Accounts

Company Registration Number : 11800884 (England and Wales)

Helford Powerboat Charters Limited

Unaudited filleted financial statements

For the year ended 31 October 2025

Helford Powerboat Charters Limited

Contents

For the year ended 31 October 2025

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 7

Helford Powerboat Charters Limited

Company Information

For the year ended 31 October 2025

Company registration number

11800884 (England and Wales)

Director

Mr I J McLaren

Registered office address

Mayn Cottage

Quay Road, Port Navas

Falmouth

Cornwall

TR11 5RY

Accountant

Kitchen and Brown Accountants Ltd

Alpha House

40 Coinagehall Street, Helston

Cornwall

TR13 8EQ

Helford Powerboat Charters Limited

Statement of Financial Position

For the year ended 31 October 2025

		2025	2024
	Notes	£	£
Fixed assets
Property, plant and equipment		56,646	48,936
Investments	6	-	100
		56,646	49,036

Current assets
Debtors	7	47,683	3,646
Cash and cash equivalents		17,478	8,725
		65,161	12,371

Current liabilities
Creditors: Amounts falling due within one year	8	(88,517)	(7,109)
		(88,517)	(7,109)

Net current (liabilities)/assets		(23,356)	5,262
Total assets less current liabilities		33,290	54,298
Net assets/(liabilities)		33,290	54,298

Capital and reserves
Called up share capital	9	210	210
Retained earnings		33,080	54,088
Shareholder's funds		33,290	54,298


For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 October 2025 the company was entitled to exemption from audit 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 30 July 2026

.............................
Mr I J McLaren (Director)
Company registration number: 11800884

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2025-10-31 31 October 2025

	2025	2024
	£	£


Fixed Assets	56,647	49,036


Current Assets	62,995	10,802
Cash in Hand/Bank	17,478	8,725

Prepayments and accrued income	2,166	1,569

Creditors: amounts falling due within one year	(88,517)	(7,109)

Net current assets/(liabilities)	(23,356)	5,262

Total assets less current liabilities	33,290	54,298

Net Assets/(liabilities)	33,290	54,298



Capital and Reserves	33,290	54,298
Called up share capital	210	210
Profit and loss account	33,080	54,088
SHAREHOLDER'S FUND	33,290	54,298

For the year ending 31-10-2025 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 for the year in accordance with section 476.
The director acknowledges 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 30 July 2026 and signed on behalf of the board,



.............................

Mr I J McLaren
Director

Company registration number: 11800884

Helford Powerboat Charters Limited

Notes to the Financial Statements

For the year ended 31 October 2025

(1) General Information

The company is a private company limited by shares and is registered in England and Wales, registered number 11800884. The address of the registered office is Mayn Cottage, Quay Road, Port Navas, Falmouth, Cornwall, TR11 5RY.

(2) Statement of compliance

These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006, except that as disclosed in the accounting policies, certain items are shown at fair value. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of chartered powerboat services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction, over their estimated useful lives. It should be noted that plant and machinery includes boats which are depreciated at a straight line basis rate of 10% and land and buildings includes assets depreciated at a straight line basis rate between 2% and 10%. Other depreciation rates are as follows:

Asset class and depreciation rate
Land and Buildings	2% straight line
Plant and Machinery	20% straight line
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings	20% straight line
Equipment	20% straight line
Motor Cars

Investments in subsidiaries, jointly controlled entities or associates

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Taxation

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

(4) Employees

During the year, the average number of employees including director was 1 (2024 : 1).

(5) Tangible fixed assets

	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Equipment	Totals
	£	£	£	£	£
Cost
As at 01 November 2024	24,071	53,778	4,217	4,265	86,331
Additions	11,699	-	-	3,668	15,367
As at 31 October 2025	35,770	53,778	4,217	7,933	101,698
Depreciation
As at 01 November 2024	565	30,385	4,216	2,229	37,395
For the year	1,268	4,801	1	1,587	7,657
As at 31 October 2025	1,833	35,186	4,217	3,816	45,052
Net book value
As at 31 October 2025	33,936	18,592	-	4,118	56,646
As at 31 October 2024	23,506	23,393	1	2,036	48,936

Included within the net book value of land and buildings above is £16,728 (2024 : £16,137) in respect of freehold land and buildings.

(6) Investments

	Subsidiary Undertakings
	£
Cost
As at 01 November 2024	100
Additions	-
Disposals	(100)
As at 31 October 2025	-
Impairment
As at 31 October 2025	-
Net book value
As at 31 October 2025	-
As at 31 October 2024	100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertaking :

McLaren Real Estate Consulting Limited whose principal activity is real estate consultancy. The registered office is 2 Old Bath Road, Newbury, Berkshire, England RG14 1QL. Helford Powerboat Charters Limited owns 100% of the Ordinary share capital (2024 : £100%). McLaren Real Estate Consulting Limited was dissolved on 22 July 2025.

(7) Debtors

Amounts falling due within one year



	2025	2024
	£	£


Other debtors	45,518	2,077
Prepayments and accrued income	2,166	1,569
	47,683	3,646

(8) Creditors: Amounts falling due within one year



	2025	2024
	£	£





Other creditors	87,767	5,334
Accruals and deferred income	750	1,775
	88,517	7,109

(9) Share capital and reserves


Alloted, called up and fully paid:	2025	2024
	£	£

210 (2024 : 210) Ordinary of £ 1 each	210	210
	210	210



Retained earnings		2025
		£
At 1 November 2024		54,088
Loss of the year		(21,008)

At 31 October 2025		33,080

Retained earnings

Called up and fully paid:
Retained earnings			2025
			£

At 1 November 2024			54,088
Loss of the year			(21,008)

At 31 October 2025			33,080

(10) Related party transactions

During the year Helford Powerboat Charters Limited received a loan of £87,767 (2024 : £Nil) from McLaren Real Estate Consulting Limited (a subsidiary company of Helford Powerboat Charters Limited). At the balance sheet date the outstanding amount was £87,767 (2024 : £Nil) and is included in Other creditors in note 8.

(11) Directors advances, credit and guarantees

During the year, the company advanced £142,990, in aggregate, to the director, Mr I McLaren, of which £100,000, in aggregate, was repaid before the year end (2024 : Mr I McLaren loaned £5,334 to the company). At the balance sheet date the amount due to the company was £42,990 (2024 : £5,334 due to Mr I McLaren). The outstanding balance is included in Other debtors in note 7 (2024 : included in Other creditors in note 8). Interest has been charged at the official rate on overdrawn balances and the balance is repayable on demand.