REGISTERED NUMBER: 09467150 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SUPERYACHT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Westwood

Mrs L S Westwood

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

09467150 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

62,078

75,647

CURRENT ASSETS

Debtors

5

1,201,690

68,603

Cash at bank

345,481

368,439

1,547,171

437,042

CREDITORS

Amounts falling due within one year

6

1,189,850

278,348

NET CURRENT ASSETS

357,321

158,694

TOTAL ASSETS LESS CURRENT LIABILITIES

419,399

234,341

PROVISIONS FOR LIABILITIES

15,208

18,565

NET ASSETS

404,191

215,776

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

404,091

215,676

SHAREHOLDERS' FUNDS

404,191

215,776

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.

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 30th September 2025 and were signed on its behalf by:

D A Westwood - Director

1.	STATUTORY INFORMATION

Superyacht Services 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.

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

9,102

1,367

25,932

Additions

-

3,094

-

Grants

-

-

1,666

At 31st December 2024

9,102

4,461

27,598

DEPRECIATION

At 1st January 2024

3,861

1,043

17,127

Charge for year

525

855

2,619

At 31st December 2024

4,386

1,898

19,746

NET BOOK VALUE

At 31st December 2024

4,716

2,563

7,852

At 31st December 2023

5,241

324

8,805

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

123,173

11,769

171,343

Additions

-

1,323

4,417

Grants

-

-

1,666

At 31st December 2024

123,173

13,092

177,426

DEPRECIATION

At 1st January 2024

67,848

5,817

95,696

Charge for year

13,833

1,820

19,652

At 31st December 2024

81,681

7,637

115,348

NET BOOK VALUE

At 31st December 2024

41,492

5,455

62,078

At 31st December 2023

55,325

5,952

75,647

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

140,737

49,899

Other debtors

1,060,953

18,704

1,201,690

68,603

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

562

9,600

Taxation and social security

257,987

120,619

Other creditors

931,301

148,129

1,189,850

278,348

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

D A Westwood and Mrs L S Westwood

Balance outstanding at start of year

10,647

(1,327

)

Amounts advanced

522,947

359,520

Amounts repaid

(63,999

)

(347,546

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

469,595

10,647