Company No: 11064249 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	58,042		58,042
		58,042		58,042
Current assets
Debtors	4	10,500		0
Cash at bank and in hand		0		28,561
		10,500		28,561
Creditors: amounts falling due within one year	5	( 20,139)		( 38,200)
Net current liabilities		(9,639)		(9,639)
Total assets less current liabilities		48,403		48,403
Net assets		48,403		48,403
Capital and reserves
Called-up share capital	6	38		38
Profit and loss account		48,365		48,365
Total shareholders' funds		48,403		48,403

For the financial year ending 31 March 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 THL Superyachts Limited (registered number: 11064249) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Helen Paull 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

THL Superyachts 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 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 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 £.

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 Statement of Income and Retained Earnings 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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	58,042
At 31 March 2025	58,042
Carrying value at 31 March 2025	58,042
Carrying value at 31 March 2024	58,042

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2025	Ownership 31.03.2024
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	Ordinary A	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	Ordinary B	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	Ordinary C	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	Ordinary D	100.00%	100.00%

4. Debtors

	2025		2024
	£		£
Amounts owed by own subsidiaries	10,500		0

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to own subsidiaries	0		20,500
Other creditors	20,139		17,700
	20,139		38,200

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
38 Ordinary shares of £ 1.00 each	38		38