Silverfin false false 31/10/2024 01/11/2023 31/10/2024 A J Molavi 27/09/2001 D K W Simmons 27/09/2001 V L Strongman 27/09/2001 25 April 2025 The principal activity of the company is that of property management. 04294922 2024-10-31 04294922 bus:Director1 2024-10-31 04294922 bus:Director2 2024-10-31 04294922 bus:Director3 2024-10-31 04294922 2023-10-31 04294922 core:CurrentFinancialInstruments 2024-10-31 04294922 core:CurrentFinancialInstruments 2023-10-31 04294922 core:ShareCapital 2024-10-31 04294922 core:ShareCapital 2023-10-31 04294922 core:RetainedEarningsAccumulatedLosses 2024-10-31 04294922 core:RetainedEarningsAccumulatedLosses 2023-10-31 04294922 core:Goodwill 2023-10-31 04294922 core:Goodwill 2024-10-31 04294922 core:LandBuildings 2023-10-31 04294922 core:OtherPropertyPlantEquipment 2023-10-31 04294922 core:LandBuildings 2024-10-31 04294922 core:OtherPropertyPlantEquipment 2024-10-31 04294922 core:CostValuation 2023-10-31 04294922 core:DisposalsRepaymentsInvestments 2024-10-31 04294922 core:CostValuation 2024-10-31 04294922 2023-11-01 2024-10-31 04294922 bus:FilletedAccounts 2023-11-01 2024-10-31 04294922 bus:SmallEntities 2023-11-01 2024-10-31 04294922 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04294922 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04294922 bus:Director1 2023-11-01 2024-10-31 04294922 bus:Director2 2023-11-01 2024-10-31 04294922 bus:Director3 2023-11-01 2024-10-31 04294922 core:Goodwill core:TopRangeValue 2023-11-01 2024-10-31 04294922 core:LandBuildings core:TopRangeValue 2023-11-01 2024-10-31 04294922 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-11-01 2024-10-31 04294922 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 04294922 2022-11-01 2023-10-31 04294922 core:LandBuildings 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 04294922 (England and Wales)

BOURNECOAST LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

BOURNECOAST LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

BOURNECOAST LIMITED

BALANCE SHEET

As at 31 October 2024
BOURNECOAST LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 13,149 14,125
Investments 5 0 10
13,149 14,135
Current assets
Stocks 300 300
Debtors 6 6,847 4,298
Cash at bank and in hand 379,365 383,555
386,512 388,153
Creditors: amounts falling due within one year 7 ( 264,880) ( 250,461)
Net current assets 121,632 137,692
Total assets less current liabilities 134,781 151,827
Provision for liabilities ( 3,508) ( 3,261)
Net assets 131,273 148,566
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 130,273 147,566
Total shareholders' funds 131,273 148,566

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bournecoast Limited (registered number: 04294922) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

D K W Simmons
Director
BOURNECOAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
BOURNECOAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bournecoast Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 26 Southbourne Grove, Southbourne, Bournemouth, BH6 3RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts and after eliminating sales within the company.

The company recognises when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 3 years straight line
15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stock of stationery is valued at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 13

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 250,000 250,000
At 31 October 2024 250,000 250,000
Accumulated amortisation
At 01 November 2023 250,000 250,000
At 31 October 2024 250,000 250,000
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 November 2023 14,108 129,095 143,203
Additions 0 1,202 1,202
At 31 October 2024 14,108 130,297 144,405
Accumulated depreciation
At 01 November 2023 14,108 114,970 129,078
Charge for the financial year 0 2,178 2,178
At 31 October 2024 14,108 117,148 131,256
Net book value
At 31 October 2024 0 13,149 13,149
At 31 October 2023 0 14,125 14,125

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 10 10
Disposals ( 10) ( 10)
At 31 October 2024 0 0
Carrying value at 31 October 2024 0 0
Carrying value at 31 October 2023 10 10

6. Debtors

2024 2023
£ £
Other debtors 6,847 4,298

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 5,217 5,866
Taxation and social security 61,050 55,895
Other creditors 198,613 188,700
264,880 250,461

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 28,576 41,897