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REGISTERED NUMBER: 11416852 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Love Croyde Limited

Love Croyde Limited (Registered number: 11416852)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Love Croyde Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G E Pickard
Mrs V M Pickard





REGISTERED OFFICE: 4 Magnolia Close
Hertford
Hertfordshire
SG13 7UR





REGISTERED NUMBER: 11416852 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Love Croyde Limited (Registered number: 11416852)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,665 12,786
Investment property 6 700,000 631,231
707,665 644,017

CURRENT ASSETS
Cash at bank 48,237 46,639

CREDITORS
Amounts falling due within one year 7 677,364 673,942
NET CURRENT LIABILITIES (629,127 ) (627,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,538

16,714

PROVISIONS FOR LIABILITIES 1,456 2,429
NET ASSETS 77,082 14,285

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 140 140
Retained earnings 76,942 14,145
77,082 14,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Love Croyde Limited (Registered number: 11416852)

Statement of Financial Position - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





G E Pickard - Director


Love Croyde Limited (Registered number: 11416852)

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

1. STATUTORY INFORMATION

Love Croyde 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Love Croyde Limited (Registered number: 11416852)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 24,937 4,940 29,877
DEPRECIATION
At 1 July 2023 15,109 1,982 17,091
Charge for year 3,974 1,147 5,121
At 30 June 2024 19,083 3,129 22,212
NET BOOK VALUE
At 30 June 2024 5,854 1,811 7,665
At 30 June 2023 9,828 2,958 12,786

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 631,231
Revaluations 68,769
At 30 June 2024 700,000
NET BOOK VALUE
At 30 June 2024 700,000
At 30 June 2023 631,231

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 700,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 675,791 672,319
Accrued expenses 1,573 1,623
677,364 673,942