IRIS Accounts Production v25.3.0.601 02113148 Board of Directors Board of Directors 31.3.25 1.4.24 31.3.25 31.3.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. operating a marina and a caravan park. true true true false true true false false false false true false Ordinary 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02113148 2024-03-31 02113148 2025-03-31 02113148 2024-04-01 2025-03-31 02113148 2023-03-31 02113148 2023-04-01 2024-03-31 02113148 2024-03-31 02113148 ns15:EnglandWales 2024-04-01 2025-03-31 02113148 ns14:PoundSterling 2024-04-01 2025-03-31 02113148 ns10:Director1 2024-04-01 2025-03-31 02113148 ns10:Director2 2024-04-01 2025-03-31 02113148 ns10:Consolidated 2025-03-31 02113148 ns10:ConsolidatedGroupCompanyAccounts 2024-04-01 2025-03-31 02113148 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02113148 ns10:Consolidated ns10:MediumEntities 2024-04-01 2025-03-31 02113148 ns10:Consolidated ns10:Audited 2024-04-01 2025-03-31 02113148 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02113148 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02113148 ns10:Consolidated 2024-04-01 2025-03-31 02113148 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02113148 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02113148 ns10:FullAccounts 2024-04-01 2025-03-31 02113148 ns5:Subsidiary1 2024-04-01 2025-03-31 02113148 1 2024-04-01 2025-03-31 02113148 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 02113148 ns10:Director3 2024-04-01 2025-03-31 02113148 ns10:Director4 2024-04-01 2025-03-31 02113148 ns10:CompanySecretary1 2024-04-01 2025-03-31 02113148 ns10:RegisteredOffice 2024-04-01 2025-03-31 02113148 ns10:Consolidated 2023-04-01 2024-03-31 02113148 ns5:CurrentFinancialInstruments 2025-03-31 02113148 ns5:CurrentFinancialInstruments 2024-03-31 02113148 ns5:Non-currentFinancialInstruments 2025-03-31 02113148 ns5:Non-currentFinancialInstruments 2024-03-31 02113148 ns5:ShareCapital 2025-03-31 02113148 ns5:ShareCapital 2024-03-31 02113148 ns5:SharePremium 2025-03-31 02113148 ns5:SharePremium 2024-03-31 02113148 ns5:RevaluationReserve 2025-03-31 02113148 ns5:RevaluationReserve 2024-03-31 02113148 ns5:CapitalRedemptionReserve 2025-03-31 02113148 ns5:CapitalRedemptionReserve 2024-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02113148 ns5:ShareCapital 2023-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 02113148 ns5:SharePremium 2023-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02113148 ns5:RevaluationReserve 2023-03-31 02113148 ns5:CapitalRedemptionReserve 2023-03-31 02113148 ns5:RevaluationReserve 2023-04-01 2024-03-31 02113148 ns5:CapitalRedemptionReserve 2023-04-01 2024-03-31 02113148 ns5:RevaluationReserve 2024-04-01 2025-03-31 02113148 ns5:CapitalRedemptionReserve 2024-04-01 2025-03-31 02113148 ns5:NetGoodwill 2024-04-01 2025-03-31 02113148 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 02113148 ns5:ComputerSoftware 2024-04-01 2025-03-31 02113148 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02113148 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 02113148 ns5:PlantMachinery 2024-04-01 2025-03-31 02113148 ns5:FurnitureFittings 2024-04-01 2025-03-31 02113148 ns5:MotorVehicles 2024-04-01 2025-03-31 02113148 ns5:ComputerEquipment 2024-04-01 2025-03-31 02113148 ns5:LandBuildings 2024-03-31 02113148 ns5:LeaseholdImprovements 2024-03-31 02113148 ns5:PlantMachinery 2024-03-31 02113148 ns5:LandBuildings 2024-04-01 2025-03-31 02113148 ns5:LandBuildings 2025-03-31 02113148 ns5:LeaseholdImprovements 2025-03-31 02113148 ns5:PlantMachinery 2025-03-31 02113148 ns5:LandBuildings 2024-03-31 02113148 ns5:LeaseholdImprovements 2024-03-31 02113148 ns5:PlantMachinery 2024-03-31 02113148 ns5:FurnitureFittings 2024-03-31 02113148 ns5:MotorVehicles 2024-03-31 02113148 ns5:FurnitureFittings 2025-03-31 02113148 ns5:MotorVehicles 2025-03-31 02113148 ns5:FurnitureFittings 2024-03-31 02113148 ns5:MotorVehicles 2024-03-31 02113148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02113148 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02113148 ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02113148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-03-31 02113148 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-03-31 02113148 ns5:LeasedAssetsHeldAsLessee 2025-03-31 02113148 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:LeasedAssetsHeldAsLessee 2024-03-31 02113148 ns5:CostValuation 2024-03-31 02113148 1 ns5:Subsidiary1 2024-04-01 2025-03-31 02113148 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02113148 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02113148 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 02113148 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 02113148 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 02113148 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 02113148 ns5:WithinOneYear ns5:HirePurchaseContracts 2025-03-31 02113148 ns5:WithinOneYear ns5:HirePurchaseContracts 2024-03-31 02113148 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 02113148 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 02113148 ns5:HirePurchaseContracts 2025-03-31 02113148 ns5:HirePurchaseContracts 2024-03-31 02113148 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 02113148 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 02113148 ns5:WithinOneYear 2025-03-31 02113148 ns5:WithinOneYear 2024-03-31 02113148 ns5:BetweenOneFiveYears 2025-03-31 02113148 ns5:BetweenOneFiveYears 2024-03-31 02113148 ns5:AllPeriods 2025-03-31 02113148 ns5:AllPeriods 2024-03-31 02113148 ns5:Secured 2025-03-31 02113148 ns5:Secured 2024-03-31 02113148 ns5:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02113148 ns5:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02113148 ns5:DeferredTaxation 2024-03-31 02113148 ns5:DeferredTaxation 2024-04-01 2025-03-31 02113148 ns5:DeferredTaxation 2025-03-31 02113148 ns10:OrdinaryShareClass1 2025-03-31 02113148 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02113148 ns5:SharePremium 2024-03-31 02113148 ns5:RevaluationReserve 2024-03-31 02113148 ns5:CapitalRedemptionReserve 2024-03-31

