Registration number: 09915883

Bowman Yacht Charters Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Bowman Yacht Charters Limited

Company Information

Director

Cyprian Heckstall

Registered office

79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Bowman Yacht Charters Limited

(Registration number: 09915883)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	118,809	139,657
Investments	6	100	100
		118,909	139,757
Current assets
Debtors	7	2,327	3,773
Cash at bank and in hand		1	2
		2,328	3,775
Creditors: Amounts falling due within one year	8	(108,838)	(89,698)
Net current liabilities		(106,510)	(85,923)
Total assets less current liabilities		12,399	53,834
Creditors: Amounts falling due after more than one year	8	(48,277)	(67,177)
Provisions for liabilities		2,133	(2,149)
Net liabilities		(33,745)	(15,492)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(33,746)	(15,493)
Shareholders' deficit		(33,745)	(15,492)

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Bowman Yacht Charters Limited

(Registration number: 09915883)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 30 September 2025
 

......................................... Cyprian Heckstall Director

Bowman Yacht Charters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis and Cyprian Heckstall has agreed to continue to support the business for a minimum of 12 months from the date the accounts are approved.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

Government grants

Government grants are recognised on an accruals basis.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Bowman Yacht Charters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

The yacht has been included in the Financial Statements at market value. Provision has been included for the deferred tax on this revaluation at 19% resulting in an additional undiscounted deferred tax liability of £8,179.

The deferred tax value includes a deferred tax asset value of £7,746 due to unrelieved corporation tax losses carried forward at the end of the reporting period. These losses have been recognised as it is probable that they will be recovered in the next reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% Reducing balance basis
Plant and machinery	15% Reducing balance basis
Motor vehicles	25% Reducing balance basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible assets	4 years straight line

Bowman Yacht Charters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

Bowman Yacht Charters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	6,255	6,255
At 31 December 2024	6,255	6,255
Amortisation
At 1 January 2024	6,255	6,255
At 31 December 2024	6,255	6,255
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	900	3,000	200,947	204,847
Additions	-	-	312	312
At 31 December 2024	900	3,000	201,259	205,159
Depreciation
At 1 January 2024	520	1,734	62,936	65,190
Charge for the year	95	317	20,748	21,160
At 31 December 2024	615	2,051	83,684	86,350
Carrying amount
At 31 December 2024	285	949	117,575	118,809
At 31 December 2023	380	1,266	138,011	139,657

Bowman Yacht Charters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Investments

	2024 £	2023 £
Investments in subsidiaries	100	100