REGISTERED NUMBER: 09911740 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUMMERSIDE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Ezekiel

Mrs Y S Ezekiel

REGISTERED OFFICE:

Astley Bank

Bolton Road

Darwen

BB3 2QB

REGISTERED NUMBER:

09911740 (England and Wales)

ACCOUNTANTS:

Turner & Turner (Preston) Ltd

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Investments

4

2,666,995

2,666,995

CURRENT ASSETS

Debtors

5

11,317

12,354

Cash at bank

1,249

1,390

12,566

13,744

CREDITORS

Amounts falling due within one year

6

1,863,389

1,749,772

NET CURRENT LIABILITIES

(1,850,823

)

(1,736,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

816,172

930,967

CREDITORS

Amounts falling due after more than one year

7

771,604

819,297

NET ASSETS

44,568

111,670

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

44,468

111,570

44,568

111,670

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 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 23 December 2025 and were signed on its behalf by:

A Ezekiel - Director

1.	STATUTORY INFORMATION

Summerside Investments 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.

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 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 April 2024

and 31 March 2025

2,666,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

11,317

12,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

45,308

42,924

Amounts owed to group undertakings

886,440

729,162

Other creditors

931,641

977,686

1,863,389

1,749,772

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

771,604

819,297

8.

LOANS

Bank borrowings are secured by way of fixed and floating charges over the assets of Astley Bank Hotel Limited, the company's subsidiary undertaking.

The director's loan is non-interest bearing and repayable on demand.

9.

RESERVES

Retained

earnings

£

At 1 April 2024

111,570

Deficit for the year

(66,102

)

Dividends

(1,000

)

At 31 March 2025

44,468