REGISTERED NUMBER: 02113148 (England and Wales)

Whilton Marina Limited

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

| Whilton Marina Limited (Registered number: 02113148) |

Contents of the Consolidated Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Consolidated Income Statement | 9 |

| Consolidated Other Comprehensive Income | 10 |

| Consolidated Balance Sheet | 11 |

| Company Balance Sheet | 13 |

| Consolidated Statement of Changes in Equity | 15 |

| Company Statement of Changes in Equity | 16 |

| Consolidated Cash Flow Statement | 17 |

| Notes to the Consolidated Cash Flow Statement | 18 |

| Notes to the Consolidated Financial Statements | 20 |

| Whilton Marina Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | N D Steele

| R J Steele

| C R Steele

| R J P Steele

| SECRETARY: | N D Steele

| REGISTERED OFFICE: | Whilton Locks

| Whilton

| Near Daventry

| Northamptonshire

| NN11 2NH

| REGISTERED NUMBER: | 02113148 (England and Wales)

| AUDITORS: | Kilby Fox

| Statutory Auditor

| 4 Pavilion Court

| 600 Pavilion Drive

| Northampton Business Park

| Northampton

| Northamptonshire

| NN4 7SL

| Whilton Marina Limited (Registered number: 02113148) |

Group Strategic Report

for the Year Ended 31 March 2025

The directors present their strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The year ended 31 March 2025 has seen group turnover increase by £1,099,678, representing an increase of 8.9%. Gross profit has increased by £1,084,239, and the gross profit margin has increased by 5% to % 47.% (2024: 42.1%). The Company attributes this growth to static rental increases at Cosgrove, which carry very little cost of sales.

The Group continues to develop Cosgrove Park by developing more bases which will allow for more static caravans onto the park. In addition, the group have recently invested in the field adjacent to the caravan park to secure main road access and which will allow further growth in the coming years.

Overall, net profit before taxation is well up on the previous year at £1,315,254 (2024: £939,444). Overhead costs were controlled across the board, although the company continued to maintain both Cosgrove Park and Whilton Marina to a very high standard. These costs are necessary to keeping the Marinas and Cosgrove Park in top condition to ensure more customers continue to visit.

