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Registered number: 10751655
Seaside Life Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Hilary Adams Ltd
158 High Street
Herne Bay
Kent
CT6 5NP
Seaside Life Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Seaside Life Properties Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 10751655

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 496 |  | 744
Investment Properties | 5 |  | 325,000 |  | 312,500
|  |  | 325,496 |  | 313,244
CURRENT ASSETS
Cash at bank and in hand |  | 189 |  | 198 |
|  | 189 |  | 198 |
Creditors: Amounts Falling Due Within One Year | 6 | (48,180 ) |  | (47,505 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (47,991 ) |  | (47,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 277,505 |  | 265,937
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (223,058 ) |  | (223,085 )
NET ASSETS |  |  | 54,447 |  | 42,852
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Fair value reserve | 9 |  | 88,723 |  | 76,223
Profit and Loss Account |  |  | (34,277 ) |  | (33,372 )
SHAREHOLDERS' FUNDS |  |  | 54,447 |  | 42,852

Page 1
Page 2
Seaside Life Properties Ltd
Balance Sheet (continued)
As At 31 May 2025
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Rebecca Cooper Director
12 May 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Seaside Life Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Seaside Life Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10751655 . The registered office is 47 Windsor Gardens, Herne Bay, Kent, CT6 8FE.
The bank has a fixed charge over the assets of the company.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 20% on cost

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Seaside Life Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost or Valuation
As at 1 June 2024 | 1,240
As at 31 May 2025 | 1,240
Depreciation
As at 1 June 2024 | 496
Provided during the period | 248
As at 31 May 2025 | 744
Net Book Value
As at 31 May 2025 | 496
As at 1 June 2024 | 744

Cost or valuation as at 31 May 2025 represented by:

| Fixtures & Fittings
--- | ---
| £
At cost | 1,240
| 1,240

If investment property had not been revalued, it would have been included at historical cost: £236,277.
Investment property was valued on an open market basis on 31 May 2025 by Rebecca Cooper, the director
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 June 2024 | 312,500
Revaluations | 12,500
As at 31 May 2025 | 325,000

Page 4
Page 5
Seaside Life Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 7,500 |  | 7,500
Accruals and deferred income | 1,290 |  | 961
Director's loan account | 39,390 |  | 39,044
| 48,180 |  | 47,505

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 223,058 |  | 223,085

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

9. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 June 2024 | 76,223 | (33,372 )
Profit for the year and total comprehensive income | - | 11,596
Transfer to/from Fair value reserve | - | (12,501)
Transfer to/from Profit & Loss Account | 12,500 | -
As at 31 May 2025 | 88,723 | (34,277 )

Page 5