REGISTERED NUMBER: 07442552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SAILING DAYS MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Lees

Mrs F M A Lees

REGISTERED OFFICE:

South Stour Offices

South Stour Road

Ashford

Kent

TN25 7HS

BUSINESS ADDRESS:

Eastling Manor

Kettle Hill Road

Eastling

Faversham

Kent

ME13 0AX

REGISTERED NUMBER:

07442552 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

-

767,339

-

767,339

CURRENT ASSETS

Debtors

6

20,918

-

Cash at bank

151,088

7,812

172,006

7,812

CREDITORS

Amounts falling due within one year

7

50,960

158,353

NET CURRENT ASSETS/(LIABILITIES)

121,046

(150,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,046

616,798

CAPITAL AND RESERVES

Called up share capital

8

2

722,550

Retained earnings

121,044

(105,752

)

SHAREHOLDERS' FUNDS

121,046

616,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 10 August 2026 and were signed on its behalf by:

J M Lees - Director

1.	STATUTORY INFORMATION

Sailing Days Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

3,319

DEPRECIATION

At 1 December 2024

and 30 November 2025

3,319

NET BOOK VALUE

At 30 November 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

767,339

Disposals

(767,339

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

767,339

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Other debtors

20,918

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

11,433

-

Other creditors

39,527

158,353

50,960

158,353

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

2

Ordinary

1

2

2

722,548

Redeemable Preference

1

-

722,548

2

722,550

Share Redemption and Capital Redemption Reserve

During the financial year ended 30 November 2025, the company exercised its right to redeem 722,548 of its ordinary redeemable shares of £1.00 each at a total cash price of £1,083,822 (£1.50 per share).

Source of Funds: The redemption was funded wholly out of the company’s distributable profits (retained earnings) pursuant to Section 684 of the Companies Act 2006.

Capital Impact: The nominal value of the redeemed shares amounting to £722,548 was transferred from issued share capital to a non-distributable Profit Reserve. The premium paid on redemption (£361,274) was charged against retained earnings.

Movement Summary:

Shares redeemed: 722,548 ordinary shares

Nominal value reduction: £722,548

Total cash paid: £1,083,822

Transfer to Profit Reserve: £361,274

9.	RELATED PARTY DISCLOSURES

Mr J M Lees - Director and Shareholder

At the balance sheet date Sailing Days Management Ltd owed Mr Lees £38,528 (2024 - £157,661).