Contents of the Financial Statements

for the Period Ended 30 June 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Directors

The director shown below has held office during the whole of the period from
1 April 2025 to 30 June 2025

Henry Hume-Kendall

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 October 2025

And signed on behalf of the board by:
Name: Henry Hume-Kendall
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2025

	30 June 2025	31 March 2025
	£	£
Turnover:	51,101	16,000
Cost of sales:	( 57,173 )	( 11,352 )
Gross profit(or loss):	(6,072)	4,648
Administrative expenses:	( 750 )	0
Operating profit(or loss):	(6,822)	4,648
Interest payable and similar charges:	( 120 )	( 80 )
Profit(or loss) before tax:	(6,942)	4,568
Profit(or loss) for the financial year:	(6,942)	4,568

Balance sheet

As at 30 June 2025

	Notes	30 June 2025	31 March 2025
		£	£
Fixed assets
Tangible assets:	3	825,000	825,000
Total fixed assets:		825,000	825,000
Current assets
Debtors:	4	25,615	29,000
Cash at bank and in hand:		14,855	25,082
Total current assets:		40,470	54,082
Creditors: amounts falling due within one year:	5	( 107,058 )	( 131,983 )
Net current assets (liabilities):		(66,588)	(77,901)
Total assets less current liabilities:		758,412	747,099
Creditors: amounts falling due after more than one year:	6	( 2,032,905 )	( 2,014,650 )
Total net assets (liabilities):		(1,274,493)	(1,267,551)
Capital and reserves
Called up share capital:		115	115
Other reserves:		(991,274)	(991,274 )
Profit and loss account:		(283,334 )	(276,392 )
Total Shareholders' funds:		( 1,274,493 )	(1,267,551)

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents vessel booking income, net of any brokerage payable, for charters arising in the accounting period excluding any APA, Advance Provisioning Allowance, which is set off against the relevant expenditure.

  Tangible fixed assets depreciation policy

  The vessel, the motoryacht Chantella, was acquired for a valuation of £1.5million (Euros 1,816,274) payable net as at 31 August 2019. It is valued for insurance purposes at Euros1,802million. On a forced sale Chantella would be worth considerably less, around Euros825,000. Accordingly, the vessel has been revalued at Euros825,000 for the time being.

  Valuation information and policy

  All figures are stated in Euros rather than £GBP. The exchange rate amounted to Euros1.19 to £GBP1.

Notes to the Financial Statements

for the Period Ended 30 June 2025

• 2. Employees

  	30 June 2025	31 March 2025
  Average number of employees during the period	3	3

  The number of employees varies due to the seasonal nature of the trade.