REGISTERED NUMBER: 11435705 (England and Wales)

ST. PIER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A H St. Pier

Mrs J L St Pier

REGISTERED OFFICE:

Saxon House

Castle Street

Guildford

Surrey

GU1 3UW

REGISTERED NUMBER:

11435705 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

5

1,567

887

Investment property

6

4,296,000

6,000,000

4,297,567

6,000,887

CURRENT ASSETS

Debtors

7

186,629

251,135

Cash at bank

2,071,511

172,320

2,258,140

423,455

CREDITORS

Amounts falling due within one year

8

(2,440,332

)

(583,059

)

NET CURRENT LIABILITIES

(182,192

)

(159,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,115,375

5,841,283

CREDITORS

Amounts falling due after more than one year

9

(4,025,452

)

(6,051,822

)

NET ASSETS/(LIABILITIES)

89,923

(210,539

)

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

89,918

(210,544

)

89,923

(210,539

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 13 October 2025 and were signed on its behalf by:

A H St. Pier - Director

1.	STATUTORY INFORMATION

St. Pier 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The director has made key assumptions in the determination of the fair value of investment properties. The investment properties are stated at the director's assessment of open market value, being the value at which the investment property could be exchanged between knowledgeable willing parties in an arm's length transaction. The valuation method is further described in 'Investment Property' together with the valuation of the property at the reporting date.

Turnover

Turnover represents rental income under operating leases from investment properties held, excluding value added tax.

Rentals receivable under operating leases are charged to income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

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

Plant and machinery, etc - over life of lease or 5 year straight line.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the income statement, and included in administrative expenses.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation and are accounted for in accordance with FRS 102 Section 16 "Investment Property." Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value.

Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period which they arise. Any gains are subsequently transferred to a non-distributable reserve. The company has applied S841 of the Companies Act 2006 allowing provisions for diminution in value to be grouped with overall net unrealised gains. Any losses are therefore only transferred to the non-distributable reserve as far as they can be matched against overall net unrealised gains.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price. With the exception of Investment properties the company has no financial assets measured at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost using the effective interest rate method.

Taxation

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

9,259

Additions

1,099

At 30 June 2025

10,358

DEPRECIATION

At 1 July 2024

8,372

Charge for year

419

At 30 June 2025

8,791

NET BOOK VALUE

At 30 June 2025

1,567

At 30 June 2024

887

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

6,000,000

Disposals

(1,825,000

)

Change in fair value

121,000

At 30 June 2025

4,296,000

NET BOOK VALUE

At 30 June 2025

4,296,000

At 30 June 2024

6,000,000

No formal valuation was undertaken during the year and the directors have valued the properties at £4,296,000 (2024: £6,000,000); this is deemed by the directors to represent an appropriate fair value at the year end and be equivalent to the open market value.

The change in fair value of £121,000 has been recognised in the income statement.

If all the properties were sold at their open market value at the balance sheet date, there would be an estimated tax liability arising of £Nil (2024: £Nil).

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

107,406

125,770

Other debtors

53,771

73,543

161,177

199,313

Amounts falling due after more than one year:

Other debtors

25,452

51,822

Aggregate amounts

186,629

251,135

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

40,696

8,571

Taxation and social security

76,488

85,947

Other creditors

2,323,148

488,541

2,440,332

583,059

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

4,025,452

6,051,822

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

8,500

8,500

Between one and five years

21,958

30,458

30,458

38,958

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St. Pier Limited for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of St. Pier Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St. Pier Limited and state those matters that we have agreed to state to the Board of Directors of St. Pier Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St. Pier Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St. Pier Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St. Pier Limited. You consider that St. Pier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St. Pier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

16 October 2025