REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2023 |
for |
Quayside (Newhaven) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2023 |
for |
Quayside (Newhaven) Limited |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Quayside (Newhaven) Limited |
Company Information |
for the Year Ended 28 February 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12a Marlborough Place |
BRIGHTON |
East Sussex |
BN1 1WN |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Balance Sheet |
28 February 2023 |
28.2.23 | 28.2.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Balance Sheet - continued |
28 February 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | STATUTORY INFORMATION |
Quayside (Newhaven) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Freehold 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to |
property | property | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 March 2022 |
Disposals | ( |
) | ( |
) | ( |
) |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 28 February 2023 is represented by: |
Improvements |
Freehold | to |
property | property | Totals |
£ | £ | £ |
Valuation in 2015 | 45,000 | - | 45,000 |
Cost | 805,752 | 250 | 806,002 |
850,752 | 250 | 851,002 |
If freehold property had not been revalued it would have been included at the following historical cost: |
28.2.23 | 28.2.22 |
£ | £ |
Cost | 932,373 | 932,373 |
Freehold property was valued on an open market basis on 28 February 2023 by the director . |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 March 2022 |
and 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Registered office: 12a Marlborough Place, Brighton, BN1 1WN |
Nature of business: |
% |
Class of shares: | holding |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Interco - NE Ltd | 100,935 | 100,935 |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Trade creditors |
Tax |
VAT | 988 | 1,157 |
Other creditors |
Rent in advance | 2,520 | 2,500 |
Directors' current accounts | - | 26,096 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bounceback loan | 37,580 | 48,026 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
value: | £ | £ |
Ordinary share | 1 | 2 | 2 |
10. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 March 2022 | 432,002 |
Profit for the year |
At 28 February 2023 | 960,684 |
11. | RELATED PARTY DISCLOSURES |
Included in the financial statements are the following transactions and balances with related parties: |
28.2.23 | 28.2.22 |
£ | £ |
Bickerstaff Fishing Company Limited, a company controlled by the director, I Bickerstaff: |
Creditors: Amounts falling due within one year | 1,113,976 | 1,113,976 |
West Quay Fisheries Limited, a company controlled by the director, I Bickerstaff: |
Creditors: Amounts falling due within one year | 19,036 | 19,036 |
Newhaven Enterprises Ltd, a company controlled by the director, I Bickerstaff, since 4 June 2020: |
Current assets: Debtors | 100,935 | 100,935 |
Quayside (Newhaven) Limited (Registered number: 07278903) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
12. | CONTROLLING PARTY |
The company is controlled by its director, I Bickerstaff, by virtue of his ownership of 100% of the issued share capital. |