REGISTERED NUMBER: 05041283 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Pleasure Marine UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J Cotterill

REGISTERED OFFICE:

9 Acton Hill Mews

Uxbridge Road

London

W3 9QN

REGISTERED NUMBER:

05041283 (England and Wales)

FIXED ASSETS

Tangible assets

4

27,671

67,500

CURRENT ASSETS

Debtors

5

2,673

2,458

Cash at bank and in hand

4,748

207

7,421

2,665

CREDITORS

Amounts falling due within one year

6

34,623

44,623

NET CURRENT LIABILITIES

(27,202

)

(41,958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

469

25,542

CREDITORS

Amounts falling due after more than one year

7

4,200

10,432

NET (LIABILITIES)/ASSETS

(3,731

)

15,110

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,831

)

15,010

SHAREHOLDERS' FUNDS

(3,731

)

15,110

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

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

The director acknowledges his 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 director and authorised for issue on 3 January 2026 and were signed by:

D J Cotterill - Director

1.	STATUTORY INFORMATION

Pleasure Marine UK 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 June 2024

and 31 May 2025

159,315

DEPRECIATION

At 1 June 2024

91,815

Charge for year

39,829

At 31 May 2025

131,644

NET BOOK VALUE

At 31 May 2025

27,671

At 31 May 2024

67,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

VAT

2,673

2,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

19

10,011

Tax

16

16

Social security and other taxes

23

-

Directors' current accounts

32,165

32,196

Accrued expenses

2,400

2,400

34,623

44,623

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Other loans - 2-5 years

4,200

10,432