Company Registration No. 14174589 (England and Wales)
Talland Bay (Holdings) Ltd
Unaudited accounts
for the year ended 31 March 2025
Talland Bay (Holdings) Ltd
Company Information
for the year ended 31 March 2025
Directors
Mrs S L Hughes
Mrs L Wild
Mr C Wild
Company Number
14174589 (England and Wales)
Registered Office
The Holiday Complex
Talland Bay
Looe
PL13 2JA
United Kingdom
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Talland Bay (Holdings) Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
629,164
629,164
Investments
169,463
169,463
Cash at bank and in hand
15
13
Creditors: amounts falling due within one year
(492,746)
(554,200)
Net current liabilities
(446,440)
(500,682)
Total assets less current liabilities
352,187
297,945
Creditors: amounts falling due after more than one year
(350,024)
(350,000)
Net assets/(liabilities)
2,163
(52,055)
Called up share capital
140
100
Profit and loss account
2,023
(52,155)
Shareholders' funds
2,163
(52,055)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by
Mr C Wild
Director
Company Registration No. 14174589
Talland Bay (Holdings) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Talland Bay (Holdings) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14174589. The registered office is The Holiday Complex, Talland Bay, Looe, PL13 2JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in subsidiary undertakings are stated at cost less any provision for impairment. Cost represents the fair value of the consideration given, including any directly attributable costs. Where there is objective evidence that the carrying value of an investment is impaired, a provision is made to reduce the carrying amount to its recoverable amount.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings
Talland Bay (Holdings) Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
169,463
Valuation at 31 March 2025
169,463
At the balance sheet date, the company held investments in the following subsidiary undertakings, all of which are incorporated in the United Kingdom.
The company holds 100% of the ordinary share capital of Talland Bay Ltd, whose principal activity is holiday accommodation.
It also holds 100% of the ordinary share capital of Looe Self Drive Boat Hire Ltd, whose principal activity is boat rental.
Both subsidiary undertakings are included in the consolidation of the group financial statements. However, the company has taken the exemption from preparing consolidated accounts under section 399 of the Companies Act 2006, as it qualifies as a small parent company.
The investments in subsidiaries are measured at cost.
Amounts falling due within one year
Other debtors
46,291
53,505
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
492,746
554,200
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
350,024
350,000
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).