PRINCIPAL RISKS AND UNCERTAINTIES

The recent increase to interest rates has meant that borrowing is more expensive which may impact turnover for the next 12 months as this may impact potential customers ability to finance larger purchases, however the demographic that that company targets are also those individuals who will be less impacted by an increase in interest rates.

DEVELOPMENT AND PERFORMANCE

The Directors continue to keep Cosgrove Park well maintained at a large expense, which allows the company to charge higher rental fees.

The 2025 performance, particularly in terms of the increase in turnover, substantiates the investment.

ON BEHALF OF THE BOARD:

N D Steele - Director

26 August 2025

| Whilton Marina Limited (Registered number: 02113148) |

Report of the Directors

for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

DIVIDENDS

Interim dividends per share were paid as follows:

78.43 |  | - 11 April 2024

78.43 |  | - 2 July 2024

78.43 |  | - 1 October 2024

78.43 |  | - 2 January 2025

313.72 |

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 480,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

N D Steele

R J Steele

C R Steele

R J P Steele

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

| Whilton Marina Limited (Registered number: 02113148) |

Report of the Directors

for the Year Ended 31 March 2025

AUDITORS

The auditors, Kilby Fox, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N D Steele - Director

26 August 2025

Report of the Independent Auditors to the Members of

Whilton Marina Limited

Opinion

We have audited the financial statements of Whilton Marina Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Whilton Marina Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Whilton Marina Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified

- the nature of the industry and sector, control environment and business performance including the design of the Company's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

- the matters discussed among the audit engagement team and involving relevant internal specialists, including tax specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as a key audit matter related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

Report of the Independent Auditors to the Members of

Whilton Marina Limited

- reading minutes of meetings of those charged with governance

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Martin Crooke FCCA (Senior Statutory Auditor)

for and on behalf of Kilby Fox

Statutory Auditor

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

27 August 2025

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated

Income Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 13,377,055 |  | 12,373,733 |  |

Cost of sales | 7,081,019 |  | 7,161,936 |  |

GROSS PROFIT | 6,296,036 |  | 5,211,797 |  |

Administrative expenses | 4,625,641 |  | 4,101,454 |  |

1,670,395 |  | 1,110,343 |  |

Other operating income | 362,376 |  | 298,672 |  |

OPERATING PROFIT | 4 | 2,032,771 |  | 1,409,015 |  |

Interest payable and similar expenses | 5 | 295,124 |  | 196,385 |  |

PROFIT BEFORE TAXATION | 1,737,647 |  | 1,212,630 |  |

Tax on profit | 6 | 422,393 |  | 273,186 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,315,254 |  | 939,444 |  |

Profit attributable to:

Owners of the parent | 1,315,254 |  | 939,444 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated

Other Comprehensive Income

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 1,315,254 |  | 939,444 |  |

OTHER COMPREHENSIVE INCOME |

Deferred tax on revaluation | - |  | 5,785,653 |  |

Income tax relating to other comprehensive income | - |  | (1,100,921 | ) |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | - |  | 4,684,732 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,315,254 |  | 5,624,176 |  |

Total comprehensive income attributable to:

Owners of the parent | 1,315,254 |  | 5,624,176 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 33,643,663 |  | 33,210,360 |  |

Investments | 11 | - |  | - |  |

33,643,663 |  | 33,210,360 |  |

CURRENT ASSETS

Stocks | 12 | 1,721,288 |  | 2,302,770 |  |

Debtors | 13 | 237,455 |  | 158,781 |  |

Cash in hand | 785 |  | 483 |  |

1,959,528 |  | 2,462,034 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,813,029 |  | 5,513,868 |  |

NET CURRENT LIABILITIES | (2,853,501 | ) | (3,051,834 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,790,162 |  | 30,158,526 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (1,993,643 | ) | (2,269,748 | ) |

PROVISIONS FOR LIABILITIES | 19 | (5,304,216 | ) | (5,231,729 | ) |

NET ASSETS | 23,492,303 |  | 22,657,049 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated Balance Sheet - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 20 | 153 |  | 153 |  |

Share premium | 21 | 731,816 |  | 731,816 |  |

Revaluation reserve | 21 | 16,082,233 |  | 16,082,233 |  |

Capital redemption reserve | 21 | 47 |  | 47 |  |

Retained earnings | 21 | 6,678,054 |  | 5,842,800 |  |

SHAREHOLDERS' FUNDS | 23,492,303 |  | 22,657,049 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

