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REGISTERED NUMBER: 10761299 (England and Wales)















Harbour Ice Padstow Limited

Unaudited Financial Statements

for the Period 1 June 2023 to 31 July 2024






Harbour Ice Padstow Limited (Registered number: 10761299)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Harbour Ice Padstow Limited

Company Information
for the Period 1 June 2023 to 31 July 2024







Directors: John Doodson
Elaine Frances Doodson





Registered office: 8 Broad Street
Padstow
Cornwall
PL28 8BS





Registered number: 10761299 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Harbour Ice Padstow Limited (Registered number: 10761299)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 85,000 85,000
Tangible assets 5 7,553 5,794
92,553 90,794

Current assets
Stocks 6,500 3,500
Debtors 6 134,097 73,552
Cash at bank and in hand 51,702 102,284
192,299 179,336
Creditors
Amounts falling due within one year 7 110,753 83,184
Net current assets 81,546 96,152
Total assets less current liabilities 174,099 186,946

Creditors
Amounts falling due after more than
one year

8

-

(8,000

)

Provisions for liabilities 9 (1,888 ) (1,449 )
Net assets 172,211 177,497

Harbour Ice Padstow Limited (Registered number: 10761299)

Statement of Financial Position - continued
31 July 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 10 100 100
Other reserves - 1,200
Retained earnings 172,111 176,197
Shareholders' funds 172,211 177,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

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:





John Doodson - Director


Harbour Ice Padstow Limited (Registered number: 10761299)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 July 2024

1. Statutory information

Harbour Ice Padstow Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received for ice cream and related product sales during the year.

Goodwill
Amortisation has not been provided for by the company, as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for, the charge for the year would have been £8,500 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Harbour Ice Padstow Limited (Registered number: 10761299)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 2024

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current period.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period end and that are expected to apply to the reversal of the timing difference.

3. Employees and directors

The average number of employees during the period was 5 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 July 2024 85,000
Net book value
At 31 July 2024 85,000
At 31 May 2023 85,000

Harbour Ice Padstow Limited (Registered number: 10761299)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 2024

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 June 2023 15,341
Additions 3,889
At 31 July 2024 19,230
Depreciation
At 1 June 2023 9,547
Charge for period 2,130
At 31 July 2024 11,677
Net book value
At 31 July 2024 7,553
At 31 May 2023 5,794

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 134,097 73,552

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 7,327 4,000
Trade creditors 27,737 19,180
Taxation and social security 59,927 42,866
Other creditors 15,762 17,138
110,753 83,184

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan - 8,000

Harbour Ice Padstow Limited (Registered number: 10761299)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 July 2024

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,888 1,449

Deferred
tax
£   
Balance at 1 June 2023 1,449
Provided during period 439
Balance at 31 July 2024 1,888

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 31 July 2024 and the year ended 31 May 2023:

2024 2023
£    £   
John Doodson and Elaine Frances Doodson
Balance outstanding at start of period 69,720 49,200
Amounts advanced 226,172 20,520
Amounts repaid (185,790 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 110,102 69,720