Company No: 10867864 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	4		4
Tangible assets	4	1,539,538		1,506,916
		1,539,542		1,506,920
Current assets
Stocks	5	8,000		8,000
Debtors	6	64,598		70,537
Cash at bank and in hand		14,178		101,886
		86,776		180,423
Creditors: amounts falling due within one year	7	( 668,372)		( 778,320)
Net current liabilities		(581,596)		(597,897)
Total assets less current liabilities		957,946		909,023
Creditors: amounts falling due after more than one year	8	( 252,637)		( 267,790)
Provision for liabilities		( 95,594)		( 115,769)
Net assets		609,715		525,464
Capital and reserves
Called-up share capital		1		1
Profit and loss account		609,714		525,463
Total shareholder's funds		609,715		525,464

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Gweek Quay Ltd (registered number: 10867864) were approved and authorised for issue by the Board of Directors on 29 April 2026. They were signed on its behalf by:

Mr M S Beaton Director

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

Gweek Quay Ltd (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 Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

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 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 August 2024	4		4
At 31 July 2025	4		4
Accumulated amortisation
At 01 August 2024	0		0
At 31 July 2025	0		0
Net book value
At 31 July 2025	4		4
At 31 July 2024	4		4

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 August 2024	941,372		984,639		29,776		1,955,787
Additions	66,921		57,174		0		124,095
Disposals	( 202)		0		0		( 202)
At 31 July 2025	1,008,091		1,041,813		29,776		2,079,680
Accumulated depreciation
At 01 August 2024	0		438,614		10,257		448,871
Charge for the financial year	0		88,336		2,935		91,271
At 31 July 2025	0		526,950		13,192		540,142
Net book value
At 31 July 2025	1,008,091		514,863		16,584		1,539,538
At 31 July 2024	941,372		546,025		19,519		1,506,916

5. Stocks

	2025		2024
	£		£
Stocks	8,000		8,000

6. Debtors

	2025		2024
	£		£
Trade debtors	42,986		70,537
Other debtors	21,612		0
	64,598		70,537

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	30,000		30,000
Trade creditors	155,608		127,720
Taxation and social security	82,667		102,051
Obligations under finance leases and hire purchase contracts	28,070		25,889
Other creditors	372,027		492,660
	668,372		778,320

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	5,000		35,000
Obligations under finance leases and hire purchase contracts	33,054		61,123
Other creditors	214,583		171,667
	252,637		267,790

There are no amounts included above in respect of which any security has been given by the small entity.