IRIS Accounts Production v23.2.0.158 00434338 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004343382022-03-31004343382023-03-31004343382022-04-012023-03-31004343382021-03-31004343382021-04-012022-03-31004343382022-03-3100434338ns10:Originalns15:EnglandWales2022-04-012023-03-3100434338ns14:PoundSterlingns10:Original2022-04-012023-03-3100434338ns10:Originalns10:Director12022-04-012023-03-3100434338ns10:Original2022-04-012023-03-3100434338ns10:Original2023-03-3100434338ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100434338ns10:Originalns10:SmallEntities2022-04-012023-03-3100434338ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100434338ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100434338ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100434338ns10:Originalns10:FullAccounts2022-04-012023-03-3100434338ns10:Originalns10:Director22022-04-012023-03-3100434338ns10:Originalns10:Director32022-04-012023-03-3100434338ns10:Originalns10:Director42022-04-012023-03-3100434338ns10:CompanySecretary1ns10:Original2022-04-012023-03-3100434338ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100434338ns10:Original2022-03-3100434338ns10:Originalns5:CurrentFinancialInstruments2023-03-3100434338ns10:Originalns5:CurrentFinancialInstruments2022-03-3100434338ns10:Originalns5:Non-currentFinancialInstruments2023-03-3100434338ns10:Originalns5:Non-currentFinancialInstruments2022-03-3100434338ns5:ShareCapitalns10:Original2023-03-3100434338ns5:ShareCapitalns10:Original2022-03-3100434338ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3100434338ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-03-3100434338ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3100434338ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3100434338ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100434338ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100434338ns10:Originalns5:LandBuildings2022-04-012023-03-3100434338ns10:Originalns5:PlantMachinery2022-04-012023-03-3100434338ns10:Original2021-04-012022-03-3100434338ns10:Originalns5:LandBuildings2022-03-3100434338ns10:Originalns5:PlantMachinery2022-03-3100434338ns10:Original2022-03-3100434338ns10:Originalns5:LandBuildings2023-03-3100434338ns10:Originalns5:PlantMachinery2023-03-3100434338ns10:Originalns5:LandBuildings2022-03-3100434338ns10:Originalns5:PlantMachinery2022-03-3100434338ns10:Originalns5:AdditionsToInvestments2023-03-3100434338ns10:Originalns5:CostValuation2023-03-3100434338ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100434338ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100434338ns5:Securedns10:Original2023-03-3100434338ns5:Securedns10:Original2022-03-3100434338ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-31
REGISTERED NUMBER: 00434338 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Mill Beach Seaside Resort Limited

Mill Beach Seaside Resort Limited (Registered number: 00434338)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mill Beach Seaside Resort Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: R Kingston
G Pini
Mrs P J Pini
M Kingston





SECRETARY: R Kingston





REGISTERED OFFICE: Goldhanger Road
Heybridge
Maldon
Essex
CM9 4RF





REGISTERED NUMBER: 00434338 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Mill Beach Seaside Resort Limited (Registered number: 00434338)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 508,178 509,857
Investments 5 77,852 -
Investment property 6 356,000 322,000
942,030 831,857

CURRENT ASSETS
Stocks 409,919 126,430
Debtors 7 186,283 79,584
Cash at bank and in hand 634,539 887,602
1,230,741 1,093,616
CREDITORS
Amounts falling due within one year 8 1,174,886 871,512
NET CURRENT ASSETS 55,855 222,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,885

1,053,961

CREDITORS
Amounts falling due after more than one
year

9

-

(32,176

)

PROVISIONS FOR LIABILITIES (104,344 ) (81,284 )
NET ASSETS 893,541 940,501

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Special reserve 3,500 3,500
Fair value reserve 11 214,289 186,749
Retained earnings 674,751 749,251
SHAREHOLDERS' FUNDS 893,541 940,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Mill Beach Seaside Resort Limited (Registered number: 00434338)

Balance Sheet - continued
31 March 2023


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 12 September 2023 and were signed on its behalf by:





M Kingston - Director


Mill Beach Seaside Resort Limited (Registered number: 00434338)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Mill Beach Seaside Resort 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 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost and 15% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


Mill Beach Seaside Resort Limited (Registered number: 00434338)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 486,829 514,335 1,001,164
Additions - 75,498 75,498
At 31 March 2023 486,829 589,833 1,076,662
DEPRECIATION
At 1 April 2022 217,366 273,941 491,307
Charge for year 9,803 67,374 77,177
At 31 March 2023 227,169 341,315 568,484
NET BOOK VALUE
At 31 March 2023 259,660 248,518 508,178
At 31 March 2022 269,463 240,394 509,857

Mill Beach Seaside Resort Limited (Registered number: 00434338)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 77,852
At 31 March 2023 77,852
NET BOOK VALUE
At 31 March 2023 77,852

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 322,000
Revaluations 34,000
At 31 March 2023 356,000
NET BOOK VALUE
At 31 March 2023 356,000
At 31 March 2022 322,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 220,000
Valuation in 2016 10,000
Valuation in 2017 10,000
Valuation in 2018 10,000
Valuation in 2019 10,000
Valuation in 2020 17,000
Valuation in 2021 15,000
Valuation in 2022 30,000
Valuation in 2023 34,000
356,000

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

31.3.23 31.3.22
£    £   
Cost 165,080 165,080

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 101,744 18,841
Other debtors 84,539 60,743
186,283 79,584

Mill Beach Seaside Resort Limited (Registered number: 00434338)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 14,491
Hire purchase contracts 11,149 3,702
Trade creditors 416,237 137,825
Taxation and social security 96,039 93,945
Other creditors 651,461 621,549
1,174,886 871,512

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 21,027
Hire purchase contracts - 11,149
- 32,176

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 35,518

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022 186,749
Transfer 27,540

At 31 March 2023 214,289

12. RELATED PARTY DISCLOSURES

At the year end the directors owed the following amounts to the company.

P Pini £4,054 (2022 £4,454)
G Pini £8,170 (2022 £8,170)
M Kingston £3,875 (2022 £0)

These loans are unsecured, interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is M Kingston.