Registration number: 13397720

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Company Information

Directors

Mr D A Christophers Mrs L Moore

Registered office

Unit 1 Penbeagle Industrial Estate St Ives TR26 2JH

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

Teylu (St Ives) Limited

trading as Mor Beach Cafe

(Registration number: 13397720)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	86,100	100,450
Tangible assets	5	85,712	92,488
		171,812	192,938
Current assets
Stocks	6	4,000	4,000
Debtors	7	10,099	19,552
Cash at bank and in hand		21,466	4,377
		35,565	27,929
Creditors: Amounts falling due within one year	8	(278,791)	(287,953)
Net current liabilities		(243,226)	(260,024)
Net liabilities		(71,414)	(67,086)
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(71,514)	(67,186)
Shareholders' deficit		(71,414)	(67,086)

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

......................................... Mr D A Christophers Director

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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:
Unit 1
Penbeagle Industrial Estate
St Ives
TR26 2JH

These financial statements were authorised for issue by the Board on 18 December 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.

Going concern

In the opinion of the Directors, the company can continue to operate on a going concern basis. This is due to the Directors and shareholders agreeing not to call in their loans to the company for at least the next 12 months.

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 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.

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

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
Machinery and equipment	12.5% straight line
Fixtures and fittings	12.5% straight line
Office equipment	3 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

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.

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 10).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2024	143,500	143,500
At 31 May 2025	143,500	143,500
Amortisation
At 1 June 2024	43,050	43,050
Amortisation charge	14,350	14,350
At 31 May 2025	57,400	57,400
Carrying amount
At 31 May 2025	86,100	86,100
At 31 May 2024	100,450	100,450

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Machinery and equipment £	Total £
Cost or valuation
At 1 June 2024	2,000	20,875	94,369	117,244
Additions	-	-	5,238	5,238
At 31 May 2025	2,000	20,875	99,607	122,482
Depreciation
At 1 June 2024	-	2,684	22,072	24,756
Charge for the year	-	2,322	9,692	12,014
At 31 May 2025	-	5,006	31,764	36,770
Carrying amount
At 31 May 2025	2,000	15,869	67,843	85,712
At 31 May 2024	2,000	18,191	72,297	92,488

Included within the net book value of land and buildings above is £2,000 (2024 - £2,000) in respect of long leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	4,000	4,000

7

Debtors

	2025 £	2024 £
Prepayments	10,079	5,954
Other debtors	20	13,598
	10,099	19,552

Teylu (St Ives) Limited

trading as Mor Beach Cafe

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	-	17,181
Trade creditors		36,223	87,997
Taxation and social security		12,676	-
Accruals and deferred income		3,258	5,856
Other creditors		226,634	176,919
		278,791	287,953