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Company Registration No. 04905751 (England and Wales)
Shanklin Esplanade Limited Unaudited accounts for the year ended 28 February 2025
Shanklin Esplanade Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Shanklin Esplanade Limited Company Information for the year ended 28 February 2025
Directors
Mr S J Page Mrs J Page
Company Number
04905751 (England and Wales)
Registered Office
10, Eastmount Road Shanklin Isle of Wight PO37 6DN
Accountants
Martin Bridges & Co 39 High Street Shanklin Isle of Wight PO37 6JJ
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Shanklin Esplanade Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
37,500
37,500
Tangible assets
5
546,631
546,932
584,131
584,432
Current assets
Inventories
750
750
Debtors
49,309
45,879
Cash at bank and in hand
30,610
40,841
80,669
87,470
Creditors: amounts falling due within one year
(32,478)
(33,378)
Net current assets
48,191
54,092
Total assets less current liabilities
632,322
638,524
Creditors: amounts falling due after more than one year
(506,095)
(512,105)
Net assets
126,227
126,419
Capital and reserves
Called up share capital
6
4
4
Revaluation reserve
89,348
89,348
Profit and loss account
36,875
37,067
Shareholders' funds
126,227
126,419
For the year ending 28 February 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by
Mrs J Page Director Company Registration No. 04905751
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Shanklin Esplanade Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Shanklin Esplanade Limited is a private company, limited by shares, registered in England and Wales, registration number 04905751. The registered office is 10, Eastmount Road, Shanklin, Isle of Wight, PO37 6DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15 %
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
£
Cost
At 1 March 2024
125,000
At 28 February 2025
125,000
Amortisation
At 1 March 2024
87,500
At 28 February 2025
87,500
Net book value
At 28 February 2025
37,500
At 29 February 2024
37,500
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Shanklin Esplanade Limited Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 March 2024
600,939
Additions
541
At 28 February 2025
601,480
Depreciation
At 1 March 2024
54,007
Charge for the year
842
At 28 February 2025
54,849
Net book value
At 28 February 2025
546,631
At 29 February 2024
546,932
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
7
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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