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REGISTERED NUMBER: 03137799 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

The Beach Limited

The Beach Limited (Registered number: 03137799)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Beach Limited

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: D M Baxter





REGISTERED OFFICE: Cranbrook
14 Hilllydeal Road
Otford
Kent
TN14 5RU





REGISTERED NUMBER: 03137799 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

The Beach Limited (Registered number: 03137799)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 835 764

CURRENT ASSETS
Stocks 787,420 2,400
Debtors 5 203,330 283,936
Investments 6 41,066 225,776
Cash at bank 1,011,953 1,554,870
2,043,769 2,066,982
CREDITORS
Amounts falling due within one year 7 167,948 181,095
NET CURRENT ASSETS 1,875,821 1,885,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,656

1,886,651

CREDITORS
Amounts falling due after more than one year 8 65,489 27,166
NET ASSETS 1,811,167 1,859,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,811,067 1,859,385
1,811,167 1,859,485

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 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.

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 director and authorised for issue on 26 September 2024 and were signed by:





D M Baxter - Director


The Beach Limited (Registered number: 03137799)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Beach 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.

Turnover
Turnover represents the sale of development, recognised on completion of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost or market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised as 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 may have originated but not been reversed at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023 1,036
Additions 353
At 31 December 2023 1,389
DEPRECIATION
At 1 January 2023 272
Charge for year 282
At 31 December 2023 554
NET BOOK VALUE
At 31 December 2023 835
At 31 December 2022 764

The Beach Limited (Registered number: 03137799)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,074 128,200
Amounts owed by group undertakings 188,321 152,690
Other debtors 12,935 3,046
203,330 283,936

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 41,066 225,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 14,436 14,436
Trade creditors 29,204 139,163
Taxation and social security 1,448 11,013
Other creditors 122,860 16,483
167,948 181,095

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 12,821 26,751
Other creditors 52,668 415
65,489 27,166