Contents of the Financial Statements

for the Period Ended 20 March 2026

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 20 March 2026

The directors present their report with the financial statements of the company for the period ended 20 March 2026

Directors

The director shown below has held office during the whole of the period from
20 March 2026 to 20 March 2026

Frederick Shawn Galin

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 October 2026

And signed on behalf of the board by:
Name: Frederick Shawn Galin
Status: Director

Profit And Loss Account

for the Period Ended 20 March 2026

	20 March 2026	19 March 2026
	£	£
Turnover:	0	0
Cost of sales:	( 30,863 )	( 57,904 )
Gross profit(or loss):	(30,863)	(57,904)
Administrative expenses:	0	( 1,500 )
Operating profit(or loss):	(30,863)	(59,404)
Profit(or loss) before tax:	(30,863)	(59,404)
Profit(or loss) for the financial year:	(30,863)	(59,404)

Balance sheet

As at 20 March 2026

	Notes	20 March 2026	19 March 2026
		£	£
Fixed assets
Tangible assets:	3	825,000	825,000
Total fixed assets:		825,000	825,000
Current assets
Debtors:	4	0	30,863
Cash at bank and in hand:		191	191
Total current assets:		191	31,054
Creditors: amounts falling due within one year:	5	( 30,000 )	( 163,935 )
Net current assets (liabilities):		(29,809)	(132,881)
Total assets less current liabilities:		795,191	692,119
Creditors: amounts falling due after more than one year:	6	( 2,166,840 )	( 2,032,905 )
Total net assets (liabilities):		(1,371,649)	(1,340,786)
Capital and reserves
Called up share capital:		115	115
Profit and loss account:		(1,371,764 )	(1,340,901 )
Total Shareholders' funds:		( 1,371,649 )	(1,340,786)

The notes form part of these financial statements

Balance sheet statements

For the year ending 20 March 2026 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 20 March 2026

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents vessel booking income, net of any brokerage payable, for charters arising in the accounting period excluding any APA, Advance Provisioning Allowance, which is set off against the relevant expenditure.

  Tangible fixed assets depreciation policy

  The vessel, the motoryacht Chantella, is valued for insurance purposes at Euros1.802million. On a forced sale Chantella would be worth considerably less, around Euros825,000 according to the previous owner. Accordingly, the vessel has been revalued at Euros825,000 for the time being. Accordingly, the vessel is not depreciated and is shown at a value of Euros 825,000. The vessel will be revalued after sale by the new owner.

  Valuation information and policy

  All figures are stated in Euros rather than £GBP.

Notes to the Financial Statements

for the Period Ended 20 March 2026

• 2. Employees

  	20 March 2026	19 March 2026
  Average number of employees during the period	2	2

  The number of employees varies due to the seasonal nature of the trade; during the latest accounting periods this ranged between 2 and 5 employees.