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REGISTERED NUMBER: 00939718 (England and Wales)

Venetian Marine (Nantwich) Limited

Financial Statements

for the Year Ended 31 March 2026

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Venetian Marine (Nantwich) Limited |

Company Information

for the Year Ended 31 March 2026

| DIRECTORS: | R J Steele

| N D Steele

| C R Steele

| R J P Steele

| SECRETARY: | N D Steele

| REGISTERED OFFICE: | Whilton Locks

| Whilton

| Daventry

| Northamptonshire

| NN11 2NH

| REGISTERED NUMBER: | 00939718 (England and Wales)

| AUDITORS: | Kilby Fox

| Statutory Auditor

| 4 Pavilion Court

| 600 Pavilion Drive

| Northampton Business Park

| Northampton

| Northamptonshire

| NN4 7SL

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Balance Sheet

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 2,400,945 |  | 2,397,529 |  |

2,400,945 |  | 2,397,529 |  |

CURRENT ASSETS

Stocks | 55,000 |  | 59,000 |  |

Debtors | 6 | 44,090 |  | 36,931 |  |

Cash at bank and in hand | 30,850 |  | 63,232 |  |

129,940 |  | 159,163 |  |

CREDITORS

Amounts falling due within one year | 7 | 123,432 |  | 179,494 |  |

NET CURRENT ASSETS/(LIABILITIES) | 6,508 |  | (20,331 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,407,453 |  | 2,377,198 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (306,892 | ) | (283,246 | ) |

PROVISIONS FOR LIABILITIES | (251,160 | ) | (251,160 | ) |

NET ASSETS | 1,849,401 |  | 1,842,792 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Revaluation reserve | 11 | 750,000 |  | 750,000 |  |

Retained earnings | 1,089,401 |  | 1,082,792 |  |

SHAREHOLDERS' FUNDS | 1,849,401 |  | 1,842,792 |  |

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Balance Sheet - continued

31 March 2026

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

N D Steele - Director

R J Steele - Director

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Venetian Marine (Nantwich) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Computer software is being amortised evenly over its estimated useful life of nil years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Property improvements | - | not provided

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on cost

| Depreciation has not been provided in respect of the company's freehold property and property improvements. The directors consider that the property and improvements are maintained to a high standard and any element of depreciation would be immaterial. No provision has therefore been included in the financial statements.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2025 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 2,170 |  |

| AMORTISATION

| At 1 April 2025

| and 31 March 2026 | 2,170 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  |

| At 31 March 2025 | - |  |

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2025 | 1,148,728 |  | 1,222,018 |  | 220,623 |  |

| Additions | - |  | - |  | 8,890 |  |

| Disposals | - |  | - |  | (4,750 | ) |

| At 31 March 2026 | 1,148,728 |  | 1,222,018 |  | 224,763 |  |

| DEPRECIATION

| At 1 April 2025 | - |  | - |  | 203,699 |  |

| Charge for year | - |  | - |  | 3,370 |  |

| Eliminated on disposal | - |  | - |  | (4,125 | ) |

| At 31 March 2026 | - |  | - |  | 202,944 |  |

| NET BOOK VALUE

| At 31 March 2026 | 1,148,728 |  | 1,222,018 |  | 21,819 |  |

| At 31 March 2025 | 1,148,728 |  | 1,222,018 |  | 16,924 |  |

| Fixtures |

| and |  | Motor |  | Office |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2025 | 90,686 |  | 6,500 |  | 10,339 |  | 2,698,894 |  |

| Additions | - |  | - |  | - |  | 8,890 |  |

| Disposals | - |  | - |  | - |  | (4,750 | ) |

| At 31 March 2026 | 90,686 |  | 6,500 |  | 10,339 |  | 2,703,034 |  |

| DEPRECIATION

| At 1 April 2025 | 81,138 |  | 6,189 |  | 10,339 |  | 301,365 |  |

| Charge for year | 1,432 |  | 47 |  | - |  | 4,849 |  |

| Eliminated on disposal | - |  | - |  | - |  | (4,125 | ) |

| At 31 March 2026 | 82,570 |  | 6,236 |  | 10,339 |  | 302,089 |  |

| NET BOOK VALUE

| At 31 March 2026 | 8,116 |  | 264 |  | - |  | 2,400,945 |  |

| At 31 March 2025 | 9,548 |  | 311 |  | - |  | 2,397,529 |  |

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2026 is represented by:

| Freehold |  | Property |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| Valuation in 2020 | 1,000,000 |  | - |  | - |  |

| Cost | 148,728 |  | 1,222,018 |  | 224,763 |  |

1,148,728 |  | 1,222,018 |  | 224,763 |  |

| Fixtures |

| and |  | Motor |  | Office |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2020 | - |  | - |  | - |  | 1,000,000 |  |

| Cost | 90,686 |  | 6,500 |  | 10,339 |  | 1,703,034 |  |

90,686 |  | 6,500 |  | 10,339 |  | 2,703,034 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 72 |  | 466 |  |

| Prepayments and accrued income | 44,018 |  | 36,465 |  |

44,090 |  | 36,931 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Payments on account | 27,418 |  | 21,820 |  |

| Trade creditors | 65,190 |  | 55,046 |  |

| Corporation tax | 30 |  | 40,188 |  |

| Social security and other taxes | 5,949 |  | 4,565 |  |

| VAT | 13,910 |  | 22,543 |  |

| Other creditors | 935 |  | 982 |  |

| Accruals and deferred income | 10,000 |  | 34,350 |  |

123,432 |  | 179,494 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Amounts owed to group undertakings | 306,892 |  | 283,246 |  |

| Venetian Marine (Nantwich) Limited (Registered number: 00939718) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2026 | 2025 |

£ | £ |

| Within one year | 7,985 |  | 7,985 |  |

| Between one and five years | 3,993 |  | 7,985 |  |

| In more than five years | - |  | 3,993 |  |

11,978 |  | 19,963 |  |

10. | SECURED DEBTS

| The assets of Venetian Marine (Nantwich) Limited are given as security by Whilton Marina Limited for that Company's bank loan.

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2025

| and 31 March 2026 | 750,000 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Martin Crooke FCCA (Senior Statutory Auditor)

| for and on behalf of Kilby Fox

13. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. | ULTIMATE CONTROLLING PARTY

| There is no one ultimate controlling party.