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REGISTERED NUMBER: 13046585 (England and Wales)















THREE SEA HOMES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






THREE SEA HOMES LTD (REGISTERED NUMBER: 13046585)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE SEA HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S Cleary
M Cunningham (Jnr)
S Cunningham





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 13046585 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

THREE SEA HOMES LTD (REGISTERED NUMBER: 13046585)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Stocks 786,168 779,650
Debtors 4 - 235
Prepayments and accrued income 5,589 6,090
Cash at bank and in hand 222 455
791,979 786,430
CREDITORS
Amounts falling due within one year 5 816,963 808,076
NET CURRENT LIABILITIES (24,984 ) (21,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,984

)

(21,646

)

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings (25,114 ) (21,776 )
SHAREHOLDERS' FUNDS (24,984 ) (21,646 )

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

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

THREE SEA HOMES LTD (REGISTERED NUMBER: 13046585)

BALANCE SHEET - continued
30 NOVEMBER 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 9 April 2025 and were signed on its behalf by:





S Cleary - Director


THREE SEA HOMES LTD (REGISTERED NUMBER: 13046585)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Three Sea Homes Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors - 235

THREE SEA HOMES LTD (REGISTERED NUMBER: 13046585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security - (136 )
Other creditors 816,963 808,212
816,963 808,076

Other creditors includes an amount of £500,000 leant as seed funding from Ashvale Civil Engineering (Holdings) Limited, a company registered in Cardiff which is under the control of the directors. This amount has been further added to over the years and the funding now stands at £806,250.

6. RELATED PARTY DISCLOSURES

The company was incorporated on the 25th of November 2020. At incorporation the shareholders subscribed for shares in the company at par as follows:

Shares
Mr S Cunningham 40
Mr S Cleary 40
Mr M Cunningham 20
Mrs J Cunningham 10
Mrs M Cleary 10
Mrs N Cunningham 10