REGISTERED NUMBER: 02237440 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Oyster Quay Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R W Pennells

C J Queen

C J B Broadbent

J W Collins

A Tetchner

A K Feeney

SECRETARY:

PS & B - (Sussex) Limited

REGISTERED OFFICE:

25 London Road

Portsmouth

PO2 0BQ

REGISTERED NUMBER:

02237440 (England and Wales)

ACCOUNTANTS:

A J Wheeler Limited

338 London Road

Portsmouth

Hampshire

PO2 9JY

FIXED ASSETS

Tangible assets

4

452,203

186,060

CURRENT ASSETS

Debtors

5

46,127

111,423

Cash at bank

170,578

156,270

216,705

267,693

CREDITORS

Amounts falling due within one year

6

45,052

33,655

NET CURRENT ASSETS

171,653

234,038

TOTAL ASSETS LESS CURRENT LIABILITIES

623,856

420,098

CAPITAL AND RESERVES

Called up share capital

166

166

Revaluation reserve

447,000

180,000

Retained earnings

176,690

239,932

623,856

420,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 24 October 2025 and were signed on its behalf by:

C J Queen - Director

1.	STATUTORY INFORMATION

Oyster Quay Management 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

222,154

17,486

6,469

246,109

Additions

-

-

6,500

6,500

Disposals

-

-

(6,469

)

(6,469

)

Revaluations

267,000

-

-

267,000

At 31 March 2025

489,154

17,486

6,500

513,140

DEPRECIATION

At 1 April 2024

36,096

17,485

6,468

60,049

Charge for year

6,057

1

1,300

7,358

Eliminated on disposal

-

-

(6,470

)

(6,470

)

At 31 March 2025

42,153

17,486

1,298

60,937

NET BOOK VALUE

At 31 March 2025

447,001

-

5,202

452,203

At 31 March 2024

186,058

1

1

186,060

Cost or valuation at 31 March 2025 is represented by:

Plant and

Motor

Property

machinery

vehicles

Totals

£

£

£

£

Valuation in 2025

447,000

-

6,500

453,500

Valuation in 2018

42,154

17,486

-

59,640

489,154

17,486

6,500

513,140

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,468

45,057

Other debtors

34,659

66,366

46,127

111,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

45,052

33,655

7.	SOCIALS ANALYSIS

The expenditure for socials related to 2025 period was recorded in the 2024 accounts, as the costs were incurred during the 2024 financial year. However, no corresponding income for Socials was recognised until 2025.

This reflects a timing issue between when the expenses were incurred and when the related income was received.

8.	PROPERTY ASSETS SPLIT

Please note the Property Assets Figure of £ 447,001.00 is made up of the following:

Berths - £247,000.00

Apartment 19 & Car park Bay 198 - £200,000.00

Land - £1.00

9.	BALANCE SHEET RESTATEMENT

When reviewing the balance sheet position of the company it was noted that there were some entries that were irrecoverable or overstatement of previous periods. To deal with this, a prior years' correcting adjustment has been made directly to the retained earnings reserve account. All balance sheet items are now reconciled and are true representations of the business' position.

10.	ADDITIONAL TAXATION INFORMATION

Please note Osyter Quay Management Limited was assessed as dormant for taxation purposes. All revenues are reinvested within oyster quay for the benefit of the shareholders so no taxation is required.

11.	PLANT AND MACHINERY

The asset figure for Plant and Machinery is made up of the Oyster Quay Management Limited gym and leisure equipment. This equipment has been fully depreciated and in 2025 holds a net book value of 0.

12.	MOTOR VEHICLES - MOVEMENT IN YEAR

In this financial year, the previous company owned bradshaw vehicle had been sold. At point of sale, the vehicle had been fully depreciated to a net book value of 0. The profit made on disposal is shown in the detailed profit and loss account. A new company vehicle has been purchased in the year for £6500.00 and depreciated with a figure of £1300.00.