Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsefalse2023-07-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14177704 2023-07-01 2024-06-30 14177704 2022-06-16 2023-06-30 14177704 2024-06-30 14177704 2023-06-30 14177704 c:Director2 2023-07-01 2024-06-30 14177704 d:PlantMachinery 2023-07-01 2024-06-30 14177704 d:PlantMachinery 2024-06-30 14177704 d:PlantMachinery 2023-06-30 14177704 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14177704 d:CurrentFinancialInstruments 2024-06-30 14177704 d:CurrentFinancialInstruments 2023-06-30 14177704 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14177704 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14177704 d:ShareCapital 2024-06-30 14177704 d:ShareCapital 2023-06-30 14177704 d:RetainedEarningsAccumulatedLosses 2024-06-30 14177704 d:RetainedEarningsAccumulatedLosses 2023-06-30 14177704 c:FRS102 2023-07-01 2024-06-30 14177704 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14177704 c:FullAccounts 2023-07-01 2024-06-30 14177704 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14177704 e:Euro 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14177704










BILL AND ME YACHT CO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BILL AND ME YACHT CO LTD
REGISTERED NUMBER: 14177704

BALANCE SHEET
AS AT 30 JUNE 2024

As restated
2024
2023
Note

Fixed assets
  

Tangible assets
 4 
1,632,382
1,813,758

  
1,632,382
1,813,758

Current assets
  

Debtors: amounts falling due within one year
 5 
439,189
384,321

Cash at bank and in hand
 6 
82,623
117,990

  
521,812
502,311

Creditors: amounts falling due within one year
 7 
(2,900,759)
(2,594,678)

Net current liabilities
  
 
 
(2,378,947)
 
 
(2,092,367)

Total assets less current liabilities
  
(746,565)
(278,609)

  

Net liabilities
  
(746,565)
(278,609)


Capital and reserves
  

Called up share capital 
  
85
85

Profit and loss account
  
(746,650)
(278,694)

  
(746,565)
(278,609)


Page 1

 
BILL AND ME YACHT CO LTD
REGISTERED NUMBER: 14177704
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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 on 24 February 2025.




G. H. Moody
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares which is incorporated under the Companies Act 2006 and registered in England and Wales (no.14177704). The address of the registered office is C/O Hill Dickinson Llp, The Broadgate Tower, 20 Primrose Street, London, United Kingdom, EC2A 2EW.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated 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.

Page 3

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
reducing balance

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 profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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.

 
2.6

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.


3.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

2024
2023

2

2
 

Page 4

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Yacht




Cost or valuation


At 1 July 2023
1,829,000



At 30 June 2024

1,829,000



Depreciation


At 1 July 2023
15,242


Charge for the year on owned assets
181,376



At 30 June 2024

196,618



Net book value



At 30 June 2024
1,632,382



At 30 June 2023
1,813,758


5.


Debtors

2024
2023


Other debtors
439,189
384,321

439,189
384,321



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
82,623
117,990

82,623
117,990


Page 5

 
BILL AND ME YACHT CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Other creditors
2,897,519
2,594,678

Accruals and deferred income
3,240
-

2,900,759
2,594,678


 
Page 6