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REGISTERED NUMBER: 06517124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EASTBOURNE RIVIERA LTD

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTBOURNE RIVIERA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: V Pilat
D Pilat





SECRETARY: D Pilat





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





BUSINESS ADDRESS: 26 Marine Parade
Eastbourne
East Sussex
BN22 7AY





REGISTERED NUMBER: 06517124 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 37,500
Tangible assets 5 1,031,032 1,041,607
1,061,032 1,079,107

CURRENT ASSETS
Stocks 2,280 2,345
Debtors 6 1,950 3,029
Cash at bank 55,994 63,809
60,224 69,183
CREDITORS
Amounts falling due within one year 7 54,003 56,629
NET CURRENT ASSETS 6,221 12,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,253

1,091,661

CREDITORS
Amounts falling due after more than
one year

8

1,568,907

1,538,945
NET LIABILITIES (501,654 ) (447,284 )

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (501,754 ) (447,384 )
SHAREHOLDERS' FUNDS (501,654 ) (447,284 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




V Pilat - Director



D Pilat - Director


EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Eastbourne Riviera Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the basis the company will continue to be a going concern.

At the date of approval of the financial statements, the directors and shareholders are committed to supporting the company through the continual provision of existing loan facilities.

Turnover
Turnover represents net invoiced sale of services and related items, excluding value added tax. Income is recognised at the point when services and goods are provided rather than at the point of booking.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 15% on reducing balance

It was considered whether there were any adverse market or legal changes which could materially reduce the likely recoverable value of the freehold property, or whether there was any evidence of physical deterioration or damage. Having considered the facts, the directors are of the opinion that the potential residual value of the property will not be less than the values as shown in the company's accounts and as such depreciation should not be charged against the company's freehold property. It was furthermore decided that the hotel building should continue to be carried at historic cost.

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual rights to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023 112,500
Charge for year 7,500
At 30 September 2024 120,000
NET BOOK VALUE
At 30 September 2024 30,000
At 30 September 2023 37,500

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 964,982 434,597 1,399,579
Additions - 1,138 1,138
At 30 September 2024 964,982 435,735 1,400,717
DEPRECIATION
At 1 October 2023 - 357,972 357,972
Charge for year - 11,713 11,713
At 30 September 2024 - 369,685 369,685
NET BOOK VALUE
At 30 September 2024 964,982 66,050 1,031,032
At 30 September 2023 964,982 76,625 1,041,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 670 1,475
Other debtors 1,280 1,554
1,950 3,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,500 5,500
Trade creditors 2,890 1,026
Taxation and social security 23,758 27,637
Other creditors 21,855 22,466
54,003 56,629

EASTBOURNE RIVIERA LTD (REGISTERED NUMBER: 06517124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,042 32,542
Other creditors 1,541,865 1,506,403
1,568,907 1,538,945

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years by
instalments

5,042

10,542

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Included in other creditors due after one year are loans from directors and owners holding a participating interest of £1,541,865 (2023- £1,506,403). The loans are unsecured and interest free. During the year the company received loan advances of £35,462.