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Company No: 03640162 (England and Wales)

ECOCOAST LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ECOCOAST LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ECOCOAST LTD

BALANCE SHEET

As at 31 December 2024
ECOCOAST LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Intangible assets 3 4,729 0
Tangible assets 4 4,993 6,749
9,722 6,749
Current assets
Stocks 40,160 34,228
Debtors 5 586,610 585,334
Cash at bank and in hand 46,435 724,292
673,205 1,343,854
Creditors: amounts falling due within one year 6 ( 249,465) ( 1,098,717)
Net current assets 423,740 245,137
Total assets less current liabilities 433,462 251,886
Provision for liabilities ( 900) ( 1,300)
Net assets 432,562 250,586
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 432,560 250,584
Total shareholder's funds 432,562 250,586

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ecocoast Ltd (registered number: 03640162) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

Mr L Z Jackson
Director
ECOCOAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ECOCOAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Ecocoast Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, United Kingdom. The principal place of business is 506-507, CEO Building, Dubai Investment Park 1, Dubai, UAE.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Website costs 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Office equipment 2 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are reviewed for impairment. If stocks are impaired, the carrying amount is reduced to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only 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.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.12.2024
Period from
01.04.2023 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 January 2024 28,000 15,840 43,840
Additions 0 5,675 5,675
At 31 December 2024 28,000 21,515 49,515
Accumulated amortisation
At 01 January 2024 28,000 15,840 43,840
Charge for the financial year 0 946 946
At 31 December 2024 28,000 16,786 44,786
Net book value
At 31 December 2024 0 4,729 4,729
At 31 December 2023 0 0 0

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 January 2024 46,353 4,884 51,237
Additions 0 1,429 1,429
Disposals 0 ( 946) ( 946)
At 31 December 2024 46,353 5,367 51,720
Accumulated depreciation
At 01 January 2024 40,232 4,256 44,488
Charge for the financial year 2,160 820 2,980
Disposals 0 ( 741) ( 741)
At 31 December 2024 42,392 4,335 46,727
Net book value
At 31 December 2024 3,961 1,032 4,993
At 31 December 2023 6,121 628 6,749

5. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 145,326 383,992
Amounts owed by Group undertakings 265,133 0
Prepayments and accrued income 161,403 139,758
VAT recoverable 14,748 57,994
Corporation tax 0 3,590
586,610 585,334

6. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 71,424 231,245
Amounts owed to Group undertakings 0 512,779
Accruals and deferred income 116,251 334,944
Taxation and social security 61,299 19,622
Other creditors 491 127
249,465 1,098,717

7. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Ultimate controlling party

Parent Company:

Ecocoast Holdings Limited
506-507, CEO Building
Dubai Investment Park 1
Dubai, UAE

The company is a 100% owned subsidiary of Ecocoast Holdings Limited.