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REGISTERED NUMBER: 09414998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLEETHORPES ROCK CO. LTD.

CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEETHORPES ROCK CO. LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A. Macdonald
Mrs S. Macdonald



REGISTERED OFFICE: 168 North Promenade
CLEETHORPES
DN35 8SF



REGISTERED NUMBER: 09414998 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: National Westminster Bank
Corner of Alexandra Road and Sea View St
CLEETHORPES
DN35 8YA

CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 10,000
Tangible assets 5 479,927 504,632
484,927 514,632

CURRENT ASSETS
Stocks 6 7,000 7,000
Debtors 7 5,975 13,405
Cash at bank and in hand 75,578 59,907
88,553 80,312
CREDITORS
Amounts falling due within one year 8 158,382 163,782
NET CURRENT LIABILITIES (69,829 ) (83,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,098

431,162

CREDITORS
Amounts falling due after more than one
year

9

(215,724

)

(231,282

)

PROVISIONS FOR LIABILITIES (27,788 ) (25,813 )
NET ASSETS 171,586 174,067

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 2 2
Profit and loss account 171,584 174,065
SHAREHOLDERS' FUNDS 171,586 174,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

BALANCE SHEET - continued
31 DECEMBER 2023


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 9 September 2024 and were signed on its behalf by:





Mr A. Macdonald - Director


CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Cleethorpes Rock Co. Ltd. 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 25% Reducing Balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023 40,000
Amortisation for year 5,000
At 31 December 2023 45,000
NET BOOK VALUE
At 31 December 2023 5,000
At 31 December 2022 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 368,775 271,827 54,250 694,852
Additions - 4,287 - 4,287
At 31 December 2023 368,775 276,114 54,250 699,139
DEPRECIATION
At 1 January 2023 - 167,175 23,045 190,220
Charge for year - 21,191 7,801 28,992
At 31 December 2023 - 188,366 30,846 219,212
NET BOOK VALUE
At 31 December 2023 368,775 87,748 23,404 479,927
At 31 December 2022 368,775 104,652 31,205 504,632

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 7,000 7,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 5,975 13,405

CLEETHORPES ROCK CO. LTD. (REGISTERED NUMBER: 09414998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 17,569 19,679
Taxation and social security 38,683 21,415
Other creditors 102,130 122,688
158,382 163,782

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 215,724 231,282

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 215,724 231,282