Company No: 08166412 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	J Arnell (Resigned 22 May 2024)
	R Biggs
	N Bramhall (Resigned 20 May 2024)
	K Dukes (Resigned 23 June 2025)
	R Hopkins
	A Jones
	J Kapsalis (Resigned 31 July 2025)
	P Marshall (Appointed 20 May 2024, Resigned 23 June 2025)
	A Middleton
	L Pamphilon (Resigned 04 December 2024)
	B Sankey (Resigned 23 June 2025)
	P Toynbee (Resigned 22 May 2024)
	S Waight (Appointed 20 May 2024, Resigned 23 June 2025)

Registered office	The Portland Building
	27 - 28 Church Street
	Brighton
	BN1 1RB
	United Kingdom

Company number

08166412 (England and Wales)

Chartered accountants	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	United Kingdom

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Investments	4	1		1
		1		1
Current assets
Debtors	5	91,046		363,950
Cash at bank and in hand		1,436,706		2,425,695
		1,527,752		2,789,645
Creditors: amounts falling due within one year	6	( 88,607)		( 550,711)
Net current assets		1,439,145		2,238,934
Total assets less current liabilities		1,439,146		2,238,935
Net assets		1,439,146		2,238,935
Reserves
Profit and loss account	8	1,439,146		2,238,935
Total reserves		1,439,146		2,238,935

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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of Coast to Capital Limited (registered number: 08166412) were approved and authorised for issue by the Board of Directors on 11 November 2025. They were signed on its behalf by:

A Middleton 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 to Capital Limited (the Company) is a private company, limited by guarantee, 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 The Portland Building, 27 - 28 Church Street, Brighton, BN1 1RB, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

Grant income

Coast to Capital receives Government Grants which are revenue in nature and are for the benefit of the company, the funds received are under the control of the directors. These are accounted for in the period to which they relate and in the same period as the related expenditure. Any deferred element of grants is included in creditors as deferred income.

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

3 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

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.

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2. Employees

	31.03.2025		31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including executive directors	7		15

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	26,854		26,854
Disposals	( 22,658)		( 22,658)
At 31 March 2025	4,196		4,196
Accumulated depreciation
At 01 April 2024	26,854		26,854
Disposals	( 22,658)		( 22,658)
At 31 March 2025	4,196		4,196
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Fixed asset investments

Investments in subsidiaries

	31.03.2025
	£
Cost
At 01 April 2024	1
At 31 March 2025	1
Carrying value at 31 March 2025	1
Carrying value at 31 March 2024	1

5. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	72,436		23,127
Prepayments and accrued income	18,610		328,782
Other debtors	0		12,041
	91,046		363,950

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	14,049		28,813
Accruals and deferred income	20,593		390,181
Taxation and social security	49,542		124,847
Other creditors	4,423		6,870
	88,607		550,711

7. Liability of members

The members of the Coast to Capital Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

8. Public funds and assets

Included within the profit and loss account at 31 March 2025 is £1,013,562 which relates to public funds and assets following the wind down of the Local Enterprise Partnership related activities and the associated costs in doing so. The public funds and assets have been distributed in their entirety to the lead accountable body, Brighton & Hove City Council post year end.