025. They were signed on its behalf by:

Mrs A Yeoward
Director
YEOWARD MOORINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
YEOWARD MOORINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Yeoward Moorings Limited (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 14 Island Street, Salcombe, Devon, TQ8 8DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 5 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 90,000 90,000
At 31 August 2024 90,000 90,000
Accumulated amortisation
At 01 September 2023 90,000 90,000
At 31 August 2024 90,000 90,000
Net book value
At 31 August 2024 0 0
At 31 August 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 September 2023 153,282 5,150 26,621 185,053
At 31 August 2024 153,282 5,150 26,621 185,053
Accumulated depreciation
At 01 September 2023 58,778 1,554 20,772 81,104
Charge for the financial year 3,066 180 1,170 4,416
At 31 August 2024 61,844 1,734 21,942 85,520
Net book value
At 31 August 2024 91,438 3,416 4,679 99,533
At 31 August 2023 94,504 3,596 5,849 103,949

5. Debtors

2024 2023
£ £
Trade debtors 6,101 13,870
Amounts owed by associates 409,067 323,417
Other debtors 22,071 0
437,239 337,287

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,981 5,833
Trade creditors 3,089 1,922
Taxation and social security 25,876 24,849
Other creditors 94,934 88,580
129,880 121,184

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,587 10,566

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Yeoward Boatyards Limited 409,067 323,417

Yeoward Boatyards Limited is a company with identical officers and is controlled by the same shareholders. The balance detailed above represents the intercompany loan balance at 31 August 2024.