N D Steele - Director

R J Steele - Director

| Whilton Marina Limited (Registered number: 02113148) |

Company Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | 31,246,132 |  | 30,814,354 |  |

Investments | 11 | 1,691,961 |  | 1,691,961 |  |

32,938,093 |  | 32,506,315 |  |

CURRENT ASSETS

Stocks | 12 | 1,662,288 |  | 2,280,770 |  |

Debtors | 13 | 483,770 |  | 577,627 |  |

Cash in hand | 5 |  | 21 |  |

2,146,063 |  | 2,858,418 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,695,986 |  | 5,478,869 |  |

NET CURRENT LIABILITIES | (2,549,923 | ) | (2,620,451 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 30,388,170 |  | 29,885,864 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (1,993,643 | ) | (2,269,748 | ) |

PROVISIONS FOR LIABILITIES | 19 | (5,053,056 | ) | (4,980,629 | ) |

NET ASSETS | 23,341,471 |  | 22,635,487 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Company Balance Sheet - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 20 | 153 |  | 153 |  |

Share premium | 21 | 731,816 |  | 731,816 |  |

Revaluation reserve | 21 | 15,332,233 |  | 15,332,233 |  |

Capital redemption reserve | 21 | 47 |  | 47 |  |

Retained earnings | 21 | 7,277,222 |  | 6,571,238 |  |

SHAREHOLDERS' FUNDS | 23,341,471 |  | 22,635,487 |  |

Company's profit for the financial year | 1,185,984 |  | 982,214 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

N D Steele - Director

R J Steele - Director

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Share

| capital |  | earnings |  | premium

£ | £ | £ |

Balance at 1 April 2023 | 153 |  | 5,383,356 |  | 731,816 |  |

Changes in equity

Dividends | - |  | (480,000 | ) | - |  |

Total comprehensive income | - |  | 939,444 |  | - |  |

Balance at 31 March 2024 | 153 |  | 5,842,800 |  | 731,816 |  |

Changes in equity

Dividends | - |  | (480,000 | ) | - |  |

Total comprehensive income | - |  | 1,315,254 |  | - |  |

Balance at 31 March 2025 | 153 |  | 6,678,054 |  | 731,816 |  |

| Capital |

| Revaluation |  | redemption |  | Total

| reserve |  | reserve |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 11,397,501 |  | 47 |  | 17,512,873 |  |

Changes in equity

Dividends | - |  | - |  | (480,000 | ) |

Total comprehensive income | 4,684,732 |  | - |  | 5,624,176 |  |

Balance at 31 March 2024 | 16,082,233 |  | 47 |  | 22,657,049 |  |

Changes in equity

Dividends | - |  | - |  | (480,000 | ) |

Total comprehensive income | - |  | - |  | 1,315,254 |  |

Balance at 31 March 2025 | 16,082,233 |  | 47 |  | 23,492,303 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Company Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Share

| capital |  | earnings |  | premium

£ | £ | £ |

Balance at 1 April 2023 | 153 |  | 6,069,024 |  | 731,816 |  |

Changes in equity

Dividends | - |  | (480,000 | ) | - |  |

Total comprehensive income | - |  | 982,214 |  | - |  |

Balance at 31 March 2024 | 153 |  | 6,571,238 |  | 731,816 |  |

Changes in equity

Dividends | - |  | (480,000 | ) | - |  |

Total comprehensive income | - |  | 1,185,984 |  | - |  |

Balance at 31 March 2025 | 153 |  | 7,277,222 |  | 731,816 |  |

| Capital |

| Revaluation |  | redemption |  | Total

| reserve |  | reserve |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 10,647,501 |  | 47 |  | 17,448,541 |  |

Changes in equity

Dividends | - |  | - |  | (480,000 | ) |

Total comprehensive income | 4,684,732 |  | - |  | 5,666,946 |  |

Balance at 31 March 2024 | 15,332,233 |  | 47 |  | 22,635,487 |  |

Changes in equity

Dividends | - |  | - |  | (480,000 | ) |

Total comprehensive income | - |  | - |  | 1,185,984 |  |

Balance at 31 March 2025 | 15,332,233 |  | 47 |  | 23,341,471 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,547,559 |  | 971,057 |  |

