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Company Registration No. 14263597 (England and Wales)
Cleethorpes Coastal Lettings Ltd Unaudited accounts for the period from 29 July 2022 to 31 July 2023
Cleethorpes Coastal Lettings Ltd Unaudited accounts Contents
Page
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Cleethorpes Coastal Lettings Ltd Company Information for the period from 29 July 2022 to 31 July 2023
Director
Julie Smith
Company Number
14263597 (England and Wales)
Registered Office
Westlands 111 Oxford Street Cleethorpes N E Lincs DN35 0BJ England
Accountants
LRCA Limited McCue House 70 Wilton Road Grimsby N E Lincs DN36 4AW
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Cleethorpes Coastal Lettings Ltd Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
96,829 
Current assets
Debtors
3,806 
Cash at bank and in hand
10,882 
14,688 
Creditors: amounts falling due within one year
(45,699)
Net current liabilities
(31,011)
Total assets less current liabilities
65,818 
Creditors: amounts falling due after more than one year
(65,324)
Provisions for liabilities
Deferred tax
(1,002)
Net liabilities
(508)
Capital and reserves
Called up share capital
170 
Revaluation reserve
362 
Profit and loss account
(1,040)
Shareholders' funds
(508)
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 April 2024 and were signed on its behalf by
Julie Smith Director Company Registration No. 14263597
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Cleethorpes Coastal Lettings Ltd Notes to the Accounts for the period from 29 July 2022 to 31 July 2023
1
Statutory information
Cleethorpes Coastal Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14263597. The registered office is Westlands, 111 Oxford Street, Cleethorpes, N E Lincs, DN35 0BJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Land and buildings are carried at a revalued amount being their fair value at the date of revaluation less depreciation and impairment. Plant and machinery is included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Cleethorpes Coastal Lettings Ltd Notes to the Accounts for the period from 29 July 2022 to 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 29 July 2022
- 
- 
- 
Additions
91,553 
5,635 
97,188 
Revaluations
447 
- 
447 
At 31 July 2023
92,000 
5,635 
97,635 
Depreciation
Charge for the period
- 
806 
806 
At 31 July 2023
- 
806 
806 
Net book value
At 31 July 2023
92,000 
4,829 
96,829 
2023 
£ 
Carrying amount of land and buildings on cost basis
91,553 
Land and Buildings were valued on an open market basis on 31st July 2023 by the director. Valuation was based on the sale of similar properties, in a similar location and condition.
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
1,963 
Accrued income and prepayments
1,843 
3,806 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
1,162 
Loans from directors
40,473 
Accruals
4,064 
45,699 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
65,324 
Aggregate of amounts that fall due for payment after five years
65,324 
Loans are secured against the assets to which they relate.
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Cleethorpes Coastal Lettings Ltd Notes to the Accounts for the period from 29 July 2022 to 31 July 2023
8
Deferred taxation
2023 
£ 
Accelerated capital allowances
917 
Revaluation of land and buildings
85 
1,002 
2023 
£ 
Charged to the profit and loss account
1,002 
Provision at end of period
1,002 
9
Transactions with related parties
At the end of the period the company owed £40,473 to it's director. The loan is repayable on demand and interest free.
10
Average number of employees
During the period the average number of employees was 1.
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