HAMBLE YACHT CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
Company Registration Number: 03995733

HAMBLE YACHT CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS | PAGES
Company information | 1
Balance sheet | 2 to 3
Notes to the financial statements |  |  |  |  |  | 4 to 9

HAMBLE YACHT CARE LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTOR
S Blake
SECRETARY
J R Haddock
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
03995733 England and Wales

HAMBLE YACHT CARE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
|  |  |  |  |  |  |  |  | RESTATED
|  |  | Notes |  | 2025 |  |  |  | 2024
|  |  |  |  | £ |  |  |  | £
FIXED ASSETS
Tangible assets | 6 |  |  |  | 5,532 |  |  |  | 7,187
CURRENT ASSETS
Stock | 5,000 |  |  |  | 5,000
Debtors | 7 |  | 45,056 |  |  |  | 44,267
Cash at bank and in hand | 28,029 |  |  |  | 27,209
|  |  |  |  | 78,085 |  |  |  | 76,476
CREDITORS: Amounts falling due within one year | 8 |  | 37,332 |  |  |  | 39,397
NET CURRENT ASSETS | 40,753 |  |  |  | 37,079
TOTAL ASSETS LESS CURRENT LIABILITIES | 46,285 |  |  |  | 44,266
Provisions for liabilities and charges | - |  |  |  | 65
NET ASSETS | 46,285 |  |  |  | 44,201
CAPITAL AND RESERVES
Called up share capital | 102 |  |  |  | 102
Distributable profit and loss account | 46,183 |  |  |  | 44,099
SHAREHOLDERS' FUNDS | 46,285 |  |  |  | 44,201

HAMBLE YACHT CARE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
S Blake
Director
Date approved by the board: 4 December 2025

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 | GENERAL INFORMATION
| Hamble Yacht Care Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
| Registered office |  |  |  | Principal place of business
| C9 Glyme Court | Unit 9
| Oxford Office Village | Mercury Yacht Harbour
| Langford Lane | Satchell Lane
| Kidlington | Hamble
| Oxford | Southampton
| OX5 1LQ | SO31 4HQ
| The financial statements are presented in Sterling, which is the functional currency of the company.
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
| Basis of preparation of financial statements
| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
| Revenue recognition

| Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of the maintenance of yachts and small boat services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
| The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

| Tangible fixed assets

| Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

| Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
| Tools and equipment | 25% reducing balance basis
| Motor vehicles | 25% reducing balance basis
| Leasehold improvements | Straight line basis over 50 years
| On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Financial Instruments
| A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
| Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
| Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
| Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

| Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

| Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
| Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.
| If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Stock

| Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.
| The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors
| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
| Leases
| Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
| Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.
| Taxation
| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

| Current and deferred tax assets and liabilities are not discounted.

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Pensions
| The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

| No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4 | RESTATEMENT OF COMPARATIVES
| Within the prior year accounts a share was shown as being redeemed by the company. During the prior year the share was transferred to another shareholder and therefore the redemption should not have shown in the statement of changes in equity. The adjustment does not affect the company's profit and loss account and only has the following impact:
| Balance sheet |  |  |  |  |  |  |  | £
| Creditors (Directors loan) decrease | 1
| Share capital increase |  |  |  |  |  |  |  | (1)
5 | EMPLOYEES
| The average number of persons employed by the company (including the director) during the year was:
|  |  |  |  |  |  |  |  | 2025 |  | 2024
| Average number of employees | 4 |  | 4

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6 | TANGIBLE ASSETS
|  |  |  | Tools and equipment | Motor vehicles | Leasehold improvements | Total
|  |  |  |  | £ |  | £ |  | £ |  | £
| Cost
| At 1 April 2024 | 8,062 |  | 17,475 |  | 2,144 |  | 27,681
| Disposals | (2,286) |  | - |  | - |  | (2,286)
| At 31 March 2025 | 5,776 |  | 17,475 |  | 2,144 |  | 25,395
| Accumulated depreciation and impairments
| At 1 April 2024 | 7,188 |  | 12,404 |  | 902 |  | 20,494
| Charge for year | 176 |  | 1,268 |  | 43 |  | 1,487
| Disposals | (2,118) |  | - |  | - |  | (2,118)
| At 31 March 2025 | 5,246 |  | 13,672 |  | 945 |  | 19,863
| Net book value
| At 1 April 2024 | 874 |  | 5,071 |  | 1,242 |  | 7,187
| At 31 March 2025 | 530 |  | 3,803 |  | 1,199 |  | 5,532
7 | DEBTORS
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade debtors | 43,414 |  | 42,454
| Prepayments and accrued income | 1,471 |  | 1,813
| Other debtors | 171 |  | -
|  |  |  |  |  |  |  |  | 45,056 |  | 44,267

