Company No: 14776129 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.04.2024
		£
Fixed assets
Investment property	3	5,000
		5,000
Current assets
Debtors	4	2,310
		2,310
Creditors: amounts falling due within one year	5	( 13,680)
Net current liabilities		(11,370)
Total assets less current liabilities		(6,370)
Net liabilities		( 6,370)
Capital and reserves
Called-up share capital	6	102
Profit and loss account		( 6,472 )
Total shareholders' deficit		( 6,370)

For the financial period ending 30 April 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 financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Streda Coastal Limited (registered number: 14776129) were approved and authorised for issue by the Board of Directors on 03 April 2025. They were signed on its behalf by:

Mrs K M Seaborne Director

1. Accounting policies

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

General information and basis of accounting

Streda Coastal 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 90 Victoria St, Redcliffe, Bristol, United Kingdom. The principal place of business is Widemouth Manor, Marine Drive, Widemouth Bay, Bude, 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 £6,370. 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	Period from 03.04.2023 to 30.04.2024
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Investment property

	Investment property
	£
Valuation
As at 03 April 2023	0
Additions	5,000
As at 30 April 2024	5,000

4. Debtors

	30.04.2024
	£
Other debtors	2,310

5. Creditors: amounts falling due within one year

	30.04.2024
	£
Amounts owed to directors	7,330
Accruals	1,350
Other creditors	5,000
	13,680

Included within other creditors is a loan of £5,000 due to KDKS Properties Limited. This is a company under common control. The loan is interest free and has no fixed date of repayment.

6. Called-up share capital

	30.04.2024
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100
2 Ordinary A shares of £ 1.00 each	2
	102