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Registered number: 11624380
Wheelhouse Argosy Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Wheelhouse Argosy Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Wheelhouse Argosy Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 11624380

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 57,816 |  | 68,021
Investment Properties | 5 |  | 1,600,000 |  | 1,600,000
|  |  | 1,657,816 |  | 1,668,021
CURRENT ASSETS
Stocks | 6 | 3,000 |  | 3,500 |
Debtors | 7 | 110,278 |  | 68,873 |
Cash at bank and in hand |  | 1,587 |  | 3,328 |
|  | 114,865 |  | 75,701 |
Creditors: Amounts Falling Due Within One Year | 8 | (923,491 ) |  | (738,368 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (808,626 ) |  | (662,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 849,190 |  | 1,005,354
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (619,993 ) |  | (727,093 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (42,000 ) |  | (42,000 )
NET ASSETS |  |  | 187,197 |  | 236,261
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Fair value reserve | 12 |  | 179,054 |  | 179,054
Profit and Loss Account |  |  | 8,043 |  | 57,107
SHAREHOLDERS' FUNDS |  |  | 187,197 |  | 236,261

Page 1
Page 2
Wheelhouse Argosy Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr B E Fellows Director | Ms C M Moseley Director
25 August 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Wheelhouse Argosy Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Wheelhouse Argosy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11624380 . The registered office is Rowan House, 7 West Bank, Scarborough, North Yorkshire, YO12 4DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 15% RB

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Wheelhouse Argosy Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 January 2025 | 130,104
As at 31 December 2025 | 130,104
Depreciation
As at 1 January 2025 | 62,083
Provided during the period | 10,205
As at 31 December 2025 | 72,288
Net Book Value
As at 31 December 2025 | 57,816
As at 1 January 2025 | 68,021

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 January 2025 and 31 December 2025 | 1,600,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 1,378,946 |  | 1,378,946

Investment property was valued on an open market basis on 22 February 2022 by CPH Estate Agents Ltd.
The directors agree that the market value at 31 December 2025 has not changed materially from the date of the
previous valuation.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 3,000 |  | 3,500

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 4,279
Other debtors | 110,278 |  | 64,594
| 110,278 |  | 68,873

Page 4
Page 5
Wheelhouse Argosy Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 237 |  | 667
Bank loans and overdrafts | 5,950 |  | 5,000
Other creditors | 917,030 |  | 731,483
Taxation and social security | 274 |  | 1,218
| 923,491 |  | 738,368

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 20,194 |  | 27,093
Debentures | 599,799 |  | 700,000
| 619,993 |  | 727,093

10. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 599,799 |  | 700,000

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 January 2025 | 179,054
As at 31 December 2025 | 179,054

13. Related Party Transactions
During the year the company loaned monies from Wheelhouse Pilot Ltd. The amount owed from the company at
the year end date was £745,974 (2024: £728,507). The loan is repayable on demand and is interest free.
During the year the company loaned monies to Hackness Strata Ltd. The amount owed from the company at the
year end date was £19,278 (2024: £17,928). The loan is repayable on demand and is interest free.
During the year the company loaned monies to Homemore Ltd. The amount owed from the company at the year
end date was £71,772 (2024: £46,136). The loan is repayable on demand and is interest free.
During the year the company received monies from Wheelhouse Flotilla Ltd. The amount owed at the year end
date was £378 (2024: £378 owed from Wheelhouse Flotilla Ltd). The loan is repayable on demand and is interest
free.
Page 5