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Registered number: 00585853
John Hicks' Boat Yard Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00585853
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,001 20,901
Investments 5 175 175
19,176 21,076
CURRENT ASSETS
Debtors 6 66,377 66,767
Cash at bank and in hand 5,006 2,651
71,383 69,418
Creditors: Amounts Falling Due Within One Year 7 (15,671 ) (9,729 )
NET CURRENT ASSETS (LIABILITIES) 55,712 59,689
TOTAL ASSETS LESS CURRENT LIABILITIES 74,888 80,765
Creditors: Amounts Falling Due After More Than One Year 8 (12,000 ) (12,000 )
NET ASSETS 62,888 68,765
CAPITAL AND RESERVES
Called up share capital 9 202 202
Revaluation reserve 10 31,755 31,755
Profit and Loss Account 30,931 36,808
SHAREHOLDERS' FUNDS 62,888 68,765
Page 1
Page 2
For the year ending 31 March 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Clark
Director
18/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
John Hicks' Boat Yard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00585853 . The registered office is Priestfield Farm Henfield Road, Albourne, Hassocks, BN6 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on WDV
Fixtures & Fittings 20% on cost
2.4. Group accounts
Group accounts aare not being prepared.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2025 38,000 4,241 42,241
As at 31 March 2026 38,000 4,241 42,241
Depreciation
As at 1 April 2025 17,100 4,240 21,340
Provided during the period 1,900 - 1,900
As at 31 March 2026 19,000 4,240 23,240
Net Book Value
As at 31 March 2026 19,000 1 19,001
As at 1 April 2025 20,900 1 20,901
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2025 175
As at 31 March 2026 175
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 175
As at 1 April 2025 175
Page 4
Page 5
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 1,303
Prepayments and accrued income - 1,256
Amounts owed by Kris Cruisers (Debtors < 1 year) 64,877 62,708
Shareholders 1,500 1,500
66,377 66,767
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 7,244 7,800
Other taxes and social security 429 29
Accruals and deferred income 1,900 1,900
Directors' loan accounts 6,098 -
15,671 9,729
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Directors loan account 12,000 12,000
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 202 202
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2025 31,755 36,808
Loss for the year and total comprehensive income - (4,377 )
Dividends paid - (1,500)
As at 31 March 2026 31,755 30,931
Page 5