REGISTERED NUMBER: 01577650 (England and Wales)

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2025

for

Port Sutton Bridge Limited

Page

Company information

1

Report of the directors

2

to

3

Report of the independent auditors

4

to

7

Consolidated income statement

8

Consolidated statement of financial position

9

Company statement of financial position

10

Notes to the consolidated financial statements

11

to

15

Directors:

N Bowers

G Patrick

Registered office:

West Bank

Sutton Bridge

Spalding

Lincolnshire

PE12 9QR

Business address:

Lodge Farm

Knights End Road

Floods Ferry

March

Cambridgeshire

PE15 0YN

Registered number:

01577650 (England and Wales)

Auditors:

Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2025.

Directors

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

N Bowers

G Patrick

Audit exemption

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

Statement of directors' responsibilities

The directors are responsible for preparing the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Auditors

The auditors, Moore Thompson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

N Bowers - Director

22 December 2025

Opinion

We have audited the financial statements of Port Sutton Bridge Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated income statement, Consolidated statement of financial position, Company statement of financial position and Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the directors, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group strategic report or in preparing the Report of the directors.

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-

we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the client company's sector.

-

we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company.

-

we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

-

identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

-

considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

-

performed analytical procedures to identify any unusual or unexpected relationships;

-

tested journals entries to identify unusual transactions;

-

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-

agreeing financial statement disclosures to underlying supporting documentation;

-

reading the minutes of meetings of those charged with governance;

-

enquiring of management as to actual and potential litigation and claims;

-

reviewing correspondence with HMRC and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatement that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Hildred (Senior Statutory Auditor)

for and on behalf of Moore Thompson

27 Market Place

Market Deeping

Peterborough

Cambridgeshire

PE6 8EA

24 December 2025

Turnover

807,021

598,714

Cost of sales

405,559

304,295

Gross profit

401,462

294,419

Administrative expenses

1,500,486

1,107,432

(1,099,024

)

(813,013

)

Other operating income

1,258,119

716,382

Operating profit/(loss)

5

159,095

(96,631

)

Interest receivable and similar income

163

883

159,258

(95,748

)

Interest payable and similar expenses

25,774

20,650

Profit/(loss) before taxation

133,484

(116,398

)

Tax on profit/(loss)

45,382

(522,542

)

Profit for the financial year

88,102

406,144

Profit attributable to:

Owners of the parent

88,102

406,144

Fixed assets

Tangible assets

7

9,644,529

8,957,252

Investments

8

-

-

9,644,529

8,957,252

Current assets

Stocks

6,464

-

Debtors

9

853,573

976,237

Cash at bank and in hand

22,925

128,820

882,962

1,105,057

Creditors

Amounts falling due within one year

10

1,326,634

1,388,447

Net current liabilities

(443,672

)

(283,390

)

Total assets less current liabilities

9,200,857

8,673,862

Creditors

Amounts falling due after more than one year

11

(591,411

)

(238,054

)

Provisions for liabilities

(1,930,539

)

(1,745,003

)

Net assets

6,678,907

6,690,805

Capital and reserves

Called up share capital

1,796,850

1,796,850

Revaluation reserve

13

4,627,577

4,627,577

Capital redemption reserve

66,550

66,550

Retained earnings

187,930

199,828

Shareholders' funds

6,678,907

6,690,805

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

N Bowers - Director

Fixed assets

Tangible assets

7

9,644,529

8,957,252

Investments

8

2

2

9,644,531

8,957,254

Current assets

Stocks

6,464

-

Debtors

9

843,777

965,158

Cash at bank and in hand

22,266

128,324

872,507

1,093,482

Creditors

Amounts falling due within one year

10

1,324,134

1,385,447

Net current liabilities

(451,627

)

(291,965

)

Total assets less current liabilities

9,192,904

8,665,289

Creditors

Amounts falling due after more than one year

11

(591,411

)

(238,054

)

Provisions for liabilities

(1,930,539

)

(1,745,003

)

Net assets

6,670,954

6,682,232

Capital and reserves

Called up share capital

1,796,850

1,796,850

Revaluation reserve

13

4,627,577

4,627,577

Capital redemption reserve

66,550

66,550

Retained earnings

179,977

191,255

Shareholders' funds

6,670,954

6,682,232

Company's profit for the financial year

88,722

409,176

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

N Bowers - Director

1.	Statutory information

Port Sutton Bridge 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 General Information page.

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

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

The financial statements have been prepared under the historical cost convention.

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

-

20% on reducing balance

Plant and machinery etc

-

33% on a straight line basis and 20% on a straight line basis

Land and buildings are stated at cost or valuation. Land is not depreciated.

