Wosa Limited

The group consists of Wosa Limited as the ultimate UK parent company together with its subsidiaries. The Italian subsidiary Wosa Limited SRL, incorporated in Italy and wholly owned by the group throughout both periods presented, is the primary operating entity and provides yacht refit and survey services principally from its base in Viareggio, Italy. Wosa Limited SRL owns two further subsidiaries: Harbour SRL, an Italian property holding company, and until 16 January 2025, Yacht Spot SRL, an Italian property letting company. The Spanish subsidiary Wosa Yacht Refit-Survey SL provides yacht survey and coordination services and was 75% owned by the group throughout the comparative period, increasing to 100% during the current year as described below. The UK parent company undertakes certain survey and consultancy activities directly and acts as the group's holding and licensing entity. Changes to group structure during the year: On 16 January 2025 the Italian subsidiary disposed of its 100% interest in Yacht Spot SRL to Filippo Calcaterra, a director and shareholder of the company, for consideration of €100,000. Yacht Spot SRL is now in liquidation. The results of Yacht Spot SRL from 1 September 2024 to the date of disposal are included in the consolidated results for the year and a loss on disposal of £57,631 has been recognised. On 10 July 2025 the group acquired the remaining 25% interest in Wosa Yacht Refit-Survey SL from Filippo Calcaterra for consideration of €7,400, bringing the group's ownership to 100%. This has been treated as an equity transaction with no goodwill or gain or loss recognised. On 7 February 2025 Nala Società Semplice was admitted as a 50% shareholder of Wosa Limited following the issue of new ordinary shares at a premium. Prior to this date Filippo Calcaterra was the sole shareholder of Wosa Limited. During the year Harbour SRL changed its statutory accounting reference date from 31 December to 31 August, aligning it with the group year end. Although Harbour SRL’s Italian statutory accounts for the current year cover a shortened period from 1 January 2025 to 31 August 2025, the consolidated financial statements include Harbour SRL’s results for the full group reporting period from 1 September 2024 to 31 August 2025, derived from its underlying accounting records.