Surfcare Ltd Filleted Accounts Cover
Surfcare Ltd
Company No. 09955167
Information for Filing with The Registrar
31 January 2024
Surfcare Ltd Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 January 2024.
Principal activities
The principal activity of the company during the year under review was property investor.
Director
The Director who served at any time during the year was as follows:
J. Criss
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Criss
Director
11 June 2024
Surfcare Ltd Balance Sheet Registrar
at
31 January 2024
Company No.
09955167
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,500,0001,339,344
1,500,0001,339,344
Current assets
Debtors
5
55,42433,236
Cash at bank and in hand
2,52110,821
57,94544,057
Creditors: Amount falling due within one year
6
(1,178,548)
(1,241,012)
Net current liabilities
(1,120,603)
(1,196,955)
Total assets less current liabilities
379,397142,389
Provisions for liabilities
Deferred taxation
(40,164)
-
Net assets
339,233142,389
Capital and reserves
Called up share capital
22
Profit and loss account
8
339,231142,387
Total equity
339,233142,389
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 June 2024 and signed on its behalf by:
J. Criss
Director
11 June 2024
Surfcare Ltd Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
Surfcare Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09955167
Its registered office is:
3rd Floor
1 Temple Square
24 Dale Street
Liverpool
L2 5RL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of rents receivable in the year.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 February 2023
1,339,3441,339,344
Revaluation
160,656160,656
At 31 January 2024
1,500,0001,500,000
Depreciation
Net book values
At 31 January 2024
1,500,0001,500,000
At 31 January 2023
1,339,344
1,339,344
5
Debtors
2024
2023
£
£
Trade debtors
38,85516,667
Other debtors
16,56916,569
55,42433,236
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
307,555307,555
Taxes and social security
21,646
13,022
Loans from directors
847,727919,414
Accruals and deferred income
1,6201,021
1,178,5481,241,012
7
Share Capital
Two Ordinary Shares are allocated, called up and fully paid.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Advances and credits to directors
2024
£
At 1 February 2023
919,414
Amounts repaid in the period
71,687
At 31 January 2024
847,727
The director Joanne Criss is owed £847,727 at the year end, in 2023 the balance owed was £919,414.
10
Related party disclosures
Transactions with related parties
At the year end a company Three Bears Day Nursery Limited which Joanne Criss is a 50% share holder owes Surfcare Limited £16,569, the balance owing at 2023 was £16,569.
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