Company No: 12088858 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,362,772		1,362,772
Investments	4	120		120
		1,362,892		1,362,892
Creditors: amounts falling due within one year	5	( 333,612)		( 351,108)
Net current liabilities		(333,612)		(351,108)
Total assets less current liabilities		1,029,280		1,011,784
Net assets		1,029,280		1,011,784
Capital and reserves
Called-up share capital	6	120		120
Profit and loss account		1,029,160		1,011,664
Total shareholders' funds		1,029,280		1,011,784

For the financial year ending 31 August 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Yeoward Holdings Limited (registered number: 12088858) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

Mrs A L Yeoward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yeoward Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Island Street, Salcombe, Devon, TQ8 8DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value as follows:

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 September 2024	1,362,772		1,362,772
At 31 August 2025	1,362,772		1,362,772
Accumulated depreciation
At 01 September 2024	0		0
At 31 August 2025	0		0
Net book value
At 31 August 2025	1,362,772		1,362,772
At 31 August 2024	1,362,772		1,362,772

4. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	120		120

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	120
At 31 August 2025	120
Carrying value at 31 August 2025	120
Carrying value at 31 August 2024	120

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.08.2025	Ownership 31.08.2024
Yeoward Boatyards Limited	14 Island Street, Salcombe, Devon, TQ8 8DP	Service activities incidental to water transportation.	Ordinary	100.00%	100.00%

The Principal activity of Yeoward Boatyards Limited is that of a boatyard. The company acquired all of the issued share capital of Yeoward Boatyards limited on 12 January 2020.

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	329,508		348,372
Taxation and social security	4,104		2,736
	333,612		351,108

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
60 Ordinary shares of £ 1.00 each	60		60
60 Ordinary A shares of £ 1.00 each	60		60
	120		120