Company No: OC423520 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	882,960		951,073
		882,960		951,073
Current assets
Debtors	4	180,961		183,006
		180,961		183,006
Creditors: amounts falling due within one year	5	( 2,802)		( 2,681)
Net current assets		178,159		180,325
Total assets less current liabilities		1,061,119		1,131,398
Creditors: amounts falling due after more than one year	6	( 34,111)		( 34,111)
Net assets attributable to members		1,027,008		1,097,287
Represented by
Members' other interests
Members' capital classified as equity		1,754,000		1,754,000
Other reserves		(726,992)		(656,713)
		1,027,008		1,097,287
		1,027,008		1,097,287
Total members' interests
Amounts due from members (included in debtors)		(180,562)		(182,607)
Members' other interests		1,027,008		1,097,287
		846,446		914,680

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, 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 LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Alexia Motor Yacht Charters LLP (registered number: OC423520) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

Ian Russell Forrest-Jones Designated member

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 period, unless otherwise stated.

General information and basis of accounting

Alexia Motor Yacht Charters LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Turnover

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance.
Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Fixtures and fittings	25 % reducing balance
Office equipment	20 % reducing balance

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transactions for an identical assets provides evidence of the fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2. Employees

	Year ended 31.03.2025		Period from 01.08.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	2		2

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	1,191,667		1,331		3,037		1,196,035
At 31 March 2025	1,191,667		1,331		3,037		1,196,035
Accumulated depreciation
At 01 April 2024	242,001		912		2,049		244,962
Charge for the financial year	67,832		84		197		68,113
At 31 March 2025	309,833		996		2,246		313,075
Net book value
At 31 March 2025	881,834		335		791		882,960
At 31 March 2024	949,666		419		988		951,073

4. Debtors

	31.03.2025		31.03.2024
	£		£
Other debtors	180,961		183,006

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans and overdrafts	2,001		2,000
Other creditors	801		681
	2,802		2,681

6. Creditors: amounts falling due after more than one year

	31.03.2025		31.03.2024
	£		£
Bank loans	34,111		34,111