Woods River Cruises Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 01132553

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,863,206		24,966,590

			24,863,206		24,966,590
CURRENT ASSETS
Debtors	5	2,057,606		2,257,849
Cash at bank and in hand		632,967		1,072,748

		2,690,573		3,330,597
Creditors: Amounts Falling Due Within One Year	6	(5,464,565 )		(2,514,362 )

NET CURRENT ASSETS (LIABILITIES)			(2,773,992 )		816,235

TOTAL ASSETS LESS CURRENT LIABILITIES			22,089,214		25,782,825

Creditors: Amounts Falling Due After More Than One Year	7		(303,901 )		(4,131,929 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,948,233 )		(4,956,752 )

NET ASSETS			16,837,080		16,694,144

CAPITAL AND RESERVES
Called up share capital	8		159,613		159,613
Share premium account			60,881		60,881
Revaluation reserve	10		8,347,476		8,347,476
Capital redemption reserve			11,184		11,184
Profit and Loss Account			8,257,926		8,114,990

SHAREHOLDERS' FUNDS			16,837,080		16,694,144

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Woods River Cruises Limited

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 Thomas Woods

Director

27/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Woods River Cruises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01132553 . The registered office is Woods Quay, Victoria Embankment, London, WC2N 6AY.

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.

The financial statement are preparing in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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:

Passenger boats and pontoons	10%
Fixtures & Fittings	20% - 50%

2.4. Leasing and Hire Purchase Contracts

As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.5. Financial Instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' of IFRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and cash equivalent balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transactions price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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Woods River Cruises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. such assets and liabilities are not recognised if the timing difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all of part of the asset to be recovered. Deferred rax is calculated at the enacted or substantively enacted tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the statement of comprehensive income, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same authority.

2.8. Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 41 (2024: 36)

4. Tangible Assets

	Passenger boats and pontoons	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	25,851,799	299,685	26,151,484
Additions	100,761	46,965	147,726
Revaluation	(181,961 )	-	(181,961 )

As at 31 December 2025	25,770,599	346,650	26,117,249

Depreciation
As at 1 January 2025	964,829	220,065	1,184,894
Provided during the period	44,096	25,053	69,149

As at 31 December 2025	1,008,925	245,118	1,254,043

...CONTINUED

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Woods River Cruises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	24,761,674	101,532	24,863,206

As at 1 January 2025	24,886,970	79,620	24,966,590

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	596,912	331,261
Amounts owed by group undertakings	1,100,375	1,400,000
Other debtors	360,319	526,588

	2,057,606	2,257,849

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	908,965	672,097
Bank loans and overdrafts	3,656,890	381,979
Other creditors	883,147	1,460,286
Taxation and social security	15,563	-

	5,464,565	2,514,362

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

	2025	2024
	£	£
Bank loans	-	3,646,321
Other creditors	303,901	485,608

	303,901	4,131,929

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	159,613	159,613

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

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Woods River Cruises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Reserves

	Share Premium	Revaluation reserve	Capital Redemption	Profit and Loss Account
	£	£	£	£
As at 1 January 2025	60,881	8,347,476	11,184	8,114,990
Profit for the year and total comprehensive income	-	-	-	142,936

As at 31 December 2025	60,881	8,347,476	11,184	8,257,926

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