1
01/05/2023
30/04/2024
2024-04-30
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-05-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
13952721
2023-05-01
2024-04-30
13952721
2024-04-30
13952721
2023-04-30
13952721
2022-05-01
2023-04-30
13952721
2023-04-30
13952721
2022-04-30
13952721
bus:Director1
2023-05-01
2024-04-30
13952721
core:WithinOneYear
2024-04-30
13952721
core:WithinOneYear
2023-04-30
13952721
core:ShareCapital
2022-05-01
2023-04-30
13952721
core:RetainedEarningsAccumulatedLosses
2022-05-01
2023-04-30
13952721
core:RetainedEarningsAccumulatedLosses
2023-05-01
2024-04-30
13952721
core:ShareCapital
2024-04-30
13952721
core:ShareCapital
2023-04-30
13952721
core:RetainedEarningsAccumulatedLosses
2024-04-30
13952721
core:RetainedEarningsAccumulatedLosses
2023-04-30
13952721
core:PreviouslyStatedAmount
core:ShareCapital
2024-04-30
13952721
bus:SmallEntities
2023-05-01
2024-04-30
13952721
bus:AuditExempt-NoAccountantsReport
2023-05-01
2024-04-30
13952721
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
13952721
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
13952721
bus:FullAccounts
2023-05-01
2024-04-30
13952721
core:ParentEntities
2023-05-01
2024-04-30
13952721
core:ParentEntities
2022-05-01
2023-04-30
13952721
core:Associate1
2023-05-01
2024-04-30
13952721
core:Associate1
2022-05-01
2023-04-30
13952721
core:Associate2
2023-05-01
2024-04-30
13952721
core:Associate2
2022-05-01
2023-04-30
13952721
core:ParentEntities
2024-04-30
13952721
core:ParentEntities
2023-04-30
13952721
core:Associate1
2024-04-30
13952721
core:Associate1
2023-04-30
13952721
core:Associate2
2024-04-30
13952721
core:Associate2
2023-04-30
Company registration number:
13952721
Sea Island Developments (Spalding) Limited
Pages for filing with Registrar
Sea Island Developments (Spalding) Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Sea Island Developments (Spalding) Limited
Statement of financial position
30 April 2024
|
|
|
30/04/24 |
|
|
|
30/04/23 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
163,089 |
|
|
|
139,761 |
|
|
Debtors |
|
5 |
45,000 |
|
|
|
45,000 |
|
|
Cash at bank and in hand |
|
|
713 |
|
|
|
23,683 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
208,802 |
|
|
|
208,444 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
235,136) |
|
|
|
(
209,606) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
26,334) |
|
|
|
(
1,162) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
26,334) |
|
|
|
(
1,162) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
26,334) |
|
|
|
(
1,162) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1 |
|
|
|
1 |
Profit and loss account |
|
|
|
|
(
26,335) |
|
|
|
(
1,163) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder deficit |
|
|
|
|
(
26,334) |
|
|
|
(
1,162) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 January 2025
, and are signed on behalf of the board by:
M Walton
Director
Company registration number:
13952721
Sea Island Developments (Spalding) Limited
Statement of changes in equity
Year ended 30 April 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 3 March 2022 |
|
- |
|
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
1,163) |
(
1,163) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
1,163) |
(
1,163) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
1 |
|
|
1 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
1 |
|
- |
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2023 and 1 May 2023 |
|
1 |
|
(
1,163) |
(
1,162) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
25,172) |
(
25,172) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
25,172) |
(
25,172) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 April 2024 |
|
1 |
|
(
26,335) |
(
26,334) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sea Island Developments (Spalding) Limited
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is West 2, Asama Court, Newcastle Business park, Newcastle upon Tyne, NE4 7YD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors of the company are satisfied that there are no material uncertainties concerning the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements continue to be prepared on the going concern basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Debtors
|
|
|
30/04/24 |
30/04/23 |
|
|
|
£ |
£ |
|
Other debtors |
|
45,000 |
45,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
30/04/24 |
30/04/23 |
|
|
|
£ |
£ |
|
Trade creditors |
|
1,530 |
- |
|
Amounts owed to group undertakings |
|
232,676 |
208,676 |
|
Other creditors |
|
930 |
930 |
|
|
|
_______ |
_______ |
|
|
|
235,136 |
209,606 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
Year |
Period |
Year |
Period |
|
|
ended |
ended |
ended |
ended |
|
|
30/04/24 |
30/04/23 |
30/04/24 |
30/04/23 |
|
|
£ |
£ |
£ |
£ |
|
Sea Island Developments Limited |
(
24,000) |
(
135,076) |
(
159,076) |
(
135,076) |
|
The McKenzie Corporation Limited |
- |
(
72,000) |
(
72,000) |
(
72,000) |
|
Sea Island Developments (North Shields) Limited |
- |
(
1,600) |
(
1,600) |
(
1,600) |
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
The company is a wholly owned subsidiary of Sea Island Developments Limited, a company controlled by PG Walton.The McKenzie Corporation Limited is a company under the control of PG Walton.Sea Island Developments (North Shields) Limited is a wholly owned subsidiary of Sea Island Developments Limited.