Little River Devon Limited 15058623 false 2023-08-08 2024-08-31 2024-08-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true 15058623 2023-08-08 2024-08-31 15058623 2024-08-31 15058623 core:CurrentFinancialInstruments 2024-08-31 15058623 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 15058623 core:Non-currentFinancialInstruments 2024-08-31 15058623 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 15058623 core:AdditionsToInvestments 2024-08-31 15058623 1 2024-08-31 15058623 bus:SmallEntities 2023-08-08 2024-08-31 15058623 bus:AuditExemptWithAccountantsReport 2023-08-08 2024-08-31 15058623 bus:FilletedAccounts 2023-08-08 2024-08-31 15058623 bus:SmallCompaniesRegimeForAccounts 2023-08-08 2024-08-31 15058623 bus:RegisteredOffice 2023-08-08 2024-08-31 15058623 bus:Director1 2023-08-08 2024-08-31 15058623 bus:PrivateLimitedCompanyLtd 2023-08-08 2024-08-31 15058623 core:Subsidiary1 2023-08-08 2024-08-31 15058623 core:Subsidiary1 1 2023-08-08 2024-08-31 15058623 core:Subsidiary1 countries:EnglandWales 2023-08-08 2024-08-31 15058623 countries:EnglandWales 2023-08-08 2024-08-31 15058623 1 2023-08-08 2024-08-31 15058623 1 2023-08-07 iso4217:GBP xbrli:pure

Registration number: 15058623

Little River Devon Limited

Unaudited Filleted Financial Statements

for the Period from 8 August 2023 to 31 August 2024

 

Little River Devon Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Little River Devon Limited

(Registration number: 15058623)
Statement of Financial Position as at 31 August 2024

Note

2024
£

Fixed assets

 

Investments

4

148,058

Current assets

 

Cash at bank and in hand

 

144

Creditors: Amounts falling due within one year

5

(115,295)

Net current liabilities

 

(115,151)

Total assets less current liabilities

 

32,907

Creditors: Amounts falling due after more than one year

5

(33,563)

Net liabilities

 

(656)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(756)

Shareholders' deficit

 

(656)

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 


Mr C E Ashington-Hall
Director

 

Little River Devon Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Petitor House
Nicholson Road
Torquay
Devon
TQ2 7TD

Principal activity

The principal activity of the company is that of a holding company.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small company..

 

Little River Devon Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Little River Devon Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2023 to 31 August 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Investments

2024
£

Investments in subsidiaries

148,058

Subsidiaries

£

Cost or valuation

Additions

148,058

Provision

Carrying amount

At 31 August 2024

148,058

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Little River Devon Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2023 to 31 August 2024 (continued)

4

Investments (continued)

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Tonto Marine Ltd

Petitor House
Nicholson Road
Torquay
TQ2 7TD

England and Wales

Ordinary shares

100%

Subsidiary undertakings

Tonto Marine Ltd

The principal activity of Tonto Marine Ltd is marine engineering..

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

7

28,728

Accruals and deferred income

 

600

Other creditors

 

85,967

 

115,295

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

33,563

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Little River Devon Limited

Notes to the Unaudited Financial Statements for the Period from 8 August 2023 to 31 August 2024 (continued)

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

33,563

Current loans and borrowings

2024
£

Other borrowings

28,728

8

Related party transactions

Transactions with directors

2024

At 8 August 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Directors

-

100

(86,067)

(85,967)