IRIS Accounts Production v24.2.0.383 11525721 Board of Directors 31.8.22 30.8.23 30.8.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115257212022-08-30115257212023-08-30115257212022-08-312023-08-30115257212021-08-30115257212021-08-312022-08-30115257212022-08-3011525721ns15:EnglandWales2022-08-312023-08-3011525721ns14:PoundSterling2022-08-312023-08-3011525721ns10:Director12022-08-312023-08-3011525721ns10:PrivateLimitedCompanyLtd2022-08-312023-08-3011525721ns10:SmallEntities2022-08-312023-08-3011525721ns10:AuditExempt-NoAccountantsReport2022-08-312023-08-3011525721ns10:SmallCompaniesRegimeForDirectorsReport2022-08-312023-08-3011525721ns10:SmallCompaniesRegimeForAccounts2022-08-312023-08-3011525721ns10:FullAccounts2022-08-312023-08-3011525721ns10:Director22022-08-312023-08-3011525721ns10:RegisteredOffice2022-08-312023-08-3011525721ns5:CurrentFinancialInstruments2023-08-3011525721ns5:CurrentFinancialInstruments2022-08-3011525721ns5:Non-currentFinancialInstruments2023-08-3011525721ns5:Non-currentFinancialInstruments2022-08-3011525721ns5:ShareCapital2023-08-3011525721ns5:ShareCapital2022-08-3011525721ns5:RetainedEarningsAccumulatedLosses2023-08-3011525721ns5:RetainedEarningsAccumulatedLosses2022-08-3011525721ns5:PlantMachinery2022-08-3011525721ns5:PlantMachinery2022-08-312023-08-3011525721ns5:PlantMachinery2023-08-3011525721ns5:PlantMachinery2022-08-3011525721ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3011525721ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-30
REGISTERED NUMBER: 11525721 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 August 2023

for

Iron Beach Ventures Limited

Iron Beach Ventures Limited (Registered number: 11525721)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iron Beach Ventures Limited

Company Information
for the Year Ended 30 August 2023







DIRECTORS: L T Murphy
Mrs A L Murphy





REGISTERED OFFICE: Basecamp Liverpool
Baltic Creative
49 Jamaica Street
Liverpool
Merseyside
L1 0AH





REGISTERED NUMBER: 11525721 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Iron Beach Ventures Limited (Registered number: 11525721)

Balance Sheet
30 August 2023

30.8.23 30.8.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,418 9,748

CURRENT ASSETS
Stocks 200,337 -
Debtors 5 83,000 13,518
Cash at bank 177 3,362
283,514 16,880
CREDITORS
Amounts falling due within one year 6 368,264 51,450
NET CURRENT LIABILITIES (84,750 ) (34,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,332

)

(24,822

)

CREDITORS
Amounts falling due after more than one
year

7

14,042

13,567
NET LIABILITIES (94,374 ) (38,389 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (94,474 ) (38,489 )
(94,374 ) (38,389 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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.

Iron Beach Ventures Limited (Registered number: 11525721)

Balance Sheet - continued
30 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





L T Murphy - Director


Iron Beach Ventures Limited (Registered number: 11525721)

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

1. STATUTORY INFORMATION

Iron Beach Ventures 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.

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.

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

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

Iron Beach Ventures Limited (Registered number: 11525721)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 31 August 2022
and 30 August 2023 26,652
DEPRECIATION
At 31 August 2022 16,904
Charge for year 5,330
At 30 August 2023 22,234
NET BOOK VALUE
At 30 August 2023 4,418
At 30 August 2022 9,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£ £
Other debtors 83,000 13,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£ £
Bank loans and overdrafts 4,290 4,290
Taxation and social security 105 756
Other creditors 363,869 46,404
368,264 51,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.23 30.8.22
£ £
Bank loans 14,042 13,567