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REGISTERED NUMBER: 11151501 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

CARIBBEAN BAY LIMITED

CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARIBBEAN BAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: D M Farrar
D T Farrar





REGISTERED OFFICE: The Old Fire Station
Newton Road
Rushden
Northamtponshire
NN10 0HF





REGISTERED NUMBER: 11151501 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 195,000 195,000

CURRENT ASSETS
Debtors 5 4,077 900
Cash at bank 877 649
4,954 1,549
CREDITORS
Amounts falling due within one year 6 12,083 8,302
NET CURRENT LIABILITIES (7,129 ) (6,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES 187,871 188,247

CREDITORS
Amounts falling due after more than one
year

7

(114,908

)

(115,228

)

PROVISIONS FOR LIABILITIES (15,061 ) (15,061 )
NET ASSETS 57,902 57,958

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 64,205 64,205
Retained earnings (6,305 ) (6,249 )
SHAREHOLDERS' FUNDS 57,902 57,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)

BALANCE SHEET - continued
31ST JANUARY 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 Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:




D M Farrar - Director



D T Farrar - Director


CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Caribbean Bay 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern
Having due regards to cash flow forecasts, the director considers that based on her continued support, it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 195,000
NET BOOK VALUE
At 31st January 2024 195,000
At 31st January 2023 195,000

CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2022 79,266
Cost 115,734
195,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 115,734 115,734

Investment property was valued on an open market basis on 31st January 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,077 900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,557 6,548
Trade creditors - 1,135
Other creditors 5,526 619
12,083 8,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 114,908 115,228

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1 -
Bank loans 6,556 6,548
6,557 6,548

CARIBBEAN BAY LIMITED (REGISTERED NUMBER: 11151501)

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

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 1,405 1,397

Amounts falling due between two and five years:
Bank loans - 2-5 years 113,503 113,831

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Fair
value
reserve
£   
At 1st February 2023
and 31st January 2024 64,205