Eastbourne Riviera Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06517124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

EASTBOURNE RIVIERA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Pilat

D Pilat

SECRETARY:

D Pilat

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

06517124 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Intangible assets

4

22,500

30,000

Tangible assets

5

1,024,092

1,031,032

1,046,592

1,061,032

CURRENT ASSETS

Stocks

2,295

2,280

Debtors

6

7,083

1,950

Cash at bank

31,789

55,994

41,167

60,224

CREDITORS

Amounts falling due within one year

7

63,403

54,003

NET CURRENT (LIABILITIES)/ASSETS

(22,236

)

6,221

TOTAL ASSETS LESS CURRENT LIABILITIES

1,024,356

1,067,253

CREDITORS

Amounts falling due after more than one
year

8

1,592,688

1,568,907

NET LIABILITIES

(568,332

)

(501,654

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(568,432

)

(501,754

)

SHAREHOLDERS' FUNDS

(568,332

)

(501,654

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 23 June 2026 and were signed on its behalf by:

V Pilat - Director

D Pilat - Director

1.	STATUTORY INFORMATION

Eastbourne Riviera Ltd 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts have been prepared on the basis the company will continue to be a going concern.

At the date of approval of the financial statements, the directors and shareholders are committed to supporting the company through the continual provision of existing loan facilities.

Turnover

Turnover represents net invoiced sale of services and related items, excluding value added tax. Income is recognised at the point when services and goods are provided rather than at the point of booking.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 15% on reducing balance

It was considered whether there were any adverse market or legal changes which could materially reduce the likely recoverable value of the freehold property, or whether there was any evidence of physical deterioration or damage. Having considered the facts, the directors are of the opinion that the potential residual value of the property will not be less than the values as shown in the company's accounts and as such depreciation should not be charged against the company's freehold property. It was furthermore decided that the hotel building should continue to be carried at historic cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:

- the contractual rights to the cash flows from the financial asset expire or are settled; or

- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or

- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

150,000

AMORTISATION

At 1 October 2024

120,000

Charge for year

7,500

At 30 September 2025

127,500

NET BOOK VALUE

At 30 September 2025

22,500

At 30 September 2024

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

964,982

435,735

1,400,717

Additions

-

3,331

At 30 September 2025

964,982

439,066

1,404,048

DEPRECIATION

At 1 October 2024

-

369,685

Charge for year

-

10,271

At 30 September 2025

-

379,956

NET BOOK VALUE

At 30 September 2025

964,982

59,110

1,024,092

At 30 September 2024

964,982

66,050

1,031,032

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,271

670

Other debtors

5,812

1,280

7,083

1,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,500

Trade creditors

8,277

2,890

Taxation and social security

34,116

23,758

Other creditors

15,510

21,855

63,403

54,003

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

21,542

27,042

Other creditors

1,571,146

1,541,865

1,592,688

1,568,907

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years by instalments

-

5,042

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

Included in other creditors due after one year are loans from directors and owners holding a participating interest of £1,571,146 (2024- £1,541,865). The loans are unsecured and interest free. During the year the company received loan advances of £29,281.