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ENERGY COAST PROPERTIES LIMITED

Registered Number
11116450
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

ENERGY COAST PROPERTIES LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

RUDDICK, Ian

Registered Address

Shiloh,
Rheda Park
Frizington
CA26 3TA

Registered Number

11116450 (England and Wales)
ENERGY COAST PROPERTIES LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3184,169116,805
184,169116,805
Current assets
Debtors4-365
Cash at bank and on hand9,4676,281
9,4676,646
Creditors amounts falling due within one year5(165,305)(107,387)
Net current assets (liabilities)(155,838)(100,741)
Total assets less current liabilities28,33116,064
Net assets28,33116,064
Capital and reserves
Called up share capital100100
Profit and loss account28,23115,964
Shareholders' funds28,33116,064
The financial statements were approved and authorised for issue by the Director on 28 February 2025, and are signed on its behalf by:
RUDDICK, Ian
Director
Registered Company No. 11116450
ENERGY COAST PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 January 24116,805
Additions67,364
At 31 December 24184,169
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income-365
Total-365
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,8162,723
Other creditors160,794103,994
Accrued liabilities and deferred income695670
Total165,305107,387