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Registered Number: 05225310
England and Wales
GBR YACHTS LIMITED
Unaudited Financial Statements
Period of accounts Start date: 01 December 2024 End date: 30 November 2025

GBR Yachts Limited Contents Page For the year ended 30 November 2025
Company information | 1
Director's report | 2
Accountants' report | 3
Income statement | 4
Statement of financial position | 5
Notes to the financial statements | 6
Statement of changes in equity | 7

GBR Yachts Limited Company Information For the year ended 30 November 2025
Director | Kevin Mulligan
Registered Number | 05225310
Registered Office | 22 Dumville Drive Godstone Surrey RH9 8NY
Accountants | Field Green Consulting 28 Highridge Close Weavering Maidstone ME14 5XQ
1

GBR Yachts Limited Director's Report For the year ended 30 November 2025
Director's report and financial statements The director presents his annual report and the financial statements for the year ended 30 November 2025. Principal activities Principal activity of the company during the financial year was of yacht chartering Director The director who served the company throughout the year was as follows:
Kevin Mulligan
Statement of director's responsibilities The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to : select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions Additional Notes The Director estimates that the current realisable value of the company's main asset, the MV Yacht 'Wolverine' is around £120,000. It is expected that this asset will be sold and replaced in 2025. On behalf of the board.
---------------------------------- Kevin Mulligan Director
Date approved: 21 April 2026 2

GBR Yachts Limited Accountants' Report For the year ended 30 November 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 30 November 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Field Green Consulting 30 November 2025 .................................................... Field Green Consulting 28 Highridge Close Weavering Maidstone ME14 5XQ 21 April 2026 3

GBR Yachts Limited Income Statement For the year ended 30 November 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Turnover |  | 33,598 |  | 37,201
Cost of sales |  | (22,995) |  | (21,322)
Gross profit |  | 10,603 |  | 15,879
Administrative expenses |  | (6,909) |  | (5,557)
Operating profit |  | 3,694 |  | 10,322
Profit/(Loss) on ordinary activities before taxation |  | 3,694 |  | 10,322
Tax on profit on ordinary activities |  | 0 |  | 0
Profit/(Loss) for the financial year |  | 3,694 |  | 10,322
4

GBR Yachts Limited Statement of Financial Position As at 30 November 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 3 | 112,738 |  | 112,738
|  | 112,738 |  | 112,738
Current assets |  |  |
Debtors | 4 | 26,680 |  | 24,000
Cash at bank and in hand |  | 108,777 |  | 102,477
|  | 135,457 |  | 126,477
Creditors: amount falling due within one year | 5 | (60,842) |  | (55,556)
Net current assets |  | 74,615 |  | 70,921
Total assets less current liabilities |  | 187,353 |  | 183,659
Net assets |  | 187,353 |  | 183,659
Capital and reserves |  |  |
Called up share capital |  | 100 |  | 100
Profit and loss account |  | 187,253 |  | 183,559
Shareholders' funds |  | 187,353 |  | 183,659
For the year ended 30 November 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 members have not required the company to obtain an audit of its accounts for the year in question 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 accounts. These 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 to the Registrar of Companies. The financial statements were approved by the director on 21 April 2026 and were signed by:
------------------------------- Kevin Mulligan Director
5

GBR Yachts Limited Statement of Changes in Equity For the year ended 30 November 2025
|  | Equity share capital |  | Retained Earnings |  | Total
| £ |  | £ |  | £ |
At 01 December 2023 |  | 100 |  | 173,237 |  | 173,337
Profit for the year |  |  |  | 10,322 |  | 10,322
Total comprehensive income for the year |  | - |  | 10,322 |  | 10,322
Total investments by and distributions to owners |  | - |  | - |  | -
At 30 November 2024 |  | 100 |  | 183,559 |  | 183,659
At 01 December 2024 |  | 100 |  | 183,559 |  | 183,659
Profit for the year |  |  |  | 3,694 |  | 3,694
Total comprehensive income for the year |  | - |  | 3,694 |  | 3,694
Total investments by and distributions to owners |  | - |  | - |  | -
At 30 November 2025 |  | 100 |  | 187,253 |  | 187,353
6

GBR Yachts Limited Notes to the Financial Statements For the year ended 30 November 2025
General Information GBR Yachts Limited is a private company, limited by shares, registered in England and Wales, registration number 05225310, registration address 22 Dumville Drive, Godstone, Surrey, RH9 8NY. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings | 25 Straight Line
Computer Equipment | 25 Straight Line
2. | Average number of employees Average number of employees during the year was 1 (2024 : 1).
3. | Tangible fixed assets
Cost or valuation | Plant and Machinery |  | Fixtures and Fittings |  | Computer Equipment |  | Total
| £ |  | £ |  | £ |  | £
At 01 December 2024 | 210,916 |  | 1,300 |  | 1,100 |  | 213,316
Additions | - |  | - |  | - |  | -
Disposals | - |  | - |  | - |  | -
At 30 November 2025 | 210,916 |  | 1,300 |  | 1,100 |  | 213,316
Depreciation
At 01 December 2024 | 98,178 |  | 1,300 |  | 1,100 |  | 100,578
Charge for year | - |  | - |  | - |  | -
On disposals | - |  | - |  | - |  | -
At 30 November 2025 | 98,178 |  | 1,300 |  | 1,100 |  | 100,578
Net book values
Closing balance as at 30 November 2025 | 112,738 |  | - |  | - |  | 112,738
Opening balance as at 01 December 2024 | 112,738 |  | - |  | - |  | 112,738
4. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Debtors | 26,680 |  | 24,000
| 26,680 |  | 24,000
5. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Creditors | 2,230 |  | 913
Accrued Expenses | 400 |  | 400
Other Creditors | 1 |  | 0
Directors' Current Accounts | 54,854 |  | 51,923
VAT | 3,357 |  | 2,320
| 60,842 |  | 55,556
7