Company registration number: 07553393
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Walberswick Ferry Company Ltd
Pages for filing with the Registrar
Company registration number: 07553393
Walberswick Ferry Company Ltd
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 158,718 172,096
158,718 172,096
Current assets
Debtors 6 9,687 8,003
Cash at bank and in hand 55,010 42,990
64,697 50,993
Creditors: amounts falling due within one year
7 (10,576) (11,849)
Net current assets 54,121 39,144
Total assets less current liabilities 212,839 211,240
Provisions for liabilities (4,749) (5,853)
NET ASSETS 208,090 205,387
Capital and reserves
Called up share capital 100 100
Profit and loss account 207,990 205,287
TOTAL EQUITY 208,090 205,387
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07553393
Walberswick Ferry Company Ltd
Balance sheet - continued
as at 31 March 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs D Chalker, Director
16 October 2026
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Walberswick Ferry Company Ltd
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Walberswick Ferry Company Ltd is a private company registered in England and Wales. Its registered number is 07553393. The company is limited by shares. Its registered office is Cherry Orchard, Blackheath, Halesworth, Suffolk, IP19 9EH.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
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Walberswick Ferry Company Ltd
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% reducing balance
Other:
Jettys - 5% reducing balance
Equipment - 15% reducing balance
Ferry Boats - 25% reducing balance
Motor vehicles - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 12 (2025 - 11).
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Walberswick Ferry Company Ltd
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Intangible assets
Goodwill
£
Cost
At 1 April 2025 16,500
At 31 March 2026 16,500
Amortisation
At 1 April 2025 16,500
At 31 March 2026 16,500
Net book value
At 31 March 2026 -
At 31 March 2025 -
5 Tangible fixed assets
Land and buildings
Other Totals
£ £ £
Cost
At 1 April 2025 86,030 182,985 269,015
Additions - 408 408
Disposals - (3,156) (3,156)
At 31 March 2026 86,030 180,237 266,267
Depreciation
At 1 April 2025 - 96,919 96,919
Charge for year 1,720 11,645 13,365
Eliminated on disposal - (2,735) (2,735)
At 31 March 2026 1,720 105,829 107,549
Net book value
At 31 March 2026 84,310 74,408 158,718
At 31 March 2025 86,030 86,066 172,096
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Walberswick Ferry Company Ltd
Notes to the financial statements - continued
for the year ended 31 March 2026
6 Debtors
2026 2025
£ £
Directors' loan accounts 2,404 654
Other debtors 1,561 1,368
Prepayments and accrued income 5,722 5,981
9,687 8,003
7 Creditors: amounts falling due within one year
2026 2025
£ £
Trade creditors 137 76
Taxation 8,933 10,423
Accruals and deferred income 1,506 1,350
10,576 11,849
8 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025.
2026 2025
£ £
Mrs D Chalker
Balance outstanding at start of year 654 -
Amounts advanced 3,762 654
Amounts repaid (2,012) -
Balance outstanding at end of year 2,404 654
The loan is unsecured and repayable on demand.
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