Anglesey Boat Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01522452 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Anglesey Boat Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V P G Jones

D R G Jones

F N G Jones

Mrs F B De Lisle

REGISTERED OFFICE:

Porth Lafan

Beaumaris

Isle of Anglesey

LL58 8YH

REGISTERED NUMBER:

01522452 (England and Wales)

ACCOUNTANTS:

J V Banks

Chartered Accountants

Banks House

Paradise Street

Rhyl

Denbighshire

LL18 3LW

FIXED ASSETS

Tangible assets

4

2,005,424

2,050,407

Investments

5

283,471

247,160

Investment property

6

2,315,272

4,604,167

4,612,839

CURRENT ASSETS

Stocks

808,072

773,796

Debtors

7

248,242

202,313

Cash at bank and in hand

1,181,768

1,000,245

2,238,082

1,976,354

CREDITORS

Amounts falling due within one year

8

382,184

362,293

NET CURRENT ASSETS

1,855,898

1,614,061

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,460,065

6,226,900

CREDITORS

Amounts falling due after more than one
year

9

(286,597

)

(290,726

)

PROVISIONS FOR LIABILITIES

(148,337

)

(154,884

)

NET ASSETS

6,025,131

5,781,290

CAPITAL AND RESERVES

Called up share capital

1,100

Investment property reserve

11

234,895

Capital redemption reserve

70,439

Retained earnings

5,718,697

5,474,856

SHAREHOLDERS' FUNDS

6,025,131

5,781,290

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 26 September 2025 and were signed on its behalf by:

Mrs V P G Jones - Director

1.	STATUTORY INFORMATION

Anglesey Boat 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 125 years

Plant and machinery etc

-

25% on reducing balance, 12.5% on reducing balance and at variable rates on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

2,144,624

849,767

2,994,391

Additions

-

11,171

At 31 December 2024

2,144,624

860,938

3,005,562

DEPRECIATION

At 1 January 2024

359,949

584,035

943,984

Charge for year

17,157

38,997

56,154

At 31 December 2024

377,106

623,032

1,000,138

NET BOOK VALUE

At 31 December 2024

1,767,518

237,906

2,005,424

At 31 December 2023

1,784,675

265,732

2,050,407

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 January 2024

7,068

240,092

247,160

Additions

-

56,520

Disposals

-

(48,933

)

(48,933

)

Revaluations

-

28,724

At 31 December 2024

7,068

276,403

283,471

NET BOOK VALUE

At 31 December 2024

7,068

276,403

283,471

At 31 December 2023

7,068

240,092

247,160

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2021

-

22,275

Valuation in 2022

-

(59,079

)

(59,079

)

Valuation in 2023

-

6,540

Valuation in 2024

-

28,724

Cost

7,068

277,943

285,011

7,068

276,403

283,471

If Listed investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

277,943

270,356

Listed investments were valued on an open market value basis on 31 December 2024 by James Sharp & Co .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,315,272

NET BOOK VALUE

At 31 December 2024

2,315,272

At 31 December 2023

2,315,272

Fair value at 31 December 2024 is represented by:

£

Valuation in 2009

470,073

Valuation in 2012

(250,729

)

Valuation in 2015

78,326

Valuation in 2017

89,235

Valuation in 2018

(125,000

)

Valuation in 2021

3,654

Cost

2,049,713

2,315,272

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

Cost

2,049,713

Investment property was valued on an open market value basis on 24 September 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

130,056

145,756

Other debtors

118,186

56,557

248,242

202,313

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

126,586

171,208

Taxation and social security

144,713

81,210

Other creditors

110,885

109,875

382,184

362,293

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

7,070

Other creditors

279,527

283,656

286,597

290,726

10.	SECURED DEBTS

HSBC Bank plc holds First Legal Charge dated 4 May 2001 over Freehold Property know as 204 High Street, Bangor, Gwynedd.

11.

RESERVES

Investment

property

reserve

£

At 1 January 2024

and 31 December 2024

234,895

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

F N G Jones

Balance outstanding at start of year

9,563

8,608

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,700

9,563