REGISTERED NUMBER: 09027868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

GO SAIL ADVENTURES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G F Higgs

S Davutoglu

SECRETARY:

S Davutoglu

REGISTERED OFFICE:

Unit 1a Brewery Court

North Street

Bristol

BS3 1JS

REGISTERED NUMBER:

09027868 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

8,364

22,167

CURRENT ASSETS

Debtors

5

525,240

531,696

Cash at bank

662,253

745,167

1,187,493

1,276,863

CREDITORS

Amounts falling due within one year

6

582,190

527,202

NET CURRENT ASSETS

605,303

749,661

TOTAL ASSETS LESS CURRENT LIABILITIES

613,667

771,828

CREDITORS

Amounts falling due after more than one year

7

(21,834

)

(27,789

)

PROVISIONS FOR LIABILITIES

8

-

(5,542

)

NET ASSETS

591,833

738,497

CAPITAL AND RESERVES

Called up share capital

9

30,000

30,000

Retained earnings

561,833

708,497

SHAREHOLDERS' FUNDS

591,833

738,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

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 31 July 2026 and were signed on its behalf by:

S Davutoglu - Director

1.	STATUTORY INFORMATION

Go Sail Adventures Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

28,220

21,340

49,560

DEPRECIATION

At 1 November 2024

11,594

15,799

27,393

Charge for year

9,407

4,396

13,803

At 31 October 2025

21,001

20,195

41,196

NET BOOK VALUE

At 31 October 2025

7,219

1,145

8,364

At 31 October 2024

16,626

5,541

22,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

394,844

309,855

Other debtors

130,396

221,841

525,240

531,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

5,955

5,955

Trade creditors

19,576

105,476

Taxation and social security

(20,786

)

2,733

Other creditors

577,445

413,038

582,190

527,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

21,834

27,789

8.	PROVISIONS FOR LIABILITIES

31.10.24

£

Deferred tax

Accelerated capital allowances

5,542

Deferred

tax

£

Balance at 1 November 2024

5,542

Reversal of timing differences

(3,451

)

Tax on losses

(25,231

)

Balance at 31 October 2025

(23,140

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

15,000

Ordinary A

£1

15,000

15,000

15,000

Ordinary B

1

15,000

15,000

30,000

30,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

G F Higgs

Balance outstanding at start of year

70,576

1,076,112

Amounts advanced

59,488

86,469

Amounts repaid

(138,481

)

(1,092,005

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,417

)

70,576

11.	RELATED PARTY DISCLOSURES

The directors maintain a loan account with the company on which interest is charged at 2% in accordance with the loan agreement.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.