The Point at Polzeath Properties Limited


Directors	Mr R D T Clive
	Mr J J Davies
	Mr M G A Kershaw
	Mr T M O'Donnell
	Mrs E E R Davies


Company Secretary	SPEAFI Secretarial Limited


Registered Address	Field Seymour Parkes Llp
	1 London Street
	Reading
	RG1 4PN


Registered Number	07926608 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		1,122		1,122
Tangible assets	4		10,377,995		9,262,506
			10,379,117		9,263,628
Current assets
Stocks	5	1,000		1,000
Debtors		622,976		527,816
Cash at bank and on hand		44,859		163,360
		668,835		692,176
Creditors amounts falling due within one year	6	(10,983,537)		(10,807,507)
Net current assets (liabilities)			(10,314,702)		(10,115,331)
Total assets less current liabilities			64,415		(851,703)
Creditors amounts falling due after one year	7		(4,571)		(15,912)
Net assets			59,844		(867,615)
Capital and reserves
Called up share capital			10		10
Profit and loss account			59,834		(867,625)
Shareholders' funds			59,844		(867,615)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 September 2025, and are signed on its behalf by:

Mr J J Davies
Director
Registered Company No. 07926608

The Point at Polzeath Properties Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	intangible fixed assets are stated at cost or valuation less amortisation.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	1,122	1,122
At 31 December 24	1,122	1,122
Net book value
At 31 December 24	1,122	1,122
At 31 December 23	1,122	1,122

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	7,837,634	1,732,349	65,456	-	9,635,439
Additions	1,587,904	4,077,059	18,944	2,813	5,686,720
Disposals	(982,233)	(3,246,920)	(25,049)	-	(4,254,202)
At 31 December 24	8,443,305	2,562,488	59,351	2,813	11,067,957
Depreciation and impairment
At 01 January 24	-	351,103	21,830	-	372,933
Charge for year	-	473,836	9,308	703	483,847
On disposals	-	(157,801)	(9,017)	-	(166,818)
At 31 December 24	-	667,138	22,121	703	689,962
Net book value
At 31 December 24	8,443,305	1,895,350	37,230	2,110	10,377,995
At 31 December 23	7,837,634	1,381,246	43,626	-	9,262,506

5.	Stocks

	2024	2023
	£	£
Other stocks	1,000	1,000
Total	1,000	1,000

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	329,412	216,591
Bank borrowings and overdrafts	11,200	11,200
Taxation and social security	-	845
Finance lease and HP contracts	36,395	44,039
Other creditors	9,495,193	9,470,794
Accrued liabilities and deferred income	1,111,337	1,064,038
Total	10,983,537	10,807,507


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,571	15,912
Total	4,571	15,912