REGISTERED NUMBER: 13082725 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

St Mawes Harbour Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G S Cairns

M W Whitton

C DeGlanville

REGISTERED OFFICE:

The Harbourmaster

The Quay

St Mawes

Cornwall

TR2 5DG

REGISTERED NUMBER:

13082725 (England and Wales)

ACCOUNTANTS:

Briants Limited

Maritime House

Discovery Quay

Falmouth

Cornwall

TR11 3XA

FIXED ASSETS

Investment property

4

270,000

270,000

CURRENT ASSETS

Cash in hand

1

1

CREDITORS

Amounts falling due within one year

5

154,000

143,000

NET CURRENT LIABILITIES

(153,999

)

(142,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

116,001

127,001

CREDITORS

Amounts falling due after more than one year

6

(66,000

)

(77,000

)

PROVISIONS FOR LIABILITIES

(9,500

)

(9,500

)

NET ASSETS

40,501

40,501

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

40,500

40,500

40,501

40,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 22 September 2025 and were signed on its behalf by:

G S Cairns - Director

1.	STATUTORY INFORMATION

St Mawes Harbour Holdings 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 as modified by the revaluation of certain assets.

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 (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

270,000

NET BOOK VALUE

At 31 December 2024

270,000

At 31 December 2023

270,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

12,500

Valuation in 2022

37,500

Cost

220,000

270,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

143,000

132,000

Other creditors

11,000

11,000

154,000

143,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

66,000

77,000

7.	RELATED PARTY DISCLOSURES

During the year, the company received £11,000 from a related party (St Mawes Pier & Harbour Company - £11,000 in 2023) to fund loan repayments in connection to the purchase of the freehold property.

8.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of its parent St Mawes Pier & Harbour Company.