REGISTERED NUMBER: 12226341 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2024

for

Shore Thing Holiday Lets Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs J Rose

J A Rose

REGISTERED OFFICE:

Unit 8a, Penny Hill Lane

Brampton

Rotherham

United Kingdom

S66 9BQ

REGISTERED NUMBER:

12226341 (England and Wales)

ACCOUNTANTS:

Shorts Chartered Accountants

Cedar House

63 Napier Street

Sheffield

S11 8HA

FIXED ASSETS

Tangible assets

4

7,424

10,216

Investment property

5

93,450

93,450

100,874

103,666

CURRENT ASSETS

Debtors

6

2,942

-

Cash at bank

10,544

12,037

13,486

12,037

CREDITORS

Amounts falling due within one year

7

125,623

125,087

NET CURRENT LIABILITIES

(112,137

)

(113,050

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,263

)

(9,384

)

PROVISIONS FOR LIABILITIES

8

1,047

-

NET LIABILITIES

(12,310

)

(9,384

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(12,312

)

(9,386

)

SHAREHOLDERS' FUNDS

(12,310

)

(9,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20th June 2025 and were signed on its behalf by:

Mrs J Rose - Director

1.	STATUTORY INFORMATION

Shore Thing Holiday Lets 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost and 15% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Currency presentation

The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.

Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern

The accounts have been prepared on the going concern basis. The directors have confirmed their continued support for the business and expect the company to return to profitability in the near future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st October 2023

and 30th September 2024

18,560

849

19,409

DEPRECIATION

At 1st October 2023

8,352

841

9,193

Charge for year

2,784

8

2,792

At 30th September 2024

11,136

849

11,985

NET BOOK VALUE

At 30th September 2024

7,424

-

7,424

At 30th September 2023

10,208

8

10,216

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st October 2023

and 30th September 2024

93,450

NET BOOK VALUE

At 30th September 2024

93,450

At 30th September 2023

93,450

The 2024 valuations were made by the directors, on an open market value for existing use basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,942

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

454

609

Other creditors

125,169

124,478

125,623

125,087

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,047

-

Deferred

tax

£

Charge to Statement of Comprehensive Income during year

1,047

Balance at 30th September 2024

1,047

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30th September 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Shorts Chartered Accountants

Cedar House

63 Napier Street

Sheffield

S11 8HA

20th June 2025