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REGISTERED NUMBER: 00302083 (England and Wales)









THE HAYLING YACHT COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)






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


THE HAYLING YACHT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J L Blake
M P Blake
R J R Blake
C G W Blake





REGISTERED OFFICE: Mill Rythe
Hayling Island
Hampshire
PO11 0QQ





REGISTERED NUMBER: 00302083 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 118,148 144,231
118,148 144,231

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 6 230,506 366,880
Cash at bank and in hand 292 6,835
236,298 379,215
CREDITORS
Amounts falling due within one year 7 265,452 390,128
NET CURRENT LIABILITIES (29,154 ) (10,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,994

133,318

CREDITORS
Amounts falling due after more than one
year

8

11,247

19,374
NET ASSETS 77,747 113,944

CAPITAL AND RESERVES
Called up share capital 11 3,000 3,000
Other reserves 1,419 1,419
Retained earnings 73,328 109,525
SHAREHOLDERS' FUNDS 77,747 113,944

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 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.

THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





J L Blake - Director


THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

The Hayling Yacht Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods and services, excluding value added tax, and includes turnover where the company obtains rights to consideration during the year.

Intangible assets
Website design and development has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance and 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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.

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Website
design
and
development
£   
COST
At 1 October 2023
and 30 September 2024 2,973
AMORTISATION
At 1 October 2023
and 30 September 2024 2,973
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 141,083 512,609 22,928
Additions - 13,500 -
Disposals - (120,540 ) (13,953 )
At 30 September 2024 141,083 405,569 8,975
DEPRECIATION
At 1 October 2023 75,170 437,739 19,658
Charge for year 2,154 9,275 216
Eliminated on disposal - (94,182 ) (12,118 )
At 30 September 2024 77,324 352,832 7,756
NET BOOK VALUE
At 30 September 2024 63,759 52,737 1,219
At 30 September 2023 65,913 74,870 3,270

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 7,500 7,892 692,012
Additions - 399 13,899
Disposals - (7,892 ) (142,385 )
At 30 September 2024 7,500 399 563,526
DEPRECIATION
At 1 October 2023 7,322 7,892 547,781
Charge for year 44 100 11,789
Eliminated on disposal - (7,892 ) (114,192 )
At 30 September 2024 7,366 100 445,378
NET BOOK VALUE
At 30 September 2024 134 299 118,148
At 30 September 2023 178 - 144,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,275 289,583
Other debtors 79,231 77,297
230,506 366,880

THE HAYLING YACHT COMPANY LIMITED (REGISTERED NUMBER: 00302083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,740 17,255
Trade creditors 45,795 63,537
Amounts owed to group undertakings 56,043 69,990
Taxation and social security 18,805 36,188
Other creditors 105,069 203,158
265,452 390,128

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 11,247 19,374

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 39,740 17,255

Bank borrowings are secured by guarantees given by the director, J L Blake.

10. DEFERRED TAX
£   
Balance at 1 October 2023 (16,273 )
Accelerated capital allowances (6,286 )
Deferred tax on losses (5,766 )
Balance at 30 September 2024 (28,325 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,000 Ordinary £1 3,000 3,000

12. ULTIMATE CONTROLLING PARTY

The company's controlling party is JMCR Holdings Limited, Mill Rythe Lane, Hayling Island, Hampshire, PO11 0QQ.