Cockle Beach Ltd 12706514 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true true 12706514 2023-07-01 2024-06-30 12706514 2024-06-30 12706514 core:RetainedEarningsAccumulatedLosses 2024-06-30 12706514 core:ShareCapital 2024-06-30 12706514 core:CurrentFinancialInstruments 2024-06-30 12706514 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12706514 core:OtherResidualIntangibleAssets 2024-06-30 12706514 core:LandBuildings 2024-06-30 12706514 core:OtherPropertyPlantEquipment 2024-06-30 12706514 bus:SmallEntities 2023-07-01 2024-06-30 12706514 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12706514 bus:FilletedAccounts 2023-07-01 2024-06-30 12706514 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12706514 bus:RegisteredOffice 2023-07-01 2024-06-30 12706514 bus:Director1 2023-07-01 2024-06-30 12706514 bus:Director2 2023-07-01 2024-06-30 12706514 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12706514 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 12706514 core:LandBuildings 2023-07-01 2024-06-30 12706514 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 12706514 countries:AllCountries 2023-07-01 2024-06-30 12706514 2023-06-30 12706514 core:OtherResidualIntangibleAssets 2023-06-30 12706514 core:LandBuildings 2023-06-30 12706514 core:OtherPropertyPlantEquipment 2023-06-30 12706514 2022-07-01 2023-06-30 12706514 2023-06-30 12706514 core:CurrentFinancialInstruments 2023-06-30 12706514 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12706514 core:OtherResidualIntangibleAssets 2023-06-30 12706514 core:LandBuildings 2023-06-30 12706514 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 12706514

Cockle Beach Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Cockle Beach Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Cockle Beach Ltd

Company Information

Directors

PG Seddon

Mrs C Beavis

Registered office

Unit 4A Westpark 26
Chelston
Wellington
Somerset
TA21 9AD

Accountants

M.J. Smith & Co Limited
11 Yeo Business Park Axehayes Farm
Clyst St. Mary
Exeter
Devon
EX5 1DP

 

Cockle Beach Ltd

(Registration number: 12706514)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

fixed assets

 

Intangible assets

6

250

500

tangible assets

7

519,208

519,638

 

519,458

520,138

Current assets

 

Debtors

8

1

-

Cash at bank and in hand

 

186

900

 

187

900

Creditors: Amounts falling due within one year

9

(519,855)

(516,523)

Net current liabilities

 

(519,668)

(515,623)

Net (liabilities)/assets

 

(210)

4,515

capital and reserves

 

Called up share capital

100

100

Profit and loss account

(310)

4,415

Total equity

 

(210)

4,515

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
PG Seddon
Director

 

Cockle Beach Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Unit 4A Westpark 26
Chelston
Wellington
Somerset
TA21 9AD
United Kingdom

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
 

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cockle Beach Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cockle Beach Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

430

(12,375)

Amortisation expense

250

250

5

Taxation on profits on ordinary activities

Note

2024
£

2023
 £

Tax reconciliation

 

 

-

-

 

Cockle Beach Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

1,000

1,000

At 30 June 2024

1,000

1,000

Amortisation

At 1 July 2023

500

500

Amortisation charge

250

250

At 30 June 2024

750

750

Carrying amount

At 30 June 2024

250

250

At 30 June 2023

500

500

7

Tangible assets

Land and buildings
£

Other property, plant and equipment
£

Total
£

Cost or valuation

At 1 July 2023

517,918

2,967

520,885

At 30 June 2024

517,918

2,967

520,885

Depreciation

At 1 July 2023

-

1,247

1,247

Charge for the year

-

430

430

At 30 June 2024

-

1,677

1,677

Carrying amount

At 30 June 2024

517,918

1,290

519,208

At 30 June 2023

517,918

1,720

519,638

Included within the net book value of land and buildings above is £517,918 (2023 - £517,918) in respect of freehold land and buildings.
 

 

Cockle Beach Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Debtors

Current

2024
£

2023
£

Other debtors

1

-

 

1

-

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10

50

50

Amounts owed to group undertakings and undertakings in which the company has a participating interest

515,000

515,000

Accruals and deferred income

 

805

1,470

Other creditors

 

4,000

-

Director's current account

 

-

3

 

519,855

516,523

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

50

50