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REGISTERED NUMBER: 00001955 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE)

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE)

COMPANY INFORMATION
For The Year Ended 31 March 2017







DIRECTORS: W Shufflebottom
Mrs P J Shufflebottom
J W Norman
Mrs J Norman
Mrs K Thurston
J A W Thurston





SECRETARY: W Shufflebottom





REGISTERED OFFICE: Clarence Pier
Southsea
Hampshire
PO5 3AA





REGISTERED NUMBER: 00001955 (England and Wales)





ACCOUNTANTS: Wilshers
Suite d, 7 Sylvan Court
Sylvan Way
Southfields Business Park
Basildon
Essex
SS15 6TH

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)

BALANCE SHEET
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750,000 750,000
Investments 5 2,110,500 2,110,500
2,860,500 2,860,500

CURRENT ASSETS
Debtors 6 617,690 619,332
Investments 7 153,385 135,676
Cash at bank 89,875 70,881
860,950 825,889
CREDITORS
Amounts falling due within one year 8 39,231 28,081
NET CURRENT ASSETS 821,719 797,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,682,219

3,658,308

PROVISIONS FOR LIABILITIES (3,365 ) -

ACCRUALS AND DEFERRED INCOME (200,000 ) (200,000 )
NET ASSETS 3,478,854 3,458,308

CAPITAL AND RESERVES
Called up share capital 52,880 52,880
Share premium 2,073,120 2,073,120
Revaluation reserve 9 330,116 330,116
Capital reserve 333,161 333,161
General reserve 6,362 6,362
Retained earnings 683,215 662,669
SHAREHOLDERS' FUNDS 3,478,854 3,458,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)

BALANCE SHEET - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 December 2017 and were signed on its behalf
by:





Mrs J Norman - Director


SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017

1. STATUTORY INFORMATION

Southsea Clarence Esplanade Pier Company Limited(The) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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
The company had no turnover during the year. Rent receivable represents the gross rent receivable by the
company during the year.

Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful
lives.

Land, pier deck and buildings Not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 .

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2016
and 31 March 2017 750,000
NET BOOK VALUE
At 31 March 2017 750,000
At 31 March 2016 750,000

The Land, pier deck and buildings are shown at valuation. Net surpluses are credited to revaluation reserves.

The Land, pier deck and buildings were valued at £750,000 on an open market value basis by the directors.

Cost or valuation at 31 March 2017 is represented by:

Land and
buildings
£   
Valuation in 2001 180,116
Valuation in 2009 150,000
Cost 419,884
750,000

If Land, pier deck and buildings had not been revalued they would have been included at the following historical
cost:

31.3.17 31.3.16
£    £   
Cost 419,884 419,884

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2016
and 31 March 2017 2,110,500
NET BOOK VALUE
At 31 March 2017 2,110,500
At 31 March 2016 2,110,500

SOUTHSEA CLARENCE ESPLANADE PIER
COMPANY LIMITED(THE) (REGISTERED NUMBER: 00001955)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

6. DEBTORS
31.3.17 31.3.16
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 42,685 44,328
Sundry debtors and prepayments 5 4
42,690 44,332

Amounts falling due after more than one year:
Amounts owed by group undertakings 575,000 575,000

Aggregate amounts 617,690 619,332

7. CURRENT ASSET INVESTMENTS
31.3.17 31.3.16
£    £   
Listed investments 153,385 135,676

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation 1,439 2,400
Accruals 37,792 25,681
39,231 28,081

9. RESERVES
Revaluation
reserve
£   
At 1 April 2016
and 31 March 2017 330,116