Endeavour Sailing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05098681

ENDEAVOUR SAILING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

ENDEAVOUR SAILING LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	31 Mar 25		31 Dec 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		–		13,912

CURRENT ASSETS

Debtors	6	–	11,179
Cash at bank and in hand		–	2,208
		----	---------
		–	13,387

CREDITORS: amounts falling due within one year	7	17,721		52,545
		---------		---------
NET CURRENT LIABILITIES			17,721		39,158
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 17,721)		( 25,246)

CREDITORS: amounts falling due after more than one year	8	3,500	13,417
		---------	---------
NET LIABILITIES		( 21,221)	( 38,663)
		---------	---------

ENDEAVOUR SAILING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	31 Mar 25		31 Dec 23
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 21,321)	( 38,763)
	---------	---------
SHAREHOLDERS DEFICIT	( 21,221)	( 38,663)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

K Charlton

Director

Company registration number: 05098681

ENDEAVOUR SAILING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JANUARY 2024 TO 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Boats	-	10% reducing balance
Office equipment	-	25% reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Boats	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	705	84,848	5,176	90,729
Disposals	( 705)	( 84,848)	( 5,176)	( 90,729)
	----	---------	-------	---------
At 31 March 2025	–	–	–	–
	----	---------	-------	---------
Depreciation
At 1 January 2024	646	73,077	3,094	76,817
Charge for the period	15	1,471	651	2,137
Disposals	( 661)	( 74,548)	( 3,745)	( 78,954)
	----	---------	-------	---------
At 31 March 2025	–	–	–	–
	----	---------	-------	---------
Carrying amount
At 31 March 2025	–	–	–	–
	----	---------	-------	---------
At 31 December 2023	59	11,771	2,082	13,912
	----	---------	-------	---------

6. DEBTORS

	31 Mar 25	31 Dec 23
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	8,645
Other debtors	–	2,534
	----	---------
	–	11,179
	----	---------

7. CREDITORS: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	7,000	7,000
Trade creditors	–	279
Corporation tax	595	–
Other creditors	10,126	45,266
	---------	---------
	17,721	52,545
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	3,500	13,417
	-------	---------

The loan is repayable in equal monthly instalments and bears interest at a fixed rate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is unsecured, repayable on demand and no interest is charged.