REGISTERED NUMBER: 00939718 (England and Wales)

Venetian Marine (Nantwich) Limited

Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

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

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.

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

-

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

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

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