Hamble Yacht Care Limited - Filleted accounts


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
CREDITORS: Amounts falling due within one year


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