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Registration number: 00767328

Coastal Holdings (S.C.) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Coastal Holdings (S.C.) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Coastal Holdings (S.C.) Limited

Company Information

Directors

Mr GM Sheppard

Mrs SE Sheppard

Mr TG Sheppard

Ms JJ Sheppard

Ms NS Sheppard

Registered office

1 Blatchington Road
Hove
East Sussex
BN3 3YP

Accountants

Durston Gibb
Chartered Accountants1 Blatchington Road
Hove
East Sussex
BN3 3YP

 

Coastal Holdings (S.C.) Limited

(Registration number: 00767328)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

542,565

542,565

Current assets

 

Debtors

5

38,360

38,360

Cash at bank and in hand

 

62,483

63,560

 

100,843

101,920

Creditors: Amounts falling due within one year

6

(70,849)

(70,829)

Net current assets

 

29,994

31,091

Net assets

 

572,559

573,656

Capital and reserves

 

Called up share capital

7

21

21

Share premium reserve

251

251

Retained earnings

572,287

573,384

Shareholders' funds

 

572,559

573,656

For the financial year ending 30 September 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 year 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 Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

 

Coastal Holdings (S.C.) Limited

(Registration number: 00767328)
Balance Sheet as at 30 September 2024

.........................................
Mr GM Sheppard
Director

 

Coastal Holdings (S.C.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
1 Blatchington Road
Hove
East Sussex
BN3 3YP
United Kingdom

These financial statements were authorised for issue by the Board on 20 June 2025.

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.

Investments

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit and loss account.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

 

Coastal Holdings (S.C.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Investments

2024
£

2023
£

Investments in associates

542,565

542,565

Associates

£

Cost

At 1 October 2023

542,565

Provision

Carrying amount

At 30 September 2024

542,565

At 30 September 2023

542,565

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

38,360

38,360

   

38,360

38,360

 

Coastal Holdings (S.C.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,013

993

Other creditors

69,836

69,836

70,849

70,829

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

21

21

21

21