Company Registration No. 10812357 (England and Wales)
Capital Yachting Limited
Unaudited accounts
for the year ended 31 December 2025
Capital Yachting Limited
Unaudited accounts
Contents
Capital Yachting Limited
Company Information
for the year ended 31 December 2025
Directors
Mr N Hornsby
Ms A L Clark
Company Number
10812357 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
GU31 4AG
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Capital Yachting Limited
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
1,007,270
974,981
Creditors: amounts falling due within one year
(1,000,116)
(888,088)
Net current assets
10,160
157,967
Total assets less current liabilities
10,160
162,802
Creditors: amounts falling due after more than one year
(2,586)
(16,010)
Called up share capital
104
100
Profit and loss account
7,470
146,692
Shareholders' funds
7,574
146,792
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by
Mr N Hornsby
Director
Company Registration No. 10812357
Capital Yachting Limited
Notes to the Accounts
for the year ended 31 December 2025
Capital Yachting Limited is a private company, limited by shares, registered in England and Wales, registration number 10812357. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The intangible asset is being amortised over 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Capital Yachting Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Intangible fixed assets
Other
At 31 December 2025
49,167
At 31 December 2025
49,167
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
132
3,128
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,333
8,333
Trade creditors
3,703
1,406
Taxes and social security
17,357
54,705
Other creditors
970,723
823,644
Capital Yachting Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).