REGISTERED NUMBER: 04131218 (England and Wales)

BURTON WATERS MARINA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

M P Cox

A J Cox

Mrs M J Cox

SECRETARY:

Mrs M J Cox

REGISTERED OFFICE:

Burton Waters Marina Limited

Burton Lane End

Burton Waters

Lincoln

Lincolnshire

LN1 2WN

REGISTERED NUMBER:

04131218 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

1,062,364

1,163,140

CURRENT ASSETS

Stocks

3,657,763

2,440,836

Debtors

5

1,405,238

296,486

Cash at bank and in hand

257,884

345,794

5,320,885

3,083,116

CREDITORS

Amounts falling due within one year

6

4,619,843

2,119,844

NET CURRENT ASSETS

701,042

963,272

TOTAL ASSETS LESS CURRENT LIABILITIES

1,763,406

2,126,412

CREDITORS

Amounts falling due after more than one year

7

(265,108

)

(407,399

)

PROVISIONS FOR LIABILITIES

(201,869

)

(260,751

)

NET ASSETS

1,296,429

1,458,262

CAPITAL AND RESERVES

Called up share capital

10

850

1,000

Revaluation reserve

536,360

584,711

Fair value reserve

150

-

Retained earnings

759,069

872,551

SHAREHOLDERS' FUNDS

1,296,429

1,458,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

A J Cox - Director

1.	STATUTORY INFORMATION

Burton Waters Marina Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of the consideration received or receivable for the provision of boat repairs and the retail of boats, chandlery and brokerage arrangements, net of discounts and sale taxes. Turnover is recognised when it is probable that the economic benefits associated with a transaction will flow to the company and the amount of turnover and associated costs can be measured reliably.

Commissions receivable from boat transactions are included in other operating income when the associated boat transactions have been completed.

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

-

2% on cost

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Long leasehold property was valued at £950,000 on 14 January 2014. The valuation was undertaken by Christie & Co, a RICS registered valuer, on an open market basis. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to retained earnings.

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first in first out basis. Provision is made for damaged, obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 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.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the financial reporting date are translated using the closing rate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element if the future payments is treated as a liability.

Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate.

Revaluation reserve

The aggregate surplus on re-measurement of long leasehold property , net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2025 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

1,067,824

634,027

1,701,851

Additions

19,108

26,531

45,639

Disposals

-

(53,995

)

(53,995

)

At 31 January 2026

1,086,932

606,563

1,693,495

DEPRECIATION

At 1 February 2025

197,454

341,257

538,711

Charge for year

11,353

54,571

65,924

Eliminated on disposal

-

(29,950

)

(29,950

)

Revaluation adjustments

56,446

-

56,446

At 31 January 2026

265,253

365,878

631,131

NET BOOK VALUE

At 31 January 2026

821,679

240,685

1,062,364

At 31 January 2025

870,370

292,770

1,163,140

Cost or valuation at 31 January 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

861,391

-

861,391

Cost

244,971

606,563

851,534

1,106,362

606,563

1,712,925

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

SHORT LEASEHOLD

'COST' ACCOUNT TOTAL

Cost/valuation b/f

117,824

Additions

19,108

136,932

CLIENT SCREEN TOTAL

=

156,362

If long leasehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

88,609

88,609

Aggregate depreciation

33,469

33,469

Value of land in freehold land and buildings

55,140

55,140

Long leasehold property was valued on an open market basis on 14 January 2014 by Christie & Co .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,281,662

67,077

Other debtors

123,576

229,409

1,405,238

296,486

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

909,031

17,023

Hire purchase contracts (see note 8)

5,171

15,692

Trade creditors

501,924

192,963

Taxation and social security

159,568

297,084

Other creditors

3,044,149

1,597,082

4,619,843

2,119,844

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

235,416

302,421

Hire purchase contracts (see note 8)

9,050

75,569

Other creditors

20,642

29,409

265,108

407,399

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

158,679

226,814

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

5,171

15,692

Between one and five years

9,050

75,569

14,221

91,261

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

890,949

-

Bank loans

253,498

319,444

Hire purchase contracts

14,221

91,261

1,158,668

410,705

The bank overdrafts are secured by a debenture and a first charge on the leasehold property and by personal guarantees given by Mr M P Cox, Mr A J Cox and Mr A J Haigh.

The hire purchase liability is secured on the related asset.

The stocking plan advances are secured on the related stock boat assets.

Market rates of interest are payable on the debt instruments.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

500

Ordinary

£1

500

500

350

A Ordinary

£1

350

350

150

B Ordinary

£1

-

150

850

1,000

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £2,221,437 (2025: £2,319,595).