Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse2023-06-01No description of principal activity22true 13418591 2023-06-01 2024-05-31 13418591 2022-06-01 2023-05-31 13418591 2024-05-31 13418591 2023-05-31 13418591 c:Director1 2023-06-01 2024-05-31 13418591 d:FreeholdInvestmentProperty 2024-05-31 13418591 d:FreeholdInvestmentProperty 2023-05-31 13418591 d:CurrentFinancialInstruments 2024-05-31 13418591 d:CurrentFinancialInstruments 2023-05-31 13418591 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 13418591 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13418591 d:ShareCapital 2024-05-31 13418591 d:ShareCapital 2023-05-31 13418591 d:RetainedEarningsAccumulatedLosses 2024-05-31 13418591 d:RetainedEarningsAccumulatedLosses 2023-05-31 13418591 c:FRS102 2023-06-01 2024-05-31 13418591 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13418591 c:FullAccounts 2023-06-01 2024-05-31 13418591 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13418591 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-01 2024-05-31 13418591 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 13418591 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 13418591 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 13418591










CAISTER BEACH LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CAISTER BEACH LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CAISTER BEACH LTD
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Caister Beach Ltd for the year ended 31 May 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Caister Beach Ltd, as a body, in accordance with the terms of our engagement letter dated 23 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of Caister Beach Ltd and state those matters that we have agreed to state to the Board of Directors of Caister Beach Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Caister Beach Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Caister Beach Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Caister Beach Ltd. You consider that Caister Beach Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Caister Beach Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
16 January 2025
Page 1

 
CAISTER BEACH LTD
REGISTERED NUMBER: 13418591

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
259,649
259,649

  
259,649
259,649

Current assets
  

Cash at bank and in hand
  
602
2,189

  
602
2,189

Creditors: amounts falling due within one year
 5 
(274,562)
(264,107)

Net current liabilities
  
 
 
(273,960)
 
 
(261,918)

Total assets less current liabilities
  
(14,311)
(2,269)

  

Net liabilities
  
(14,311)
(2,269)


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
(14,431)
(2,389)

  
(14,311)
(2,269)


Page 2

 
CAISTER BEACH LTD
REGISTERED NUMBER: 13418591
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 January 2025.




J Snelling
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
CAISTER BEACH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Caister Beach Ltd is a United Kingdom company limited by shares. It is incorporated and domicled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is that of property letting in Great Yarmouth.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors will continue to support the Company, where required, for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover comprises rents receivable during the year, recognised on an accruals in accordance with the period for which rent is due under the terms of the lease. The Company is not registered for Value Added Tax.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CAISTER BEACH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

2024
£

Wages and salaries
6,400

6,400


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
259,649



At 31 May 2024
259,649

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
273,116
262,721

Accruals and deferred income
1,446
1,386

274,562
264,107



6.


Related party transactions

As at 31 May 2024 the balance owed to the directors was £273,116 (2023: £262,721).

 
Page 5