Silverfin false false 30/06/2025 01/07/2024 30/06/2025 N J Barber 19/04/2006 19 March 2026 The principal activity of the Company during the financial year was the provision of high‑quality yacht fairing services. 05771151 2025-06-30 05771151 bus:Director1 2025-06-30 05771151 2024-06-30 05771151 core:CurrentFinancialInstruments 2025-06-30 05771151 core:CurrentFinancialInstruments 2024-06-30 05771151 core:ShareCapital 2025-06-30 05771151 core:ShareCapital 2024-06-30 05771151 core:RetainedEarningsAccumulatedLosses 2025-06-30 05771151 core:RetainedEarningsAccumulatedLosses 2024-06-30 05771151 core:PlantMachinery 2024-06-30 05771151 core:Vehicles 2024-06-30 05771151 core:OtherPropertyPlantEquipment 2024-06-30 05771151 core:PlantMachinery 2025-06-30 05771151 core:Vehicles 2025-06-30 05771151 core:OtherPropertyPlantEquipment 2025-06-30 05771151 2024-07-01 2025-06-30 05771151 bus:FilletedAccounts 2024-07-01 2025-06-30 05771151 bus:SmallEntities 2024-07-01 2025-06-30 05771151 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05771151 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05771151 bus:Director1 2024-07-01 2025-06-30 05771151 core:PlantMachinery 2024-07-01 2025-06-30 05771151 core:Vehicles 2024-07-01 2025-06-30 05771151 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-07-01 2025-06-30 05771151 2023-07-01 2024-06-30 05771151 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure

Company No: 05771151 (England and Wales)

# BLUE FIN YACHTS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

BLUE FIN YACHTS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

BLUE FIN YACHTS LIMITED

## BALANCE SHEET

As at 30 June 2025
BLUE FIN YACHTS LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 14,560 |  | 18,333
|  | 14,560 |  | 18,333
Current assets |  |  |  |
Stocks | 4 | 500 |  | 500
Debtors | 5 | 146,280 |  | 67,216
Cash at bank and in hand |  | 40,608 |  | 146,710
|  | 187,388 |  | 214,426
Creditors: amounts falling due within one year | 6 | ( 87,025) |  | ( 21,301)
Net current assets |  | 100,363 |  | 193,125
Total assets less current liabilities |  | 114,923 |  | 211,458
Net assets |  | 114,923 |  | 211,458
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 114,823 |  | 211,358
Total shareholder's funds |  | 114,923 |  | 211,458

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Blue Fin Yachts Limited (registered number: 05771151) were approved and authorised for issue by the Director on 19 March 2026. They were signed on its behalf by:

N J Barber Director |

BLUE FIN YACHTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
BLUE FIN YACHTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 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

Blue Fin Yachts 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 Lowin House, Tregolls Road, Truro, TR1 2NA, 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 £.

##### Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors have secured work for the forthcoming period and continue to pursue additional opportunities to support the Company’s future trading prospects.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of yacht fairing, shaping
and finishing. Turnover is shown net of value added tax, returns and discounts. The company recognises revenue
when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### 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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Other property, plant and equipment | 20 years straight line

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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 3 |  | 5

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 July 2024 | 1,091 |  | 73,840 |  | 4,550 |  | 79,481
At 30 June 2025 | 1,091 |  | 73,840 |  | 4,550 |  | 79,481
Accumulated depreciation |  |  |  |  |  |  |
At 01 July 2024 | 358 |  | 60,392 |  | 398 |  | 61,148
Charge for the financial year | 183 |  | 3,362 |  | 228 |  | 3,773
At 30 June 2025 | 541 |  | 63,754 |  | 626 |  | 64,921
Net book value |  |  |  |  |  |  |
At 30 June 2025 | 550 |  | 10,086 |  | 3,924 |  | 14,560
At 30 June 2024 | 733 |  | 13,448 |  | 4,152 |  | 18,333

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 500 |  | 500

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 82,997 |  | 553
Other debtors | 63,283 |  | 66,663
| 146,280 |  | 67,216

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 1,451 |  | 180
Taxation and social security | 0 |  | 18,515
Other creditors | 85,574 |  | 2,606
| 87,025 |  | 21,301

#### 7. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
N J Barber - 0% interest | 49,615 |  | 63,054

The opening balance for N J Barber's loan accounts was £63,054 (£79,640 - 2024). During the year advances totalling £56,048 (£72,322 - 2024) and repayments of £69,487 (£88,908 - 2024) we made. This has resulted in a closing balance at 30th June 2024 £49,615 (£63,054 - 2024).