Company No: 06570409 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,686,623		1,663,585
Investments	4	0		1,000
		1,686,623		1,664,585
Current assets
Debtors	5	34,658		4,889
Cash at bank and in hand		42,990		49,223
		77,648		54,112
Creditors: amounts falling due within one year	6	( 77,788)		( 74,371)
Net current liabilities		(140)		(20,259)
Total assets less current liabilities		1,686,483		1,644,326
Provision for liabilities		( 3,515)		( 4,339)
Net assets		1,682,968		1,639,987
Capital and reserves
Called-up share capital		1,251,000		1,251,000
Undistributable reserve		93,517		93,517
Profit and loss account		338,451		295,470
Total shareholder's funds		1,682,968		1,639,987

For the financial year ending 31 March 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 Porth Beach Holdings Limited (registered number: 06570409) were approved and authorised for issue by the Director on 10 December 2025. They were signed on its behalf by:

J E T Cooper 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

Porth Beach Holdings 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Stevens & Bolton LLP, Wey House, Farnham Road, Guildford, Surrey, GU1 4YD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Taxation

Current 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.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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, over their estimated useful lives, as follows:

Land and buildings

not depreciated

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director, based on external factors. 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 the profit and loss account.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;
Bank loans; and
Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 April 2024	1,663,585		1,663,585
Additions	23,038		23,038
At 31 March 2025	1,686,623		1,686,623
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1,686,623		1,686,623
At 31 March 2024	1,663,585		1,663,585

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset have been used. If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows: 2025 £1,542,264, 2024 £1,519,226

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	1,000
At 31 March 2025	1,000
Provisions for impairment
At 01 April 2024	0
Impairment	1,000
At 31 March 2025	1,000
Carrying value at 31 March 2025	0
Carrying value at 31 March 2024	1,000

Impairment of shares due to Newcastle House Limited being dissolved

5. Debtors

	2025		2024
	£		£
Other debtors	34,658		4,889

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		7,835
Corporation tax	46,971		28,551
Other creditors	30,817		37,985
	77,788		74,371