Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3122023-08-01falsehire of kiosks at Poole Quay2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10898489 2023-08-01 2024-07-31 10898489 2022-08-01 2023-07-31 10898489 2024-07-31 10898489 2023-07-31 10898489 c:Director1 2023-08-01 2024-07-31 10898489 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 10898489 d:Buildings d:ShortLeaseholdAssets 2024-07-31 10898489 d:Buildings d:ShortLeaseholdAssets 2023-07-31 10898489 d:FurnitureFittings 2023-08-01 2024-07-31 10898489 d:FurnitureFittings 2024-07-31 10898489 d:FurnitureFittings 2023-07-31 10898489 d:CurrentFinancialInstruments 2024-07-31 10898489 d:CurrentFinancialInstruments 2023-07-31 10898489 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10898489 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10898489 d:ShareCapital 2024-07-31 10898489 d:ShareCapital 2023-07-31 10898489 d:RetainedEarningsAccumulatedLosses 2024-07-31 10898489 d:RetainedEarningsAccumulatedLosses 2023-07-31 10898489 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 10898489 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 10898489 c:FRS102 2023-08-01 2024-07-31 10898489 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10898489 c:FullAccounts 2023-08-01 2024-07-31 10898489 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10898489 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10898489









POOLE QUAY KIOSKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
POOLE QUAY KIOSKS LIMITED
REGISTERED NUMBER: 10898489

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
8,113
11,746

Cash at bank and in hand
 6 
653
2,897

  
8,766
14,643

Creditors: amounts falling due within one year
 7 
(62,658)
(66,761)

Net current liabilities
  
 
 
(53,892)
 
 
(52,118)

Total assets less current liabilities
  
(53,892)
(52,118)

  

Net liabilities
  
(53,892)
(52,118)

Page 1

 
POOLE QUAY KIOSKS LIMITED
REGISTERED NUMBER: 10898489
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(53,992)
(52,218)

  
(53,892)
(52,118)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.




Mr. L. Whittall
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
POOLE QUAY KIOSKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The entity is a private limited company incorporated in England & Wales. The registered office is located at 11 Brandwood Court, Glenair Avenue, Poole, BH14 8AF. The principal activity is the rental of kiosks at Poole Quay.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors continue to have issues in renting out the kiosks during the year, largely due to the hesitancy of potential traders committing to agreement both following the coronavirus restrictions and in the midst of a cost of living crisis. The company is still reliant upon the loans provided by directors for working capital, and the continued position that the directors do not intend to seek repayment of those loans until the company is in a position to do so. The lease over the kiosks was extended on a rolling basis beyond the previous agreement date of September 2024. The directors therefore consider the company should be regarded as a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
POOLE QUAY KIOSKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over 5 years straight line basis
Fixtures and fittings
-
over 4 years straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
POOLE QUAY KIOSKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
2,670
1,170
3,840



At 31 July 2024

2,670
1,170
3,840



Depreciation


At 1 August 2023
2,670
1,170
3,840



At 31 July 2024

2,670
1,170
3,840



Net book value



At 31 July 2024
-
-
-



At 31 July 2023
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
-
417

Prepayments and accrued income
8,113
11,329

8,113
11,746


Page 5

 
POOLE QUAY KIOSKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
653
2,897

653
2,897



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,703
-

Other taxation and social security
36
287

Other creditors
51,074
53,374

Accruals and deferred income
8,845
13,100

62,658
66,761



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
653
2,897




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Related party transactions

Each of the directors rent one of the kiosks from this company to run their own businesses. During the period rent and utilities of £19,111 (2023 £15,450) were charged to Mr. Whittall's company, Poole Quay Fish Bar Limited and rent and utilities of £19,111 (2023 £15,450) was charged to Mr. Morgan's company, Key Ventures Limited. The rental amounts are charged as arms-length transactions. Neither of these companies owed any amounts to Poole Quay Kiosks Limited at year end.


10.


Controlling party

During the period the company was under the joint control of both directors, so no one individual had control of the company.

 
Page 6