Interest paid | (295,979 | ) | (193,119 | ) |

Interest element of hire purchase payments paid | 855 |  | (3,266 | ) |

Tax paid | (266,496 | ) | (440,591 | ) |

Net cash from operating activities | 1,985,939 |  | 334,081 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (701,662 | ) | (1,841,983 | ) |

Sale of tangible fixed assets | 94,436 |  | 305,572 |  |

Net cash from investing activities | (607,226 | ) | (1,536,411 | ) |

Cash flows from financing activities

New loans in year | - |  | 1,250,000 |  |

Capital repayments in year | (37,099 | ) | (29,691 | ) |

Equity dividends paid | (480,000 | ) | (480,000 | ) |

Net cash from financing activities | (517,099 | ) | 740,309 |  |

Increase/(decrease) in cash and cash equivalents | 861,614 |  | (462,021 | ) |

Cash and cash equivalents at beginning of year | 2 | (1,556,999 | ) | (1,094,978 | ) |

Cash and cash equivalents at end of year | 2 | (695,385 | ) | (1,556,999 | ) |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,737,647 |  | 1,212,630 |  |

| Depreciation charges | 249,105 |  | 234,755 |  |

| Profit on disposal of fixed assets | (75,182 | ) | (165,918 | ) |

| Finance costs | 295,124 |  | 196,385 |  |

2,206,694 |  | 1,477,852 |  |

| Decrease/(increase) in stocks | 581,482 |  | (651,138 | ) |

| Increase in trade and other debtors | (78,674 | ) | (18,179 | ) |

| (Decrease)/increase in trade and other creditors | (161,943 | ) | 162,522 |  |

| Cash generated from operations | 2,547,559 |  | 971,057 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 785 |  | 483 |  |

| Bank overdrafts | (696,170 | ) | (1,557,482 | ) |

(695,385 | ) | (1,556,999 | ) |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 483 |  | 403 |  |

| Bank overdrafts | (1,557,482 | ) | (1,095,381 | ) |

(1,556,999 | ) | (1,094,978 | ) |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Cash Flow Statement

for the Year Ended 31 March 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.4.24 | Cash flow | At 31.3.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 483 |  | 302 |  | 785 |  |

| Bank overdrafts | (1,557,482 | ) | 861,312 |  | (696,170 | ) |

(1,556,999 | ) | 861,614 |  | (695,385 | ) |

| Debt

| Finance leases | (36,391 | ) | 37,099 |  | 708 |  |

| Debts falling due within 1 year | (336,487 | ) | 731 |  | (335,756 | ) |

| Debts falling due after 1 year | (2,259,297 | ) | 265,654 |  | (1,993,643 | ) |

(2,632,175 | ) | 303,484 |  | (2,328,691 | ) |

| Total | (4,189,174 | ) | 1,165,098 |  | (3,024,076 | ) |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Whilton Marina 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of nil years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost and not provided

| Property improvements | - | not provided

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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.

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,246,077 |  | 2,081,560 |  |

| Social security costs | 235,593 |  | 220,564 |  |

| Other pension costs | 50,965 |  | 49,080 |  |

2,532,635 |  | 2,351,204 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Directors | 4 |  | 4 |  |

| Staff | 49 |  | 53 |  |

53 |  | 57 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2024 - NIL).

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 600,000 |  | 589,677 |  |

| Directors' pension contributions to money purchase schemes | 8,100 |  | 8,461 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS - continued

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 250,000 |  | 238,500 |  |

| Pension contributions to money purchase schemes | 7,500 |  | 7,155 |  |

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 231,073 |  | 206,737 |  |

| Depreciation - assets on hire purchase contracts | 18,032 |  | 28,018 |  |

| Profit on disposal of fixed assets | (75,182 | ) | (165,918 | ) |

| Auditors' remuneration | 28,500 |  | 28,990 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 106,095 |  | 82,983 |  |

| Bank loan interest | 189,884 |  | 110,136 |  |

| Hire purchase interest | (855 | ) | 3,266 |  |

295,124 |  | 196,385 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 349,906 |  | 269,978 |  |

| Deferred tax | 72,487 |  | 3,208 |  |

| Tax on profit | 422,393 |  | 273,186 |  |

| Tax effects relating to effects of other comprehensive income |

| There were no tax effects for the year ended 31 March 2025.

