Seaside Life Properties Ltd

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

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

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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.

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)

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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

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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 )

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