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Company registration number: 06265244
THE SEASIDE COMPANY DORSET LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 October 2025
THE SEASIDE COMPANY DORSET LIMITED
BALANCE SHEET
31ST OCTOBER 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 5 4,500 7,500
Tangible assets 6 2,314,560 2,375,371
_______ _______
2,319,060 2,382,871
Current assets
Stocks 23,494 30,303
Debtors 7 34,572 18,084
Cash at bank and in hand 27,301 104,005
_______ _______
85,367 152,392
Creditors: amounts falling due
within one year 8 ( 1,283,565) ( 1,020,686)
_______ _______
Net current liabilities ( 1,198,198) ( 868,294)
_______ _______
Total assets less current liabilities 1,120,862 1,514,577
Creditors: amounts falling due
after more than one year 9 ( 900,000) ( 1,163,793)
_______ _______
Net assets 220,862 350,784
_______ _______
Capital and reserves
Called up share capital 10 379,202 379,202
Share premium account 2,405,975 2,405,975
Profit and loss account ( 2,564,315) ( 2,434,393)
_______ _______
Shareholders funds 220,862 350,784
_______ _______
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 June 2026 , and are signed on behalf of the board by:
Ms JR Sturridge
Director
Company registration number: 06265244
THE SEASIDE COMPANY DORSET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST OCTOBER 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Seaside Boarding House, Cliff Road, Bridport, Dorset, DT6 4RB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company continues to meet its day to day financial obligations due to support received from Mr A Mackintosh, a shareholder and director of the company. The directors consider that this support will be continued and the business plan will deliver a profitable business in the future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
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 - 5 % straight line
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 2 % straight line
Plant and machinery - 19 % straight line
Fittings fixtures and equipment - 10 % straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 45 (2024: 40 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1st November 2024 and 31st October 2025 60,000 60,000
_______ _______
Amortisation
At 1st November 2024 52,500 52,500
Charge for the year 3,000 3,000
_______ _______
At 31st October 2025 55,500 55,500
_______ _______
Carrying amount
At 31st October 2025 4,500 4,500
_______ _______
At 31st October 2024 7,500 7,500
_______ _______
6. Tangible assets
Freehold property Long leasehold property Freehold and leasehold properties Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £ £ £
Cost
At 1 Nov '24 and 31 Oct '25 2,824,195 3,750 2,827,945 168,382 210,146 3,206,473
_______ _______ _______ _______ _______ _______
Depreciation
At 1st November 2024 498,604 - 498,604 143,922 188,576 831,102
Charge for the year 52,170 - 52,170 5,585 3,056 60,811
_______ _______ _______ _______ _______ _______
At 31st October 2025 550,774 - 550,774 149,507 191,632 891,913
_______ _______ _______ _______ _______ _______
Carrying amount
At 31st October 2025 2,273,421 3,750 2,277,171 18,875 18,514 2,314,560
_______ _______ _______ _______ _______ _______
At 31st October 2024 2,325,591 3,750 2,329,341 24,460 21,570 2,375,371
_______ _______ _______ _______ _______ _______
7. Debtors
2025 2024
£ £
Trade debtors 1,430 9,802
Other debtors 33,142 8,282
_______ _______
34,572 18,084
_______ _______
8. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 257,907 56,269
Trade creditors 109,451 93,024
Social security and other taxes 149,424 123,825
Other creditors 766,783 747,568
_______ _______
1,283,565 1,020,686
_______ _______
9. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 900,000 1,163,793
_______ _______
10. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares of £ 0.20 each 1,896,011 379,202 1,896,011 379,202
_______ _______ _______ _______
11. Related party transactions
At the balance sheet date an amount of £1,590,397 (2024: £1,540,397) was owed to a director of the company. The loans are crurrently interest free and there is no fixed date for repayment.