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Company No: 05103154 (England and Wales)

# WHITSTABLE WINDSURFING LIMITED

### Unaudited Financial Statements
For the financial year ended 29 December 2025
Pages for filing with the registrar

WHITSTABLE WINDSURFING LIMITED

## Unaudited Financial Statements

For the financial year ended 29 December 2025

Contents

WHITSTABLE WINDSURFING LIMITED

## COMPANY INFORMATION

For the financial year ended 29 December 2025
WHITSTABLE WINDSURFING LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 29 December 2025

Directors | M Tuckwood
| J Tuckwood

Secretary | M Tuckwood

Registered office | 2nd Floor
| Maritime Place Quayside
| Chatham Maritime
| Chatham
| ME4 4QZ
| United Kingdom

Company number | 05103154 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor, Maritime Place
| Quayside
| Chatham Maritime
| Chatham
| Kent
| ME4 4QZ

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WHITSTABLE WINDSURFING LIMITED

For the financial year ended 29 December 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WHITSTABLE WINDSURFING LIMITED (continued)

For the financial year ended 29 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitstable Windsurfing Limited for the financial year ended 29 December 2025 which comprise the Balance Sheet and the related notes 1 to 12 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Whitstable Windsurfing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Whitstable Windsurfing Limited. You consider that Whitstable Windsurfing Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Whitstable Windsurfing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Whitstable Windsurfing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Whitstable Windsurfing Limited and state those matters that we have agreed to state to the Board of Directors of Whitstable Windsurfing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitstable Windsurfing Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

17 April 2026

WHITSTABLE WINDSURFING LIMITED

## BALANCE SHEET

As at 29 December 2025
WHITSTABLE WINDSURFING LIMITED

## BALANCE SHEET (continued)

As at 29 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 3,001 |  | 4,501
Tangible assets | 4 | 50,399 |  | 49,685
Investments | 5 | 1 |  | 1
|  | 53,401 |  | 54,187
Current assets |  |  |  |
Stocks |  | 74,000 |  | 76,000
Debtors | 6 | 3,213 |  | 8,806
Cash at bank and in hand |  | 10,323 |  | 11,741
|  | 87,536 |  | 96,547
Creditors: amounts falling due within one year | 7 | ( 58,345) |  | ( 41,878)
Net current assets |  | 29,191 |  | 54,669
Total assets less current liabilities |  | 82,592 |  | 108,856
Creditors: amounts falling due after more than one year | 8 | ( 31,914) |  | ( 31,615)
Provision for liabilities | 9 | ( 12,600) |  | ( 12,421)
Net assets |  | 38,078 |  | 64,820
Capital and reserves |  |  |  |
Called-up share capital | 10 | 2 |  | 2
Profit and loss account |  | 38,076 |  | 64,818
Total shareholders' funds |  | 38,078 |  | 64,820

For the financial year ending 29 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Whitstable Windsurfing Limited (registered number: 05103154) were approved and authorised for issue by the Board of Directors on 17 April 2026. They were signed on its behalf by:

M Tuckwood Director |

WHITSTABLE WINDSURFING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 December 2025
WHITSTABLE WINDSURFING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 December 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

Whitstable Windsurfing 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 2nd Floor, Maritime Place Quayside, Chatham Maritime, Chatham, ME4 4QZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 33.33 % reducing balance

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

##### 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:

Land and buildings | not depreciated
Plant and machinery | 5 - 25 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 15 % reducing balance

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at 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

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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 30 December 2024 | 135,000 |  | 135,000
At 29 December 2025 | 135,000 |  | 135,000
Accumulated amortisation |  |  |
At 30 December 2024 | 130,499 |  | 130,499
Charge for the financial year | 1,500 |  | 1,500
At 29 December 2025 | 131,999 |  | 131,999
Net book value |  |  |
At 29 December 2025 | 3,001 |  | 3,001
At 29 December 2024 | 4,501 |  | 4,501

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 30 December 2024 | 10,881 |  | 0 |  | 47,000 |  | 434 |  | 10,878 |  | 69,193
Additions | 0 |  | 12,658 |  | 0 |  | 0 |  | 0 |  | 12,658
At 29 December 2025 | 10,881 |  | 12,658 |  | 47,000 |  | 434 |  | 10,878 |  | 81,851
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 30 December 2024 | 10,881 |  | 0 |  | 2,938 |  | 240 |  | 5,449 |  | 19,508
Charge for the financial year | 0 |  | 84 |  | 11,016 |  | 30 |  | 814 |  | 11,944
At 29 December 2025 | 10,881 |  | 84 |  | 13,954 |  | 270 |  | 6,263 |  | 31,452
Net book value |  |  |  |  |  |  |  |  |  |  |
At 29 December 2025 | 0 |  | 12,574 |  | 33,046 |  | 164 |  | 4,615 |  | 50,399
At 29 December 2024 | 0 |  | 0 |  | 44,062 |  | 194 |  | 5,429 |  | 49,685

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 30 December 2024 | 1
At 29 December 2025 | 1
Carrying value at 29 December 2025 | 1
Carrying value at 29 December 2024 | 1

Investments in shares

The following was a subsidiary undertaking of the Company:

Name of entity | Registered office | Class of shares | Ownership 29.12.2025 | Ownership 29.12.2024
Board-worx Limited | Canterbury | Ordinary | 100.00% | 100.00%

The capital and reserves and the profit of the subsidiary undertaking was as follows:

| Capital and reserves at 2025 | Profit for the year ended 2025
| £ | £
Board-worx Limited | 1 | 1

The accounts of Board-worx Limited have not been consolidated with those of the company as the directors consider that the amounts are not material. Board-worx Limited was dormant during the year.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 3,213 |  | 3,186
Corporation tax | 0 |  | 3,742
Other debtors | 0 |  | 1,878
| 3,213 |  | 8,806

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 28,000 |  | 22,000
Amounts owed to directors | 12,114 |  | 2,382
Accruals | 4,540 |  | 4,540
Corporation tax | 24 |  | 0
Other taxation and social security | 2,197 |  | 6,238
Obligations under finance leases and hire purchase contracts | 11,470 |  | 6,718
| 58,345 |  | 41,878

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 31,914 |  | 31,615

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 12,421) |  | ( 1,257)
Charged to the Statement of Income and Retained Earnings | ( 179) |  | ( 11,164)
At the end of financial year | ( 12,600) |  | ( 12,421)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 12,600) |  | ( 12,421)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 11. Financial commitments

Pensions

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,880 (2024 - £4,014). There we no contributions repayable to the fund at the balance sheet date.

#### 12. Ultimate controlling party

During the accounting period the company did not have an ultimate controlling party.