Registration number: 07438561

Coastal Holiday Lets Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Coastal Holiday Lets Limited

(Registration number: 07438561)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	258,542	258,490
Current assets
Cash at bank and in hand		212	1,319
Creditors: Amounts falling due within one year	5	(80,035)	(82,315)
Net current liabilities		(79,823)	(80,996)
Total assets less current liabilities		178,719	177,494
Provisions for liabilities		(14,087)	(14,096)
Net assets		164,632	163,398
Capital and reserves
Called up share capital	6	300	300
Revaluation reserve		86,864	86,864
Retained earnings		77,468	76,234
Shareholders' funds		164,632	163,398

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors' report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 19 November 2025 and signed on its behalf by:
 

......................................... Mr M Pemberton Director

Coastal Holiday Lets Limited

Notes to the Unaudited Financial Statements for the Period from 26 November 2023 to 30 November 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
24 The Hazels
Wilpshire
Blackburn
Lancashire
BB1 9HZ
England

These financial statements were authorised for issue by the Board on 19 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The directors, having made reasonable enquiries, consider that the company will have sufficient resources to continue trading for the forseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Coastal Holiday Lets Limited

Notes to the Unaudited Financial Statements for the Period from 26 November 2023 to 30 November 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	15% reducing balance
Freehold property	not depreciated because it is subject to an extensive and continual maintenance programme

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.

Trade creditors

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Coastal Holiday Lets Limited

Notes to the Unaudited Financial Statements for the Period from 26 November 2023 to 30 November 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4	Tangible assets

	Freehold property £	Plant and equipment £	Total £
Cost or valuation
At 26 November 2023	253,000	14,969	267,969
Additions	-	912	912
At 30 November 2024	253,000	15,881	268,881
Depreciation
At 26 November 2023	-	9,479	9,479
Charge for the period	-	860	860
At 30 November 2024	-	10,339	10,339
Carrying amount
At 30 November 2024	253,000	5,542	258,542
At 25 November 2023	253,000	5,490	258,490

 

Revaluation

The fair value of the company's land and buildings was revalued on 30 September 2024. An independent valuer was not involved.
The land was revalued on an open market basis by the directors', who are internal to the company.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £153,083 (2023 £153,083).

Coastal Holiday Lets Limited

Notes to the Unaudited Financial Statements for the Period from 26 November 2023 to 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Taxation and social security	275	1,412
Accruals and deferred income	1,020	1,020
Other creditors	78,740	79,883
	80,035	82,315