05692821 false Luxury Yacht Retrofit 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2024-12-31 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2024-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-12-31 http://www.companieshouse.gov.uk/cd:Director1 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2024-12-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2025-12-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-12-31 http://www.companieshouse.gov.uk/cd:Director2 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2025-12-31 http://www.companieshouse.gov.uk/cd:Director3 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-12-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-12-31 http://www.companieshouse.gov.uk/2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2024-12-31 http://www.companieshouse.gov.uk/cd:FRS102 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/2025-12-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 http://www.companieshouse.gov.uk/cd:FilletedAccounts 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05692821
P R Nautica Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS

P R Nautica Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
R F Love
G S Litton
M K Pyle
SECRETARY
R F Love
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05692821
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS

P R Nautica Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

P R Nautica Limited

BALANCE SHEET AT 31/12/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 36,287 |  |  |  | 38,208
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 473,056 |  |  |  | 460,153 |  |
Debtors |  | 5 |  | 117,013 |  |  |  | 66,428 |  |
Cash at bank and in hand |  |  |  | 465,901 |  |  |  | 504,053 |  |
|  |  |  | 1,055,970 |  |  |  | 1,030,634 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 87,963 |  |  |  | 90,362 |  |
NET CURRENT ASSETS |  |  |  |  |  | 968,007 |  |  |  | 940,272
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 1,004,294 |  |  |  | 978,480
PROVISIONS FOR LIABILITIES AND CHARGES |  | 7 |  |  |  | 27,347 |  |  |  | 32,064
NET ASSETS |  |  |  |  |  | 976,947 |  |  |  | 946,416
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  |  | 9,000 |  |  |  | 9,000
Profit and loss account |  |  |  |  |  | 967,947 |  |  |  | 937,416
SHAREHOLDERS' FUNDS |  |  |  |  |  | 976,947 |  |  |  | 946,416
For the year ending 31/12/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/04/2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
R F Love |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

P R Nautica Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery |  | reducing balance 25%
Commercial Vehicles |  | reducing balance 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

P R Nautica Limited

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 14 |  | 15

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |
|  | Long Leasehold |  | Plant and |  | Commercial |  |
|  | Properties |  | Machinery |  | Vehicles |  | Total
|  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |
At 01/01/2025 |  | 23,155 |  | 51,386 |  | 69,030 |  | 143,571
Additions |  | - |  | 2,456 |  | - |  | 2,456
At 31/12/2025 |  | 23,155 |  | 53,842 |  | 69,030 |  | 146,027
Depreciation |  |  |  |  |  |  |  |
At 01/01/2025 |  | - |  | 44,544 |  | 60,819 |  | 105,363
For the year |  | - |  | 2,324 |  | 2,053 |  | 4,377
At 31/12/2025 |  | - |  | 46,868 |  | 62,872 |  | 109,740
Net Book Amounts |  |  |  |  |  |  |  |
At 31/12/2025 |  | 23,155 |  | 6,974 |  | 6,158 |  | 36,287
At 31/12/2024 |  | 23,155 |  | 6,842 |  | 8,211 |  | 38,208

4. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 84,876 |  | 63,300
Work in progress |  |  |  | 388,180 |  | 396,853
|  |  |  | 473,056 |  | 460,153

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | (37,025) |  | (122,459)
Bonus account |  |  |  | 26,755 |  | 29,340
VAT |  |  |  | 17,965 |  | 56,547
Other debtors |  |  |  | 96,787 |  | 96,187
Prepayments |  |  |  | 12,531 |  | 6,813
|  |  |  | 117,013 |  | 66,428

P R Nautica Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 6,465 |  | 21,111
PAYE control |  |  |  | 15,384 |  | 11,507
Trade creditors |  |  |  | 45,494 |  | 38,347
Other creditors |  |  |  | 17,324 |  | 16,812
Pension schemes |  |  |  | 3,296 |  | 2,585
|  |  |  | 87,963 |  | 90,362

7. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Warranties |  |  |  | 25,000 |  | 25,000
Deferred taxation |  |  |  | 2,347 |  | 7,064
|  |  |  | 27,347 |  | 32,064

8. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
9000 Ordinary shares of £1.00 each |  |  |  | 9000 |  | 9000
|  |  |  | 9,000 |  | 9,000