Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr A Hibbert 25/09/2021 Mr D J Nottingham 28/03/2017 Mrs E Sayer 25/09/2021 05 November 2023 The principal activity of the Company during the year was a holiday letting agent. 10693992 2023-03-31 10693992 bus:Director1 2023-03-31 10693992 bus:Director2 2023-03-31 10693992 bus:Director3 2023-03-31 10693992 core:CurrentFinancialInstruments 2023-03-31 10693992 core:CurrentFinancialInstruments 2022-03-31 10693992 2022-03-31 10693992 core:ShareCapital 2023-03-31 10693992 core:ShareCapital 2022-03-31 10693992 core:RetainedEarningsAccumulatedLosses 2023-03-31 10693992 core:RetainedEarningsAccumulatedLosses 2022-03-31 10693992 bus:OrdinaryShareClass1 2023-03-31 10693992 2022-04-01 2023-03-31 10693992 bus:FullAccounts 2022-04-01 2023-03-31 10693992 bus:SmallEntities 2022-04-01 2023-03-31 10693992 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10693992 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10693992 bus:Director1 2022-04-01 2023-03-31 10693992 bus:Director2 2022-04-01 2023-03-31 10693992 bus:Director3 2022-04-01 2023-03-31 10693992 2021-04-01 2022-03-31 10693992 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10693992 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10693992 (England and Wales)

MAENPORTH COASTAL HOLIDAYS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

MAENPORTH COASTAL HOLIDAYS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

MAENPORTH COASTAL HOLIDAYS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
MAENPORTH COASTAL HOLIDAYS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
2023 2022
£ £
Current assets
Debtors 3 1,440 797
Cash at bank and in hand 70,567 94,302
72,007 95,099
Creditors: amounts falling due within one year 4 ( 46,286) ( 57,058)
Net current assets 25,721 38,041
Total assets less current liabilities 25,721 38,041
Net assets 25,721 38,041
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 25,720 38,040
Total shareholder's funds 25,721 38,041

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Maenporth Coastal Holidays Ltd (registered number: 10693992) were approved and authorised for issue by the Director on 05 November 2023. They were signed on its behalf by:

Mr D J Nottingham
Director
MAENPORTH COASTAL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
MAENPORTH COASTAL HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Maenporth Coastal Holidays Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Maenporth Estate Office Maenporth Estate, Maenporth, Falmouth, TR11 5HN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2023 2022
£ £
Trade debtors 495 0
Other debtors 945 797
1,440 797

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 211 767
Amounts owed to Group undertakings 345 494
Corporation tax 3,678 7,485
Other creditors 42,052 48,312
46,286 57,058

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1