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REGISTERED NUMBER: 11521256 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

COASTAL DEVELOPMENTS TENBY LTD

COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

COASTAL DEVELOPMENTS TENBY LTD

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G R Bassett
W R Crockford





SECRETARY:





REGISTERED OFFICE: Seren-Y-Mor
Haytor Gardens
Tenby
SA70 8HW





REGISTERED NUMBER: 11521256 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,754 12,206

CURRENT ASSETS
Stocks 2,296,490 2,299,118
Debtors 5 130,704 748,644
Cash at bank and in hand 674,424 352,473
3,101,618 3,400,235
CREDITORS
Amounts falling due within one year 6 2,504,781 3,253,256
NET CURRENT ASSETS 596,837 146,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,591

159,185

CREDITORS
Amounts falling due after more than one year 7 18,137 27,487
NET ASSETS 649,454 131,698

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 649,452 131,696
649,454 131,698

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

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

COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)

Balance Sheet - continued
31 August 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 23 October 2023 and were signed on its behalf by:




G R Bassett - Director



W R Crockford - Director


COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Coastal Developments Tenby Ltd 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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

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.

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 1 (2022 - 1 ) .

COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 18,079 - 18,079
Additions 38,045 29,995 68,040
At 31 August 2023 56,124 29,995 86,119
DEPRECIATION
At 1 September 2022 5,873 - 5,873
Charge for year 5,498 3,994 9,492
At 31 August 2023 11,371 3,994 15,365
NET BOOK VALUE
At 31 August 2023 44,753 26,001 70,754
At 31 August 2022 12,206 - 12,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 120,978 -
Other debtors 9,726 748,644
130,704 748,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 8,800 8,250
Trade creditors 130,691 51,289
Taxation and social security 139,239 37,061
Other creditors 2,226,051 3,156,656
2,504,781 3,253,256

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,137 27,487

COASTAL DEVELOPMENTS TENBY LTD (REGISTERED NUMBER: 11521256)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
G R Bassett
Balance outstanding at start of year (1,360,238 ) (1,497,440 )
Amounts advanced 89,736 137,202
Amounts repaid (134,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,405,002 ) (1,360,238 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Coastal Developments Tenby Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coastal Developments Tenby Ltd for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coastal Developments Tenby Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coastal Developments Tenby Ltd and state those matters that we have agreed to state to the Board of Directors of Coastal Developments Tenby Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coastal Developments Tenby Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coastal Developments Tenby Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coastal Developments Tenby Ltd. You consider that Coastal Developments Tenby Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coastal Developments Tenby Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


24 October 2023