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REGISTERED NUMBER: 09185339 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Pier View (Brighton) Limited

Pier View (Brighton) Limited (Registered number: 09185339)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Pier View (Brighton) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs L Edwards
B J Edwards
D B H Wheatley
Mrs R Wheatley





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 09185339 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Pier View (Brighton) Limited (Registered number: 09185339)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 255,419 286,889
Tangible assets 5 173,651 72,857
429,070 359,746

CURRENT ASSETS
Stocks 8,000 4,500
Debtors 6 4,424 4,940
Cash at bank and in hand 101,493 57,733
113,917 67,173
CREDITORS
Amounts falling due within one year 7 479,436 419,592
NET CURRENT LIABILITIES (365,519 ) (352,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,551

7,327

PROVISIONS FOR LIABILITIES 12,231 9,661
NET ASSETS/(LIABILITIES) 51,320 (2,334 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 51,316 (2,338 )
SHAREHOLDERS' FUNDS 51,320 (2,334 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pier View (Brighton) Limited (Registered number: 09185339)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





B J Edwards - Director


Pier View (Brighton) Limited (Registered number: 09185339)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Pier View (Brighton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Leasehold is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pier View (Brighton) Limited (Registered number: 09185339)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 307,402 10,958 318,360
AMORTISATION
At 1 June 2022 30,740 731 31,471
Charge for year 30,740 730 31,470
At 31 May 2023 61,480 1,461 62,941
NET BOOK VALUE
At 31 May 2023 245,922 9,497 255,419
At 31 May 2022 276,662 10,227 286,889

Pier View (Brighton) Limited (Registered number: 09185339)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 - 14,331 66,980 19,275 100,586
Additions 116,845 - 7,164 - 124,009
At 31 May 2023 116,845 14,331 74,144 19,275 224,595
DEPRECIATION
At 1 June 2022 - 2,683 12,876 12,170 27,729
Charge for year 7,565 2,329 11,900 1,421 23,215
At 31 May 2023 7,565 5,012 24,776 13,591 50,944
NET BOOK VALUE
At 31 May 2023 109,280 9,319 49,368 5,684 173,651
At 31 May 2022 - 11,648 54,104 7,105 72,857

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 4,424 4,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 42,791 11,673
Amounts owed to group undertakings 405,845 369,260
Taxation and social security 29,390 12,309
Other creditors 1,410 26,350
479,436 419,592

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 34,000 34,000
Between one and five years 170,000 170,000
In more than five years 204,000 272,000
408,000 476,000

Upon the purchase of the business in May 2021, the company entered into a 15 year lease with an initial rent of £34,000 per annum.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs Edwards.

Pier View (Brighton) Limited

Report of the Accountants to the Directors of
Pier View (Brighton) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................