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REGISTERED NUMBER: 07495344 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Yachtman Limited

Yachtman Limited (Registered number: 07495344)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Yachtman Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G N Walrond





REGISTERED OFFICE: Studio 16, Cloisters House
8 Battersea Park Road
London
SW8 4BG





REGISTERED NUMBER: 07495344 (England and Wales)





ACCOUNTANTS: Sawin & Edwards LLP Chartered Accountants
Studio 16
Cloisters House
8 Battersea Park Road
London
SW8 4BG

Yachtman Limited (Registered number: 07495344)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 616 685

CURRENT ASSETS
Debtors 5 5,742 3,586
Cash in hand 2,468 963
8,210 4,549
CREDITORS
Amounts falling due within one year 6 (3,980 ) (17,833 )
NET CURRENT ASSETS/(LIABILITIES) 4,230 (13,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,846

(12,599

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,845 (12,600 )
4,846 (12,599 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Yachtman Limited (Registered number: 07495344)

Balance Sheet - continued
31 March 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 28 January 2025 and were signed by:





G N Walrond - Director


Yachtman Limited (Registered number: 07495344)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Yachtman 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost or valuation of each asset over its estimated useful life:

Plant and machinery - 10% Reducing balance

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.

Yachtman Limited (Registered number: 07495344)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director considers that there are no material uncertainties about the company's ability to continue as a going concern. In forming their opinion, the director has considered a period of one year from the date of signing the financial statements.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

Debtors and creditors
Basic financial assets and liabilities, including trade debtors and trade creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,250
DEPRECIATION
At 1 April 2023 1,565
Charge for year 69
At 31 March 2024 1,634
NET BOOK VALUE
At 31 March 2024 616
At 31 March 2023 685

Yachtman Limited (Registered number: 07495344)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,336 3,522
Other debtors 2,406 64
5,742 3,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,235 -
Other creditors 745 17,833
3,980 17,833

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the director .

During the year, the director incurred expenses on behalf of the company amounting to £998 (2023: £335) and made loans to the company amounting to £400 (2023: £1,400). The amount due from the director at the balance sheet date amounted to £98 (2023 - due to the director: £16,933).