Southwold Pier Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14839671

		30 May 2025		30 May 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		400,000		400,000
Tangible Assets	5		2,191,048		2,106,886

			2,591,048		2,506,886
CURRENT ASSETS
Stocks	6	30,000		-
Cash at bank and in hand		296,435		143,990

		326,435		143,990
Creditors: Amounts Falling Due Within One Year	7	(1,982,710 )		(1,506,954 )

NET CURRENT ASSETS (LIABILITIES)			(1,656,275 )		(1,362,964 )

TOTAL ASSETS LESS CURRENT LIABILITIES			934,773		1,143,922

Creditors: Amounts Falling Due After More Than One Year	8		(1,011,406 )		(1,436,815 )

NET LIABILITIES			(76,633 )		(292,893 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(76,635 )		(292,895 )

SHAREHOLDERS' FUNDS			(76,633)		(292,893)

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Southwold Pier Limited

Balance Sheet (continued)

As At 30 May 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Amy Barwick

Director

21/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Southwold Pier Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14839671 . The registered office is 49a Fitzherbert Road Farlington, Portsmouth, Hants, PO6 1RU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Leasehold	0
Plant & Machinery	10%

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 42 (2024: 47)

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Southwold Pier Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 May 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 31 May 2024	399,993	7	400,000

As at 30 May 2025	399,993	7	400,000

Net Book Value
As at 30 May 2025	399,993	7	400,000

As at 31 May 2024	399,993	7	400,000

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 31 May 2024	2,000,000	106,886	2,106,886
Additions	-	84,162	84,162

As at 30 May 2025	2,000,000	191,048	2,191,048

Net Book Value
As at 30 May 2025	2,000,000	191,048	2,191,048

As at 31 May 2024	2,000,000	106,886	2,106,886

6. Stocks

	30 May 2025	30 May 2024
	£	£
Stock	30,000	-

7. Creditors: Amounts Falling Due Within One Year

	30 May 2025	30 May 2024
	£	£
Trade creditors	47,267	44,868
Bank loans and overdrafts	100,000	54,000
Other creditors	1,787,833	1,375,237
Taxation and social security	47,610	32,849

	1,982,710	1,506,954

8. Creditors: Amounts Falling Due After More Than One Year

	30 May 2025	30 May 2024
	£	£
Bank loans	1,011,406	1,436,815

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Southwold Pier Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 May 2025

9. Share Capital

	30 May 2025	30 May 2024
	£	£
Allotted, Called up and fully paid	2	2

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