2023-03-012024-02-292024-02-29false07278903QUAYSIDE (NEWHAVEN) 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QUAYSIDE (NEWHAVEN) LIMITED

Registered Number
07278903
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

QUAYSIDE (NEWHAVEN) LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

I Bickerstaff

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07278903 (England and Wales)
QUAYSIDE (NEWHAVEN) LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,843,993851,002
Investments4179,065179,065
2,023,0581,030,067
Current assets
Debtors5334,1121,201,803
Cash at bank and on hand74,54219,752
408,6541,221,555
Creditors amounts falling due within one year6(1,386,368)(1,252,726)
Net current assets (liabilities)(977,714)(31,171)
Total assets less current liabilities1,045,344998,896
Creditors amounts falling due after one year7(26,306)(37,580)
Accruals and deferred income(630)(630)
Net assets1,018,408960,686
Capital and reserves
Called up share capital22
Profit and loss account1,018,406960,684
Shareholders' funds1,018,408960,686
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
I Bickerstaff
Director
Registered Company No. 07278903
QUAYSIDE (NEWHAVEN) LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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 and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 March 23850,752250851,002
Additions992,991-992,991
At 29 February 241,843,7432501,843,993
Net book value
At 29 February 241,843,7432501,843,993
At 28 February 23850,752250851,002
4.Fixed asset investments
Newhaven Enterprises Ltd Registered office: 12a Marlborough Place, Brighton, BN1 1WN Nature of business: Residents property management Class of shares: Ordinary Holding: 50%

Investments in groups1

Total

££
Cost or valuation
At 01 March 23179,065179,065
At 29 February 24179,065179,065
Net book value
At 29 February 24179,065179,065
At 28 February 23179,065179,065

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables82,2851,100,868
Other debtors251,827100,935
Total334,1121,201,803
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,4482,830
Taxation and social security15,508116,884
Other creditors1,365,4121,133,012
Total1,386,3681,252,726
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,30637,580
Total26,30637,580
8.Related party transactions
Included in the financial statements are the following transactions and balances with related parties: Bickerstaff Fishing Company Limited, a company controlled by the director, I Bickerstaff: Creditors: Amounts falling due within one year £1,113,976 (2023: £1,113,976) West Quay Fisheries Limited, a company controlled by the director, I Bickerstaff: Creditors: Amounts falling due within one year £251,436 (2023: £19,036) Newhaven Enterprises Ltd, a company controlled by the director, I Bickerstaff, since 4 June 2020: Current assets: Debtors £100,935 (2023: £100,935)
9.Controlling party
The company is controlled by its director, I Bickerstaff, by virtue of his ownership of 100% of the issued share capital.