| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 24 June 2025 to 30 June 2026 |
| for |
| Hythe Shipyard Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period 24 June 2025 to 30 June 2026 |
| for |
| Hythe Shipyard Limited |
| Hythe Shipyard Limited (Registered number: 16538815) |
| Contents of the Financial Statements |
| For The Period 24 June 2025 to 30 June 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Hythe Shipyard Limited |
| Company Information |
| For The Period 24 June 2025 to 30 June 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Goodridge Court |
| Goodridge Avenue |
| Gloucester |
| Gloucestershire |
| GL2 5EN |
| Hythe Shipyard Limited (Registered number: 16538815) |
| Balance Sheet |
| 30 June 2026 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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 were approved by the Board of Directors and authorised for issue on |
| Hythe Shipyard Limited (Registered number: 16538815) |
| Notes to the Financial Statements |
| For The Period 24 June 2025 to 30 June 2026 |
| 1. | STATUTORY INFORMATION |
| Hythe Shipyard Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable for ship and boat repairs, maintenance, lifting, mooring, storage and related services, net of discounts and VAT. Revenue from repair, maintenance and other services is recognised by reference to the stage of completion where this can be measured reliably; otherwise, it is recognised to the extent of recoverable costs incurred. Mooring and storage income is recognised over the period of service. Sales of parts and goods are recognised when the significant risks and rewards of ownership pass to the customer. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 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. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, including transaction costs. Where an arrangement constitutes a financing transaction, the financial asset is initially measured at the present value of the future receipts discounted at a market rate of interest. |
| Basic financial assets are subsequently measured at amortised cost using the effective interest method, less any impairment. Financial assets receivable within one year, with no stated interest rate and which constitute a financing transaction, are measured at the undiscounted amount expected to be received. |
| Impairment of financial assets |
| At the end of each reporting period, financial assets measured at cost or amortised cost are assessed for objective evidence of impairment. Where there is objective evidence of impairment, an impairment loss is recognised immediately in profit or loss. |
| If an impairment loss subsequently decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the impairment loss is reversed. The reversal does not result in a carrying amount greater than that which would have been recognised had no impairment loss been recorded. |
| Hythe Shipyard Limited (Registered number: 16538815) |
| Notes to the Financial Statements - continued |
| For The Period 24 June 2025 to 30 June 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Basic financial liabilities |
| Basic financial liabilities, including trade and other creditors, bank borrowings and other loans, are initially recognised at transaction price, including transaction costs. Where an arrangement constitutes a financing transaction, the financial liability is initially measured at the present value of the future payments discounted at a market rate of interest. |
| Basic financial liabilities are subsequently measured at amortised cost using the effective interest method. Financial liabilities payable within one year, with no stated interest rate and which do not constitute a financing transaction, are measured at the undiscounted amount expected to be paid. |
| Derecognition |
| Financial assets are derecognised when the contractual rights to the cash flows expire or are settled, or when substantially all the risks and rewards of ownership are transferred to another party. |
| Financial liabilities are derecognised when the company’s contractual obligations are discharged, cancelled or expire. |
| Taxation |
| Taxation for the period 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 period 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 period was |
| Hythe Shipyard Limited (Registered number: 16538815) |
| Notes to the Financial Statements - continued |
| For The Period 24 June 2025 to 30 June 2026 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 30 June 2026 |
| DEPRECIATION |
| Charge for period |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |