Red Fox Marine Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 16213066

		2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		235,938

			235,938
CURRENT ASSETS
Debtors	5	23,270
Cash at bank and in hand		154

		23,424
Creditors: Amounts Falling Due Within One Year	6	(128,992 )

NET CURRENT ASSETS (LIABILITIES)			(105,568 )

TOTAL ASSETS LESS CURRENT LIABILITIES			130,370

NET ASSETS			130,370

CAPITAL AND RESERVES
Called up share capital	7		100
Capital Contribution			149,394
Profit and Loss Account			(19,124 )

SHAREHOLDERS' FUNDS			130,370

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Red Fox Marine Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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

C J Elsden

Director

20 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Red Fox Marine Limited is a private company, limited by shares,registered in England & Wales. The company's registered office address is York House, 4a Highfield Gardens, Liss, Hampshire, GU30 7NQ.

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

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.

2.2. Turnover

Turnover comprises voluntary donations received in support of heritage restoration activities, income from the sale of related merchandise, and returns arising from investment in heritage assets. Donations are recognised when the company becomes entitled to the funds, the amount can be measured reliably, and receipt is probable. Turnover from merchandise sales is recognised when control of the goods passes to the customer, typically on dispatch. Investment income is recognised on an accruals basis when the company’s right to receive payment is established. All turnover is stated net of value added tax and trade discounts.

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:

Assets Under Construction

The cost of assets under construction includes directly attributable costs of construction and restoration. General overheads and operating costs are not capitalised unless they can be directly attributed to the construction of the asset.

2.4. Financial Instruments

The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL

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Red Fox Marine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Assets Under Construction
	£
Cost
As at 28 January 2025	-
Additions	235,938

As at 31 January 2026	235,938

Net Book Value
As at 31 January 2026	235,938

As at 28 January 2025	-

At the reporting date, the company has recognised assets under construction. These assets represent capital expenditure incurred on projects that were incomplete at the balance sheet date.

Assets under construction are stated at cost, which includes all directly attributable expenditure necessary to bring the asset to its intended location and condition for use. Depreciation is not charged on these assets until they are available for use, at which point they will be transferred to the appropriate fixed asset category and depreciated over their expected useful lives.

5. Debtors

	2026
	£
Due within one year
Other debtors	23,270

6. Creditors: Amounts Falling Due Within One Year

	2026
	£
Trade creditors	20,428
Other creditors	108,564

	128,992

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Red Fox Marine Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Share Capital

	2026
Allotted, called up and fully paid	£
100 Ordinary Shares of £ 1.00 each	100


Shares issued during the period:	£
100 Ordinary Shares of £ 1.00 each	100

8. Reserves

	Capital Contribution	Profit and Loss Account
	£	£
As at 28 January 2025	-	-
Loss for the year and total comprehensive income	-	(19,124 )

Arising on shares issued during the period	-	-
Capital contributions	149,394	-

As at 31 January 2026	149,394	(19,124 )

Capital contribution reserve

The capital contribution reserve represents amounts received from a connected undertaking to fund the development and restoration of the company’s vessel. These amounts are not repayable and no shares have been issued in respect of these contributions.

The contributions are treated as equity in accordance with the substance of the arrangement and are not recognised in the profit and loss account.

Connected undertaking £149,394

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