GBR Yachts Limited

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
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

	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

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