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REGISTERED NUMBER: 07553393 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Walberswick Ferry Company Limited

Walberswick Ferry Company Limited (Registered number: 07553393)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walberswick Ferry Company Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mrs D Chalker





REGISTERED OFFICE: Cherry Orchard
Blackheath
Wenhaston
Halesworth
Suffolk
IP19 9EH





REGISTERED NUMBER: 07553393 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Walberswick Ferry Company Limited (Registered number: 07553393)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 172,096 183,247
172,096 183,247

CURRENT ASSETS
Debtors 6 8,003 12,308
Cash at bank 42,990 27,595
50,993 39,903
CREDITORS
Amounts falling due within one year 7 11,849 16,232
NET CURRENT ASSETS 39,144 23,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,240

206,918

PROVISIONS FOR LIABILITIES 5,853 7,615
NET ASSETS 205,387 199,303

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 205,287 199,203
SHAREHOLDERS' FUNDS 205,387 199,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Walberswick Ferry Company Limited (Registered number: 07553393)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 14 August 2025 and were signed by:





Mrs D Chalker - Director


Walberswick Ferry Company Limited (Registered number: 07553393)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Walberswick Ferry 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.

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


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.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Jettys - 5% on reducing balance
Equipment - 15% on reducing balance
Ferry Boats - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


Walberswick Ferry Company Limited (Registered number: 07553393)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

Turnover
The company's turnover represents the value of services supplied to customers during the year. All services took place in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 16,500
AMORTISATION
At 1 April 2024
and 31 March 2025 16,500
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Walberswick Ferry Company Limited (Registered number: 07553393)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Freehold
property Jettys Equipment
£    £    £   
COST
At 1 April 2024 86,030 65,000 40,069
Additions - - 276
At 31 March 2025 86,030 65,000 40,345
DEPRECIATION
At 1 April 2024 - 18,541 20,115
Charge for year - 2,322 2,998
At 31 March 2025 - 20,863 23,113
NET BOOK VALUE
At 31 March 2025 86,030 44,137 17,232
At 31 March 2024 86,030 46,459 19,954

Ferry Motor
Boats vehicles Totals
£    £    £   
COST
At 1 April 2024 56,001 18,500 265,600
Additions 3,139 - 3,415
At 31 March 2025 59,140 18,500 269,015
DEPRECIATION
At 1 April 2024 34,303 9,394 82,353
Charge for year 6,210 3,036 14,566
At 31 March 2025 40,513 12,430 96,919
NET BOOK VALUE
At 31 March 2025 18,627 6,070 172,096
At 31 March 2024 21,698 9,106 183,247

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 8,003 12,308

Walberswick Ferry Company Limited (Registered number: 07553393)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 76 512
Taxation and social security 10,423 10,320
Other creditors 1,350 5,400
11,849 16,232

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mrs D Chalker
Balance outstanding at start of year - -
Amounts advanced 654 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 654 -

The loan was unsecured and has been repaid after the year-end.