IRIS Accounts Production v26.1.10.61 09658747 Board of Directors 1.1.25 31.12.25 31.12.25 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09658747 2024-12-31 09658747 2025-12-31 09658747 2025-01-01 2025-12-31 09658747 2023-12-31 09658747 2024-01-01 2024-12-31 09658747 2024-12-31 09658747 ns15:EnglandWales 2025-01-01 2025-12-31 09658747 ns14:PoundSterling 2025-01-01 2025-12-31 09658747 ns10:Director1 2025-01-01 2025-12-31 09658747 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09658747 ns10:SmallEntities 2025-01-01 2025-12-31 09658747 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09658747 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 09658747 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09658747 ns10:FullAccounts 2025-01-01 2025-12-31 09658747 1 2025-01-01 2025-12-31 09658747 ns5:CurrentFinancialInstruments 2025-12-31 09658747 ns5:CurrentFinancialInstruments 2024-12-31 09658747 ns5:Non-currentFinancialInstruments 2025-12-31 09658747 ns5:Non-currentFinancialInstruments 2024-12-31 09658747 ns5:ShareCapital 2025-12-31 09658747 ns5:ShareCapital 2024-12-31 09658747 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 09658747 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09658747 ns10:RegisteredOffice 2025-01-01 2025-12-31 09658747 ns5:NetGoodwill 2025-01-01 2025-12-31 09658747 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 09658747 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 09658747 ns5:FurnitureFittings 2025-01-01 2025-12-31 09658747 ns5:NetGoodwill 2024-12-31 09658747 ns5:NetGoodwill 2025-12-31 09658747 ns5:NetGoodwill 2024-12-31 09658747 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 09658747 ns5:FurnitureFittings 2024-12-31 09658747 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-12-31 09658747 ns5:FurnitureFittings 2025-12-31 09658747 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 09658747 ns5:FurnitureFittings 2024-12-31 09658747 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 09658747 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09658747 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-12-31 09658747 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-12-31 09658747 ns5:WithinOneYear 2025-12-31 09658747 ns5:WithinOneYear 2024-12-31 09658747 ns5:BetweenOneFiveYears 2025-12-31 09658747 ns5:BetweenOneFiveYears 2024-12-31 09658747 ns5:AllPeriods 2025-12-31 09658747 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: 09658747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

POLKERRIS BEACH CO LTD

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| Page |

Statement of Financial Position | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 7

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 12,812 |  |

Tangible assets | 5 | - |  | 36,358 |  |

- |  | 49,170 |  |

CURRENT ASSETS

Stocks | - |  | 10,153 |  |

Debtors | 6 | - |  | 5,386 |  |

Cash at bank and in hand | - |  | 48,741 |  |

- |  | 64,280 |  |

CREDITORS

Amounts falling due within one year | 7 | (167,020 | ) | (129,186 | ) |

NET CURRENT LIABILITIES | (167,020 | ) | (64,906 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (167,020 | ) | (15,736 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (183,906 | ) |

NET LIABILITIES | (167,020 | ) | (199,642 | ) |

CAPITAL AND RESERVES

Called up share capital | 150 |  | 150 |  |

Retained earnings | (167,170 | ) | (199,792 | ) |

(167,020 | ) | (199,642 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

C E W Bailey - Director

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Polkerris Beach Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 09658747

| Registered office: | The Harbour Trading Co (UK) Ltd

| River Street

| Mevagissey

| St Austell

| Cornwall

| PL26 6UE

| 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.

| SIGNIFICANT JUDGEMENTS AND ESTIMATES

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| (i) Estimated useful lives and residual values of fixed assets

| Depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

| REVENUE RECOGNITION

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| GOODWILL

| Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill - 10% straight line

| If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

| 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.

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Long leasehold | - | 10% on cost

| Fixtures and fittings | - | 20% reducing balance

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| STOCKS

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

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| GOING CONCERN

| The directors have provided assurances that they will continue to support the business to enable it to continue its activities, as hitherto. Accordingly the financial statements should be prepared on a going concern basis.

| PROVISIONS

| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

| OPERATING LEASES

| Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - 6 ).

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025 | 181,075 |  |

| Disposals | (181,075 | ) |

| At 31 December 2025 | - |  |

| AMORTISATION

| At 1 January 2025 | 168,263 |  |

| Eliminated on disposal | (168,263 | ) |

| At 31 December 2025 | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | 12,812 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | and |

| leasehold |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 41,282 |  | 153,324 |  | 194,606 |  |

| Disposals | (41,282 | ) | (153,324 | ) | (194,606 | ) |

| At 31 December 2025 | - |  | - |  | - |  |

| DEPRECIATION

| At 1 January 2025 | 38,361 |  | 119,887 |  | 158,248 |  |

| Eliminated on disposal | (38,361 | ) | (119,887 | ) | (158,248 | ) |

| At 31 December 2025 | - |  | - |  | - |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | - |  |

| At 31 December 2024 | 2,921 |  | 33,437 |  | 36,358 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| VAT | - |  | 571 |  |

| Prepayments | - |  | 4,815 |  |

- |  | 5,386 |  |

POLKERRIS BEACH CO LTD (REGISTERED NUMBER: 09658747)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | - |  | 10,225 |  |

| Trade creditors | - |  | 443 |  |

| Other creditors | - |  | 115,483 |  |

| Directors' current accounts | 167,020 |  | - |  |

| Accruals and deferred income | - |  | 3,035 |  |

167,020 |  | 129,186 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans - 1-2 years | - |  | 11,369 |  |

| Directors' loan accounts | - |  | 172,537 |  |

- |  | 183,906 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | - |  | 8,000 |  |

| Between one and five years | - |  | 24,000 |  |

- |  | 32,000 |  |

10. | RELATED PARTY DISCLOSURES

| All transactions undertaken with connected companies and directors are deemed to be conducted under normal market conditions and/or are not material.