Company registration number 04262644 (England and Wales)
Chester Boat Company Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Chester Boat Company Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Chester Boat Company Limited
Balance sheet
As at 30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
809,389
809,389
Current assets
Debtors
4
134
532,903
Cash at bank and in hand
-
0
41,915
134
574,818
Creditors: amounts falling due within one year
5
(361,863)
(396,144)
Net current (liabilities)/assets
(361,729)
178,674
Net assets
447,660
988,063
Capital and reserves
Called up share capital
2,000
2,000
Share premium account
399,002
399,002
Profit and loss reserves
46,658
587,061
Total equity
447,660
988,063

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 April 2026 and are signed on its behalf by:
Mr B D Clarke
Director
Company registration number 04262644 (England and Wales)
Chester Boat Company Limited
Notes to the financial statements
For the year ended 30 April 2025
- 2 -
1
Accounting policies
Company information

Chester Boat Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Souters Lane, The Groves, Chester, Cheshire, England, CH1 1SD.

1.1
Reporting period

Chester Boat Company Limited's previous financial year end has been extended by one month to the 30 April 2024.

The change in the company year end date was made in order to cater for the changing months in which the Easter bank holiday weekend falls and to establish reporting consistency and comparability for future years.

As a result of the change in year end date the comparative amounts presented within these financial statements (including the related notes) are not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Chester Boat Company Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified as receivable within one year they are not amortised but carried at face value.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Chester Boat Company Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024 - 2).

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
809,389
809,389
Fixed asset investments not carried at market value

The fixed asset investments in shares in group undertakings are carried at original acquisition cost.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
134
-
0
Other debtors
-
0
532,903
134
532,903
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
359,257
381,585
Corporation tax
-
0
3,119
Accruals and deferred income
2,606
11,440
361,863
396,144
Chester Boat Company Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 5 -
6
Related party transactions

Bithell Boats Limited (Subsidiary company)

At the balance sheet date Chester Boat Company Limited owed Bithell Boats Limited £359,257 (2024 £381,585). The outstanding balance is interest free and repayable upon demand.

2025-04-30 2024-05-01 false false false 09 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr B Clarke Mrs R Clarke Mrs R J Clarke 04262644 2024-05-01 2025-04-30 04262644 2025-04-30 04262644 2024-04-30 04262644 core:CurrentFinancialInstruments 2025-04-30 04262644 core:CurrentFinancialInstruments 2024-04-30 04262644 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 04262644 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04262644 core:ShareCapital 2025-04-30 04262644 core:ShareCapital 2024-04-30 04262644 core:SharePremium 2025-04-30 04262644 core:SharePremium 2024-04-30 04262644 core:RetainedEarningsAccumulatedLosses 2025-04-30 04262644 core:RetainedEarningsAccumulatedLosses 2024-04-30 04262644 bus:Director1 2024-05-01 2025-04-30 04262644 2023-04-01 2024-04-30 04262644 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 04262644 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 04262644 bus:FRS102 2024-05-01 2025-04-30 04262644 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 04262644 bus:Director2 2024-05-01 2025-04-30 04262644 bus:CompanySecretary1 2024-05-01 2025-04-30 04262644 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP