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REGISTERED NUMBER: 00097547 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Bognor Pier Company Limited

The Bognor Pier Company Limited (Registered number: 00097547)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


The Bognor Pier Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs G Frost





SECRETARY: Mrs M Beevers





REGISTERED OFFICE: Bognor Regis Town Council
Town Hall
Clarence Road
Bognor Regis
West Sussex
PO21 1LD





REGISTERED NUMBER: 00097547 (England and Wales)





ACCOUNTANTS: DCK Accounting Solutions Ltd
Unit 1
Uffcott Farm
Wroughton
Wiltshire
SN4 9NB

The Bognor Pier Company Limited (Registered number: 00097547)

Report of the Director
for the Year Ended 31 December 2023

The director presents her report with the financial statements of the company for the year ended 31 December 2023.

DIRECTOR
Mrs G Frost held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs G Frost - Director


21 February 2024

The Bognor Pier Company Limited (Registered number: 00097547)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
£    £   

TURNOVER 65,100 63,339

Administrative expenses 75,380 72,042
(10,280 ) (8,703 )

Other operating income 11,144 10,655
OPERATING PROFIT 864 1,952

Interest receivable and similar income 25 5
PROFIT BEFORE TAXATION 889 1,957

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 889 1,957

The Bognor Pier Company Limited (Registered number: 00097547)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 430,000 430,000

CURRENT ASSETS
Prepayments and accrued income 4,401 4,401
Cash at bank 33,607 43,015
38,008 47,416
CREDITORS
Amounts falling due within one year 5 35,401 45,698
NET CURRENT ASSETS 2,607 1,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,607

431,718

CAPITAL AND RESERVES
Called up share capital 9,097 9,097
Revaluation reserve 6 411,689 411,689
Retained earnings 11,821 10,932
SHAREHOLDERS' FUNDS 432,607 431,718

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

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

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Mrs G Frost - Director


The Bognor Pier Company Limited (Registered number: 00097547)

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

1. STATUTORY INFORMATION

The Bognor Pier Company 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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

The Bognor Pier Company Limited (Registered number: 00097547)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 430,000
NET BOOK VALUE
At 31 December 2023 430,000
At 31 December 2022 430,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1 -
Taxation and social security 7,738 5,445
Other creditors 27,662 40,253
35,401 45,698

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 411,689