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Company Registration No. 10128902 (England and Wales)
Walton Pier Limited Unaudited accounts for the year ended 30 April 2023
Walton Pier Limited Unaudited accounts Contents
Page
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Walton Pier Limited Company Information for the year ended 30 April 2023
Directors
Mr R. Bolesworth Mrs V. Bolesworth
Company Number
10128902 (England and Wales)
Registered Office
The Downshire 71 Baldwins Lane Croxley Green, Rickmansworth Herts WD3 3LT
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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Walton Pier Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,826,087 
2,178,204 
Current assets
Inventories
175,000 
125,000 
Debtors
38,892 
131,896 
Cash at bank and in hand
101,222 
154,157 
315,114 
411,053 
Creditors: amounts falling due within one year
(1,216,859)
(899,028)
Net current liabilities
(901,745)
(487,975)
Total assets less current liabilities
1,924,342 
1,690,229 
Creditors: amounts falling due after more than one year
(3,163,775)
(2,043,861)
Provisions for liabilities
Deferred tax
(200,138)
(131,823)
Net liabilities
(1,439,571)
(485,455)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,439,671)
(485,555)
Shareholders' funds
(1,439,571)
(485,455)
For the year ending 30 April 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
Mr R. Bolesworth Director Company Registration No. 10128902
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Walton Pier Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Walton Pier Limited is a private company, limited by shares, registered in England and Wales, registration number 10128902. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net invoiced sales of goods to customers and Arcade takings, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Stock is valued at the lower of cost and net realisable value. Stock is calculated using the first in first out method and consists of material and direct labour cost, together with an appropriate proportion of production overheads.
Deferred taxation
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Leased assets
Interest on finance leases and hire purchase transactions is charged to the profit and loss account on a straight line basis over the period of the relevant agreement.
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Walton Pier Limited Notes to the Accounts for the year ended 30 April 2023
Going concern
These financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
699,426 
1,364,409 
866,061 
2,929,896 
Additions
184,088 
542,964 
180,912 
907,964 
Disposals
- 
(16,999)
- 
(16,999)
At 30 April 2023
883,514 
1,890,374 
1,046,973 
3,820,861 
Depreciation
At 1 May 2022
56,737 
481,124 
213,831 
751,692 
Charge for the year
17,670 
152,298 
83,314 
253,282 
On disposals
- 
(10,200)
- 
(10,200)
At 30 April 2023
74,407 
623,222 
297,145 
994,774 
Net book value
At 30 April 2023
809,107 
1,267,152 
749,828 
2,826,087 
At 30 April 2022
642,689 
883,285 
652,230 
2,178,204 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,745 
45,546 
Other debtors
11,147 
86,350 
38,892 
131,896 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
168,240 
53,352 
Trade creditors
367,258 
263,294 
Other creditors
167,549 
38,656 
Loans from directors
513,812 
543,726 
1,216,859 
899,028 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,578,775 
1,343,861 
Other creditors
1,585,000 
700,000 
3,163,775 
2,043,861 
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Walton Pier Limited Notes to the Accounts for the year ended 30 April 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 31 (2022: 46).
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