Alpha Yachts Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15136200

		30 September 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		815,833

			815,833
CURRENT ASSETS
Cash at bank and in hand		280

		280
Creditors: Amounts Falling Due Within One Year	5	(348,145 )

NET CURRENT ASSETS (LIABILITIES)			(347,865 )

TOTAL ASSETS LESS CURRENT LIABILITIES			467,968

Creditors: Amounts Falling Due After More Than One Year	6		(542,325 )

NET LIABILITIES			(74,357 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(74,358 )

SHAREHOLDERS' FUNDS			(74,357)

For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Patterson

Director

01/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Alpha Yachts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15136200 . The registered office is Unit 1 Lower Hook Business Park, Shire Lane Downe, Orpington, Kent, BR6 7GZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

10% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 13 September 2023	-
Additions	890,000

As at 30 September 2024	890,000

...CONTINUED

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Alpha Yachts Limited

Notes to the Financial Statements (continued)

For the Period 13 September 2023 to 30 September 2024

Depreciation
As at 13 September 2023	-
Provided during the period	74,167

As at 30 September 2024	74,167

Net Book Value
As at 30 September 2024	815,833

As at 13 September 2023	-

5. Creditors: Amounts Falling Due Within One Year

	30 September 2024
	£
Net obligations under finance lease and hire purchase contracts	46,100
Trade creditors	(1 )
Amounts owed to participating interests	82,200
Other creditors	219,846

	348,145

6. Creditors: Amounts Falling Due After More Than One Year

	30 September 2024
	£
Net obligations under finance lease and hire purchase contracts	542,325

7. Obligations Under Finance Leases and Hire Purchase

	30 September 2024
	£
The future minimum finance lease payments are as follows:
Not later than one year	46,100
Later than one year and not later than five years	184,400
Later than five years	357,925

	588,425

	588,425

8. Share Capital

	30 September 2024
	£
Allotted, Called up and fully paid	1

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Alpha Yachts Limited

Notes to the Financial Statements (continued)

For the Period 13 September 2023 to 30 September 2024

9. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 13 September 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mr Andrew Patterson	-	244,847	25,001	-	219,846

The above loan is unsecured, interest free and repayable on demand.

The director has also pesonally guaranteed the Hire Purchase Agreement with Lombard for the asset finance agreement.

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