Company registration number 01327812 (England and Wales)
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
COMPANY INFORMATION
Directors
J H Flower
Mr K A Lawrenson
(Appointed 28 January 2026)
Mr I Taylor
(Appointed 28 January 2026)
Company number
01327812
Registered office
7 Three Rivers Business Park
Felixstowe Road
Foxhall
Ipswich
IP10 0BF
Auditor
BG Audit LLP
Statutory Auditors
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
Business address
The Chapel
Maybush Lane
FELIXSTOWE
IP11 7LL
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
31 March
31 March
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
185
474
Investments
5
21
21
206
495
Current assets
Debtors
6
29,077
29,466
Cash at bank and in hand
64,282
66,735
93,359
96,201
Creditors: amounts falling due within one year
7
(37,195)
(42,059)
Net current assets
56,164
54,142
Total assets less current liabilities
56,370
54,637
Reserves
Capital redemption reserve
120
120
Income and expenditure account
56,250
54,517
Members' funds
56,370
54,637

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

These financial statements have been prepared and delivered 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 24 June 2026 and are signed on its behalf by:
J H Flower
Director
Company Registration No. 01327812
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Felixstowe Port Users' Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Three Rivers Business Park, Felixstowe Road, Foxhall, Ipswich, IP10 0BF. The business address is The Chapel, Maybush Lane, Felixstowe IP11 7LL. The company registration number is 01327812.

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. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Fixtures and fittings
15% reducing balance
Website
33% reducing balance

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 surplus or deficit.

1.4
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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Cash at bank and in hand

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 current liabilities.

1.7
Taxation

Current tax represents the amount of tax payable or receivable in respect of investment income for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

1.8

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.

1.9

Creditors

Short term creditors are measured at 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.

3
Employees

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

2026
2025
Number
Number
Total
0
0
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
4
Tangible fixed assets
Plant and machinery etc
Website
Total
£
£
£
Cost
At 1 April 2025
3,193
5,388
8,581
Disposals
(3,076)
-
0
(3,076)
At 31 March 2026
117
5,388
5,505
Depreciation and impairment
At 1 April 2025
2,847
5,260
8,107
Depreciation charged in the Year
52
42
94
Eliminated in respect of disposals
(2,881)
-
0
(2,881)
At 31 March 2026
18
5,302
5,320
Carrying amount
At 31 March 2026
99
86
185
At 31 March 2025
346
128
474
5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
21
21
Fixed asset investments not carried at market value
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Service charges due
25,493
22,930
Other debtors
-
0
144
Prepayments and accrued income
3,584
6,392
29,077
29,466
FELIXSTOWE PORT USERS' ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
-
0
3,364
Corporation tax
129
136
Accruals and deferred income
37,066
38,559
37,195
42,059
8
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

9
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:

The senior statutory auditor was Jonathan Oakley FCA.
The auditor was BG Audit LLP.
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 an auditor's report 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.
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