REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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FOR |
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) |
SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) |
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COMPANY INFORMATION |
For The Year Ended 31 March 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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900, Cornwallis House |
Howard Chase |
Basildon |
Essex |
SS14 3BB |
SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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BALANCE SHEET |
31 March 2022 |
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31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Revaluation reserve | 9 |
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Capital reserve |
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General reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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BALANCE SHEET - continued |
31 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Southsea Clarence Esplanade Pier Company Limited (The) is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
The company had no turnover during the year. Rent receivable represents the gross rent receivable by the company during the year. |
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Depreciation |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Land, pier deck and buildings Not provided |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2022 |
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4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 April 2021 |
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Revaluations |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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Included in cost or valuation of land and buildings is freehold land of £ 1,250,000 (2021 - £ 750,000 ) which is not depreciated. |
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The Land, pier deck and buildings are shown at valuation. Net surpluses are credited to revaluation reserves. |
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The Land, pier deck and buildings were valued at £1,250,000 on an open market value basis. |
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Cost or valuation at 31 March 2022 is represented by: |
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Land and |
buildings |
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Valuation in 2001 | 180,116 |
Valuation in 2009 | 150,000 |
Valuation in 2022 | 500,000 |
Cost | 419,884 |
1,250,000 |
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If Land, pier deck and buildings had not been revalued they would have been included at the following historical cost: |
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31.3.22 | 31.3.21 |
£ | £ |
Cost | 419,884 | 419,884 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2021 |
and 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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SOUTHSEA CLARENCE ESPLANADE |
PIER COMPANY LIMITED (THE) (REGISTERED NUMBER: 00001955) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2022 |
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6. | DEBTORS |
31.3.22 | 31.3.21 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Sundry debtors and prepayments |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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7. | CURRENT ASSET INVESTMENTS |
31.3.22 | 31.3.21 |
£ | £ |
Listed investments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Directors' loans |
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Taxation |
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Social security and other taxes |
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Accruals |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2021 |
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Revaluations | 500,000 |
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At 31 March 2022 |
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