Company Registration No. 14263597 (England and Wales)
Cleethorpes Coastal Lettings Ltd
Unaudited accounts
for the year ended 31 July 2024
Cleethorpes Coastal Lettings Ltd
Unaudited accounts
Contents
Cleethorpes Coastal Lettings Ltd
Company Information
for the year ended 31 July 2024
Company Number
14263597 (England and Wales)
Registered Office
Westlands
111 Oxford Street
Cleethorpes
N E Lincs
DN35 0BJ
England
Accountants
LRCA Limited
McCue House
70 Wilton Road
Grimsby
N E Lincs
DN36 4AW
Cleethorpes Coastal Lettings Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
102,383
96,829
Cash at bank and in hand
12,581
10,882
Creditors: amounts falling due within one year
(44,914)
(45,699)
Net current liabilities
(29,788)
(31,011)
Total assets less current liabilities
72,595
65,818
Creditors: amounts falling due after more than one year
(65,380)
(65,324)
Provisions for liabilities
Deferred tax
(1,920)
(1,002)
Net assets/(liabilities)
5,295
(508)
Called up share capital
170
170
Revaluation reserve
3,602
362
Profit and loss account
1,523
(1,040)
Shareholders' funds
5,295
(508)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2025 and were signed on its behalf by
Julie Smith
Director
Company Registration No. 14263597
Cleethorpes Coastal Lettings Ltd
Notes to the Accounts
for the year ended 31 July 2024
Cleethorpes Coastal Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14263597. The registered office is Westlands, 111 Oxford Street, Cleethorpes, N E Lincs, DN35 0BJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Land and buildings are carried at a revalued amount being their fair value at the date of revaluation less depreciation and impairment. Plant and machinery and computer equipment are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
3 Years Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cleethorpes Coastal Lettings Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 August 2023
92,000
5,635
-
97,635
Additions
-
2,124
813
2,937
Revaluations
4,000
-
-
4,000
At 31 July 2024
96,000
7,759
813
104,572
At 1 August 2023
-
806
-
806
Charge for the year
-
1,293
90
1,383
At 31 July 2024
-
2,099
90
2,189
At 31 July 2024
96,000
5,660
723
102,383
At 31 July 2023
92,000
4,829
-
96,829
Carrying amount of land and buildings on cost basis
91,553
91,553
Land and Buildings were valued on an open market basis on 31st July 2024 by the director. Valuation was based on the sale of similar properties, in a similar location and condition.
Amounts falling due within one year
Accrued income and prepayments
1,372
1,843
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
42,835
40,473
7
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
65,380
65,324
Loans are secured against the assets to which they relate.
Cleethorpes Coastal Lettings Ltd
Notes to the Accounts
for the year ended 31 July 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,075
917
Revaluation of land and buildings
845
85
Provision at start of year
1,002
-
Charged to the profit and loss account
158
917
Charged to other comprehensive income
760
85
Provision at end of year
1,920
1,002
9
Transactions with related parties
At the end of the period the company owed £42,835 to it's director (2023: £40,473). The loan is repayable on demand and interest free.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).