REGISTERED NUMBER: 11064341 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Starfish Holiday Cottages Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Bater

Mrs C A Bater

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

11064341 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Tangible assets

5

3,062

4,080

Investments

6

1,202

2

Investment property

7

540,000

525,000

544,264

529,082

CURRENT ASSETS

Debtors

2,032

75,983

Cash at bank

242,238

296,891

244,270

372,874

CREDITORS

Amounts falling due within one year

71,526

141,768

NET CURRENT ASSETS

172,744

231,106

TOTAL ASSETS LESS CURRENT LIABILITIES

717,008

760,188

CREDITORS

Amounts falling due after more than one year

8

(9,259

)

(156,592

)

PROVISIONS FOR LIABILITIES

(22,615

)

(26,981

)

NET ASSETS

685,134

576,615

CAPITAL AND RESERVES

Called up share capital

11

4

4

Retained earnings

12

685,130

576,611

SHAREHOLDERS' FUNDS

685,134

576,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mr M Bater - Director

Mrs C A Bater - Director

1.	STATUTORY INFORMATION

Starfish Holiday Cottages Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% straight line

Fixtures and fittings

-

20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

The directors have adopted a policy of depreciating freehold property at a rate of 0% as they believe the expected residual value of each property will be no less than the current market value of each property.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

12,717

Additions

1,105

At 31 March 2025

13,822

DEPRECIATION

At 1 April 2024

8,637

Charge for year

2,123

At 31 March 2025

10,760

NET BOOK VALUE

At 31 March 2025

3,062

At 31 March 2024

4,080

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

2

Additions

1,200

At 31 March 2025

1,202

NET BOOK VALUE

At 31 March 2025

1,202

At 31 March 2024

2

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

525,000

Revaluations

15,000

At 31 March 2025

540,000

NET BOOK VALUE

At 31 March 2025

540,000

At 31 March 2024

525,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

3,771

Valuation in 2022

10,000

Valuation in 2023

43,821

Valuation in 2024

15,000

Valuation in 2025

15,000

Cost

452,408

540,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

452,408

452,408

The investment property was valued on an open market basis at the balance sheet date.

The investment property is accounted for at fair value on an on-going basis.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Bank loans due after 5 years

-

145,111

Repayable by instalments

Bank loans due after 5 years

371

2,592

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,991

-

Between one and five years

2,328

-

6,319

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

145,111

Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

A

£1

2

2

2

B

£1

2

2

4

4

12.

RESERVES

Included in retained earnings is £57,881 (2024 - £46,631) of profits which are not available for distribution as they are unrealised.