HAMBLE YACHT CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
8 | CREDITORS: Amounts falling due within one year | RESTATED
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade creditors | 20,322 |  | 11,842
| Taxation and social security | 7,565 |  | 12,569
| Accruals and deferred income | 2,654 |  | 1,669
| Other creditors | 6,791 |  | 13,317
|  |  |  |  |  |  |  |  | 37,332 |  | 39,397
9 | CONTINGENCIES AND COMMITMENTS
| Other Commitments
| Amounts falling due under operating leases: | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| In less than one year | 5,465 |  | 5,465
| In more than one but less than five years | 1,366 |  | 6,831
|  |  |  |  |  |  |  |  | 6,831 |  | 12,296
10 | RELATED PARTY TRANSACTIONS
| During the year, the following transactions with related parties took place:
| Director's and shareholder's loan accounts | RESTATED
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| J R Haddock |  | Amounts owed to shareholder |  | 1,829 |  | 4,529
| S Blake |  | Amounts owed to director |  | 3,562 |  | 4,388

Hamble Yacht Care Limited 03995733 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts (tagged by user) July 2024 true No description of principal activity 03995733 2023-04-01 2024-03-31 03995733 core:WithinOneYear 2024-03-31 03995733 core:ShareCapital 2024-03-31 03995733 core:RetainedEarningsAccumulatedLosses 2024-03-31 03995733 core:CurrentFinancialInstruments 2024-03-31 03995733 core:WithinOneYear core:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-03-31 03995733 core:BetweenOneFiveYears core:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-03-31 03995733 core:OtherRelatedParties 2024-03-31 03995733 core:KeyManagementIndividualGroup1 2024-03-31 03995733 2024-04-01 2025-03-31 03995733 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03995733 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03995733 bus:Director1 2024-04-01 2025-03-31 03995733 bus:CompanySecretary1 2024-04-01 2025-03-31 03995733 bus:RegisteredOffice 2024-04-01 2025-03-31 03995733 core:ToolsEquipment 2024-04-01 2025-03-31 03995733 core:MotorVehicles 2024-04-01 2025-03-31 03995733 core:LeaseholdImprovements 2024-04-01 2025-03-31 03995733 core:OtherRelatedParties 2024-04-01 2025-03-31 03995733 core:KeyManagementIndividualGroup1 2024-04-01 2025-03-31 03995733 bus:FRS102 2024-04-01 2025-03-31 03995733 bus:FilletedAccounts 2024-04-01 2025-03-31 03995733 2025-03-31 03995733 core:WithinOneYear 2025-03-31 03995733 core:ShareCapital 2025-03-31 03995733 core:RetainedEarningsAccumulatedLosses 2025-03-31 03995733 core:ToolsEquipment 2025-03-31 03995733 core:MotorVehicles 2025-03-31 03995733 core:LeaseholdImprovements 2025-03-31 03995733 core:CurrentFinancialInstruments 2025-03-31 03995733 core:WithinOneYear core:PlantEquipmentOtherAssetsUnderOperatingLeases 2025-03-31 03995733 core:BetweenOneFiveYears core:PlantEquipmentOtherAssetsUnderOperatingLeases 2025-03-31 03995733 core:OtherRelatedParties 2025-03-31 03995733 core:KeyManagementIndividualGroup1 2025-03-31 03995733 2024-03-31 03995733 core:ToolsEquipment 2024-03-31 03995733 core:MotorVehicles 2024-03-31 03995733 core:LeaseholdImprovements 2024-03-31 iso4217:GBP xbrli:pure