Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Alice Charlotte Litherland 08/03/2022 William Johann Litherland 08/03/2022 01 August 2025 The principal activity of the Company during the financial year was to act as a holding company. 13964117 2025-03-31 13964117 bus:Director1 2025-03-31 13964117 bus:Director2 2025-03-31 13964117 2024-03-31 13964117 core:CurrentFinancialInstruments 2025-03-31 13964117 core:CurrentFinancialInstruments 2024-03-31 13964117 core:ShareCapital 2025-03-31 13964117 core:ShareCapital 2024-03-31 13964117 core:RetainedEarningsAccumulatedLosses 2025-03-31 13964117 core:RetainedEarningsAccumulatedLosses 2024-03-31 13964117 core:CostValuation 2024-03-31 13964117 core:CostValuation 2025-03-31 13964117 bus:OrdinaryShareClass1 2025-03-31 13964117 2024-04-01 2025-03-31 13964117 bus:FilletedAccounts 2024-04-01 2025-03-31 13964117 bus:SmallEntities 2024-04-01 2025-03-31 13964117 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13964117 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13964117 bus:Director1 2024-04-01 2025-03-31 13964117 bus:Director2 2024-04-01 2025-03-31 13964117 2023-04-01 2024-03-31 13964117 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13964117 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13964117 (England and Wales)

COASTAL INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

COASTAL INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

COASTAL INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
COASTAL INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investments 3 144,758 144,758
144,758 144,758
Current assets
Cash at bank and in hand 106,223 51,105
106,223 51,105
Creditors: amounts falling due within one year 4 ( 186,718) ( 181,508)
Net current liabilities (80,495) (130,403)
Total assets less current liabilities 64,263 14,355
Net assets 64,263 14,355
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 64,261 14,353
Total shareholders' funds 64,263 14,355

For the financial year ending 31 March 2025 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 Coastal Investments Ltd (registered number: 13964117) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

William Johann Litherland
Director
COASTAL INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
COASTAL INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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 year, unless otherwise stated.

General information and basis of accounting

Coastal Investments Ltd (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 L J Boyce 49, Fore Street, Brixham, TQ5 8AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Statement of Financial Position 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 144,758
At 31 March 2025 144,758
Carrying value at 31 March 2025 144,758
Carrying value at 31 March 2024 144,758

4. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to Group undertakings 15,062 10,972
Amounts owed to directors 169,456 168,786
Accruals 2,200 1,750
186,718 181,508

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts owed to directors 169,456 168,786

During the year, dividends were voted totalling £77,000 (2024: £60,000).

The Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.