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REGISTERED NUMBER: 04596324 (England and Wales)

















Carlin Boat Charter Limited

Financial Statements

for the Year Ended 30 November 2024






Carlin Boat Charter Limited (Registered number: 04596324)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carlin Boat Charter Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: J G Alford
B J Alford
R W English



REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX



REGISTERED NUMBER: 04596324 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: Lloyds Bank plc
92 St Mary Street
Weymouth
Dorset
DT4 8PA

Carlin Boat Charter Limited (Registered number: 04596324)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,107,303 2,595,623
2,107,303 2,595,623

CURRENT ASSETS
Stocks 41,980 16,680
Debtors 6 227,501 589,693
Cash at bank and in hand 3,177,308 382,822
3,446,789 989,195
CREDITORS
Amounts falling due within one year 7 3,677,792 1,898,977
NET CURRENT LIABILITIES (231,003 ) (909,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,300

1,685,841

CREDITORS
Amounts falling due after more than one
year

8

(10,043

)

(511,933

)

PROVISIONS FOR LIABILITIES 10 (507,852 ) (298,540 )
NET ASSETS 1,358,405 875,368

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,358,401 875,364
SHAREHOLDERS' FUNDS 1,358,405 875,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 21 August 2025 and were signed on its behalf by:





J G Alford - Director


Carlin Boat Charter Limited (Registered number: 04596324)

Notes to the Financial Statements
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Carlin Boat Charter 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - over the unexpired term of the lease
Boat - 5% on cost
Equipment - 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 6 ) .

Carlin Boat Charter Limited (Registered number: 04596324)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 15,000
AMORTISATION
At 1 December 2023
and 30 November 2024 15,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Leasehold
property Boat Equipment Totals
£    £    £    £   
COST
At 1 December 2023 33,424 4,617,549 56,074 4,707,047
Additions 43,988 1,308,000 10,944 1,362,932
Disposals - (2,646,430 ) - (2,646,430 )
At 30 November 2024 77,412 3,279,119 67,018 3,423,549
DEPRECIATION
At 1 December 2023 1,186 2,086,731 23,507 2,111,424
Charge for year 3,202 100,238 5,441 108,881
Eliminated on disposal - (904,059 ) - (904,059 )
At 30 November 2024 4,388 1,282,910 28,948 1,316,246
NET BOOK VALUE
At 30 November 2024 73,024 1,996,209 38,070 2,107,303
At 30 November 2023 32,238 2,530,818 32,567 2,595,623

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171,934 527,592
Other debtors 38,622 38,622
Prepayments and accrued income 16,945 23,479
227,501 589,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 184,320
Other loans 1,917,145 1,255,691
Trade creditors 1,365,757 57,267
UK corporation tax 103,324 -
Tax and social security costs 5,616 6,492
Other creditors 3,482 119,443
Directors' current accounts 266,494 264,899
Accruals and deferred income 5,974 10,865
3,677,792 1,898,977

Carlin Boat Charter Limited (Registered number: 04596324)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,043 511,933

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 666,253

Lombard bank loans were secured by a Deed of Covenant, Ship Mortgages and fixed charges over the company's vessels.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 507,852 374,948
Tax losses carried forward - (76,408 )
507,852 298,540

Deferred
tax
£   
Balance at 1 December 2023 298,540
Charge to Income Statement during year 209,312
Balance at 30 November 2024 507,852

11. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has future operating lease commitments totalling £620,567.

12. RELATED PARTY DISCLOSURES

Included in other creditors are the following:

a) Directors' current accounts (in credit)

The sums of £263,962, £2,037 and £495 were owed to the directors, J G Alford, B J Alford and R W English respectively at the balance sheet date.

b) Other loans

Interest-free and unsecured funding loans are owed to the director J G Alford, Four A's Developments Ltd and Springfield Country Hotel (Stoborough) Ltd, two companies in which J G Alford is director and owns controlling shareholdings. The balances of these loans at 30 November 2024 stood at:

J G Alford £113,790
Four A's Developments Ltd £1,141,901
Springfield Country Hotel (Stoborough)
Ltd

£661,454