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Company No: 13230271 (England and Wales)

# CORNISH HARBOUR COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

CORNISH HARBOUR COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

CORNISH HARBOUR COMPANY LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 June 2025
CORNISH HARBOUR COMPANY LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Investments | 4 | 0 |  | 172,973
|  | 0 |  | 172,973
Current assets |  |  |  |
Cash at bank and in hand |  | 434,229 |  | 171,311
|  | 434,229 |  | 171,311
Creditors: amounts falling due within one year | 5 | ( 199,498) |  | ( 174,973)
Net current assets/(liabilities) |  | 234,731 |  | (3,662)
Total assets less current liabilities |  | 234,731 |  | 169,311
Net assets |  | 234,731 |  | 169,311
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | 234,631 |  | 169,211
Total shareholders' funds |  | 234,731 |  | 169,311

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cornish Harbour Company Limited (registered number: 13230271) were approved and authorised for issue by the Director on 10 March 2026. They were signed on its behalf by:

Kevin Christopher Sloane Hicks Director |

CORNISH HARBOUR COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
CORNISH HARBOUR COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Cornish Harbour Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Saffron Hill, Egloskerry, Launceston, PL15 8RX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Prior year adjustment

Where material misstatements are found in prior year figures, then these figures are restated to show the corrected position as detailed in Note 2.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Prior year adjustment

During the year, it was identified that a bank account balance had previously been incorrectly classified as a director’s loan in the financial statements for the year ended 30 June 2024. This misclassification has been corrected in these financial statements by reclassifying the amount from director’s loan to cash at bank.
The adjustment has been applied retrospectively in accordance with accounting standards and the comparative figures have been restated accordingly.
The effect of this adjustment on the prior year figures is as follows:

|  | As previously reported |  | Adjustment |  | As restated
Year ended 30 June 2024 |  | £ |  | £ |  | £
Amounts owed to Director |  | (1,662) |  | (171,311) |  | (172,973)
Cash at bank |  | 0 |  | 171,311 |  | 171,311

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 July 2024 | 172,973 |  | 172,973
Disposals | ( 172,973) |  | ( 172,973)
At 30 June 2025 | 0 |  | 0
Carrying value at 30 June 2025 | 0 |  | 0
Carrying value at 30 June 2024 | 172,973 |  | 172,973

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 2,700 |  | 0
Amounts owed to director | 172,973 |  | 172,973
Accruals | 3,780 |  | 2,000
Taxation and social security | 20,045 |  | 0
| 199,498 |  | 174,973

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
51 A ordinary shares of £ 1.00 each | 51 |  | 51
25 B ordinary shares of £ 1.00 each | 25 |  | 25
12 C ordinary shares of £ 1.00 each | 12 |  | 12
12 D ordinary shares of £ 1.00 each | 12 |  | 12
| 100 |  | 100

#### 7. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts Owed to the Director | 172,973 |  | 172,973

No Interest has been charged on this balance.

#### 8. Events after the Balance Sheet date

On 23 October 2025, subsequent to the year end, the ownership of the company changed following the sale of 100% of the issued share capital to JSK Property Limited.
This transaction occurred after the balance sheet date and does not affect the amounts recognised in these financial statements for the year ended 30 June 2025.
The directors consider this to be a non-adjusting event under and therefore no adjustments have been made to the figures reported.