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REGISTERED NUMBER: 02722826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NAUTILUS YACHTING LIMITED

NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAUTILUS YACHTING LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: J Shears





SECRETARY: Mrs S C Shears





REGISTERED OFFICE: The Watermill
87 High Street
Edenbridge
Kent
TN8 5AU





REGISTERED NUMBER: 02722826 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,729 68,341
58,729 68,341

CURRENT ASSETS
Debtors 6 1,299,506 1,192,524
Cash at bank and in hand 179,679 313,417
1,479,185 1,505,941
CREDITORS
Amounts falling due within one year 7 735,212 716,430
NET CURRENT ASSETS 743,973 789,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

802,702

857,852

CREDITORS
Amounts falling due after more than one year 8 (79,166 ) (129,167 )

PROVISIONS FOR LIABILITIES (14,527 ) (16,895 )
NET ASSETS 709,009 711,790

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 679,009 681,790
SHAREHOLDERS' FUNDS 709,009 711,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

BALANCE SHEET - continued
30 September 2024


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 20 January 2025 and were signed by:





J Shears - Director


NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Nautilus 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
The turnover shown in the profit and loss accounts represents revenue receivables on sales from yachting travel agency activities, recognised on a booking date basis. Turnover also represents ancillary services booked during the year net of value added tax.

Goodwill
Goodwill represents the difference between amounts paid on the cost of the business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the income statement over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Improvements to property - 15% RB
Plant and machinery - 20% RB
Fixtures and fittings - 20% RB
Computer equipment - 20% RB


The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement..


NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 568,442
AMORTISATION
At 1 October 2023
and 30 September 2024 568,442
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 88,505
DEPRECIATION
At 1 October 2023 20,164
Charge for year 9,612
At 30 September 2024 29,776
NET BOOK VALUE
At 30 September 2024 58,729
At 30 September 2023 68,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 632,996 580,516
Amounts owed by group undertakings 645,008 602,305
Other debtors 21,502 9,703
1,299,506 1,192,524

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 590,009 573,489
Taxation and social security 46,275 46,908
Other creditors 48,928 46,033
735,212 716,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 79,166 129,167

NAUTILUS YACHTING LIMITED (REGISTERED NUMBER: 02722826)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,000 20,000
Between one and five years 23,333 43,333
43,333 63,333

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
J Shears
Balance outstanding at start of year - 532
Amounts repaid - (532 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -