REGISTERED NUMBER: 09919458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

PROJECT BEACH HOLDCO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Morgan

N Young

Mrs L S Young

REGISTERED OFFICE:

35 Wilkinson Street

Sheffield

S10 2GB

REGISTERED NUMBER:

09919458 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Investments

5

-

500,000

CURRENT ASSETS

Debtors

6

126,801

49,475

Cash at bank

63,868

7,672

190,669

57,147

CREDITORS

Amounts falling due within one year

7

6,981,600

5,628,534

NET CURRENT LIABILITIES

(6,790,931

)

(5,571,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,790,931

)

(5,071,387

)

CAPITAL AND RESERVES

Called up share capital

8

20,000

20,000

Retained earnings

(6,810,931

)

(5,091,387

)

SHAREHOLDERS' FUNDS

(6,790,931

)

(5,071,387

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

N Young - Director

1.	STATUTORY INFORMATION

Project Beach Holdco Limited 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 (£).

The company is not part of a group, therefore these financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on a basis other than that of a going concern. The directors have determined that the going concern assumption is not appropriate due to the balance sheet reporting net current liabilities, and no further income forecast. Accordingly, assets have been stated at their estimated realisable values and liabilities at the amounts expected to be settled.

Financial instruments

Financial Assets

The company's loans receivable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Financial Liabilities

The company's other loans payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.

Fixed asset investments

- Share investments

The company's investments in the share capital of other undertakings are initially recognised at the transaction price and are subsequently measured at cost less any impairment provision.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 31 December 2023

500,000

Impairments

(500,000

)

At 30 December 2024

-

NET BOOK VALUE

At 30 December 2024

-

At 30 December 2023

500,000

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

118,863

49,474

Amounts falling due after more than one year:

Other debtors

7,938

1

Aggregate amounts

126,801

49,475

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

91,972

4,038

Other creditors

6,889,628

5,624,496

6,981,600

5,628,534

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20,000

Ordinary

£1

20,000

20,000

9.	OTHER FINANCIAL COMMITMENTS

The company is party to a security document, where it has provided certain assets as security against the bank borrowings of a company in which it previously held a 50% stake.

The directors are not aware of any circumstances which would lead to a claim being made against the company under this arrangement.

10.	RELATED PARTY DISCLOSURES

During the year, certain directors have continued to provide the company with interest free loans. At the year end, the amount due to certain directors was £845,250 (2023: £980,000)

During the year, the company has continued to provide an interest free working capital loan to an undertaking in which Mr Young is also a director. At the year end, the amount owed to the company was £47,639 (2023: £48,639)

During the year, the company received an interest free working capital loan from an undertaking in which Mr Young is also a director. At the year end, the amount owed from the company was £30,000 (2023: £Nil).