IRIS Accounts Production v25.1.0.734 07668153 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false 926877 129552 122092 150773 16987 1207202 821772 926877 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076681532023-11-30076681532024-11-30076681532023-12-012024-11-30076681532022-11-30076681532022-12-012023-11-30076681532023-11-3007668153ns15:EnglandWales2023-12-012024-11-3007668153ns14:PoundSterling2023-12-012024-11-3007668153ns10:Director12023-12-012024-11-3007668153ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007668153ns10:SmallEntities2023-12-012024-11-3007668153ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3007668153ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007668153ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007668153ns10:AbridgedAccounts2023-12-012024-11-3007668153ns10:Director2422023-11-3007668153ns10:Director2422022-11-3007668153ns10:Director2422023-12-012024-11-3007668153ns10:Director2422022-12-012023-11-3007668153ns10:Director2422024-11-3007668153ns10:Director2422023-11-3007668153ns10:Director22023-12-012024-11-3007668153ns10:RegisteredOffice2023-12-012024-11-3007668153ns5:CurrentFinancialInstruments2024-11-3007668153ns5:CurrentFinancialInstruments2023-11-3007668153ns5:Non-currentFinancialInstruments2024-11-3007668153ns5:Non-currentFinancialInstruments2023-11-3007668153ns5:ShareCapital2024-11-3007668153ns5:ShareCapital2023-11-3007668153ns5:RevaluationReserve2024-11-3007668153ns5:RevaluationReserve2023-11-3007668153ns5:RetainedEarningsAccumulatedLosses2024-11-3007668153ns5:RetainedEarningsAccumulatedLosses2023-11-3007668153ns5:PlantMachinery2023-12-012024-11-3007668153ns5:Secured2024-11-3007668153ns5:Secured2023-11-3007668153ns5:RevaluationReserve2023-11-30076681531ns10:Director12023-11-30076681531ns10:Director12022-11-30076681531ns10:Director12023-12-012024-11-30076681531ns10:Director12022-12-012023-11-30076681531ns10:Director12024-11-30076681531ns10:Director12023-11-30
REGISTERED NUMBER: 07668153 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

St Annes Beach Huts Limited

St Annes Beach Huts Limited (Registered number: 07668153)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


St Annes Beach Huts Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S G Robertson
Mrs Z Robertson





REGISTERED OFFICE: The Island
South Promenade
Lytham St. Annes
Lancashire
FY8 1LS





REGISTERED NUMBER: 07668153 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

St Annes Beach Huts Limited (Registered number: 07668153)

Abridged Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,044,276 3,083,111

CURRENT ASSETS
Cash at bank 80,172 76,472

CREDITORS
Amounts falling due within one year 926,074 1,046,269
NET CURRENT LIABILITIES (845,902 ) (969,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,198,374

2,113,314

CREDITORS
Amounts falling due after more than one
year

(1,230,688

)

(1,230,688

)

PROVISIONS FOR LIABILITIES (197,896 ) (207,192 )
NET ASSETS 769,790 675,434

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 6 341,657 341,657
Retained earnings 426,133 331,777
SHAREHOLDERS' FUNDS 769,790 675,434

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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





Mr S G Robertson - Director


St Annes Beach Huts Limited (Registered number: 07668153)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

St Annes Beach Huts 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 as modified by the revaluation of certain assets.

Turnover
Turnover is recoginsed at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of trade discounts, rebates and VAT. Revenue is recognised in line with the date of stay, any deposits or vouchers paid for in advance are deferred on the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and Straight line over 20 years

Freehold land and buildings are initially stated at cost and subsequently at valuation. Fixtures and fittings are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

Assets that have been revalued are subject to subsequent revaluations performed with sufficient regularity to ensure that the carrying amount does not differ materially from the fair value at the balance sheet date. The valuations are performed by a qualified external valuer.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

St Annes Beach Huts Limited (Registered number: 07668153)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 December 2023 3,274,941
Additions 6,334
At 30 November 2024 3,281,275
DEPRECIATION
At 1 December 2023 191,830
Charge for year 45,169
At 30 November 2024 236,999
NET BOOK VALUE
At 30 November 2024 3,044,276
At 30 November 2023 3,083,111

Cost or valuation at 30 November 2024 is represented by:

Totals
£   
Valuation in 2023 455,543
Cost 2,825,732
3,281,275

Freehold property was valued on an open market basis on 3 May 2022 by Christie & Co .

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,230,688 1,230,688
Hire purchase contracts - 3,805
1,230,688 1,234,493

6. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 341,657

St Annes Beach Huts Limited (Registered number: 07668153)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr S G Robertson and Mrs Z Robertson
Balance outstanding at start of year (926,877 ) 129,552
Amounts advanced 122,092 150,773
Amounts repaid (16,987 ) (1,207,202 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (821,772 ) (926,877 )

Interest is charged on overdrawn balances at the beneficial rate.