IRIS Accounts Production v24.2.0.383 07968341 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079683412023-02-28079683412024-02-29079683412023-03-012024-02-29079683412022-02-28079683412022-03-012023-02-28079683412023-02-2807968341ns15:EnglandWales2023-03-012024-02-2907968341ns14:PoundSterling2023-03-012024-02-2907968341ns10:Director12023-03-012024-02-2907968341ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907968341ns10:SmallEntities2023-03-012024-02-2907968341ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907968341ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907968341ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907968341ns10:FullAccounts2023-03-012024-02-2907968341ns10:OrdinaryShareClass12023-03-012024-02-2907968341ns10:Director22023-03-012024-02-2907968341ns10:RegisteredOffice2023-03-012024-02-2907968341ns5:CurrentFinancialInstruments2024-02-2907968341ns5:CurrentFinancialInstruments2023-02-2807968341ns5:Non-currentFinancialInstruments2024-02-2907968341ns5:Non-currentFinancialInstruments2023-02-2807968341ns5:ShareCapital2024-02-2907968341ns5:ShareCapital2023-02-2807968341ns5:RetainedEarningsAccumulatedLosses2024-02-2907968341ns5:RetainedEarningsAccumulatedLosses2023-02-2807968341ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-012024-02-2907968341ns5:LeaseholdImprovements2023-03-012024-02-2907968341ns5:PlantMachinery2023-03-012024-02-2907968341ns5:FurnitureFittings2023-03-012024-02-2907968341ns5:ComputerEquipment2023-03-012024-02-2907968341ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2807968341ns5:LeaseholdImprovements2023-02-2807968341ns5:PlantMachinery2023-02-2807968341ns5:ShortLeaseholdAssetsns5:LandBuildings2024-02-2907968341ns5:LeaseholdImprovements2024-02-2907968341ns5:PlantMachinery2024-02-2907968341ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2807968341ns5:LeaseholdImprovements2023-02-2807968341ns5:PlantMachinery2023-02-2807968341ns5:FurnitureFittings2023-02-2807968341ns5:ComputerEquipment2023-02-2807968341ns5:FurnitureFittings2024-02-2907968341ns5:ComputerEquipment2024-02-2907968341ns5:FurnitureFittings2023-02-2807968341ns5:ComputerEquipment2023-02-2807968341ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-02-2907968341ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2807968341ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2907968341ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2807968341ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 07968341 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SOUTH COAST CONVENTIONS LIMITED

SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH COAST CONVENTIONS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Wood
Ms E C A Dominguez





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 07968341 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,739 83,004

CURRENT ASSETS
Debtors 5 758 -
Cash at bank 48,633 108,597
49,391 108,597
CREDITORS
Amounts falling due within one year 6 69,655 104,175
NET CURRENT (LIABILITIES)/ASSETS (20,264 ) 4,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,475

87,426

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,495

)

PROVISIONS FOR LIABILITIES (12,870 ) (15,770 )
NET ASSETS 22,105 49,161

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 22,005 49,061
SHAREHOLDERS' FUNDS 22,105 49,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





D Wood - Director


SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

South Coast Conventions 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold improvements - 20% on reducing balance
Improvements to property - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Short Improvements
leasehold to Plant and
improvements property machinery
£    £    £   
COST
At 1 March 2023 33,296 52,335 8,890
Additions - - 929
At 29 February 2024 33,296 52,335 9,819
DEPRECIATION
At 1 March 2023 19,597 10,467 2,467
Charge for year 2,740 8,374 1,073
At 29 February 2024 22,337 18,841 3,540
NET BOOK VALUE
At 29 February 2024 10,959 33,494 6,279
At 28 February 2023 13,699 41,868 6,423

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 24,444 8,856 127,821
Additions 672 153 1,754
At 29 February 2024 25,116 9,009 129,575
DEPRECIATION
At 1 March 2023 6,850 5,436 44,817
Charge for year 3,653 1,179 17,019
At 29 February 2024 10,503 6,615 61,836
NET BOOK VALUE
At 29 February 2024 14,613 2,394 67,739
At 28 February 2023 17,594 3,420 83,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
VAT 758 -

SOUTH COAST CONVENTIONS LIMITED (REGISTERED NUMBER: 07968341)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 9,998
Trade creditors 36,750 31,000
Tax 18,607 23,644
Social security and other taxes 42 323
VAT - 1,860
Other creditors (110 ) 138
Directors' current accounts 2,066 35,412
Accrued expenses 2,300 1,800
69,655 104,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,000 9,998
Bank loans - 2-5 years 2,500 12,497
12,500 22,495

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100