IRIS Accounts Production v24.2.0.383 07659445 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076594452022-11-30076594452023-11-30076594452022-12-012023-11-30076594452021-11-30076594452021-12-012022-11-30076594452022-11-3007659445ns15:EnglandWales2022-12-012023-11-3007659445ns14:PoundSterling2022-12-012023-11-3007659445ns10:Director12022-12-012023-11-3007659445ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007659445ns10:SmallEntities2022-12-012023-11-3007659445ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007659445ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007659445ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007659445ns10:FullAccounts2022-12-012023-11-3007659445ns10:Director22022-12-012023-11-3007659445ns10:RegisteredOffice2022-12-012023-11-3007659445ns5:CurrentFinancialInstruments2023-11-3007659445ns5:CurrentFinancialInstruments2022-11-3007659445ns5:ShareCapital2023-11-3007659445ns5:ShareCapital2022-11-3007659445ns5:RetainedEarningsAccumulatedLosses2023-11-3007659445ns5:RetainedEarningsAccumulatedLosses2022-11-3007659445ns5:PlantMachinery2022-11-3007659445ns5:PlantMachinery2022-12-012023-11-3007659445ns5:PlantMachinery2023-11-3007659445ns5:PlantMachinery2022-11-3007659445ns5:CostValuation2022-11-3007659445ns5:AdditionsToInvestments2023-11-3007659445ns5:RevaluationsIncreaseDecreaseInInvestments2023-11-3007659445ns5:CostValuation2023-11-3007659445ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007659445ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007659445ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3007659445ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-30
REGISTERED NUMBER: 07659445 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

West Coast Yachts & Cottages Limited

West Coast Yachts & Cottages Limited (Registered number: 07659445)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Coast Yachts & Cottages Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs S Mills
Mr S C Mills





REGISTERED OFFICE: 17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN





REGISTERED NUMBER: 07659445 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

West Coast Yachts & Cottages Limited (Registered number: 07659445)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 305 359
Investments 6 272,563 228,849
272,868 229,208

CURRENT ASSETS
Debtors 7 119,635 198,395
Cash at bank 275,527 179,116
395,162 377,511
CREDITORS
Amounts falling due within one year 8 (48,643 ) (23,499 )
NET CURRENT ASSETS 346,519 354,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,387

583,220

CAPITAL AND RESERVES
Called up share capital 40 40
Profit and loss account 619,347 583,180
SHAREHOLDERS' FUNDS 619,387 583,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mrs S Mills - Director


West Coast Yachts & Cottages Limited (Registered number: 07659445)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

West Coast Yachts & Cottages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents charter fees receivable on an accruals basis.

Turnover also represents mediation fees receivable and is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

West Coast Yachts & Cottages Limited (Registered number: 07659445)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 807
DEPRECIATION
At 1 December 2022 448
Charge for year 54
At 30 November 2023 502
NET BOOK VALUE
At 30 November 2023 305
At 30 November 2022 359

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 228,849
Additions 49,999
Revaluations (6,573 )
Dividends received 288
At 30 November 2023 272,563
NET BOOK VALUE
At 30 November 2023 272,563
At 30 November 2022 228,849

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2023 272,563

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 77,020 72,395
Other debtors 1,665 126,000
78,685 198,395

Amounts falling due after more than one year:
Other debtors 40,950 -

Aggregate amounts 119,635 198,395

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,762 3,963
Taxation and social security 36,809 17,647
Other creditors 4,072 1,889
48,643 23,499