2024-01-01 10638123 2024-12-31 10638123 2024-01-01 2024-12-31 10638123 2023-12-31 10638123 2023-01-01 2023-12-31 10638123 uk-core:WithinOneYear 2023-12-31 10638123 uk-core:WithinOneYear 2024-12-31 10638123 uk-core:AfterOneYear 2023-12-31 10638123 uk-core:AfterOneYear 2024-12-31 10638123 uk-core:ShareCapital 2024-12-31 10638123 uk-core:ShareCapital 2023-12-31 10638123 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 10638123 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 10638123 uk-bus:Director1 2024-01-01 2024-12-31 10638123 uk-core:ComputerEquipment 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure 10638123 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10638123 uk-bus:FRS102 2024-01-01 2024-12-31 10638123 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 10638123 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31

Kraken Yachts Ltd

Registered Number:10638123

For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements

2
For the year ended 31 December 2024
Kraken Yachts Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Registered Number :

10638123

As at 31 December 2024

Kraken Yachts Ltd
Statement of Financial Position

£

£

2023
2024

Notes

Current assets

Trade and other receivables

467,921
1,677,486
3
20,294

Cash and cash equivalents

131,674
1,809,160
488,215

Trade and other payables: amounts falling due within one
year

(80,663)
(143,677)
4
407,552
1,665,483
Net current assets

Total assets less current liabilities

1,665,483
407,552

Trade and other payables: amounts falling due after more
than one year

(413,000)
(1,669,576)
5
(4,093)
Net liabilities
(5,448)

Capital and reserves

Called up share capital

100
100

Retained earnings

(4,193)
(5,548)
(4,093)
(5,448)
Shareholders' funds

For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

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

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

Julie Higdon Director

These financial statements were approved and authorised for issue by the Board on 05 September 2025 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 December 2024
Kraken Yachts Ltd
Notes to the Financial Statements
Statutory Information

Kraken Yachts Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10638123.

Registered address:

23 Robjohns Road
Widford Estate
Chelmsford
Essex

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A 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 costs convention as
modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Straight line

Computer Equipment

2. Property, plant and equipment

Computer
Equipment

£

Cost or
valuation

At 01 January 2024

1,739

At 31 December 2024

1,739

Provision for depreciation and impairment

At 01 January 2024

1,739

At 31 December 2024

1,739

At 31 December 2024

Net book value

-

At 31 December 2023

-
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5
For the year ended 31 December 2024
Kraken Yachts Ltd
Notes to the Financial Statements Continued

3. Trade and other receivables

2023
2024

£

£

Trade debtors

7,650
-

Other debtors

1,669,836
467,921
467,921
1,677,486

The debtors above include the following amounts falling due after more than one year:

Other debtors

1,669,784
434,788

4. Trade and other payables: amounts falling due within one year

2023
2024

£

£

Trade creditors

629
-

Other creditors

143,048
80,663
143,677
80,663

5. Trade and other payables: amounts falling due after more than one year

2023
2024

£

£

Other creditors

1,669,576
413,000

6. Average number of persons employed

During the year the average number of employees was 0
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