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REGISTERED NUMBER: 10763092 (England and Wales)

Isle Of Cowes Limited

Unaudited Financial Statements

for the Year Ended 30th May 2025

| Isle Of Cowes Limited (Registered number: 10763092) |

Contents of the Financial Statements

for the year ended 30th May 2025

| Page |

| Company information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 6

| Isle Of Cowes Limited |

Company Information

for the year ended 30th May 2025

| Directors: | C Pearson

| Ms S Watson

| Registered office: | Cowes Building

| 64-66 Bridge Street

| Berwick Upon Tweed

| Northumberland

| TD15 1AQ

| Registered number: | 10763092 (England and Wales)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Isle Of Cowes Limited (Registered number: 10763092) |

Balance Sheet

30th May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 11,848 |  | 14,191 |  |

Current assets

Stocks | 2,270 |  | 2,800 |  |

Debtors | 5 | 3,400 |  | 34,700 |  |

Cash at bank | 4,477 |  | 3,086 |  |

10,147 |  | 40,586 |  |

Creditors

Amounts falling due within one year | 6 | 18,560 |  | 18,876 |  |

Net current (liabilities)/assets | (8,413 | ) | 21,710 |  |

Total assets less current liabilities | 3,435 |  | 35,901 |  |

Creditors

Amounts falling due after more than one year | 7 | (20,053 | ) | (21,621 | ) |

Provisions for liabilities | (2,251 | ) | (2,232 | ) |

Net (liabilities)/assets | (18,869 | ) | 12,048 |  |

Capital and reserves

Called up share capital | 133 |  | 133 |  |

Retained earnings | (19,002 | ) | 11,915 |  |

Shareholders' funds | (18,869 | ) | 12,048 |  |

| Isle Of Cowes Limited (Registered number: 10763092) |

Balance Sheet - continued

30th May 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th February 2026 and were signed on its behalf by:

Ms S Watson - Director

| Isle Of Cowes Limited (Registered number: 10763092) |

Notes to the Financial Statements

for the year ended 30th May 2025

1. | Statutory information

| Isle Of Cowes 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 represents the total invoice value, excluding value added tax, of food and drink sales during the year, or the fair value of services provided for amounts not invoiced at the year end.

| Turnover arising from the sale of food and drink is recognised immediately when the sale is made.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Website | - | 25% on cost

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - trade creditors, bank loans, other loans and directors' loans.

| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

| Directors' loans (being repayable on demand), trade creditors and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.

| Isle Of Cowes Limited (Registered number: 10763092) |

Notes to the Financial Statements - continued

for the year ended 30th May 2025

2. | Accounting policies - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| 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.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Employee benefits

| Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

| Going concern

| The company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.

3. | Employees and directors

| The average number of employees during the year was 5 (2024 - 4 ) .

4. | Tangible fixed assets

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Website |  | Totals

£ | £ | £ | £ |

| Cost

| At 31st May 2024 | 16,670 |  | 31,090 |  | 1,650 |  | 49,410 |  |

| Additions | 556 |  | - |  | - |  | 556 |  |

| At 30th May 2025 | 17,226 |  | 31,090 |  | 1,650 |  | 49,966 |  |

| Depreciation

| At 31st May 2024 | 10,103 |  | 23,466 |  | 1,650 |  | 35,219 |  |

| Charge for year | 1,374 |  | 1,525 |  | - |  | 2,899 |  |

| At 30th May 2025 | 11,477 |  | 24,991 |  | 1,650 |  | 38,118 |  |

| Net book value

| At 30th May 2025 | 5,749 |  | 6,099 |  | - |  | 11,848 |  |

| At 30th May 2024 | 6,567 |  | 7,624 |  | - |  | 14,191 |  |

| Isle Of Cowes Limited (Registered number: 10763092) |

Notes to the Financial Statements - continued

for the year ended 30th May 2025

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other debtors | 3,400 |  | 34,700 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 3,052 |  | 2,722 |  |

| Trade creditors | 1,306 |  | 1,444 |  |

| Taxation and social security | 6,892 |  | 11,131 |  |

| Other creditors | 7,310 |  | 3,579 |  |

18,560 |  | 18,876 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Bank loans | 20,053 |  | 21,621 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due after five years | 5,878 |  | 9,193 |  |

8. | Directors' advances, credits and guarantees

| The following advances and credits to directors subsisted during the years ended 30th May 2025 and 30th May 2024:

|  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Director 1 |  |

| Balance outstanding at start of year |  | 15,650 |  |  | 12,044 |

| Amounts advanced |  | - |  |  | 31,837 |

| Amounts repaid |  | (15,650 | ) |  | (28,231 | )

| Balance outstanding at end of year |  | - |  |  | 15,650 |

| Director 2 |  |

| Balance outstanding at start of year |  | 15,650 |  |  | 13,653 |

| Amounts advanced |  | - |  |  | 48,752 |

| Amounts repaid |  | (15,650 | ) |  | (46,755 | )

| Balance outstanding at end of year |  | - |  |  | 15,650 |

| These loans are unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.