Accounts

Company Registration Number : 07842881 (England and Wales)

Nauti But Ice Limited

Unaudited filleted financial statements

For the year ended 31 January 2026

Nauti But Ice Limited

Contents

For the year ended 31 January 2026

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 8

Nauti But Ice Limited

Company Information

For the year ended 31 January 2026

Company registration number

07842881 (England and Wales)

Directors

Mr D J Page

Mrs L A Page

Registered office address

Morvah

Shrubberies Hill Porthleven

Helston

Cornwall

TR13 9BJ

Trading office address

Commercial Road

Porthleven

Helston

Cornwall

TR13 9JD

Accountant

DNS Accountants (Pinksalt) Ltd

40 Coinagehall Street

Helston

Cornwall

TR13 8EQ

Nauti But Ice Limited

Statement of Financial Position

For the year ended 31 January 2026

		2026	2025
	Notes	£	£
Fixed assets
Intangible assets		181,392	235,849
Property, plant and equipment		69,270	77,642
		250,663	313,491

Current assets
Inventories	6	2,500	2,500
Debtors	7	62,561	53,472
Cash and cash equivalents		782,518	707,918
		847,579	763,889

Current liabilities
Creditors: Amounts falling due within one year	8	(59,465)	(103,628)
Corporation tax payable		(56,691)	(37,603)
		(116,155)	(141,231)

Net current assets/(liabilities)		731,424	622,658
Total assets less current liabilities		982,087	936,149

Non-current liabilities
Provisions for liabilities	9	(15,000)	(16,500)
Net assets/(liabilities)		967,087	919,649

Capital and reserves
Called up share capital	10	100	100
Retained earnings		966,987	919,549
Shareholder's funds		967,087	919,649


For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 27 October 2026

.............................
Mr D J Page (Director)
Company registration number: 07842881

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2026-01-31 31 January 2026

	2026	2025
	£	£


Fixed Assets	250,663	313,491


Current Assets	832,535	751,989
Cash in Hand/Bank	774,933	704,037

Prepayments and accrued income	15,044	11,900

Creditors: amounts falling due within one year	(116,155)	(141,231)

Net current assets/(liabilities)	731,424	622,658

Total assets less current liabilities	982,087	936,149

Provisions for liabilities	(15,000)	(16,500)

Net Assets/(liabilities)	967,087	919,649



Capital and Reserves	967,087	919,649
Called up share capital	100	100
Profit and loss account	966,987	919,549
SHAREHOLDER'S FUND	967,087	919,649

For the year ending 31-01-2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 27 October 2026 and signed on behalf of the board,



.............................

Mr D J Page
Director

Company registration number: 07842881

Nauti But Ice Limited

Notes to the Financial Statements

For the year ended 31 January 2026

(1) General Information

The company is a private company limited by shares and is registered in England and Wales. Registration number 07842881. The address of the registered office is Morvah, Shrubberies Hill, Porthleven, Helston, Cornwall, TR13 9BJ.

(2) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation and functional currency of the company is the pound sterling. The financial statements are presented in sterling pound (£) unless stated otherwise.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

Other income includes grants receivable. These are differentiated as either revenue or capital in nature. Revenue grants are recognised when receivable to match the corresponding expenditure. Local Government grants are treated as deferred credits and credited to the profit and loss account over the remaining period of the lease where they relate to leasehold property improvements.

Interest income

Interest income is recognised using the effective interest method.

Intangible fixed assets

Positive purchased goodwill arising on acquisition is capitalised, classified as an asset on the balance sheet and amortised
over its estimated useful life up to a maximum of 20 years. The length of time is presumed to be the maximum useful life of
purchased goodwill because it is difficult to make projections beyond this period. Goodwill was reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Tangible Fixed Assets and Depreciation

At each reporting date the company reviews the carrying value of its 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. Where the recoverable amount of an asset is less than the carrying amount, an impairment loss is recognised immediately in the Profit and Loss Account. Impairment losses are reversed in a subsequent period if, and only if, the reasons for the impairment loss have ceased to apply.

