Seaside Rendezvous Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 12781358

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		790,000		877,840

			790,000		877,840
CURRENT ASSETS
Debtors	5	639		560
Cash at bank and in hand		9,109		3,794

		9,748		4,354
Creditors: Amounts Falling Due Within One Year	6	(796,102 )		(798,437 )

NET CURRENT ASSETS (LIABILITIES)			(786,354 )		(794,083 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,646		83,757

Creditors: Amounts Falling Due After More Than One Year	7		(1,022 )		(2,619 )

NET ASSETS			2,624		81,138

CAPITAL AND RESERVES
Called up share capital	9		20		20
Income Statement			2,604		81,118

SHAREHOLDERS' FUNDS			2,624		81,138

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Seaside Rendezvous Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Tom Searle

Director

15/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Seaside Rendezvous Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12781358 . The registered office is 17 Pickhurst Green, Bromley, BR2 7QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The Directors are of the opinion that the Company is a going concern and will continue to provide financial support to the Company as required.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of accommodation services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

2.4. Investment Properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.6. Taxation

Taxation expense for the year represents current tax recognised in the reporting period and is recognised in the statement of comprehensive income. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end. Current taxation assets and liabilities are not discounted.

2.7. Presentation currency

The accounts are presented in £ sterling.

2.8. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Seaside Rendezvous Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investment Property

	31 December 2024
	£
Fair Value
As at 1 January 2024	877,840
Revaluations	(87,840)

As at 31 December 2024	790,000

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	639	560

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Other debtors includes £639 in prepaid expenses (2023: £560)

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	1,597	1,597
Amounts owed to group undertakings	710,013	700,013
Other creditors	82,913	96,827
Taxation and social security	1,579	-

	796,102	798,437

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Britrisk Safety Limited is a related party by virtue of having Directors in common. At 31 December 2024 the Company owed Britisk Safety Limited £710,013 (2023: £700,013). The loan is unsecured, interest-free and has no fixed terms of repayment.

The balance of £82,913 (2023: £96,827) in loans from Directors comprises £41,487 (2023: £48,414) owed to Mr T Searle and £41,426 (2023: £48,414) owed to Mrs J Searle.

Amounts owed to the Directors are unsecured, interest-free and have no fixed terms of repayment.

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Seaside Rendezvous Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	1,022	2,619

Amounts falling due after more than one year relate to finance taken in respect of renovations. The finance is repayable over 60 months at £133 per month with 0% interest.

8. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,597	1,597
Later than one year and not later than five years	1,022	2,619

	2,619	4,216

	2,619	4,216

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	20	20

10. Related Party Transactions

Britrisk Safety Limited is a related party by virtue of having Directors in common. At 31 December 2024 the Company owed Britisk Safety Limited £701,013 (2023: £700,013). The loan is unsecured, interest-free and has no fixed terms of repayment.

The balance of £82,913 (2023: £96,827) in loans from Directors comprises £41,487 (2023: £48,414) owed to Mr T Searle and £41,426 (2023: £48,414) owed to Mrs J Searle.

Amounts owed to the Directors are unsecured, interest-free and have no fixed terms of repayment.

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