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Deferred tax on revaluation | 5,785,653 |  | (1,100,921 | ) | 4,684,732 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

7. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of 10p each

| Interim | 480,000 |  | 480,000 |  |

9. | INTANGIBLE FIXED ASSETS

| Group

| Computer |

| Goodwill |  | software |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,514,027 |  | 2,170 |  | 1,516,197 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 1,514,027 |  | 2,170 |  | 1,516,197 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | - |  |

| At 31 March 2024 | - |  | - |  | - |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

10. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 30,602,038 |  | 1,245,721 |  | 3,130,502 |  |

| Additions | 204,367 |  | - |  | 481,963 |  |

| Disposals | - |  | - |  | (47,100 | ) |

| At 31 March 2025 | 30,806,405 |  | 1,245,721 |  | 3,565,365 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | - |  | 2,055,458 |  |

| Charge for year | - |  | - |  | 193,226 |  |

| Eliminated on disposal | - |  | - |  | (27,846 | ) |

| At 31 March 2025 | - |  | - |  | 2,220,838 |  |

| NET BOOK VALUE

| At 31 March 2025 | 30,806,405 |  | 1,245,721 |  | 1,344,527 |  |

| At 31 March 2024 | 30,602,038 |  | 1,245,721 |  | 1,075,044 |  |

| Fixtures |

| and |  | Motor |  | Office |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,784,339 |  | 344,323 |  | 10,339 |  | 37,117,262 |  |

| Additions | - |  | 15,332 |  | - |  | 701,662 |  |

| Disposals | - |  | - |  | - |  | (47,100 | ) |

| At 31 March 2025 | 1,784,339 |  | 359,655 |  | 10,339 |  | 37,771,824 |  |

| DEPRECIATION

| At 1 April 2024 | 1,626,152 |  | 214,953 |  | 10,339 |  | 3,906,902 |  |

| Charge for year | 23,275 |  | 32,604 |  | - |  | 249,105 |  |

| Eliminated on disposal | - |  | - |  | - |  | (27,846 | ) |

| At 31 March 2025 | 1,649,427 |  | 247,557 |  | 10,339 |  | 4,128,161 |  |

| NET BOOK VALUE

| At 31 March 2025 | 134,912 |  | 112,098 |  | - |  | 33,643,663 |  |

| At 31 March 2024 | 158,187 |  | 129,370 |  | - |  | 33,210,360 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| Valuation in 2020 | 1,000,000 |  | - |  | - |  |

| Valuation in 2023 | 4,403,685 |  | - |  | - |  |

| Cost | 25,402,720 |  | 1,245,721 |  | 3,565,365 |  |

30,806,405 |  | 1,245,721 |  | 3,565,365 |  |

| Fixtures |

| and |  | Motor |  | Office |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2020 | - |  | - |  | - |  | 1,000,000 |  |

| Valuation in 2023 | - |  | - |  | - |  | 4,403,685 |  |

| Cost | 1,784,339 |  | 359,655 |  | 10,339 |  | 32,368,139 |  |

1,784,339 |  | 359,655 |  | 10,339 |  | 37,771,824 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 243,150 |  | 81,025 |  | 324,175 |  |

| DEPRECIATION

| At 1 April 2024 | 122,934 |  | 60,617 |  | 183,551 |  |

| Charge for year | 18,032 |  | - |  | 18,032 |  |

| At 31 March 2025 | 140,966 |  | 60,617 |  | 201,583 |  |

| NET BOOK VALUE

| At 31 March 2025 | 102,184 |  | 20,408 |  | 122,592 |  |

| At 31 March 2024 | 120,216 |  | 20,408 |  | 140,624 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 29,453,310 |  | 23,704 |  | 2,914,860 |  |

| Additions | 204,367 |  | - |  | 476,981 |  |

| Disposals | - |  | - |  | (47,100 | ) |

| At 31 March 2025 | 29,657,677 |  | 23,704 |  | 3,344,741 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | - |  | 1,854,038 |  |

