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REGISTERED NUMBER: 14516955 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Lyme Regis Stays Limited

Lyme Regis Stays Limited (Registered number: 14516955)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lyme Regis Stays Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs A B Garrod
M J M Hamer



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 14516955 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Starling Bank
5th Floor
London Fruit & Wool Exchange
1 Duval Square
London
E1 6PW

Lyme Regis Stays Limited (Registered number: 14516955)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,773 1,299

CURRENT ASSETS
Debtors 5 6,014 -
Cash at bank 9,945 5,074
15,959 5,074
CREDITORS
Amounts falling due within one year 6 19,267 6,902
NET CURRENT LIABILITIES (3,308 ) (1,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(535

)

(529

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (735 ) (729 )
SHAREHOLDERS' FUNDS (535 ) (529 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:





M J M Hamer - Director


Lyme Regis Stays Limited (Registered number: 14516955)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Lyme Regis Stays Limited 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 October 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 30 November 2022.

Adopting FRS 102 Section 1A has not given rise to any transition adjustments.

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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

Going concern
Despite net current liabilities of £3,308 (2023 - £1,828) the financial statements have been prepared on a going concern basis. The directors have reviewed the future cash flows of the business and have expressed their intentions to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lyme Regis Stays Limited (Registered number: 14516955)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 November 2023 1,299
Additions 2,398
At 31 October 2024 3,697
Depreciation
Charge for year 924
At 31 October 2024 924
Net book value
At 31 October 2024 2,773
At 31 October 2023 1,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 821 -
Other debtors 5,193 -
6,014 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Other creditors 19,267 6,902

7. RELATED PARTY DISCLOSURES

Mrs A B Garrod and M J M Hamer
Directors

At 31 October 2024, the company owes the directors £8,307 (2023 - £6,212). The balance outstanding is interest free and has no fixed repayment terms.