Company Registration No. 12781358 (England and Wales)
Seaside Rendezvous Limited
Unaudited accounts
for the period from 1 August 2022 to 31 December 2023
Seaside Rendezvous Limited
Unaudited accounts
Contents
Seaside Rendezvous Limited
Company Information
for the period from 1 August 2022 to 31 December 2023
Directors
Tom Searle
Julie Searle
Company Number
12781358 (England and Wales)
Registered Office
17 Pickhurst Green
Bromley
BR2 7QT
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Seaside Rendezvous Limited
Statement of financial position
as at 31 December 2023
Investment property
877,840
400,000
Cash at bank and in hand
3,794
4,820
Creditors: amounts falling due within one year
(796,840)
(325,557)
Net current liabilities
(792,486)
(320,737)
Total assets less current liabilities
85,354
79,263
Creditors: amounts falling due after more than one year
(4,216)
(6,478)
Called up share capital
20
20
Profit and loss account
81,118
72,765
Shareholders' funds
81,138
72,785
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
Tom Searle
Director
Company Registration No. 12781358
Seaside Rendezvous Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2023
Seaside Rendezvous Limited is a private company, limited by shares, registered in England and Wales, registration number 12781358. The registered office is 17 Pickhurst Green, Bromley, BR2 7QT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
The Directors are of the opinion that the Company is a going concern and will continue to provide financial support to the Company as required.
Turnover comprises the fair value of the consideration received or receivable for the provision of accommodation services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Seaside Rendezvous Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2023
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fair value at 1 August 2022
400,000
At 31 December 2023
877,840
Amounts falling due within one year
Accrued income and prepayments
560
-
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
700,013
265,013
Loans from directors
96,827
60,544
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,216
6,478
Amounts falling due after more than one year relate to finance taken in respect of renovations. The finance is repayable over 60 months at £133 per month with 0% interest.
Allotted, called up and fully paid:
100 Ordinary A shares of £0.10 each
10
10
100 Ordinary B shares of £0.10 each
10
10
Seaside Rendezvous Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 December 2023
9
Transactions with related parties
Britrisk Safety Limited is a related party by virtue of having Directors in common. At 31 December 2023 the Company owed Britisk Safety Limited £700,013 (2022: £265,013). The loan is unsecured, interest-free and has no fixed terms of repayment.
The balance of £96,827 (2022: £60,544) in loans from Directors comprises £48,414 (2022: £59,930) owed to Mr T Searle and £48,414 (2022: £614) owed to Mrs J Searle.
Amounts owed to the Directors are unsecured, interest-free and have no fixed terms of repayment.
10
Average number of employees
During the period the average number of employees was 0 (2022: 0).