| Charge for year | - |  | - |  | 190,947 |  |

| Eliminated on disposal | - |  | - |  | (27,846 | ) |

| At 31 March 2025 | - |  | - |  | 2,017,139 |  |

| NET BOOK VALUE

| At 31 March 2025 | 29,657,677 |  | 23,704 |  | 1,327,602 |  |

| At 31 March 2024 | 29,453,310 |  | 23,704 |  | 1,060,822 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,693,653 |  | 337,823 |  | 34,423,350 |  |

| Additions | - |  | 15,332 |  | 696,680 |  |

| Disposals | - |  | - |  | (47,100 | ) |

| At 31 March 2025 | 1,693,653 |  | 353,155 |  | 35,072,930 |  |

| DEPRECIATION

| At 1 April 2024 | 1,546,167 |  | 208,791 |  | 3,608,996 |  |

| Charge for year | 22,123 |  | 32,578 |  | 245,648 |  |

| Eliminated on disposal | - |  | - |  | (27,846 | ) |

| At 31 March 2025 | 1,568,290 |  | 241,369 |  | 3,826,798 |  |

| NET BOOK VALUE

| At 31 March 2025 | 125,363 |  | 111,786 |  | 31,246,132 |  |

| At 31 March 2024 | 147,486 |  | 129,032 |  | 30,814,354 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 1,249,733 (2024 - £ 1,249,733 ) which is not depreciated.

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

10. | TANGIBLE FIXED ASSETS - continued

| Company

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 243,150 |  | 81,025 |  | 324,175 |  |

| DEPRECIATION

| At 1 April 2024 | 122,934 |  | 60,617 |  | 183,551 |  |

| Charge for year | 18,032 |  | - |  | 18,032 |  |

| At 31 March 2025 | 140,966 |  | 60,617 |  | 201,583 |  |

| NET BOOK VALUE

| At 31 March 2025 | 102,184 |  | 20,408 |  | 122,592 |  |

| At 31 March 2024 | 120,216 |  | 20,408 |  | 140,624 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,691,961 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,691,961 |  |

| At 31 March 2024 | 1,691,961 |  |

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| Venetian Marine (Nantwich) Limited

| Registered office:

| Nature of business: Operating marina and the sale of pleasure boats

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

12. | STOCKS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Stocks | 1,721,288 |  | 2,302,770 |  | 1,662,288 |  | 2,280,770 |  |

13. | DEBTORS

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 9,557 |  | 20,862 |  | 9,091 |  | 20,861 |  |

| Prepayments and accrued income | 227,898 |  | 137,919 |  | 191,433 |  | 117,051 |  |

237,455 |  | 158,781 |  | 200,524 |  | 137,912 |  |

| Amounts falling due after more than one year: |

| Amounts owed by group undertakings | - |  | - |  | 283,246 |  | 439,715 |  |

| Aggregate amounts | 237,455 |  | 158,781 |  | 483,770 |  | 577,627 |  |

14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 1,031,926 |  | 1,893,969 |  | 1,094,377 |  | 1,927,450 |  |

| Hire purchase contracts (see note 17) | (708 | ) | 25,940 |  | (708 | ) | 25,940 |  |

| Payments on account | 240,060 |  | 228,058 |  | 218,240 |  | 216,820 |  |

| Trade creditors | 944,077 |  | 972,643 |  | 889,032 |  | 933,710 |  |

| Corporation tax | 213,911 |  | 130,501 |  | 173,723 |  | 130,456 |  |

| Social security and other taxes | 123,615 |  | 55,930 |  | 119,050 |  | 52,429 |  |

| Pension contributions | 12,286 |  | 7,558 |  | 12,286 |  | 7,558 |  |

| VAT | 32,351 |  | 26,870 |  | 9,807 |  | 25,130 |  |

| Other creditors | 982 |  | 1,023 |  | - |  | - |  |

| Accruals and deferred income | 2,214,529 |  | 2,171,376 |  | 2,180,179 |  | 2,159,376 |  |

4,813,029 |  | 5,513,868 |  | 4,695,986 |  | 5,478,869 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Bank loans (see note 16) | 1,993,643 |  | 2,259,297 |  | 1,993,643 |  | 2,259,297 |  |

| Hire purchase contracts (see note 17) | - |  | 10,451 |  | - |  | 10,451 |  |

1,993,643 |  | 2,269,748 |  | 1,993,643 |  | 2,269,748 |  |

16. | LOANS

| An analysis of the maturity of loans is given below:

