Caprice Chartering Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07421297

Caprice Chartering Company Limited

Filleted Financial Statements

30 June 2025

Caprice Chartering Company Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		253,649	326,144

Current assets

Debtors	6	1,886	4,912
Cash at bank and in hand		6,524	27,242
		-------	--------
		8,410	32,154

Creditors: amounts falling due within one year	7	( 35,366)		( 3,298,003)
		--------		------------
Net current liabilities			( 26,956)	( 3,265,849)
			---------	------------
Total assets less current liabilities			226,693	( 2,939,705)

Provisions

Taxation including deferred tax	( 41,983)	( 41,983)
	---------	------------
Net assets/(liabilities)	184,710	( 2,981,688)
	---------	------------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account	9	184,709	( 2,981,689)
		---------	------------
Shareholder funds/(deficit)		184,710	( 2,981,688)
		---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 18 September 2026 , and are signed on behalf of the board by:

Mr E M Cresswell
Director

Company registration number: 07421297

Caprice Chartering Company Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In the opinion of the director, the company remains a going concern as it has the continuing financial and operational support of the parent company, Maclean Cresswell Associates Limited, and is expected to be able to meet its day to day trading obligations for the foreseeable future, being not less than one year from the date of approval of these financial statements. As such, the financial statements have been prepared on the going concern basis. In forming this opinion, the director has undertaken a review of the future cash flow needs of the business and of its future trading revenue expectations. The company is reliant on the continuing financial support of the parent company and the director has reviewed the financial resources within the parent and considers the company to be sufficiently profitable to be able to provide the requisite level of support.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, including amounts receivable for yacht chartering services provided during the period, stated net of discounts and of Value Added Tax. Revenue from yacht chartering is recognised in accordance with each charter agreement and generally when the charter itself falls within the accounting period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Yacht, Baycruiser and Tender	-	10 or 15 years straight line
Fixtures and equipment	-	3 years straight line
Motor vehicles	-	25% per annum reducing balance
Technical equipment	-	3 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Yacht, Baycruiser and Tender	Fixtures and equipment	Motor vehicles	Technical equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024 and 30 June 2025	1,217,462	135,678	1,914	3,857	1,358,911
	------------	---------	-------	-------	------------
Depreciation
At 1 July 2024	891,361	135,678	1,871	3,857	1,032,767
Charge for the year	72,484	–	11	–	72,495
	------------	---------	-------	-------	------------
At 30 June 2025	963,845	135,678	1,882	3,857	1,105,262
	------------	---------	-------	-------	------------
Carrying amount
At 30 June 2025	253,617	–	32	–	253,649
	------------	---------	-------	-------	------------
At 30 June 2024	326,101	–	43	–	326,144
	------------	---------	-------	-------	------------

6. Debtors

	2025	2024
	£	£
Other debtors	1,886	4,912
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	17,320	19,797
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	3,260,160
Other creditors	18,046	18,046
	--------	------------
	35,366	3,298,003
	--------	------------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Summary audit opinion

The auditor's report dated 18 September 2026 was unqualified .

The senior statutory auditor was Mark Richardson , for and on behalf of Moore Kingston Smith LLP .

11. Director's advances, credits and guarantees

Throughout the year the company was in receipt of a short term advance from the directors. At the balance sheet date the amount owing and included in Other creditors was £8,398 (2024: £8,398).

12. Related party transactions

During the year the debt with immediate parent was written off. Aside from the above there were no further related party transactions or balances noted for disclosure as required by Financial Reporting Standard 102, Section 1A.

13. Controlling party

Throughout the year, the company's immediate parent undertaking was Maclean Cresswell Associates Limited , a company registered in England, whose accounts can be obtained from, Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ. During the year No Horizon Ltd , a company registered in England, was introduced as the ultimate parent undertaking. This company is controlled by Mr E M Cresswell who remains the ultimate controlling party.