REGISTERED NUMBER: 07145242 (England and Wales)

KINGSBURY WATERSPORTS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F Quill

R Quill

REGISTERED OFFICE:

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

REGISTERED NUMBER:

07145242 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

1,400,000

1,400,000

Tangible assets

5

738,834

884,460

2,138,834

2,284,460

CURRENT ASSETS

Stocks

941

783

Debtors

6

507,798

84,529

Cash at bank

103,925

353,412

612,664

438,724

CREDITORS

Amounts falling due within one year

7

182,092

119,090

NET CURRENT ASSETS

430,572

319,634

TOTAL ASSETS LESS CURRENT LIABILITIES

2,569,406

2,604,094

CREDITORS

Amounts falling due after more than one year

8

1,908,635

1,918,599

NET ASSETS

660,771

685,495

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

660,671

685,395

SHAREHOLDERS' FUNDS

660,771

685,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

D F Quill - Director

1.	STATUTORY INFORMATION

Kingsbury Watersports 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2011.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Boat

-

10% on cost

Fixtures and fittings

-

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 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.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,400,000

NET BOOK VALUE

At 31 March 2025

1,400,000

At 31 March 2024

1,400,000

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Boat

£

£

£

COST

At 1 April 2024

267,553

1,147,622

49,072

Additions

-

126,566

2,496

At 31 March 2025

267,553

1,274,188

51,568

DEPRECIATION

At 1 April 2024

-

576,719

43,059

Charge for year

-

270,521

5,157

At 31 March 2025

-

847,240

48,216

NET BOOK VALUE

At 31 March 2025

267,553

426,948

3,352

At 31 March 2024

267,553

570,903

6,013

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

265,033

12,499

1,741,779

Additions

5,751

13,112

147,925

At 31 March 2025

270,784

25,611

1,889,704

DEPRECIATION

At 1 April 2024

229,720

7,821

857,319

Charge for year

16,390

1,483

293,551

At 31 March 2025

246,110

9,304

1,150,870

NET BOOK VALUE

At 31 March 2025

24,674

16,307

738,834

At 31 March 2024

35,313

4,678

884,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

535

Directors' current accounts

490,000

-

Prepayments

17,798

83,994

507,798

84,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,688

9,572

Trade creditors

53,660

45,667

Social security and other taxes

52,223

5,228

Other creditors

14,168

6,270

Directors' current accounts

52,353

52,353

182,092

119,090

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

8,735

10,000

Bank loans - 2-5 years

-

8,699

Owed to group company

1,899,900

1,899,900

1,908,635

1,918,599

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R Quill

Balance outstanding at start of year

-

-

Amounts advanced

490,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

490,000

-

11.	ULTIMATE CONTROLLING PARTY

During the period the company was controlled by Mr D Quill and Mrs M Quill by virtue of their 100% holding of the share capital in the parent company, Kingsbury Nature & Leisure Limited.