Depreciation over the period of the lease is applied to Leasehold property and improvements.

Asset class and depreciation rate
Land and Buildings
Plant and Machinery	20% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings	20% reducing balance
Equipment	25% reducing balance
Motor Cars

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pensions

The company operates two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

(3) Employees

During the year, the average number of employees including director was 26 (2025 : 27).

(4) Intangible fixed assets

	Goodwill
	£
Cost
As at 01 February 2025	725,766
As at 31 January 2026	725,766
Amortisation
As at 01 February 2025	489,917
For the year	54,457
As at 31 January 2026	544,374
Net book value
As at 31 January 2026	181,392
As at 31 January 2025	235,849

(5) Tangible fixed assets

	Leasehold Properties	Plant and Machinery	Fixtures and Fittings	Equipment	Totals
	£	£	£	£	£
Cost
As at 01 February 2025	66,515	106,803	91,009	6,558	270,885
Additions	-	8,690	1,250	774	10,714
Disposals	-	(2,643)	(5,008)	(1,002)	(8,653)
As at 31 January 2026	66,515	112,850	87,251	6,330	272,946
Depreciation
As at 01 February 2025	51,759	69,178	68,423	3,883	193,243
For the year	2,654	8,574	4,606	787	16,621
Write off on disposals	-	(1,255)	(4,206)	(728)	(6,189)
As at 31 January 2026	54,413	76,497	68,823	3,942	203,675
Net book value
As at 31 January 2026	12,103	36,354	18,427	2,387	69,271
As at 31 January 2025	14,756	37,625	22,586	2,675	77,642

(6) Inventories



	2026	2025
	£	£

Stock	2,500	2,500

	2,500	2,500

(7) Debtors

Amounts falling due within one year



	2026	2025
	£	£

Trade debtors	5,767	2,602
Other debtors	41,750	38,970
Prepayments and accrued income	15,044	11,900
	62,561	53,472

(8) Creditors: Amounts falling due within one year



	2026	2025
	£	£

Trade creditors	27,580	38,969


Other taxes and social security	1,823	33,471
Other creditors	26,127	25,076
Accruals and deferred income	3,934	6,113
	59,464	103,629

(9) Provision for liabilities

The provision below relates to Deferred Tax Accelerated Capital Allowances.

	2026	2025
	£	£

Other provisions	15,000	16,500

	15,000	16,500

(10) Share capital and reserves


Alloted, called up and fully paid:	2026	2025
	£	£

100 (2025 : 100) Ordinary of £ 1 each	100	100
	100	100



Retained earnings		2026
		£
At 1 February 2025		919,549
Profit of the year		127,437
Dividends paid		(80,000)
At 31 January 2026		966,986

Retained earnings

Called up and fully paid:
Retained earnings			2026
			£

At 1 February 2025			919,549
Profit of the year			127,437
Dividends paid			(80,000)
At 31 January 2026			966,986

(11) Other Commitment

At 31 January 2026, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £709,708 (2025 : £147,426).

(12) Related party transactions

During the year, remuneration amounting to £18,192 (2025 : £18,192) was paid to the directors, Mr D J and Mrs L A Page.

During the year, dividends amounting to £80,000 (2025 : £60,000) were paid to the directors, Mr D J and Mrs L A Page.

(13) Directors advances, credit and guarantees

Included within other debtors are the following loans advanced to directors:
Mr David Page £8,948 (2025: £15,488)
Mrs Lucy Page £8,948 (2025: £15,488)
Repayments of £6,540 were received from each director and interest has been charged on the loans at the official rate.

(14) Goodwill

Goodwill was initially purchased in connection with the acquisition of a business in 2012. Further goodwill was purchased on 7 January 2019 in connection with the acquisition of the business known as Lakeside Cafe.