Sheringham Museum Norfolk Trust LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05415828

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,307,496		1,376,845

			1,307,496		1,376,845
CURRENT ASSETS
Debtors	5	9,236		19,426
Cash at bank and in hand		144,491		171,484

		153,727		190,910
Creditors: Amounts Falling Due Within One Year	6	(6,190 )		(6,369 )

NET CURRENT ASSETS (LIABILITIES)			147,537		184,541

TOTAL ASSETS LESS CURRENT LIABILITIES			1,455,033		1,561,386

NET ASSETS			1,455,033		1,561,386

RESERVES
Other reserves			1,119,295		1,119,295
Income and Expenditure Account			335,738		442,091

MEMBERS' FUNDS			1,455,033		1,561,386

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Sheringham Museum Norfolk Trust LTD

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 Income and Expenditure Account.

On behalf of the board

Mr Nicholas Wallace

Director

20/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sheringham Museum Norfolk Trust LTD is a private company, limited by guarantee, incorporated in England & Wales, registered number 05415828 . The registered office is The Mo, Lifeboat Plain, Sheringham, Norfolk, NR26 8BG.

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. 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	15
Leasehold	15
Plant & Machinery	15
Fixtures & Fittings	15

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	1

	1	1

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Sheringham Museum Norfolk Trust LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2025	1,970,721	27,524	1,998,245

As at 31 January 2026	1,970,721	27,524	1,998,245

Depreciation
As at 1 February 2025	598,074	23,326	621,400
Provided during the period	68,632	717	69,349

As at 31 January 2026	666,706	24,043	690,749

Net Book Value
As at 31 January 2026	1,304,015	3,481	1,307,496

As at 1 February 2025	1,372,647	4,198	1,376,845

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	9,236	19,426

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,190	6,156
Other creditors	-	213

	6,190	6,369

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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