Silverfin false false 31/05/2025 01/06/2024 31/05/2025 T Seabright 16/05/2014 10 July 2025 The principal activity of the Company during the financial year was providing bespoke race logistics and regatta support to Grand Prix race yachts and superyacht. 09043820 2025-05-31 09043820 bus:Director1 2025-05-31 09043820 2024-05-31 09043820 core:CurrentFinancialInstruments 2025-05-31 09043820 core:CurrentFinancialInstruments 2024-05-31 09043820 core:ShareCapital 2025-05-31 09043820 core:ShareCapital 2024-05-31 09043820 core:RetainedEarningsAccumulatedLosses 2025-05-31 09043820 core:RetainedEarningsAccumulatedLosses 2024-05-31 09043820 core:OfficeEquipment 2024-05-31 09043820 core:OfficeEquipment 2025-05-31 09043820 bus:OrdinaryShareClass1 2025-05-31 09043820 2024-06-01 2025-05-31 09043820 bus:FilletedAccounts 2024-06-01 2025-05-31 09043820 bus:SmallEntities 2024-06-01 2025-05-31 09043820 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 09043820 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 09043820 bus:Director1 2024-06-01 2025-05-31 09043820 core:OfficeEquipment core:TopRangeValue 2024-06-01 2025-05-31 09043820 2023-06-01 2024-05-31 09043820 core:OfficeEquipment 2024-06-01 2025-05-31 09043820 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 09043820 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09043820 (England and Wales)

YACHT GOPHER LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

YACHT GOPHER LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

YACHT GOPHER LIMITED

BALANCE SHEET

As at 31 May 2025
YACHT GOPHER LIMITED

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 2,747 3,015
2,747 3,015
Current assets
Debtors 4 49,238 78,313
Cash at bank and in hand 103,962 46,962
153,200 125,275
Creditors: amounts falling due within one year 5 ( 34,626) ( 17,174)
Net current assets 118,574 108,101
Total assets less current liabilities 121,321 111,116
Provision for liabilities ( 687) ( 573)
Net assets 120,634 110,543
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 120,633 110,542
Total shareholder's funds 120,634 110,543

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Yacht Gopher Limited (registered number: 09043820) were approved and authorised for issue by the Director on 10 July 2025. They were signed on its behalf by:

T Seabright
Director
YACHT GOPHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
YACHT GOPHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yacht Gopher Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Whitefield Road Whitecliff, Poole, BH14 8DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Current tax

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2024 6,777 6,777
Additions 592 592
Disposals ( 732) ( 732)
At 31 May 2025 6,637 6,637
Accumulated depreciation
At 01 June 2024 3,762 3,762
Charge for the financial year 836 836
Disposals ( 708) ( 708)
At 31 May 2025 3,890 3,890
Net book value
At 31 May 2025 2,747 2,747
At 31 May 2024 3,015 3,015

4. Debtors

2025 2024
£ £
Trade debtors 32,831 58,305
Prepayments 9,576 9,375
Other debtors 6,831 10,633
49,238 78,313

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 879 3,373
Amounts owed to director 11,175 167
Accruals 16,609 5,800
Taxation and social security 3,306 5,108
Other creditors 2,657 2,726
34,626 17,174

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary 1p shares of £ 0.01 each 1 1

7. Financial commitments

Commitments

2025 2024
£ £
Total future minimum lease payments under non-cancellable operating lease 3,176 6,352