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REGISTERED NUMBER: 12179891 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CLASSIC YACHT MANAGEMENT LTD

CLASSIC YACHT MANAGEMENT LTD (REGISTERED NUMBER: 12179891)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC YACHT MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: A J Hook
A R Hook





REGISTERED OFFICE: The Recess Bledlow Road
Saunderton
Princes Risborough
Buckinghamshire
HP27 9NG





REGISTERED NUMBER: 12179891 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

CLASSIC YACHT MANAGEMENT LTD (REGISTERED NUMBER: 12179891)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,971 6,522

CURRENT ASSETS
Debtors 40,533 18,316
Cash at bank 33,378 47,814
73,911 66,130
CREDITORS
Amounts falling due within one year 54,205 44,761
NET CURRENT ASSETS 19,706 21,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,677

27,891

PROVISIONS FOR LIABILITIES 1,243 1,630
NET ASSETS 23,434 26,261

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,432 26,259
SHAREHOLDERS' FUNDS 23,434 26,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CLASSIC YACHT MANAGEMENT LTD (REGISTERED NUMBER: 12179891)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




A J Hook - Director



A R Hook - Director


CLASSIC YACHT MANAGEMENT LTD (REGISTERED NUMBER: 12179891)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Classic Yacht Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CLASSIC YACHT MANAGEMENT LTD (REGISTERED NUMBER: 12179891)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 14,095
Additions 514
At 31 August 2024 14,609
DEPRECIATION
At 1 September 2023 7,573
Charge for year 2,065
At 31 August 2024 9,638
NET BOOK VALUE
At 31 August 2024 4,971
At 31 August 2023 6,522

5. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £964 (2023 - £1,826) owed to the directors by the company.