REGISTERED NUMBER: 04596324 (England and Wales)

Carlin Boat Charter Limited

Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G Alford

B J Alford

R W English

REGISTERED OFFICE:

Unit 2a

Railway Triangle Industrial Estate

Dorchester

Dorset

DT1 2PJ

REGISTERED NUMBER:

04596324 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

Unit 2a

Railway Triangle Industrial Estate

Dorchester

Dorset

DT1 2PJ

BANKERS:

Lloyds Bank plc

92 St Mary Street

Weymouth

Dorset

DT4 8PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,758,134

2,107,303

2,758,134

2,107,303

CURRENT ASSETS

Stocks

55,233

41,980

Debtors

6

117,863

227,501

Cash at bank and in hand

167,432

3,177,308

340,528

3,446,789

CREDITORS

Amounts falling due within one year

7

1,839,186

3,677,792

NET CURRENT LIABILITIES

(1,498,658

)

(231,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,259,476

1,876,300

CREDITORS

Amounts falling due after more than one year

8

-

(10,043

)

PROVISIONS FOR LIABILITIES

9

(453,956

)

(507,852

)

NET ASSETS

805,520

1,358,405

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

805,516

1,358,401

SHAREHOLDERS' FUNDS

805,520

1,358,405

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 1 June 2026 and were signed on its behalf by:

J G Alford - Director

1.	STATUTORY INFORMATION

Carlin Boat Charter 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Leasehold property

-

over the unexpired term of the lease

Boat

-

5% on cost

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 13 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

15,000

AMORTISATION

At 1 December 2024

and 30 November 2025

15,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

property

property

Boat

£

£

£

COST

At 1 December 2024

-

77,412

3,279,119

Additions

375,708

-

450,515

At 30 November 2025

375,708

77,412

3,729,634

DEPRECIATION

At 1 December 2024

-

4,388

1,282,910

Charge for year

-

3,870

186,481

At 30 November 2025

-

8,258

1,469,391

NET BOOK VALUE

At 30 November 2025

375,708

69,154

2,260,243

At 30 November 2024

-

73,024

1,996,209

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 December 2024

67,018

-

3,423,549

Additions

2,482

24,746

853,451

At 30 November 2025

69,500

24,746

4,277,000

DEPRECIATION

At 1 December 2024

28,948

-

1,316,246

Charge for year

6,083

6,186

202,620

At 30 November 2025

35,031

6,186

1,518,866

NET BOOK VALUE

At 30 November 2025

34,469

18,560

2,758,134

At 30 November 2024

38,070

-

2,107,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,849

171,934

Other debtors

27,119

38,622

Prepayments and accrued income

22,895

16,945

117,863

227,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,027

10,000

Other loans

1,305,691

1,917,145

Trade creditors

94,284

1,365,757

UK corporation tax

-

103,324

Tax and social security costs

6,033

5,616

Other creditors

17,410

3,482

Directors' current accounts

385,331

266,494

Accruals and deferred income

20,410

5,974

1,839,186

3,677,792

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,043

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

577,644

507,852

Tax losses carried forward

(123,688

)

-

453,956

507,852

Deferred

tax

£

Balance at 1 December 2024

507,852

Credit to Income Statement during year

(53,896

)

Balance at 30 November 2025

453,956

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has future operating lease commitments totalling £587,667.

11.	RELATED PARTY DISCLOSURES

Included in other creditors are the following:

a) Directors' current accounts (in credit)

The sums of £298,962, £5,874 and £80,495 were owed to the directors, J G Alford, B J Alford and R W English respectively at the balance sheet date.

b) Other loans

Interest-free and unsecured funding loans are owed to the director J G Alford, Four A's Developments Ltd and Springfield Country Hotel (Stoborough) Ltd, two companies in which J G Alford is director and owns controlling shareholdings. The balances of these loans at 30 November 2025 stood at:

J G Alford

£113,790

Four A's Developments Ltd

£1,141,901

Springfield Country Hotel (Stoborough) Ltd

£50,000