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REGISTERED NUMBER: 03595584 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

COASTWIND LIMITED

COASTWIND LIMITED (REGISTERED NUMBER: 03595584)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COASTWIND LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J A Baker
Mr G E Baker





REGISTERED OFFICE: The Priory Thremhall Park
Start Hill
Bishops Stortford
Hertfordshire
CM22 7WE





REGISTERED NUMBER: 03595584 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

COASTWIND LIMITED (REGISTERED NUMBER: 03595584)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Investments 4 2,732,993 2,732,993
Investment property 5 1,223,106 1,209,265
3,956,099 3,942,258

CURRENT ASSETS
Debtors 6 1,950,249 2,078,062
Cash at bank 22,573 2,832
1,972,822 2,080,894
CREDITORS
Amounts falling due within one year 7 355,693 456,720
NET CURRENT ASSETS 1,617,129 1,624,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,573,228

5,566,432

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 5,573,226 5,566,430
SHAREHOLDERS' FUNDS 5,573,228 5,566,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 June 2025 and were signed on its behalf by:





Mr J A Baker - Director


COASTWIND LIMITED (REGISTERED NUMBER: 03595584)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Coastwind 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 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.

3. EMPLOYEES AND DIRECTORS

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

COASTWIND LIMITED (REGISTERED NUMBER: 03595584)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 July 2023
and 30 June 2024 2,732,993
NET BOOK VALUE
At 30 June 2024 2,732,993
At 30 June 2023 2,732,993

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,209,265
Additions 13,841
At 30 June 2024 1,223,106
NET BOOK VALUE
At 30 June 2024 1,223,106
At 30 June 2023 1,209,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 845,378 -
Amounts owed by group undertakings 345,043 806,873
Other debtors 216,149 6,508
Directors' current accounts 422,218 410,650
Tax - 1,222
Prepayments and accrued income 121,461 852,809
1,950,249 2,078,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 448 16,221
Amounts owed to group undertakings 94,095 397,898
Tax 222,563 -
VAT 30,187 34,201
Accruals and deferred income 8,400 8,400
355,693 456,720

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

COASTWIND LIMITED (REGISTERED NUMBER: 03595584)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr G E Baker
Balance outstanding at start of year 410,650 (612,900 )
Amounts advanced 11,567 1,066,738
Amounts repaid - (43,188 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 422,217 410,650

At the balance sheet date, the directors owed the company £422,217 (2023: £410,649 ). During the year, interest of £9,240 (2023: £Nil) was charged on the overdrawn director’s loan account at a rate of 2.25% per annum. The interest charged has been recognized as income in the profit and loss account.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £Nil (2023: £72,549) by Great Dunmow Estates Ltd, £Nil (2023: £159,300) by Mantle Capital Management Ltd, £Nil (2023: £242,078) by Mantle (Epping) Ltd, £Nil (2023: £104,722) by Mantle Abingdon Ltd, £10,000 (2023: £10,000) by Foreland Asset Management Ltd £116,819 (2023: Cr £5,000) by Mantle (Hertford) Ltd and £218,224 (2023: £218,224) by Jackson Management..


At the balance sheet date, the company owed £47,095 (2023: £20,500) to Bailey Bridge Ltd, £7,000 (2023: £7,000l) to Mantle Estates LLP, £Nil (2023: £229,868) to Mantle (Woodside) Ltd, £Nil (2023: £530) to Mantle Space Ltd and £20,000 (2023: £135,000) to Mantle (Saffron) Ltd.

The above are related parties by virtue of the fact that they are under common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mantle Estates LLP.

The ultimate controlling party is G E Baker and J A Baker.