Filleted
Registration number: 13748805

Harbwr Tenby Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Harbwr Tenby Limited

Company Information

Directors

Mr M Evans Mr R Barnes

Registered office

Barclays Bank Chambers 18 High Street High Street Tenby Pembrokeshire SA70 7HD

Harbwr Tenby Limited

(Registration number: 13748805)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	13,759	19,656
Tangible assets	5	305,010	305,093
Investment property	6	696,231	-
		1,015,000	324,749
Current assets
Stocks	7	8,000	8,000
Debtors	8	760,058	868,312
Cash at bank and in hand		85,861	108,449
		853,919	984,761
Creditors: Amounts falling due within one year	9	(791,433)	(488,378)
Net current assets		62,486	496,383
Total assets less current liabilities		1,077,486	821,132
Provisions for liabilities		(13,319)	(8,618)
Net assets		1,064,167	812,514
Capital and reserves
Called up share capital	10	100	100
Retained earnings		1,064,067	812,414
Shareholders' funds		1,064,167	812,514

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Mr M Evans Director

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Barclays Bank Chambers
18 High Street
High Street
Tenby
Pembrokeshire
SA70 7HD

These financial statements were authorised for issue by the Board on 27 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	30 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 inventories 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2024 - 32).

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	26,205	26,205
At 30 November 2025	26,205	26,205
Amortisation
At 1 December 2024	6,549	6,549
Amortisation charge	5,897	5,897
At 30 November 2025	12,446	12,446
Carrying amount
At 30 November 2025	13,759	13,759
At 30 November 2024	19,656	19,656

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6	Investment properties

	2025 £
Additions	696,231
At 30 November	696,231

There has been no valuation of investment property by an independent valuer.

7

Stocks

	2025 £	2024 £
Other inventories	8,000	8,000

8

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,456	341
Amounts owed by related parties	11	722,265	551,397
Prepayments		8,956	2,409
Other debtors		27,381	314,165
		760,058	868,312

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		54,207	124,260
Taxation and social security		246,811	230,386
Amounts owed to group undertakings and undertakings in which the company has a participating interest		432,021	109,439
Directors' loan accounts		13,148	-
Outstanding defined contribution pension costs		1,901	2,003
Other creditors		43,345	22,290
		791,433	488,378

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	50	50	50	50
A Ordinary Shares of £1 each	45	45	45	45
B Ordinary Shares of £1 each	5	5	5	5
	100	100	100	100

11	Related party transactions

During the year the company gave financial assistance to Cobourg Development Ltd a company controlled by M Evans. The balance due to the company at the balance sheet date was £531,000 (2024 £369,000). This loan is interest free and repayable on demand and has been included under note 9.

During the year the company received financial assistance to Harbour Brewery Limited, a company controlled by the directors. The balance due from the company at the balance sheet date was £198,354 (2024 £5,455). This loan is interest free and repayable on demand and has been included under note 10.

During the year the company gave financial assistance to Harbwr Saundersfoot limited a company controlled by the directors. The balance due to the company at the balance sheet date was £18,436 (2024 £34,564). This loan is interest free and repayable on demand and has been included under note 9.

During the year the company gave financial assistance to Hope and Anchor Limited, a company controlled by M Evans. The balance due from the company at the balance sheet date was £1,440 (2024 £1,440). This loan is interest free and repayable on demand and has been included under note 9.

During the year the company gave financial assistance to Tenby Bookshop (Tenby) Limited, a company controlled by M Evans. The balance due from the company at the balance sheet date was £24,000 (2024 £30,000). This loan is interest free and repayable on demand and has been included under note 9.

During the year the company gave financial assistance to The Buccaneer (Tenby) Limited, a company controlled by M Evans. The balance due from the company at the balance sheet date was £147,265 (2024 £145,502). This loan is interest free and repayable on demand and has been included under note 9.

During the year the company received financial assistance from The Chem Inn (Saundersfoot) Limited, a company controlled by the directors. The balance due from the company at the balance sheet date was £203,667 (2024 £74,875). This loan is interest free and repayable on demand and has been included under note 10.

During the year the company received financial assistance from Buccaneer Sun Inn Limited, a company controlled by the directors. The balance due from the company at the balance sheet date was £124 This loan is interest free and repayable on demand and has been included under note 9.

Harbwr Tenby Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Transactions with directors As at the balance sheet date, the director Mr M Evans was owed £1,113 (2024 £157,854 Dr). The loan is interest free and repayable on demand. As at the balance sheet date, the director Mr M Evans was owed £12,035 (2024 £120,791 Dr). The loan is interest free and repayable on demand.