Buildings are depreciated on a straight-line basis over their estimated useful economic lives. Depreciation is calculated with reference to historical cost, irrespective of any revaluation.

Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date. Any revaluation surplus is credited to the revaluation reserve, except to the extent that it reverses a previous revaluation deficit recognised in profit or loss.

As depreciation continues to be calculated on historical cost, no excess depreciation arises from the revaluation and no transfer is made from the revaluation reserve to retained earnings.

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 Consolidated 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

4.	Employees and directors

The average number of employees during the year was 8 (2024 - 6 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2024 - NIL).

5.	Operating profit/(loss)

The operating profit (2024 - operating loss) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

329,892

168,574

6.	Individual income statement

As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.

7.	Tangible fixed assets

Group

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2024

8,948,715

2,079,051

11,027,766

Additions

32,628

991,136

1,023,764

Disposals

(2,101

)

(439,690

)

(441,791

)

Reclassification/transfer

18,748

(193,642

)

(174,894

)

At 31 March 2025

8,997,990

2,436,855

11,434,845

Depreciation

At 1 April 2024

864,221

1,206,293

2,070,514

Charge for year

69,388

260,504

329,892

Eliminated on disposal

(564

)

(434,225

)

(434,789

)

Reclassification/transfer

-

(175,301

)

(175,301

)

At 31 March 2025

933,045

857,271

1,790,316

Net book value

At 31 March 2025

8,064,945

1,579,584

9,644,529

At 31 March 2024

8,084,494

872,758

8,957,252

Company

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost or valuation

At 1 April 2024

8,948,715

2,079,051

11,027,766

Additions

32,628

991,136

1,023,764

Disposals

(2,101

)

(439,690

)

(441,791

)

Reclassification/transfer

18,748

(193,642

)

(174,894

)

At 31 March 2025

8,997,990

2,436,855

11,434,845

Depreciation

At 1 April 2024

864,221

1,206,293

2,070,514

Charge for year

69,388

260,504

329,892

Eliminated on disposal

(564

)

(434,225

)

(434,789

)

Reclassification/transfer

-

(175,301

)

(175,301

)

At 31 March 2025

933,045

857,271

1,790,316

Net book value

At 31 March 2025

8,064,945

1,579,584

9,644,529

At 31 March 2024

8,084,494

872,758

8,957,252

Freehold land and buildings have been revalued on an open market basis on 28 June 2022 by Gerald Eve LLP at £8,200,000. If these had not been revalued, the land and buildings would have been included at the historical cost of £2,904.121.

8.	Fixed asset investments

Company

Shares in

group

undertakings

£

Cost

At 1 April 2024

and 31 March 2025

2

Net book value

At 31 March 2025

2

At 31 March 2024

2

9.

Debtors: amounts falling due within one year

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

485,897

302,298

485,897

302,298

Amounts owed by group undertakings

151,233

210,124

141,437

199,045

Other debtors

216,443

463,815

216,443

463,815

853,573

976,237

843,777

965,158

10.

Creditors: amounts falling due within one year

Group

Company

2025

2024

2025

2024

£

£

£

£

Hire purchase contracts

133,422

-

133,422

-

Trade creditors

235,122

470,855

235,122

470,855

Amounts owed to group undertakings

581,904

527,652

581,904

527,652

Taxation and social security

99,369

37,461

99,369

37,461

Other creditors

276,817

352,479

274,317

349,479

1,326,634

1,388,447

1,324,134

1,385,447

11.

Creditors: amounts falling due after more than one year

Group

Company

2025

2024

2025

2024

£

£

£

£

Hire purchase contracts

489,215

-

489,215

-

Payments on account

7,000

7,000

7,000

7,000

Other creditors

95,196

231,054

95,196

231,054

591,411

238,054

591,411

238,054

12.	Secured debts

Hire purchase contracts are secured upon the assets to which they relate.

A debenture dated 27 October 2022 is in place, which creates a fixed charge over all of the Company’s present freehold and leasehold property. It also creates a first fixed charge over all present and future book debts, other debts, chattels, goodwill and uncalled capital, together with a first floating charge over all of the Company’s present and future assets and undertaking.

In addition, an unlimited multilateral guarantee dated 27 May 2020 has been provided by Port Sutton Bridge Limited and Port Sutton Bridge Agencies Limited.

13.

Reserves

Group

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

4,627,577

Company

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

4,627,577

14.	Audit exemption

For the financial year ended 31 March 2025 the subsidiary, Port Sutton Bridge Agencies Limited, has taken advantage of the exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.