CP Yachts LTD - Filleted accounts

Registered number

14746358

CP Yachts LTD

Filleted Accounts

31 March 2025

CP Yachts LTD
Registered number:		14746358
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		7,168			-
Tangible assets	4		59,640			54,042
			66,808			54,042

Current assets
Debtors	5	7,760			8,686
Cash at bank and in hand		281,857			233,895
		289,617			242,581

Creditors: amounts falling due within one year	6	(308,443)			(277,767)

Net current liabilities			(18,826)			(35,186)

Total assets less current liabilities			47,982			18,856

Creditors: amounts falling due after more than one year	7		(34,556)			(41,752)



Net assets/(liabilities)			13,426			(22,896)

Capital and reserves
Called up share capital			100			-
Profit and loss account			13,326			(22,896)

Shareholders' funds			13,426			(22,896)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C Pritchard			J Pritchard
Director			Director
Approved by the board on 23 December 2025			Approved by the board on 23 December 2025

CP Yachts LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years
	Motor Vehicles	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		0


3	Intangible fixed assets					£
	Other investments - Crypto-assets:

	Cost
	Additions					7,168
	At 31 March 2025					7,168

	Amortisation
	At 31 March 2025					-

	Net book value
	At 31 March 2025					7,168

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	15,043		57,013		72,056
	Additions	31,483		-		31,483
	At 31 March 2025	46,526		57,013		103,539

	Depreciation
	At 1 April 2024	3,761		14,253		18,014
	Charge for the year	11,632		14,253		25,885
	At 31 March 2025	15,393		28,506		43,899

	Net book value
	At 31 March 2025	31,133		28,507		59,640
	At 31 March 2024	11,282		42,760		54,042


5	Debtors			2025		2024
£					£

	Trade debtors			7,385		8,686
	Other debtors			375		-
				7,760		8,686


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			8,679		8,676
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			151,755		133,746
	Taxation and social security costs			6,958		4,322
	Other creditors			141,051		131,023
				308,443		277,767




7	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			34,556		41,752


8	Related party transactions

	At the end of the year, the director was owed £123,517 (2024: £102,993) from the company. This amount was unsecured, interest free and repayable on demand.


9	Controlling party

	The directors own 100% of the shareholding of the company.


10	Other information

	CP Yachts LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Lyndum House
	12 High Street
	Petersfield
	Hampshire
	GU32 3JG