Sailwealth Group Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 15795739

		31 December 2024
	Notes	£	£
FIXED ASSETS
Investments	4		5,000

			5,000
CURRENT ASSETS
Debtors	5	59,869
Cash at bank and in hand		2,422

		62,291
Creditors: Amounts Falling Due Within One Year	6	(67,093 )

NET CURRENT ASSETS (LIABILITIES)			(4,802 )

TOTAL ASSETS LESS CURRENT LIABILITIES			198

NET ASSETS			198

CAPITAL AND RESERVES
Called up share capital	7		1,000
Profit and Loss Account			(802 )

SHAREHOLDERS' FUNDS			198

For the period ending 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 M A Bourhfir

Director

30/06/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Sailwealth Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15795739 . The registered office is Level 1 Devonshire House , 1 Mayfair Place , London , W1J 8AJ.

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. Investments

3. Average Number of Employees

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

4. Investments

	Subsidiaries
	£
Cost
As at 22 June 2024	-
Additions	5,000

As at 31 December 2024	5,000

Provision
As at 22 June 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	5,000

As at 22 June 2024	-

Subsidiaries

Details of the company's subsidiaries as at 31 December 2024 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Sailwealth Limited	Level 30, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB	A Ordinary	100.00%	-

The aggregate capital and reserves and the result for the period of the subsidiaries listed above was as follows:

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Sailwealth Group Limited

Notes to the Financial Statements (continued)

For the Period 22 June 2024 to 31 December 2024

	Capital and Reserves	Profit/(loss)
	£	£
Sailwealth Limited	4,326	(674 )

5. Debtors

	31 December 2024
	£
Due within one year
Trade debtors	16,800
Amounts owed by group undertakings	43,069

	59,869

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	16,041
Other creditors	51,052

	67,093

7. Share Capital

	31 December 2024
Allotted, called up and fully paid	£
200 Ordinary Shares of £ 5.00 each	1,000

8. Related Party Disclosures

The Company has advanced a long term, interest free loan to its subsidiary undertaking being SailWealth Limited.

The loan is unsecured, has no fixed repayment terms and remains outstanding at the reporting date. The balance receivable at year end is £42,069.13.

At the reporting date, the Company was owed £1,000 by its parent undertaking, Open Oceans Group Holdings Limited.

Subsequent to the reporting date, the balance was fully repaid.

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