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REGISTERED NUMBER: 04753209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

RYE WATERSPORTS LIMITED

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

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 |

Accountants' Report | 7 |

RYE WATERSPORTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTORS: | M A Meadowcroft

| B M Say

| R A Clark

| REGISTERED OFFICE: | 20 Havelock Road

| Hastings

| East Sussex

| TN34 1BP

| REGISTERED NUMBER: | 04753209 (England and Wales)

| ACCOUNTANTS: | Ashdown Hurrey

| Chartered Accountants & Business Advisers

| 28 Wilton Road

| Bexhill on Sea

| East Sussex

| TN40 1EZ

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

BALANCE SHEET

31 MARCH 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 105,061 |  | 62,359 |  |

CURRENT ASSETS

Stocks | 5 | 500 |  | 500 |  |

Debtors | 6 | 23,238 |  | 29,625 |  |

Cash at bank | 128 |  | 48,862 |  |

23,866 |  | 78,987 |  |

CREDITORS

Amounts falling due within one year | 7 | 56,714 |  | 23,612 |  |

NET CURRENT (LIABILITIES)/ASSETS | (32,848 | ) | 55,375 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 72,213 |  | 117,734 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (64,076 | ) | (70,655 | ) |

PROVISIONS FOR LIABILITIES | 9 | - |  | (11,826 | ) |

NET ASSETS | 8,137 |  | 35,253 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Retained earnings | 8,134 |  | 35,250 |  |

SHAREHOLDERS' FUNDS | 8,137 |  | 35,253 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

M A Meadowcroft - Director

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Rye Watersports 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.

| In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

| On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

| Turnover

| Turnover represents gross invoiced sales of the provision of watersports and associated leisure activities, less value added tax.

| Turnover is recognised at the point at which the right to consideration become due.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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 Statement of Income and Retained Earnings, 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.

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| 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 2 (2025 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2025 | 143,626 |  | 66,238 |  | 27,489 |  | 4,883 |  | 242,236 |  |

| Additions | 71,047 |  | 6,674 |  | - |  | - |  | 77,721 |  |

| At 31 March 2026 | 214,673 |  | 72,912 |  | 27,489 |  | 4,883 |  | 319,957 |  |

| DEPRECIATION

| At 1 April 2025 | 88,416 |  | 61,827 |  | 25,341 |  | 4,293 |  | 179,877 |  |

| Charge for year | 31,564 |  | 2,771 |  | 537 |  | 147 |  | 35,019 |  |

| At 31 March 2026 | 119,980 |  | 64,598 |  | 25,878 |  | 4,440 |  | 214,896 |  |

| NET BOOK VALUE

| At 31 March 2026 | 94,693 |  | 8,314 |  | 1,611 |  | 443 |  | 105,061 |  |

| At 31 March 2025 | 55,210 |  | 4,411 |  | 2,148 |  | 590 |  | 62,359 |  |

5. | STOCKS

| 31.3.26 |  | 31.3.25

£ | £ |

| Stocks | 500 |  | 500 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade debtors | 23,238 |  | 19,625 |  |

| Other debtors | - |  | 10,000 |  |

23,238 |  | 29,625 |  |

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans and overdrafts | 48,316 |  | 15,000 |  |

| Trade creditors | 1,110 |  | 2,073 |  |

| Tax | - |  | 1,063 |  |

| Social security and other taxes | 488 |  | 1,597 |  |

| VAT | 2,732 |  | 27 |  |

| Other creditors | 235 |  | 325 |  |

| Directors' current accounts | 545 |  | 19 |  |

| Accrued expenses | 3,288 |  | 3,508 |  |

56,714 |  | 23,612 |  |

RYE WATERSPORTS LIMITED (REGISTERED NUMBER: 04753209)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

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

| 31.3.26 |  | 31.3.25

£ | £ |

| Bank loans - 1-2 years | 17,373 |  | 15,945 |  |

| Bank loans - 2-5 years | 46,703 |  | 54,710 |  |

64,076 |  | 70,655 |  |

9. | PROVISIONS FOR LIABILITIES

| 31.3.26 |  | 31.3.25

£ | £ |

| Deferred tax

| Accelerated capital allowances | - |  | 11,826 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2025 | 11,826 |  |

| Accelerated capital allowances | (11,826 | ) |

| Balance at 31 March 2026 | - |  |

10. | RELATED PARTY DISCLOSURES

| As at the balance sheet date the company owed the directors £545 (2025 : the company owed the directors £19)

| The loan is interest free and has no fixed date for repayment.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RYE WATERSPORTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rye Watersports Limited for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Rye Watersports Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rye Watersports Limited and state those matters that we have agreed to state to the Board of Directors of Rye Watersports Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rye Watersports Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rye Watersports Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rye Watersports Limited. You consider that Rye Watersports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rye Watersports Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

In accordance with our terms of engagement we have compiled the attached financial statements from the accounting records, information and explanations you have given to us.

The financial statements have been compiled using the going concern and historical cost basis. It is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

This report is made to you, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to you that we have done so, and state those matters that we have agreed to state to you in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the person to whom this report is addressed for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England & Wales and have complied with the ethical guidance laid down by the Institute.

You have approved the financial statements for the period described above, and have acknowledged your responsibility for them, for the appropriateness of the accounting basis and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RYE WATERSPORTS LIMITED

20 July 2026