Registered number
10892619
Saltwater 60 Management Company Ltd
Filleted Accounts
31 December 2024
Saltwater 60 Management Company Ltd
Registered number: 10892619
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 1,651 1,651
Cash at bank and in hand 25,914 21,934
27,565 23,585
Creditors: amounts falling due within one year 4 (598) (1,777)
Net current assets 26,967 21,808
Total assets less current liabilities 26,967 21,808
Creditors: amounts falling due after more than one year 5 (26,967) (21,808)
Net assets - -
Capital and reserves
Shareholder's funds - -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs B J Cobley
Director
Approved by the board on 7 March 2025
Saltwater 60 Management Company Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 1,651 1,651
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 98 1,277
Accruals 500 500
598 1,777
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - sinking fund 26,967 21,808
6 Other information
Saltwater 60 Management Company Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
26 Chichester Crescent
Newquay
TR7 2DL
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