|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company registration number:12353533
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE OLD FORT SEAVIEW LIMITED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 31 March 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE OLD FORT SEAVIEW LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AS AT 31 March 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
Notes |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS | | | | | | | | | | | |
Intangible assets | | | 3 | | | 41,601 | | | | 41,601 | |
Tangible assets | | | 4 | | | 113,398 | | | | 140,257 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | 154,999 | | | | 181,858 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Stocks | | | | 1,400 | | | | 1,210 | | | | |
Debtors | | | 5 | 306,383 | | | | 20,603 | | | | |
Cash at bank and in hand | | | | 202,520 | | | | 283,905 | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | 510,303 | | | | 305,718 | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS |
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
|
6 |
(497,650) |
|
|
|
(251,896) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CURRENT ASSETS |
|
|
|
|
|
12,653 |
|
|
|
53,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS LESS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
167,652 |
|
|
|
235,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROVISIONS FOR LIABILITIES | | | | | (10,264) | | | | (15,018) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
|
|
|
|
157,388 |
|
|
|
220,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
|
|
|
|
|
|
Called-up equity share capital |
|
7 |
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
|
157,288 |
|
|
|
220,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
157,388 |
|
|
|
220,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 6 February 2025 and signed on its behalf. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
.......................................................................... |
William Simonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 February 2025
|
|
|
|
|
|
|
|
|
|
|
|
The annexed notes form part of these financial statements. | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | |
THE OLD FORT SEAVIEW LIMITED | | | | | | |
| | | | | | | |
STATEMENT OF CHANGES IN EQUITY | | | | | | |
|
FOR THE YEAR ENDED 31 MARCH 2024 | | |
|
|
|
|
|
Share |
Share |
P and L |
Revaluation |
Other |
Total |
|
|
|
|
Capital |
Premium |
Account |
reserve |
reserves |
equity |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
Balance at 1 January 2022 | | 100 | 0 | 216,890 | 0 | 0 | 216,990 |
| | | | | | | | | | | |
Changes in equity | | | | | | | | | | |
Total Comprehensive Income | | 0 | 0 | 3,672 | 0 | 0 | 3,672 |
Balance at 31 March 2023 | | 100 | 0 | 220,562 | 0 | 0 | 220,662 |
| | | | | | | | | | | |
Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | (63,274) | 0 | 0 | (63,274) |
Balance at 31 March 2024 | | 100 | 0 | 157,288 | 0 | 0 | 157,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE OLD FORT SEAVIEW LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 31 MARCH 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. |
Accounting policies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Statutory information | | | | | | | |
| The company is registered in England and its registered number is 12353533. The company is a private company limited by shares. Its registered office is The Old Fort, Esplanade, Seaview, Isle of Wight, | |
| |
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
Basis of preparing the financial statements |
|
|
|
|
|
|
|
|
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
| |
| |
| Intangible Assets |
| Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. | |
| |
| |
| Fixed Assets | | | | | | | | |
| Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: | |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
| Plant and Machinery - 50% per annum on reducing balance | |
| |
| Land and buildings - 20% per annum on cost | |
|
|
|
|
|
|
|
|
|
|
|
| Stocks and Work In Progress | | | | | | | |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. | |
| |
| | | | | | | | | | |
| Leasing | | | | | | | | | |
| Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. | |
| |
| |
| |
| |
| | | | | | | | | | |
| Deferred Taxation | | | | | | | | |
| Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future. | |
| |
| |
| |
| |
| Pension Scheme | | | | | | | | |
| The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. | |
| |
| |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. | Employees | | | |
| | | | | | |
| The average number of persons employed by the company (including directors) during the year was 39. |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | | |
4. | Tangible fixed assets | | | | | | | | | |
| | | | | | | | | | | |
|
|
|
|
Long Lease |
Short Lease |
Plant |
Total |
|
| | | | | | | | | | | |
| Cost | | | | | | | | | | |
| At start of period | |
61,221 |
50,000 |
216,048 |
327,269 | |
| Additions | | |
0 |
0 |
47,050 |
47,050 | |
| At end of period | |
61,221 |
50,000 |
263,098 |
374,319 | |
| | | | | | | | | | | |
| Depreciation | | | | | | | | | | |
| At start of period | |
12,244 |
15,000 |
159,768 |
187,012 | |
| Provided during the period |
12,244 |
10,000 |
51,666 |
73,910 | |
| At end of period | |
24,488 |
25,000 |
211,434 |
260,922 | |
| | | | | | | | | | | |
| Net Book Value | | | | | | | | | |
| At start of period | |
48,977 |
35,000 |
56,280 |
140,257 | |
| At end of period | |
36,733 |
25,000 |
51,665 |
113,398 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | |
5. | Debtors | | | | | | | |
| | | | | 2024 | 2023 | | | |
| | | | | £ | £ | | | |
| Due within one year | | | | | | | |
| Amounts owed by group undertakings | | 304,050 | 1,062 | | | |
| Other Debtors | | | 786 | 18,795 | | | |
| Prepayments and accrued income | | 1,547 | 746 | | | |
| | | | | | | | | |
| | | | | 306,383 | 20,603 | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. | Creditors due within one year | | | | | |
| | | | | 2024 | 2023 | | |
| | | | | £ | £ | | |
|
|
|
|
|
|
|
|
|
| Trade creditors | | | 140,255 | 77,428 | | |
| Payment received on account | | 441 | 14,823 | | |
| Bank Loans and Overdrafts | | | 51,321 | 0 | | |
| Corporation Tax | | | 0 | 1,571 | | |
| Other taxes and social security costs | | 184,134 | 30,586 | | |
| Other creditors | | | 1,290 | 753 | | |
| Accruals and deferred income | | 6,727 | 11,940 | | |
| Loan from directors | | | 113,482 | 114,795 | | |
|
|
|
|
|
|
|
|
|
| | | | | 497,650 | 251,896 | | |
| | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. |
Share capital |
|
|
Alloted, Issued and fully paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
2023 |
|
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ordinary shares of £1 each | | | 100 | 100 | | | |
| Total issued share capital | | | 100 | 100 | | | |
|
|
|
|
|
|
|
|
|
|
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8. | Pension schemes | | | | | | | | |
| The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. | |
| |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | |
|
|
|
|
|
|
|
|
|
|
|