2023-01-012023-12-312023-12-31false13393378The Point at Polzeath Limited2024-07-3193110iso4217:GBPxbrli:pure133933782023-01-01133933782023-12-31133933782023-01-012023-12-31133933782022-01-01133933782022-12-31133933782022-01-012022-12-3113393378bus:SmallEntities2023-01-012023-12-3113393378bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113393378bus:FullAccounts2023-01-012023-12-3113393378bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113393378core:WithinOneYear2023-12-3113393378core:AfterOneYear2023-12-3113393378core:WithinOneYear2022-12-3113393378core:AfterOneYear2022-12-3113393378core:ShareCapital2023-12-3113393378core:SharePremium2023-12-3113393378core:RevaluationReserve2023-12-3113393378core:OtherReservesSubtotal2023-12-3113393378core:RetainedEarningsAccumulatedLosses2023-12-3113393378core:ShareCapital2022-12-3113393378core:SharePremium2022-12-3113393378core:RevaluationReserve2022-12-3113393378core:OtherReservesSubtotal2022-12-3113393378core:RetainedEarningsAccumulatedLosses2022-12-3113393378core:LandBuildings2023-12-3113393378core:PlantMachinery2023-12-3113393378core:Vehicles2023-12-3113393378core:FurnitureFittings2023-12-3113393378core:OfficeEquipment2023-12-3113393378core:NetGoodwill2023-12-3113393378core:IntangibleAssetsOtherThanGoodwill2023-12-3113393378core:ListedExchangeTraded2023-12-3113393378core:UnlistedNon-exchangeTraded2023-12-3113393378core:LandBuildings2022-12-3113393378core:PlantMachinery2022-12-3113393378core:Vehicles2022-12-3113393378core:FurnitureFittings2022-12-3113393378core:OfficeEquipment2022-12-3113393378core:NetGoodwill2022-12-3113393378core:IntangibleAssetsOtherThanGoodwill2022-12-3113393378core:ListedExchangeTraded2022-12-3113393378core:UnlistedNon-exchangeTraded2022-12-3113393378core:LandBuildings2023-01-012023-12-3113393378core:PlantMachinery2023-01-012023-12-3113393378core:Vehicles2023-01-012023-12-3113393378core:FurnitureFittings2023-01-012023-12-3113393378core:OfficeEquipment2023-01-012023-12-3113393378core:NetGoodwill2023-01-012023-12-3113393378core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113393378core:ListedExchangeTraded2023-01-012023-12-3113393378core:UnlistedNon-exchangeTraded2023-01-012023-12-3113393378core:MoreThanFiveYears2023-01-012023-12-3113393378core:Non-currentFinancialInstruments2023-12-3113393378core:Non-currentFinancialInstruments2022-12-3113393378dpl:CostSales2023-01-012023-12-3113393378dpl:DistributionCosts2023-01-012023-12-3113393378core:LandBuildings2023-01-012023-12-3113393378core:PlantMachinery2023-01-012023-12-3113393378core:Vehicles2023-01-012023-12-3113393378core:FurnitureFittings2023-01-012023-12-3113393378core:OfficeEquipment2023-01-012023-12-3113393378dpl:AdministrativeExpenses2023-01-012023-12-3113393378core:NetGoodwill2023-01-012023-12-3113393378core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113393378dpl:GroupUndertakings2023-01-012023-12-3113393378dpl:ParticipatingInterests2023-01-012023-12-3113393378dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113393378core:ListedExchangeTraded2023-01-012023-12-3113393378dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113393378core:UnlistedNon-exchangeTraded2023-01-012023-12-3113393378dpl:CostSales2022-01-012022-12-3113393378dpl:DistributionCosts2022-01-012022-12-3113393378core:LandBuildings2022-01-012022-12-3113393378core:PlantMachinery2022-01-012022-12-3113393378core:Vehicles2022-01-012022-12-3113393378core:FurnitureFittings2022-01-012022-12-3113393378core:OfficeEquipment2022-01-012022-12-3113393378dpl:AdministrativeExpenses2022-01-012022-12-3113393378core:NetGoodwill2022-01-012022-12-3113393378core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113393378dpl:GroupUndertakings2022-01-012022-12-3113393378dpl:ParticipatingInterests2022-01-012022-12-3113393378dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113393378core:ListedExchangeTraded2022-01-012022-12-3113393378dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113393378core:UnlistedNon-exchangeTraded2022-01-012022-12-3113393378core:NetGoodwill2023-12-3113393378core:IntangibleAssetsOtherThanGoodwill2023-12-3113393378core:LandBuildings2023-12-3113393378core:PlantMachinery2023-12-3113393378core:Vehicles2023-12-3113393378core:FurnitureFittings2023-12-3113393378core:OfficeEquipment2023-12-3113393378core:AfterOneYear2023-12-3113393378core:WithinOneYear2023-12-3113393378core:ListedExchangeTraded2023-12-3113393378core:UnlistedNon-exchangeTraded2023-12-3113393378core:ShareCapital2023-12-3113393378core:SharePremium2023-12-3113393378core:RevaluationReserve2023-12-3113393378core:OtherReservesSubtotal2023-12-3113393378core:RetainedEarningsAccumulatedLosses2023-12-3113393378core:NetGoodwill2022-12-3113393378core:IntangibleAssetsOtherThanGoodwill2022-12-3113393378core:LandBuildings2022-12-3113393378core:PlantMachinery2022-12-3113393378core:Vehicles2022-12-3113393378core:FurnitureFittings2022-12-3113393378core:OfficeEquipment2022-12-3113393378core:AfterOneYear2022-12-3113393378core:WithinOneYear2022-12-3113393378core:ListedExchangeTraded2022-12-3113393378core:UnlistedNon-exchangeTraded2022-12-3113393378core:ShareCapital2022-12-3113393378core:SharePremium2022-12-3113393378core:RevaluationReserve2022-12-3113393378core:OtherReservesSubtotal2022-12-3113393378core:RetainedEarningsAccumulatedLosses2022-12-3113393378core:NetGoodwill2022-01-0113393378core:IntangibleAssetsOtherThanGoodwill2022-01-0113393378core:LandBuildings2022-01-0113393378core:PlantMachinery2022-01-0113393378core:Vehicles2022-01-0113393378core:FurnitureFittings2022-01-0113393378core:OfficeEquipment2022-01-0113393378core:AfterOneYear2022-01-0113393378core:WithinOneYear2022-01-0113393378core:ListedExchangeTraded2022-01-0113393378core:UnlistedNon-exchangeTraded2022-01-0113393378core:ShareCapital2022-01-0113393378core:SharePremium2022-01-0113393378core:RevaluationReserve2022-01-0113393378core:OtherReservesSubtotal2022-01-0113393378core:RetainedEarningsAccumulatedLosses2022-01-0113393378core:AfterOneYear2023-01-012023-12-3113393378core:WithinOneYear2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3113393378core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113393378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113393378core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3113393378core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3113393378core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3113393378bus:Director12023-01-012023-12-3113393378bus:Director22023-01-012023-12-3113393378bus:Director32023-01-012023-12-3113393378bus:Director42023-01-012023-12-3113393378bus:Director52023-01-012023-12-3113393378core:FurnitureFittingsToolsEquipment2022-12-3113393378core:FurnitureFittingsToolsEquipment2023-01-012023-12-3113393378core:FurnitureFittingsToolsEquipment2023-12-31

The Point at Polzeath Limited

Registered Number
13393378
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

The Point at Polzeath Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Mr R D T Clive
Mrs E E R Davies
Mr J J Davies
Mr M G A Kershaw
Mr T M O'Donnell

Company Secretary

SPEAFI Secretarial Limited

Registered Address

1 London Street
Reading
RG1 4PN

Registered Number

13393378 (England and Wales)
The Point at Polzeath Limited
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3267,563299,591
267,563299,591
Current assets
Stocks454,20054,500
Debtors73,20982,481
Cash at bank and on hand437,852497,814
565,261634,795
Creditors amounts falling due within one year5(1,086,598)(969,196)
Net current assets (liabilities)(521,337)(334,401)
Total assets less current liabilities(253,774)(34,810)
Creditors amounts falling due after one year6(35,779)(57,506)
Net assets(289,553)(92,316)
Capital and reserves
Called up share capital11
Profit and loss account(289,554)(92,317)
Shareholders' funds(289,553)(92,316)
The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2024, and are signed on its behalf by:
Mr J J Davies
Director
Registered Company No. 13393378
The Point at Polzeath Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year4345
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 234,911326,39125,34618,049374,697
Additions-23,28433211,98135,597
At 31 December 234,911349,67525,67830,030410,294
Depreciation and impairment
At 01 January 2324565,2805,0694,51275,106
Charge for year24556,8784,1236,37967,625
At 31 December 23490122,1589,19210,891142,731
Net book value
At 31 December 234,421227,51716,48619,139267,563
At 31 December 224,666261,11120,27713,537299,591
4.Stocks

2023

2022

££
Other stocks54,20054,500
Total54,20054,500
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables67,00284,701
Bank borrowings and overdrafts581-
Taxation and social security42,91327,386
Finance lease and HP contracts14,02512,615
Other creditors946,756818,641
Accrued liabilities and deferred income15,32125,853
Total1,086,598969,196
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors35,77957,506
Total35,77957,506