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REGISTERED NUMBER: 07278903 (England and Wales)
















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: I Bickerstaff





REGISTERED OFFICE: 12a Marlborough Place
Brighton
East Sussex
BN1 1WN





REGISTERED NUMBER: 07278903 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
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 4 851,002 1,255,503
Investments 5 179,065 179,065
1,030,067 1,434,568

CURRENT ASSETS
Debtors 6 100,935 100,935
Cash at bank 1,120,620 128,500
1,221,555 229,435
CREDITORS
Amounts falling due within one
year

7

1,253,356

1,183,973
NET CURRENT LIABILITIES (31,801 ) (954,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,266

480,030

CREDITORS
Amounts falling due after more
than one year

8

37,580

48,026
NET ASSETS 960,686 432,004

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 45,000 45,000
Retained earnings 10 915,684 387,002
SHAREHOLDERS' FUNDS 960,686 432,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 14 November 2023 and were signed by:





I Bickerstaff - Director


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 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 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.

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 977,373 278,130 1,255,503
Disposals (126,621 ) (277,880 ) (404,501 )
At 28 February 2023 850,752 250 851,002
NET BOOK VALUE
At 28 February 2023 850,752 250 851,002
At 28 February 2022 977,373 278,130 1,255,503

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 179,065
NET BOOK VALUE
At 28 February 2023 179,065
At 28 February 2022 179,065

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Newhaven Enterprises Limited
Registered office: 12a Marlborough Place, Brighton, BN1 1WN
Nature of business: Residents property management
%
Class of shares: holding
Ordinary 50.00

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 310 113
Tax 115,896 20,496
VAT 988 1,157
Other creditors 1,133,012 1,133,012
Rent in advance 2,520 2,500
Directors' current accounts - 26,096
Accrued expenses 630 599
1,253,356 1,183,973

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: £    £   
2 Ordinary share 1 2 2

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2022 387,002 45,000 432,002
Profit for the year 528,682 528,682
At 28 February 2023 915,684 45,000 960,684

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.