Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 11887863 Ms C M Moseley Wheelhouse Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11887863 2024-12-31 11887863 2025-12-31 11887863 2025-01-01 2025-12-31 11887863 frs-core:CurrentFinancialInstruments 2025-12-31 11887863 frs-core:Non-currentFinancialInstruments 2025-12-31 11887863 frs-core:ShareCapital 2025-12-31 11887863 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11887863 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11887863 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 11887863 frs-bus:SmallEntities 2025-01-01 2025-12-31 11887863 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11887863 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11887863 1 2025-01-01 2025-12-31 11887863 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 11887863 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-12-31 11887863 frs-bus:Director1 2025-01-01 2025-12-31 11887863 frs-countries:EnglandWales 2025-01-01 2025-12-31 11887863 2023-12-31 11887863 2024-12-31 11887863 2024-01-01 2024-12-31 11887863 frs-core:CurrentFinancialInstruments 2024-12-31 11887863 frs-core:Non-currentFinancialInstruments 2024-12-31 11887863 frs-core:ShareCapital 2024-12-31 11887863 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11887863 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31
Registered number: 11887863
Wheelhouse Flotilla Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Asquith Accountants Ltd
Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11887863
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 460,000 460,000
460,000 460,000
CURRENT ASSETS
Debtors 5 18,499 19,154
Cash at bank and in hand 6,663 2,717
25,162 21,871
Creditors: Amounts Falling Due Within One Year 6 (88,333 ) (90,812 )
NET CURRENT ASSETS (LIABILITIES) (63,171 ) (68,941 )
TOTAL ASSETS LESS CURRENT LIABILITIES 396,829 391,059
Creditors: Amounts Falling Due After More Than One Year 7 (270,274 ) (286,811 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,659 ) (11,659 )
NET ASSETS 114,896 92,589
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 49,703 49,703
Profit and Loss Account 65,192 42,885
SHAREHOLDERS' FUNDS 114,896 92,589
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms C M Moseley
Director
25 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wheelhouse Flotilla Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11887863 . 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. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
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4. Investment Property
2025
£
Fair Value
As at 1 January 2025 and 31 December 2025 460,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 398,638 398,638
Investment property was valued on an open market basis by the directors.
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 18,499 19,154
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 384
Bank loans and overdrafts 15,750 15,000
Other creditors 64,800 71,983
Taxation and social security 7,783 3,445
88,333 90,812
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 270,274 286,811
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 142,025 172,075
Other Creditors 144,000 144,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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10. Reserves
Fair Value Reserve
£
As at 1 January 2025 49,703
As at 31 December 2025 49,703
11. Related Party Transactions
During the year the company loaned monies from Wheelhouse Pilot Ltd. The amount outstanding at the year end date was £62,518 (2024: £67,418). The loan is interest free and repayable on demand.
During the year the company loaned monies to Wheelhouse Argosy Ltd. The amount outstanding at the year end date was £379 (2024: £379). The loan is interest free and repayable on demand.
During the year the company loaned monies to Hackness Strata Ltd. The amount outstanding at the year end date was £756 (2024: £2,244 owed to Hackness Strata). The loan is interest free and repayable on demand.
During the year the company loaned monies to Homemore Ltd. The amount outstanding at the year end date was £12,230 (2024: £18,330). The loan is interest free and repayable on demand.
12. Ultimate Controlling Party
The company is under the ultimate control of Wheelhouse Holdings Limited, who is the sole shareholder of the company. The directors of this company are part shareholders of Wheelhouse Holdings Limited.
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