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REGISTERED NUMBER: 03674676 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st December 2024

for

UNION WHARF NARROWBOATS LIMITED

UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNION WHARF NARROWBOATS LIMITED

Company Information
for the year ended 31st December 2024







DIRECTORS: C W Yeoell
S M Youthed





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 03674676 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,278 196,538

CURRENT ASSETS
Stocks 2,250 2,250
Debtors 5 12,546 21,793
Cash at bank and in hand 42,634 19,995
57,430 44,038
CREDITORS
Amounts falling due within one year 6 164,963 34,384
NET CURRENT (LIABILITIES)/ASSETS (107,533 ) 9,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,745

206,192

CREDITORS
Amounts falling due after more than one year 7 28,357 123,924
NET ASSETS 44,388 82,268

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 44,385 82,265
SHAREHOLDERS' FUNDS 44,388 82,268

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

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

UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)

Balance Sheet - continued
31st December 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 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 10th July 2025 and were signed on its behalf by:




C W Yeoell - Director



S M Youthed - Director


UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Union Wharf Narrowboats 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 each asset over its estimated useful life.
Boats - 5% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

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.

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.

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.

UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Boats fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 329,080 8,722 2,404 340,206
DEPRECIATION
At 1st January 2024 133,162 8,386 2,120 143,668
Charge for year 15,892 84 284 16,260
At 31st December 2024 149,054 8,470 2,404 159,928
NET BOOK VALUE
At 31st December 2024 180,026 252 - 180,278
At 31st December 2023 195,918 336 284 196,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 10,000
Prepayments 12,546 11,793
12,546 21,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,463 16,857
Trade creditors 1,935 -
Amounts owed to group undertakings 122,652 -
Tax 2,179 10,223
Social security and other taxes 1,133 364
VAT 776 905
Other creditors 2,105 811
Directors' current accounts - 2,266
Deferred income 27,720 -
Accrued expenses 2,000 2,958
164,963 34,384

UNION WHARF NARROWBOATS LIMITED (REGISTERED NUMBER: 03674676)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 28,357 123,924

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2
1 Ordinary A shares £1 1 1
3 3

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of S & C Holdings Limited., a company registered in England and Wales.