Company Registration No. 04905751 (England and Wales)
Shanklin Esplanade Limited
Unaudited accounts
for the year ended 29 February 2024
Shanklin Esplanade Limited
Unaudited accounts
Contents
Shanklin Esplanade Limited
Company Information
for the year ended 29 February 2024
Directors
Mr S J Page
Mrs J Page
Company Number
04905751 (England and Wales)
Registered Office
10, Eastmount Road
Shanklin
Isle of Wight
PO37 6DN
Accountants
Martin Bridges & Co
39 High Street
Shanklin
Isle of Wight
PO37 6JJ
Shanklin Esplanade Limited
Statement of financial position
as at 29 February 2024
Intangible assets
37,500
37,500
Tangible assets
546,932
547,828
Cash at bank and in hand
40,841
48,943
Creditors: amounts falling due within one year
(33,378)
(30,539)
Net current assets
54,092
58,874
Total assets less current liabilities
638,524
644,202
Creditors: amounts falling due after more than one year
(512,105)
(518,105)
Net assets
126,419
126,097
Called up share capital
4
4
Revaluation reserve
89,348
89,348
Profit and loss account
37,067
36,745
Shareholders' funds
126,419
126,097
For the year ending 29 February 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 November 2024 and were signed on its behalf by
Mrs J Page
Director
Company Registration No. 04905751
Shanklin Esplanade Limited
Notes to the Accounts
for the year ended 29 February 2024
Shanklin Esplanade Limited is a private company, limited by shares, registered in England and Wales, registration number 04905751. The registered office is 10, Eastmount Road, Shanklin, Isle of Wight, PO37 6DN.
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 year, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Total
At 29 February 2024
125,000
At 29 February 2024
87,500
At 29 February 2024
37,500
At 28 February 2023
37,500
Shanklin Esplanade Limited
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Total
At 29 February 2024
600,939
At 29 February 2024
54,007
At 29 February 2024
546,932
At 28 February 2023
547,828
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).