REGISTERED NUMBER: 03815777 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Vick Marine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P F Wagstaff

A E M Wagstaff

SECRETARY:

P F Wagstaff

REGISTERED OFFICE:

4 Enterprise Court

Downmill Road

Bracknell

Berkshire

RG12 1QS

REGISTERED NUMBER:

03815777 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Intangible assets

4

1,650,000

1,650,000

Investments

5

1,500,000

1,600,000

3,150,000

3,250,000

CURRENT ASSETS

Cash at bank

3,577

624

CREDITORS

Amounts falling due within one year

6

(103,755

)

(101,694

)

NET CURRENT LIABILITIES

(100,178

)

(101,070

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,049,822

3,148,930

CREDITORS

Amounts falling due after more than one year

7

(415,032

)

(424,732

)

NET ASSETS

2,634,790

2,724,198

CAPITAL AND RESERVES

Called up share capital

98,310

98,310

Revaluation reserve

8

2,488,323

2,588,323

Retained earnings

48,157

37,565

2,634,790

2,724,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 September 2026 and were signed on its behalf by:

P F Wagstaff - Director

1.	STATUTORY INFORMATION

Vick Marine 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Intangible assets

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

Patents and licences are amortised evenly over their estimated useful lives.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

1,650,000

NET BOOK VALUE

At 31 December 2025

1,650,000

At 31 December 2024

1,650,000

Cost or valuation at 31 December 2025 is represented by:

Other

intangible

assets

£

Valuation in 2005

250,000

Valuation in 2009

582,356

Valuation in 2012

185,967

Valuation in 2014

70,000

Valuation in 2019

500,000

Valuation in 2020

1,000,000

Valuation in 2023

(1,350,000

)

Cost

411,677

1,650,000

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

1,600,000

Impairments

(100,000

)

At 31 December 2025

1,500,000

NET BOOK VALUE

At 31 December 2025

1,500,000

At 31 December 2024

1,600,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,000

-

Taxation and social security

2,103

1,394

Other creditors

100,652

100,300

103,755

101,694

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

415,032

424,732

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

2,588,323

Impairments

(100,000

)

At 31 December 2025

2,488,323

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

P F Wagstaff

Balance outstanding at start of year

424,732

332,796

Amounts advanced

-

91,936

Amounts repaid

(9,700

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

415,032

424,732

E C Vick

Balance outstanding at start of year

-

123,879

Amounts repaid

-

(123,879

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loans are unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is £1,000 (2024 - £Nil) owed to Birchwood Marine International Limited. The two companies are related by virtue of common control.