The Point at Polzeath Limited


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


Company Secretary	SPEAFI Secretarial Limited


Registered Address	1 London Street
	Reading
	RG1 4PN


Registered Number	13393378 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		6,097		-
Tangible assets	4		292,176		267,563
			298,273		267,563
Current assets
Stocks	5	58,167		54,200
Debtors		111,421		73,209
Cash at bank and on hand		290,345		437,852
		459,933		565,261
Creditors amounts falling due within one year	6	(1,283,930)		(1,086,598)
Net current assets (liabilities)			(823,997)		(521,337)
Total assets less current liabilities			(525,724)		(253,774)
Creditors amounts falling due after one year	7		(29,809)		(35,779)
Net assets			(555,533)		(289,553)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(555,534)		(289,554)
Shareholders' funds			(555,533)		(289,553)

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 5 September 2025, and are signed on its behalf by:

Mr J J Davies
Director
Registered Company No. 13393378

The Point at Polzeath 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 assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Website -20% reducing balance

	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 (%)	Straight line (years)
Land and buildings	-	20
Plant and machinery	20	-
Fixtures and fittings	20	-
Vehicles	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	47		43

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	6,200	6,200
At 31 December 24	6,200	6,200
Amortisation and impairment
Charge for year	103	103
At 31 December 24	103	103
Net book value
At 31 December 24	6,097	6,097
At 31 December 23	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	4,911	349,675	-	25,678	30,030	410,294
Additions	11,821	19,085	14,903	6,095	41,574	93,478
Disposals	-	(12,000)	-	-	-	(12,000)
At 31 December 24	16,732	356,760	14,903	31,773	71,604	491,772
Depreciation and impairment
At 01 January 24	490	122,158	-	9,191	10,892	142,731
Charge for year	621	44,116	1,987	3,729	10,732	61,185
On disposals	-	(4,320)	-	-	-	(4,320)
At 31 December 24	1,111	161,954	1,987	12,920	21,624	199,596
Net book value
At 31 December 24	15,621	194,806	12,916	18,853	49,980	292,176
At 31 December 23	4,421	227,517	-	16,487	19,138	267,563

5.	Stocks

	2024	2023
	£	£
Other stocks	58,167	54,200
Total	58,167	54,200

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	75,725	67,002
Bank borrowings and overdrafts	5,449	581
Taxation and social security	31,180	42,913
Finance lease and HP contracts	14,306	14,025
Other creditors	1,036,441	946,756
Accrued liabilities and deferred income	120,829	15,321
Total	1,283,930	1,086,598


	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
	£	£
Other creditors	29,809	35,779
Total	29,809	35,779