Company Registration No. 00774336 (England and Wales)
HARWICH DOCK COMPANY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
HARWICH DOCK COMPANY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
HARWICH DOCK COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
59,819
96,981
Investments
6
1,019
1,019
60,838
98,000
Current assets
Stocks
22,566
28,711
Debtors
7
487,449
212,854
Cash at bank and in hand
10,336
128,296
520,351
369,861
Creditors: amounts falling due within one year
8
(277,684)
(268,747)
Net current assets
242,667
101,114
Total assets less current liabilities
303,505
199,114
Creditors: amounts falling due after more than one year
9
(30,111)
(53,591)
Net assets
273,394
145,523
Capital and reserves
Called up share capital
12
550,000
550,000
Profit and loss reserves
13
(276,606)
(404,477)
Total equity
273,394
145,523

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
Mr W A Binks
Director
Company registration number 00774336 (England and Wales)
HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Harwich Dock Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Naval House, Kings Quay Street, Harwich, Essex, England, CO12 3JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The Company's parent undertaking Mann Group Limited included the Company in its consolidated financial statements. The consolidated financial statements of Mann Group Limited are prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (UK General Accepted Accounting Practice) and are available to the public and may be obtained from the Registrar of Companies (England & Wales).

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue for the foreseeable future. true

However, we are aware that prior to the signing of these financial statements, the ultimate holding company of the group, BNX Holdings Limited, registered in Jersey, has been stuck off due to a prior administrative error. The directors are in the process of reinstating BNX Holdings Limited and are expecting the reinstatement to be successful.

The company has received a letter of support from BNX Holdings Limited along with fellow group companies covering a period of 12 months post signing of the company’s financial statements.

The directors believe this support from its group companies is sufficient in supporting the company in continuing to operate as a going concern for a period of 12 months post signing of the financial statements, however, until the reinstatement of BNX Holdings Limited is completed, this indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.

1.3
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Handling and related services are recognised on the day the activity is completed.

Warehouse turnover is recognised over the relevant period of time.

HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment etc
20% straight line, 25% straight line and 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

1.5
Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

1.6
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk or change in value.

1.8
Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

1.9
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

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.

HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
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.

1.10
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.

1.11

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimates useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1.12

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.13

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Exceptional item
2024
2023
£
£
Exceptional items
506,853
355,215
506,853
355,215

Exceptional items include a loan waived by Navyard Limited totalling £346,853 (2023: £355,215). Navyard Limited is also a subsidiary of the parent undertaking (Mann Group Limited).

During the year, a loan balance of £160,000 due to a related party was written off.

4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
30
32
5
Tangible fixed assets
Plant and equipment etc
£
Cost
At 1 January 2024 and 31 December 2024
1,739,322
Depreciation and impairment
At 1 January 2024
1,642,341
Depreciation charged in the year
37,162
At 31 December 2024
1,679,503
Carrying amount
At 31 December 2024
59,819
At 31 December 2023
96,981
6
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,019
1,019
HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
105,615
54,040
Other debtors
320,526
92,693
Prepayments and accrued income
61,308
66,121
487,449
212,854

Included within other debtors are amounts owed by group undertakings of 2024: £285,596 (2023: £65,296).

8
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
10
23,480
29,518
Trade creditors
203,595
130,727
Amounts owed to group undertakings
1,352
39,148
Taxation and social security
28,365
28,069
Other creditors
3,113
-
0
Accruals and deferred income
17,779
41,285
277,684
268,747
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
30,111
53,591
10
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
23,480
29,518
In two to five years
30,111
53,591
53,591
83,109
11
Secured debts

Secured debts on hire purchase contracts of 2024: £53,591 (2023: £83,109) are included within creditors.

The finance lease and hire purchase creditors are secured on the specific assets to which they relate.

HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
12
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
550,000
550,000
550,000
550,000
13
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
(404,477)
(204,934)
Adjusted balance
(404,477)
(204,934)
Profit/(loss) for the year
127,871
(199,543)
At the end of the year
(276,606)
(404,477)

This represents cumulative profit or losses, net of dividends paid and other adjustments.

14
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its 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.

Senior Statutory Auditor:
Oliver White
Statutory Auditor:
Affinia (Colchester)
Date of audit report:
21 January 2026
15
Events after the reporting date

There have been no significant events affecting the Company since the year end.

HARWICH DOCK COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
16
Related party transactions

As a wholly owned subsidiary of BNX Holdings Limited the company is exempt from the requirements of FRS102 to disclose transactions with other members of the group headed by BNX Holdings Limited.

Traminco Limited is a related party by virtue of common control. During the year Traminco Limited made charges for services, including management and consultancy services provided by the directors, amounting to £63,000 (202 3: £63,000).

17
Parent company

The ultimate parent undertaking of this company is BNX Holdings Limited which is registered in Jersey. The company is included in the consolidated accounts of Mann Group Limited, Naval House, Kings Quay Street,Harwich, CO12 3JJ, the company's immediate parent undertaking and controlling related party under the definition set out in FRS102 by virtue of its shareholding in the company. Mann Group Limited's accounts are available from the Registrar of Companies (England & Wales), Companies House, Crown Way, Cardiff, CF14 3UZ. The ultimate controlling related party based on the definitions and requirements of FRS 102 is considered to be AWS Binks as a result of his shareholdings, his beneficial interest under a trust and position on the Board of Directors of the ultimate parent undertaking.

2024-12-31 2024-01-01 false false false 21 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr T A Binks Mr A W S Binks Mr W A Binks Mr J P Ward 00774336 2024-01-01 2024-12-31 00774336 2024-12-31 00774336 2023-12-31 00774336 core:PlantMachinery 2024-12-31 00774336 core:PlantMachinery 2023-12-31 00774336 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00774336 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00774336 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 00774336 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 00774336 core:CurrentFinancialInstruments 2024-12-31 00774336 core:CurrentFinancialInstruments 2023-12-31 00774336 core:ShareCapital 2024-12-31 00774336 core:ShareCapital 2023-12-31 00774336 core:RetainedEarningsAccumulatedLosses 2024-12-31 00774336 core:RetainedEarningsAccumulatedLosses 2023-12-31 00774336 core:ShareCapitalOrdinaryShareClass1 2024-12-31 00774336 core:ShareCapitalOrdinaryShareClass1 2023-12-31 00774336 core:RetainedEarningsAccumulatedLosses 2023-12-31 00774336 core:RetainedEarningsAccumulatedLosses 2022-12-31 00774336 bus:Director3 2024-01-01 2024-12-31 00774336 core:PlantMachinery 2024-01-01 2024-12-31 00774336 2023-01-01 2023-12-31 00774336 core:PlantMachinery 2023-12-31 00774336 core:Non-currentFinancialInstruments 2024-12-31 00774336 core:Non-currentFinancialInstruments 2023-12-31 00774336 core:WithinOneYear 2024-12-31 00774336 core:WithinOneYear 2023-12-31 00774336 core:BetweenTwoFiveYears 2024-12-31 00774336 core:BetweenTwoFiveYears 2023-12-31 00774336 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 00774336 bus:OrdinaryShareClass1 2024-12-31 00774336 bus:OrdinaryShareClass1 2023-12-31 00774336 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00774336 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00774336 bus:FRS102 2024-01-01 2024-12-31 00774336 bus:Audited 2024-01-01 2024-12-31 00774336 bus:Director1 2024-01-01 2024-12-31 00774336 bus:Director2 2024-01-01 2024-12-31 00774336 bus:CompanySecretary1 2024-01-01 2024-12-31 00774336 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP