Company No: 10164311 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Director

Simon Gordon Pack

Registered office	Brewers Meadow Weekes Lane
	West Brabourne
	Ashford
	TN25 5LZ
	United Kingdom

Company number

10164311 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

Bankers	Royal Bank of Scotland
	4th Floor
	1 Hardman Boulevard
	Manchester
	M3 3AQ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coast Pro Limited for the financial year ended 31 May 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Coast Pro Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coast Pro Limited. You consider that Coast Pro Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Coast Pro Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Coast Pro Limited, as a body, in accordance with the terms of our engagement letter dated 23 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Coast Pro Limited and state those matters that we have agreed to state to the director of Coast Pro Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coast Pro Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

21 November 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,695		1,552
		2,695		1,552
Current assets
Stocks		1,593,051		1,565,938
Debtors	4	4,302		1,352
Cash at bank and in hand		8,521		8,835
		1,605,874		1,576,125
Creditors: amounts falling due within one year	5	( 2,706)		( 2,278)
Net current assets		1,603,168		1,573,847
Total assets less current liabilities		1,605,863		1,575,399
Creditors: amounts falling due after more than one year	6	( 2,062,754)		( 2,005,254)
Net liabilities		( 456,891)		( 429,855)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 456,991 )		( 429,955 )
Total shareholder's deficit		( 456,891)		( 429,855)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Coast Pro Limited (registered number: 10164311) were approved and authorised for issue by the Director on 20 November 2025. They were signed on its behalf by:

Simon Gordon Pack Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Coast Pro Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Brewers Meadow Weekes Lane, West Brabourne, Ashford, TN25 5LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company meets its day to day working capital requirements through its loan facilities.

The director is confident of the future saleability of properties.

The director expects that the company will be able to operate within the level of its current facilities, including the support that they will continue to provide, and that the company has adequate resources to continue in operational existence for the foreseeable future.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 June 2024	6,139		6,139
Additions	2,327		2,327
At 31 May 2025	8,466		8,466
Accumulated depreciation
At 01 June 2024	4,587		4,587
Charge for the financial year	1,184		1,184
At 31 May 2025	5,771		5,771
Net book value
At 31 May 2025	2,695		2,695
At 31 May 2024	1,552		1,552

4. Debtors

	2025		2024
	£		£
Other debtors	4,302		1,352

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	2,070		1,873
Other taxation and social security	636		405
	2,706		2,278

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans	2,062,754		2,005,254

A loan in the sum of £1,810,00 was received from the director in 2023 and is not expected to be repaid within one year of the balance sheet date. Further sums have been added to this loan since the original agreement and it has been determined that these will also not be repaid within one year of the balance sheet date.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Ultimate controlling party

In the opinion of the director, Mr S Pack is the controlling party by virtue of his 100% shareholding.