Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Miss A Smith 13/06/2022 Mr R Spare 13/06/2022 19 March 2025 The company's principal activity for the year was that of hotels and similar accommodation. 14167177 2024-06-30 14167177 bus:Director1 2024-06-30 14167177 bus:Director2 2024-06-30 14167177 2023-06-30 14167177 core:CurrentFinancialInstruments 2024-06-30 14167177 core:CurrentFinancialInstruments 2023-06-30 14167177 core:Non-currentFinancialInstruments 2024-06-30 14167177 core:Non-currentFinancialInstruments 2023-06-30 14167177 core:ShareCapital 2024-06-30 14167177 core:ShareCapital 2023-06-30 14167177 core:RetainedEarningsAccumulatedLosses 2024-06-30 14167177 core:RetainedEarningsAccumulatedLosses 2023-06-30 14167177 core:Goodwill 2023-06-30 14167177 core:Goodwill 2024-06-30 14167177 core:LandBuildings 2023-06-30 14167177 core:PlantMachinery 2023-06-30 14167177 core:FurnitureFittings 2023-06-30 14167177 core:LandBuildings 2024-06-30 14167177 core:PlantMachinery 2024-06-30 14167177 core:FurnitureFittings 2024-06-30 14167177 core:CurrentFinancialInstruments core:Secured 2024-06-30 14167177 2023-07-01 2024-06-30 14167177 bus:FilletedAccounts 2023-07-01 2024-06-30 14167177 bus:SmallEntities 2023-07-01 2024-06-30 14167177 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14167177 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14167177 bus:Director1 2023-07-01 2024-06-30 14167177 bus:Director2 2023-07-01 2024-06-30 14167177 core:Goodwill core:TopRangeValue 2023-07-01 2024-06-30 14167177 core:LandBuildings 2023-07-01 2024-06-30 14167177 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 14167177 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 14167177 2022-06-13 2023-06-30 14167177 core:Goodwill 2023-07-01 2024-06-30 14167177 core:PlantMachinery 2023-07-01 2024-06-30 14167177 core:FurnitureFittings 2023-07-01 2024-06-30 14167177 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 14167177 (England and Wales)

ACQUA BEACH LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ACQUA BEACH LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ACQUA BEACH LIMITED

BALANCE SHEET

As at 30 June 2024
ACQUA BEACH LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Intangible assets 3 349,530 392,771
Tangible assets 4 51,891 52,664
401,421 445,435
Current assets
Debtors 5 8,596 9,623
Cash at bank and in hand 17,712 12,548
26,308 22,171
Creditors: amounts falling due within one year 6 ( 333,194) ( 304,638)
Net current liabilities (306,886) (282,467)
Total assets less current liabilities 94,535 162,968
Creditors: amounts falling due after more than one year 7 ( 253,541) ( 261,977)
Net liabilities ( 159,006) ( 99,009)
Capital and reserves
Called-up share capital 102 102
Profit and loss account ( 159,108 ) ( 99,111 )
Total shareholders' deficit ( 159,006) ( 99,009)

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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Acqua Beach Limited (registered number: 14167177) were approved and authorised for issue by the Board of Directors on 19 March 2025. They were signed on its behalf by:

Miss A Smith
Director
Mr R Spare
Director
ACQUA BEACH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ACQUA BEACH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Acqua Beach Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £159,006. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 % reducing balance
Plant and machinery 5 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

Year ended
30.06.2024
Period from
13.06.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 432,408 432,408
At 30 June 2024 432,408 432,408
Accumulated amortisation
At 01 July 2023 39,637 39,637
Charge for the financial year 43,241 43,241
At 30 June 2024 82,878 82,878
Net book value
At 30 June 2024 349,530 349,530
At 30 June 2023 392,771 392,771

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 July 2023 1 471 56,847 57,319
Additions 0 0 5,251 5,251
At 30 June 2024 1 471 62,098 62,570
Accumulated depreciation
At 01 July 2023 0 86 4,569 4,655
Charge for the financial year 0 94 5,930 6,024
At 30 June 2024 0 180 10,499 10,679
Net book value
At 30 June 2024 1 291 51,599 51,891
At 30 June 2023 1 385 52,278 52,664

5. Debtors

30.06.2024 30.06.2023
£ £
Trade debtors 896 1,923
Other debtors 7,700 7,700
8,596 9,623

6. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Bank loans (secured) 8,218 7,724
Trade creditors 11,814 10,803
Other taxation and social security 8,755 3,492
Other creditors 304,407 282,619
333,194 304,638

7. Creditors: amounts falling due after more than one year

30.06.2024 30.06.2023
£ £
Bank loans (secured) 253,541 261,977

The bank loan is secured against the property held by the Company.

8. Financial commitments

Commitments

Capital commitments are as follows:

30.06.2024 30.06.2023
£ £
Contracted for but not provided for:
Other 1,047,200 1,078,000

The total amount of financial commitments not included in the balance sheet is £1,047,200 (2023 - £1,078,000). This relates to a non-cancellable operating lease over the business premises.

9. Related party transactions

Transactions with the entity's directors

During the year the directors maintained an interest-free loan with the company which is repayable on demand. At the balance sheet date, the amount due from the company was £302,686. (2023 - £281,006)