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REGISTERED NUMBER: 04788038 (England and Wales)

| Financial Statements |

| for the Year Ended 31 July 2025 |

| for |

| Scallywag Travel Limited |

| Scallywag Travel Limited (Registered number: 04788038) |

Contents of the Financial Statements

for the Year Ended 31 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Scallywag Travel Limited |

Company Information

for the Year Ended 31 July 2025

| DIRECTOR: | Mrs S E Roberts

| REGISTERED OFFICE: | Boston House

| Henley-on-Thames

| RG9 1DY

| REGISTERED NUMBER: | 04788038 (England and Wales)

| AUDITORS: | Villars Hayward LLP

| Chartered Accountants,

| Chartered Tax Advisers and Statutory Auditors

| Boston House

| Henley-on-Thames

| RG9 1DY

| Scallywag Travel Limited (Registered number: 04788038) |

Balance Sheet

31 July 2025

| 31.7.25 | 31.7.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 30,198 |  | 66,603 |  |

Investment property | 5 | 415,000 |  | 415,000 |  |

445,198 |  | 481,603 |  |

CURRENT ASSETS

Debtors | 6 | 189,362 |  | 217,759 |  |

Cash at bank | 2,799 |  | 86,162 |  |

192,161 |  | 303,921 |  |

CREDITORS

Amounts falling due within one year | 7 | 169,089 |  | 155,076 |  |

NET CURRENT ASSETS | 23,072 |  | 148,845 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 468,270 |  | 630,448 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (327,054 | ) | (90,848 | ) |

PROVISIONS FOR LIABILITIES | (25,496 | ) | (25,998 | ) |

NET ASSETS | 115,720 |  | 513,602 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Revaluation reserve | 10 | 107,711 |  | 107,711 |  |

Retained earnings | 7,009 |  | 404,891 |  |

115,720 |  | 513,602 |  |

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 23 March 2026 and were signed by:

Mrs S E Roberts - Director

| Scallywag Travel Limited (Registered number: 04788038) |

Notes to the Financial Statements

for the Year Ended 31 July 2025

1. | STATUTORY INFORMATION

| Scallywag Travel Limited is a private company, limited by shares incorporated in England and Wales and has its registered office at Boston House, Boston Road, Henley-on-Thames, RGY 1D9.

| The principal activity of the company was that of the provision of travel services.

| The financial statements are presented in Sterling (£), which is also the functional currency of the company.

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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The accounting estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The accounting estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

| The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are considered to be the valuation of investment property. Investment property is stated at fair value based on the valuation performed by the director.

| Turnover

| Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the service is delivered.

| Tangible fixed assets

| Tangible fixed asses held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

| Boat |  | - 10% on reducing balance |  |

| Plant and machinery |  | - 25% on reducing balance |  |

| Motor vehicles |  | - 25% on reducing balance |  |

| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Taxation

| Tax on profit represents the sum of the tax currently payable and deferred tax.

| Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

| Scallywag Travel Limited (Registered number: 04788038) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| Deferred tax is recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Financial instruments

| Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

| Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

| Loans payable are measured initially at fair value, net of transaction costs, and non-current loans payable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

| Going concern

| The accounts have been prepared on the assumption that the company is able to carry on business as a going concern which the directors consider appropriate having regard to the circumstances outlined in the notes to the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures,fittings |  | Motor |

| Boat |  | & equip |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 72,495 |  | 21,163 |  | 81,949 |  | 175,607 |  |

| Disposals | - |  | - |  | (61,500 | ) | (61,500 | ) |

| At 31 July 2025 | 72,495 |  | 21,163 |  | 20,449 |  | 114,107 |  |

| DEPRECIATION

| At 1 August 2024 | 45,101 |  | 19,435 |  | 44,468 |  | 109,004 |  |

| Charge for year | 2,740 |  | 432 |  | 2,483 |  | 5,655 |  |

| Eliminated on disposal | - |  | - |  | (30,750 | ) | (30,750 | ) |

| At 31 July 2025 | 47,841 |  | 19,867 |  | 16,201 |  | 83,909 |  |

| NET BOOK VALUE

| At 31 July 2025 | 24,654 |  | 1,296 |  | 4,248 |  | 30,198 |  |

| At 31 July 2024 | 27,394 |  | 1,728 |  | 37,481 |  | 66,603 |  |

| Scallywag Travel Limited (Registered number: 04788038) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 August 2024

| and 31 July 2025 | 415,000 |  |

| NET BOOK VALUE

| At 31 July 2025 | 415,000 |  |

| At 31 July 2024 | 415,000 |  |

| The carrying value of the investment property shown in the financial statements is deemed by the director to be a fair reflection of its market value as at the balance sheet date.

| Fair value at 31 July 2025 is represented by:

£ |

| Valuation in 2021 | 77,000 |  |

| Valuation in 2023 | 30,711 |  |

| Cost | 307,289 |  |

415,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Trade debtors | 21,479 |  | 50,518 |  |

| Other debtors | 167,883 |  | 167,241 |  |

189,362 |  | 217,759 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans and overdrafts | 122,317 |  | 25,549 |  |

| Hire purchase contracts | - |  | 7,140 |  |

| Trade creditors | 27,012 |  | 14,328 |  |

| Taxation and social security | 11,897 |  | 23,176 |  |

| Other creditors | 7,863 |  | 84,883 |  |

169,089 |  | 155,076 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans | 61,797 |  | 84,475 |  |

| Hire purchase contracts | - |  | 6,373 |  |

| Other creditors | 265,257 |  | - |  |

327,054 |  | 90,848 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 61,731 |  | - |  |

| Scallywag Travel Limited (Registered number: 04788038) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.7.25 |  | 31.7.24

£ | £ |

| Bank loans | 85,932 |  | 109,998 |  |

| A first legal mortgage and debenture in favour of Barclays Bank Plc existed at the balance sheet date over the investment property.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 August 2024

| and 31 July 2025 | 107,711 |  |

11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Nicholas Smith BFP, ACA, CTA (Senior Statutory Auditor)

| for and on behalf of Villars Hayward LLP

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

| 31.7.25 |  | 31.7.24

£ | £ |

| Mrs S E Roberts

| Balance outstanding at start of year | 15,567 |  | 5,384 |  |

| Amounts advanced | - |  | 10,183 |  |

| Amounts repaid | (15,567 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 15,567 |  |

13. | RELATED PARTY TRANSACTIONS

| Included within other debtors is a balance owed by one of the shareholders totalling £133,771 (2024: £134,607).