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REGISTERED NUMBER: 13334065 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

SALTWATER ESCAPES LTD

SALTWATER ESCAPES LTD (REGISTERED NUMBER: 13334065)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALTWATER ESCAPES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTORS: Mr S J Fisher
Mr C R Mitchell
Mrs K Trust
Mr J J Trust



REGISTERED OFFICE: 36 Fore Street
Brixham
Devon
TQ5 8DZ



REGISTERED NUMBER: 13334065 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays Plc
Cardiff Queen Street
Leicester
Leicestershire
LE87 2BB

SALTWATER ESCAPES LTD (REGISTERED NUMBER: 13334065)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 578 -

CURRENT ASSETS
Debtors 5 15,811 1,875
Cash at bank 35,618 125,445
51,429 127,320
CREDITORS
Amounts falling due within one year 6 47,028 126,728
NET CURRENT ASSETS 4,401 592
TOTAL ASSETS LESS CURRENT LIABILITIES 4,979 592

PROVISIONS FOR LIABILITIES 110 -
NET ASSETS 4,869 592

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,867 590
SHAREHOLDERS' FUNDS 4,869 592

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

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

SALTWATER ESCAPES LTD (REGISTERED NUMBER: 13334065)

BALANCE SHEET - continued
29 APRIL 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 17 January 2025 and were signed on its behalf by:




Mr J J Trust - Director



Mr C R Mitchell - Director


SALTWATER ESCAPES LTD (REGISTERED NUMBER: 13334065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024


1. STATUTORY INFORMATION

Saltwater Escapes Ltd 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

SALTWATER ESCAPES LTD (REGISTERED NUMBER: 13334065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 771
At 29 April 2024 771
DEPRECIATION
Charge for year 193
At 29 April 2024 193
NET BOOK VALUE
At 29 April 2024 578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,102 793
Amounts owed by participating interests 2,001 -
VAT - 578
Prepayments 708 504
15,811 1,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,116 -
Amounts owed to participating interests 2,999 16,127
Tax 1,247 631
Social security and other taxes 1,976 383
Pension control account 1,885 1,359
VAT 3,498 -
Other creditors 29,680 106,830
Accrued expenses 1,627 1,398
47,028 126,728

7. RELATED PARTY DISCLOSURES

As at 29 April 2024, the company was owed from Absolute Sales & Lettings Ltd an amount of £2,001 (in 2023 the company owed to Absolute Sales & Lettings Ltd: £13,128), and FIJK Ltd an amount of £2,999 (2023: £2,999). These companies are shareholders of the company. The loans are unsecured, interest free and repayable on demand.