FIFTY FOUR FOUR LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Verallo

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the Directors consider that the Company and the Yachting Group has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The financial statements have been prepared on the going concern basis which assumes that the group and company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.”

Group structure

1. FIFTY FOUR FOUR LIMITED · parent
   1. Y.CO Yacht Limited 100% · United Kingdom · Dormant company
   2. YCO, Inc 100% · USA · Brokerage and yacht management services
   3. YCO NY Inc 100% · USA · Holding client accounts
   4. XBN Limited 85.61% · United Kingdom · Non-trading subsidiary

Significant events

• “On 1 July 2024, the group effected a re-organisation whereby Y.CO SAM's ownership was transferred to a newly created entity, Y.CO 2 SAM, by way of a share-for-share exchange. The loss on disposal of Y.CO SAM has been calculated as follows:”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -45.6%

  £28,019,904 → £15,250,323

• Cash

  -69.6%

  £6,650,565 → £2,021,218

• Net assets

  -15.1%

  £2,943,262 → £2,498,916

• Employees

  -31.4%

  121 → 83

• Operating profit

  +155.8%

  -£262,157 → £146,414

• Profit before tax

  -327.4%

  £164,722 → -£374,521

• Wages

  -47.5%

  £15,677,110 → £8,234,940

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers