PIER 52 CIC

Company limited by guarantee

Company Registration Number:
10746824 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

PIER 52 CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PIER 52 CIC

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The company's principal activity during the year continued to be recreational sports activities.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Sebastian Benjamin Kearns
Dean Allan Russell


The director shown below has held office during the period of
1 May 2023 to 17 August 2023

Luke Mills-Flemming


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 January 2025

And signed on behalf of the board by:
Name: Dean Allan Russell
Status: Director

PIER 52 CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 649
Total fixed assets: 0 649
Current assets
Debtors: 4 7,712 8,126
Cash at bank and in hand: 1,795 818
Total current assets: 9,507 8,944
Creditors: amounts falling due within one year: 5 ( 6,933 ) ( 5,907 )
Net current assets (liabilities): 2,574 3,037
Total assets less current liabilities: 2,574 3,686
Creditors: amounts falling due after more than one year: 6 ( 7,028 ) ( 9,374 )
Total net assets (liabilities): (4,454) (5,688)
Members' funds
Profit and loss account: (4,454) ( 5,688)
Total members' funds: ( 4,454) (5,688)

The notes form part of these financial statements

PIER 52 CIC

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 January 2025
and signed on behalf of the board by:

Name: Dean Allan Russell
Status: Director

The notes form part of these financial statements

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Straight line (years) Plant and machinery 3 Office Equipment 3

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 6

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 12,241 899 13,140
Additions
Disposals ( 899 ) ( 899 )
Revaluations
Transfers
At 30 April 2024 12,241 0 12,241
Depreciation
At 1 May 2023 12,241 250 12,491
Charge for year
On disposals ( 250 ) ( 250 )
Other adjustments
At 30 April 2024 12,241 0 12,241
Net book value
At 30 April 2024 0 0 0
At 30 April 2023 0 649 649

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Other debtors 7,712 8,126
Total 7,712 8,126

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 27 166
Other creditors 6,906 5,741
Total 6,933 5,907

PIER 52 CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 7,028 9,374
Total 7,028 9,374

COMMUNITY INTEREST ANNUAL REPORT

PIER 52 CIC

Company Number: 10746824 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Pier 52 is based at a public park and lake, we bring tourism into the local area by offering services that are not widely available including Cable Wakeboarding and Stand Up Paddleboarding and Kayaking. We also offer local residents the opportunity to get active on the water which benefits both physically and mentally. Pier 52 employs 6 local members of staff. We work offering reduced rates for local clubs including scouts, cubs and beavers. Pier 52 work with both local mainstream schools and schools with behavioural issues. Stand Up Paddleboard- SUP is a great way to get and stay fit. Being on the water also promotes mental health wellbeing. SUP can be used by both young, old, slim and large so is all-inclusive. Wakeboarding is a more skill specific sport teaching technique, skill and control.

Consultation with stakeholders

Pier 52 stakeholders are residents of and visitors to Chasewater Country Park. The staff have grown up and live in the local area and developed the water sports business based on their skill, coaching experience of talking to other residents. Being that customers are with us for a minimum of 20mins and receive 1 to 1 tuition we build a relationship with them, establishing an achievable goal for them to reach. This gives us the opportunity to find out more about our customer demographic and where we can improve. We have a suggestion tab on our website when people visit and are always looking at how we can improve as a company.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £6,285.00.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 January 2025

And signed on behalf of the board by:
Name: Dean Russell
Status: Director