Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mrs A J Moore 21/10/2013 Mr P W Moore 21/10/2013 30 July 2024 The principal activity of the Company during the financial year was that of the provision of forest and beach education. 08740637 2023-10-31 08740637 bus:Director1 2023-10-31 08740637 bus:Director2 2023-10-31 08740637 2022-10-31 08740637 core:CurrentFinancialInstruments 2023-10-31 08740637 core:CurrentFinancialInstruments 2022-10-31 08740637 core:Non-currentFinancialInstruments 2023-10-31 08740637 core:Non-currentFinancialInstruments 2022-10-31 08740637 core:ShareCapital 2023-10-31 08740637 core:ShareCapital 2022-10-31 08740637 core:RetainedEarningsAccumulatedLosses 2023-10-31 08740637 core:RetainedEarningsAccumulatedLosses 2022-10-31 08740637 core:Goodwill 2022-10-31 08740637 core:Goodwill 2023-10-31 08740637 core:LandBuildings 2022-10-31 08740637 core:PlantMachinery 2022-10-31 08740637 core:Vehicles 2022-10-31 08740637 core:FurnitureFittings 2022-10-31 08740637 core:ComputerEquipment 2022-10-31 08740637 core:LandBuildings 2023-10-31 08740637 core:PlantMachinery 2023-10-31 08740637 core:Vehicles 2023-10-31 08740637 core:FurnitureFittings 2023-10-31 08740637 core:ComputerEquipment 2023-10-31 08740637 bus:OrdinaryShareClass1 2023-10-31 08740637 bus:OrdinaryShareClass2 2023-10-31 08740637 2022-11-01 2023-10-31 08740637 bus:FilletedAccounts 2022-11-01 2023-10-31 08740637 bus:SmallEntities 2022-11-01 2023-10-31 08740637 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08740637 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08740637 bus:Director1 2022-11-01 2023-10-31 08740637 bus:Director2 2022-11-01 2023-10-31 08740637 core:Goodwill core:TopRangeValue 2022-11-01 2023-10-31 08740637 core:PlantMachinery core:TopRangeValue 2022-11-01 2023-10-31 08740637 core:Vehicles core:TopRangeValue 2022-11-01 2023-10-31 08740637 core:FurnitureFittings core:TopRangeValue 2022-11-01 2023-10-31 08740637 core:ComputerEquipment core:TopRangeValue 2022-11-01 2023-10-31 08740637 2021-11-01 2022-10-31 08740637 core:LandBuildings 2022-11-01 2023-10-31 08740637 core:PlantMachinery 2022-11-01 2023-10-31 08740637 core:Vehicles 2022-11-01 2023-10-31 08740637 core:FurnitureFittings 2022-11-01 2023-10-31 08740637 core:ComputerEquipment 2022-11-01 2023-10-31 08740637 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08740637 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 08740637 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 08740637 bus:OrdinaryShareClass2 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08740637 (England and Wales)

FOREST AND BEACH LIMITED

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

FOREST AND BEACH LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

FOREST AND BEACH LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
FOREST AND BEACH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mrs A J Moore
Mr P W Moore
REGISTERED OFFICE Forest And Beach
Beeson
Kingsbridge
TQ7 2ED
England
United Kingdom
BUSINESS ADDRESS Forest and Beach Centre
Beeson
Kingsbridge
Devon
TQ7 2ED
COMPANY NUMBER 08740637 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
FOREST AND BEACH LIMITED

BALANCE SHEET

As at 31 October 2023
FOREST AND BEACH LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 334,313 317,732
334,313 317,732
Current assets
Debtors 5 7,412 4,854
Cash at bank and in hand 9,638 23,163
17,050 28,017
Creditors: amounts falling due within one year 6 ( 258,671) ( 277,379)
Net current liabilities (241,621) (249,362)
Total assets less current liabilities 92,692 68,370
Creditors: amounts falling due after more than one year 7 ( 15,856) ( 19,083)
Provision for liabilities 8 ( 7,421) ( 3,664)
Net assets 69,415 45,623
Capital and reserves
Called-up share capital 9 20 20
Profit and loss account 69,395 45,603
Total shareholders' funds 69,415 45,623

For the financial year ending 31 October 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 Forest and Beach Limited (registered number: 08740637) were approved and authorised for issue by the Board of Directors on 30 July 2024. They were signed on its behalf by:

Mr P W Moore
Director
Mrs A J Moore
Director
FOREST AND BEACH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
FOREST AND BEACH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Forest and Beach Limited (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 Forest And Beach, Beeson, Kingsbridge, TQ7 2ED, England, United Kingdom. The principal place of business is Forest and Beach Centre, Beeson, Kingsbridge, Devon, TQ7 2ED.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Balance Sheet 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of refunds and value added tax.

The company recognises revenue when the value of services provided to date can be reliably measured.

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 Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 2 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 4 years straight line
Vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

The company holds the following financial instruments:

•Short term trade and other debtors and creditors;
•Bank loans; and
•Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2022 5,000 5,000
At 31 October 2023 5,000 5,000
Accumulated amortisation
At 01 November 2022 5,000 5,000
At 31 October 2023 5,000 5,000
Net book value
At 31 October 2023 0 0
At 31 October 2022 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 November 2022 298,447 20,089 14,787 13,514 8,853 355,690
Additions 18,932 1,649 0 539 1,248 22,368
At 31 October 2023 317,379 21,738 14,787 14,053 10,101 378,058
Accumulated depreciation
At 01 November 2022 0 19,824 0 12,733 5,401 37,958
Charge for the financial year 0 276 3,697 172 1,642 5,787
At 31 October 2023 0 20,100 3,697 12,905 7,043 43,745
Net book value
At 31 October 2023 317,379 1,638 11,090 1,148 3,058 334,313
At 31 October 2022 298,447 265 14,787 781 3,452 317,732

5. Debtors

2023 2022
£ £
Trade debtors 2,400 4,854
Other debtors 5,012 0
7,412 4,854

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 1,857 998
Other creditors 256,814 276,381
258,671 277,379

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,856 19,083

8. Provision for liabilities

2023 2022
£ £
Deferred tax 7,421 3,664

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 10.00 10 10
1 Ordinary B share of £ 10.00 10 10
20 20