Registered number
10141037
Pacific Coast Limited
Filleted Accounts
30 April 2024
Pacific Coast Limited
Registered number: 10141037
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 223,842 224,043
Investments 4 25,735 24,861
249,577 248,904
Current assets
Debtors 5 3,500 -
Cash at bank and in hand 22,743 31,215
26,243 31,215
Creditors: amounts falling due within one year 6 (41,907) (50,875)
Net current liabilities (15,664) (19,660)
Total assets less current liabilities 233,913 229,244
Creditors: amounts falling due after more than one year 7 (213,761) (210,810)
Provisions for liabilities (38) (38)
Net assets 20,114 18,396
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,014 18,296
Shareholder's funds 20,114 18,396
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Ellwood
Director
Approved by the board on 29 January 2025
Pacific Coast Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Computer equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 223,842 1,570 225,412
At 30 April 2024 223,842 1,570 225,412
Depreciation
At 1 May 2023 - 1,369 1,369
Charge for the year - 201 201
At 30 April 2024 - 1,570 1,570
Net book value
At 30 April 2024 223,842 - 223,842
At 30 April 2023 223,842 201 224,043
4 Investments
Other
investments
£
Cost
At 1 May 2023 24,861
Additions 874
At 30 April 2024 25,735
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,500 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 450 3,153
Other creditors 41,457 47,722
41,907 50,875
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 213,761 210,810
8 Other information
Pacific Coast Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
Pacific Coast Limited 10141037 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 N Ellwood No description of principal activity 10141037 2022-05-01 2023-04-30 10141037 core:WithinOneYear 2023-04-30 10141037 core:AfterOneYear 2023-04-30 10141037 core:ShareCapital 2023-04-30 10141037 core:RetainedEarningsAccumulatedLosses 2023-04-30 10141037 2023-05-01 2024-04-30 10141037 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10141037 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10141037 bus:Director40 2023-05-01 2024-04-30 10141037 2 2023-05-01 2024-04-30 10141037 core:LandBuildings 2023-05-01 2024-04-30 10141037 core:PlantMachinery 2023-05-01 2024-04-30 10141037 countries:England 2023-05-01 2024-04-30 10141037 bus:FRS102 2023-05-01 2024-04-30 10141037 bus:FilletedAccounts 2023-05-01 2024-04-30 10141037 2024-04-30 10141037 core:WithinOneYear 2024-04-30 10141037 core:AfterOneYear 2024-04-30 10141037 core:ShareCapital 2024-04-30 10141037 core:RetainedEarningsAccumulatedLosses 2024-04-30 10141037 core:LandBuildings 2024-04-30 10141037 core:PlantMachinery 2024-04-30 10141037 core:AdditionsToInvestments 2024-04-30 10141037 2023-04-30 10141037 core:LandBuildings 2023-04-30 10141037 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure