Three Mile Beach Holidays Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12790306

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		38		1,306
Tangible Assets	5		313,038		438,493

			313,076		439,799
CURRENT ASSETS
Debtors	6	65,924		133,886
Cash at bank and in hand		386,285		303,165

		452,209		437,051
Creditors: Amounts Falling Due Within One Year	7	(809,581 )		(738,045 )

NET CURRENT ASSETS (LIABILITIES)			(357,372 )		(300,994 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(44,296 )		138,805

Creditors: Amounts Falling Due After More Than One Year	8		(1,385,566 )		(1,393,448 )

NET LIABILITIES			(1,429,862 )		(1,254,643 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(1,429,962 )		(1,254,743 )

SHAREHOLDERS' FUNDS			(1,429,862)		(1,254,643)

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Three Mile Beach Holidays Ltd

Balance Sheet (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 Profit and Loss Account.

On behalf of the board

Mr Nicholas McIvor

Director

29 September 2025

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

1. General Information

Three Mile Beach Holidays Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12790306 . The registered office is The Office Three Mile Beach, Gwithian Towans, Hayle, TR27 5GE.

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 company continues to be dependent on the financial support of the director, and the director has confirmed their intention to provide this support for the foreseeable future of at least 12 months from the date of signing this report. The directors therefore consider it appropriate to adopt the going concern basis for preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line method
Motor Vehicles	25% straight line method
Computer Equipment	33% straight line method

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2023: 21)

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Three Mile Beach Holidays Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	3,840

As at 31 December 2024	3,840

Amortisation
As at 1 January 2024	2,534
Provided during the period	1,268

As at 31 December 2024	3,802

Net Book Value
As at 31 December 2024	38

As at 1 January 2024	1,306

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	888,347	129,287	183,673	1,201,307
Additions	171,778	16,443	8,810	197,031
Disposals	(672 )	-	-	(672 )

As at 31 December 2024	1,059,453	145,730	192,483	1,397,666

Depreciation
As at 1 January 2024	541,117	60,363	161,334	762,814
Provided during the period	252,024	34,162	36,191	322,377
Disposals	(563 )	-	-	(563 )

As at 31 December 2024	792,578	94,525	197,525	1,084,628

Net Book Value
As at 31 December 2024	266,875	51,205	(5,042 )	313,038

As at 1 January 2024	347,230	68,924	22,339	438,493

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	39,398	74,835
Prepayments and accrued income	15,669	61,563
Other debtors	10,857	(2,512 )

	65,924	133,886

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Three Mile Beach Holidays Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	24,153	44,056
Other taxes and social security	21,805	16,297
VAT	16,380	5,240
Net wages	45,880	29,673
Other creditors	4,024	1,863
Accruals and deferred income	264,597	159,553
Amounts owed to group undertakings	432,742	481,363

	809,581	738,045

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

	2024	2023
	£	£
Other creditors	758,034	759,459
Directors loan account	627,532	633,989

	1,385,566	1,393,448

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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