Company No: 10668710 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	990,001		998,639
		990,001		998,639
Current assets
Debtors	4	25,000		25,000
Cash at bank and in hand		526,199		593,572
		551,199		618,572
Creditors: amounts falling due within one year	5	( 86,672)		( 85,428)
Net current assets		464,527		533,144
Total assets less current liabilities		1,454,528		1,531,783
Net assets		1,454,528		1,531,783
Capital and reserves
Called-up share capital		147		147
Share premium account		239,412		239,412
Capital redemption reserve		66		66
Profit and loss account		1,214,903		1,292,158
Total shareholders' funds		1,454,528		1,531,783

For the financial year ending 31 August 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 Inspiration Marine Holdings Limited (registered number: 10668710) were approved and authorised for issue by the Board of Directors on 27 April 2026. They were signed on its behalf by:

J M J Stone Director

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

Inspiration Marine Holdings 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 Chandlery Building Hamble Point Marina, School Lane, Hamble, Southampton, SO31 4NB, 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

The Directors have considered the relevant business and economic data available at the time of the preparation of these accounts and have a reasonable expectation that the company will continue to have adequate resources to continue operating for the foreseeable future. Accordingly, the accounts have been prepared on the going concern basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	998,639
Disposals	( 8,638)
At 31 August 2025	990,001
Carrying value at 31 August 2025	990,001
Carrying value at 31 August 2024	998,639

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.08.2025	Ownership 31.08.2024
Inspiration Marine Group Limited	Chandlery Building Hamble Point Marina, Hamble, Southampton, Hampshire, England, SO31 4NB	Yacht sales	Ordinary	100.00%	100.00%
Michael Schmidt & Partner Limited	Chandlery Building Hamble Point Marina, Hamble, Southampton, Hampshire, England, SO31 4NB	Yacht and motor boat brokerage services to third parties	Ordinary	100.00%	100.00%
Inspiration Marine Limited	Chandlery Building Hamble Point Marina, Hamble, Southampton, Hampshire, England, SO31 4NB	Dormant company	Ordinary	100.00%	100.00%
Inspiration Yachting SAS	32 Rue Tronchet, 75008, Paris	Yacht sales	Ordinary	0.00%	100.00%

4. Debtors

	2025		2024
	£		£
Amounts owed by related parties	25,000		25,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	83,890		83,888
Taxation and social security	2,782		1,540
	86,672		85,428