Company No: 11064249 (England and Wales)

Contents

• Balance Sheet
• Notes to the Unaudited Financial Statements

	Note	2021		2020
		£		£
Fixed assets
Investments	3	58,042		58,037
		58,042		58,037
Current assets
Cash at bank and in hand		76,472		78,053
		76,472		78,053
Creditors
Amounts falling due within one year	4	( 23,013)		( 30,510)
Net current assets		53,459		47,543
Total assets less current liabilities		111,501		105,580
Net assets		111,501		105,580
Capital and reserves
Called-up share capital	5	38		38
Profit and loss account		111,463		105,542
Total shareholders' funds		111,501		105,580

For the financial year ending 31 March 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of THL Superyachts Limited (registered number: 11064249) were approved and authorised for issue by the Board of Directors on 13 December 2021. They were signed on its behalf by:

Helen Paull Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period.

General information and basis of accounting

THL Superyachts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of THL Superyachts Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2021
	£
Cost
At 01 April 2020	58,037
Additions	5
At 31 March 2021	58,042
Carrying value at 31 March 2021	58,042
Carrying value at 31 March 2020	58,037

Investments in shares

Name of entity	Registered office	Nature of business	Class of shares	Ownership 31.03.2021	Ownership 31.03.2020
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	ordinary A	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	ordinary B	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	ordinary C	100.00%	100.00%
Rig Revolution Limited	Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW	rigging consultancy	Ordinary D	100.00%	100.00%

4. Creditors: amounts falling due within one year

	2021		2020
	£		£
Amounts owed to own subsidiaries	17,013		13
Other creditors	6,000		30,497
	23,013		30,510

5. Called-up share capital

	2021		2020
	£		£
Allotted, called-up and fully-paid
38 ordinary shares of £ 1.00 each	38		38