Porthminster Beach View Ltd - Filleted accounts

Registered number

07647036

Porthminster Beach View Ltd

Filleted Accounts

31 May 2025

Porthminster Beach View Ltd
Registered number:		07647036
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		1,400			1,400
			1,400			1,400

Current assets
Stocks		4,987,269			5,040,629
Debtors	4	1,040,273			127,494
Cash at bank and in hand		17,311			5,942
		6,044,853			5,174,065

Creditors: amounts falling due within one year	5	(3,456,318)			(3,991,682)

Net Current Assets			2,588,535			1,182,383

Total assets less current liabilities			2,589,935			1,183,783


Net Assets			2,589,935			1,183,783

Capital and reserves
Called up share capital			500			500
Profit and loss account			2,589,435			1,183,283

Shareholders' funds			2,589,935			1,183,783

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




I.N.Jarvis
Director
Approved by the board on 26 May 2026

Porthminster Beach View Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024

	Average Number of Employees			3		3

3	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 June 2024	1,400		-		1,400
	Additions	-		-		-
	Revaluation	-		-		-
	Disposals	-		-		-

	At 31 May 2025	1,400		-		1,400

	Historical cost
	At 1 June 2024	-		-
	At 31 May 2025	-		-



4	Debtors			2025		2024
£					£

	Trade debtors			18,106		-
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,020,949		127,494
	Deferred tax asset			-		-
	Other debtors			1,218		-
				1,040,273		127,494

	Amounts due after more than one year included above			-		-


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Non-equity preference shares			-		-
	Bank loans and overdrafts			16,934		354,569
	Obligations under finance lease and hire purchase contracts			-		-
	Trade creditors			764,389		218,609
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			1,896,111		1,981,415
	Taxation and social security costs			469,709		72,992
	Other creditors			309,175		1,364,097
				3,456,318		3,991,682

6	Other information

	Porthminster Beach View Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Godrevy House
	Trewidden Road
	St Ives
	Cornwall
	TR26 2BX