Company registration number 7878328 (England and Wales)
THE BOATHOUSE BROADSTAIRS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THE BOATHOUSE BROADSTAIRS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE BOATHOUSE BROADSTAIRS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
86
115
Current assets
Debtors
4
25,646
36,594
Cash at bank and in hand
34,378
35,206
60,024
71,800
Creditors: amounts falling due within one year
5
(33,486)
(31,185)
Net current assets
26,538
40,615
Total assets less current liabilities
26,624
40,730
Creditors: amounts falling due after more than one year
6
(14,399)
(25,624)
Net assets
12,225
15,106
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
12,125
15,006
Total equity
12,225
15,106
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 July 2024 and are signed on its behalf by:
Ms G Thatcher
Mr PJ Nichols
Director
Director
Company registration number 7878328 (England and Wales)
THE BOATHOUSE BROADSTAIRS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
The Boathouse Broadstairs Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Old Convent Farm House, Reading Street, Broadstairs, Kent, England, CT10 3AX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
THE BOATHOUSE BROADSTAIRS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2023 and 31 March 2024
867
Depreciation and impairment
At 1 April 2023
752
Depreciation charged in the year
29
At 31 March 2024
781
Carrying amount
At 31 March 2024
86
At 31 March 2023
115
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
11,247
10,970
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
14,399
25,624
Total debtors
25,646
36,594
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11,247
10,970
Other creditors
21,675
19,675
Accruals and deferred income
564
540
33,486
31,185
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,399
25,624