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REGISTERED NUMBER: 08935264 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BEACHFRONT LEISURE LTD

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEACHFRONT LEISURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M S Deol





REGISTERED OFFICE: The Roastery
13-14 Sydney Street
Brighton
East Sussex
BN1 4EN





REGISTERED NUMBER: 08935264 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 481,623 348,370

CURRENT ASSETS
Stocks 20,000 15,000
Debtors 5 488,586 425,297
Cash at bank 36,940 41,714
545,526 482,011
CREDITORS
Amounts falling due within one year 6 719,912 639,433
NET CURRENT LIABILITIES (174,386 ) (157,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,237

190,948

CREDITORS
Amounts falling due after more than one
year

7

(207,243

)

(92,500

)

PROVISIONS FOR LIABILITIES 9 (62,800 ) (78,307 )
NET ASSETS 37,194 20,141

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 37,192 20,139
SHAREHOLDERS' FUNDS 37,194 20,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





M S Deol - Director


BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Beachfront Leisure 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.

The accounts have been prepared using the going concern basis. The company relies on the support of connected companies via common control and of its director, whom have indicated that they will continue to support the activities of the company for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is recognised at the fair value of the consideration received or receivable.

Revenue is recognised when bar and food products are served to customers, after deducting discounts and sales based taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value), after making allowances for obsolete and slow moving items.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 60 ) .

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Catering Fixtures
plant and Plant and and
machinery machinery fittings
£    £    £   
COST
At 1 April 2023 84,561 56,878 606,682
Additions - 681 31,914
At 31 March 2024 84,561 57,559 638,596
DEPRECIATION
At 1 April 2023 42,423 35,761 363,825
Charge for year 8,433 5,418 65,295
At 31 March 2024 50,856 41,179 429,120
NET BOOK VALUE
At 31 March 2024 33,705 16,380 209,476
At 31 March 2023 42,138 21,117 242,857

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 83,064 831,185
Additions 199,183 3,928 235,706
At 31 March 2024 199,183 86,992 1,066,891
DEPRECIATION
At 1 April 2023 - 40,806 482,815
Charge for year 12,449 10,858 102,453
At 31 March 2024 12,449 51,664 585,268
NET BOOK VALUE
At 31 March 2024 186,734 35,328 481,623
At 31 March 2023 - 42,258 348,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,136 15,663
Amounts owed by group undertakings 270,180 279,267
Other debtors 162,270 130,367
488,586 425,297

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts (see note 8) 22,629 -
Trade creditors 84,964 99,973
Amounts owed to group undertakings 295,668 315,988
Amounts owed to connected companies 11,627 15,000
Taxation and social security 190,799 138,750
Other creditors 84,225 39,722
719,912 639,433

The company has registered a fixed and floating charge over all its assets in favour of HSBC Bank Plc in respect of funding provided to Boardwalk Limited, the parent company. The charge is registered by way of debenture dated 29th September 2014.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 62,500 92,500
Hire purchase contracts (see note 8) 144,743 -
207,243 92,500

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 22,629 -
Between one and five years 144,743 -
167,372 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,800 78,307

Deferred
tax
£   
Balance at 1 April 2023 78,307
Credit to Statement of Income and Retained Earnings during year (15,507 )
Balance at 31 March 2024 62,800

BEACHFRONT LEISURE LTD (REGISTERED NUMBER: 08935264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2