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Amounts falling due within one year or on | demand: |

| Bank overdrafts | 696,170 |  | 1,557,482 |  | 758,621 |  | 1,590,963 |  |

| Bank loans | 335,756 |  | 336,487 |  | 335,756 |  | 336,487 |  |

1,031,926 |  | 1,893,969 |  | 1,094,377 |  | 1,927,450 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 336,487 |  | 336,487 |  | 336,487 |  | 336,487 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 817,677 |  | 874,381 |  | 817,677 |  | 874,381 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 839,479 |  | 1,048,429 |  | 839,479 |  | 1,048,429 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | (708 | ) | 28,433 |  |

| Between one and five years | - |  | 11,937 |  |

(708 | ) | 40,370 |  |

| Finance charges repayable:

| Within one year | - |  | 2,493 |  |

| Between one and five years | - |  | 1,486 |  |

- |  | 3,979 |  |

| Net obligations repayable:

| Within one year | (708 | ) | 25,940 |  |

| Between one and five years | - |  | 10,451 |  |

(708 | ) | 36,391 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

17. | LEASING AGREEMENTS - continued

| Company

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | (708 | ) | 28,433 |  |

| Between one and five years | - |  | 11,937 |  |

(708 | ) | 40,370 |  |

| Finance charges repayable:

| Within one year | - |  | 2,493 |  |

| Between one and five years | - |  | 1,486 |  |

- |  | 3,979 |  |

| Net obligations repayable:

| Within one year | (708 | ) | 25,940 |  |

| Between one and five years | - |  | 10,451 |  |

(708 | ) | 36,391 |  |

| Company

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 12,733 |  | 23,980 |  |

| Between one and five years | - |  | 12,733 |  |

12,733 |  | 36,713 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Company |

2025 | 2024 |

£ | £ |

| Bank overdrafts | 758,621 |  | 1,590,963 |  |

| Bank loans | 2,329,399 |  | 2,595,784 |  |

3,088,020 |  | 4,186,747 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

19. | PROVISIONS FOR LIABILITIES

| Group |  | Company |

2025 | 2024 | 2025 | 2024 |

£ | £ | £ | £ |

| Deferred tax

| Accelerated capital allowances | 355,006 |  | 282,579 |  | 355,006 |  | 282,579 |  |

| Deferred tax | 4,949,210 |  | 4,949,150 |  | 4,698,050 |  | 4,698,050 |  |

5,304,216 |  | 5,231,729 |  | 5,053,056 |  | 4,980,629 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 5,231,729 |  |

| Charge to Income Statement during year | 72,487 |  |

| Deferred tax on revaluation |

| Balance at 31 March 2025 | 5,304,216 |  |

| Company

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 4,980,629 |  |

| Charge to Income Statement during year | 72,427 |  |

| deferred tax on revaluation |

| Balance at 31 March 2025 | 5,053,056 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,530 | Ordinary | 10p | 153 |  | 153 |  |

| Whilton Marina Limited (Registered number: 02113148) |

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 March 2025

21. | RESERVES

| Group

| Capital |

| Retained |  | Share |  | Revaluation |  | redemption |

| earnings |  | premium |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ | £ |

| At 1 April 2024 | 5,842,800 |  | 731,816 |  | 16,082,233 |  | 47 |  | 22,656,896 |  |

| Profit for the year | 1,315,254 |  | 1,315,254 |  |

| Dividends | (480,000 | ) | (480,000 | ) |

| At 31 March 2025 | 6,678,054 |  | 731,816 |  | 16,082,233 |  | 47 |  | 23,492,150 |  |

| Company

| Capital |

| Retained |  | Share |  | Revaluation |  | redemption |

| earnings |  | premium |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ | £ |

| At 1 April 2024 | 6,571,238 |  | 731,816 |  | 15,332,233 |  | 47 |  | 22,635,334 |  |

| Profit for the year | 1,185,984 |  | 1,185,984 |  |

| Dividends | (480,000 | ) | (480,000 | ) |

| At 31 March 2025 | 7,277,222 |  | 731,816 |  | 15,332,233 |  | 47 |  | 23,341,318 |  |