REGISTERED NUMBER: 05268035 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SHELLS BY THE BEACH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Crane

Mrs M Crane

SECRETARY:

Mrs M Crane

REGISTERED OFFICE:

Holmewood

Football Green

Hornsea

East Yorkshire

HU18 1RA

REGISTERED NUMBER:

05268035 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

339

111,293

Investment property

5

180,000

-

180,339

111,293

CURRENT ASSETS

Cash at bank

1,808

1,654

CREDITORS

Amounts falling due within one year

6

113,624

112,815

NET CURRENT LIABILITIES

(111,816

)

(111,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,523

132

PROVISIONS FOR LIABILITIES

64

79

NET ASSETS

68,459

53

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

68,457

51

SHAREHOLDERS' FUNDS

68,459

53

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 April 2026 and were signed on its behalf by:

J A Crane - Director

Mrs M Crane - Director

1.	STATUTORY INFORMATION

Shells By The Beach Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Holmwood, Football Green, Hornsea, HU18 1RA.

The principal activity of the company is that of letting a restaurant property.

The presentational currency of the financial statements is 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 taxation

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 November 2024

110,915

982

111,897

Reclassification/transfer

(110,915

)

-

(110,915

)

At 31 October 2025

-

982

982

DEPRECIATION

At 1 November 2024

-

604

604

Charge for year

-

39

39

At 31 October 2025

-

643

643

NET BOOK VALUE

At 31 October 2025

-

339

339

At 31 October 2024

110,915

378

111,293

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

69,085

Reclassification/transfer

110,915

At 31 October 2025

180,000

NET BOOK VALUE

At 31 October 2025

180,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2025

69,085

Cost

110,915

180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

110,915

-

The investment property was valued on an open market basis on 31 October 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

21

Other creditors

113,624

112,794

113,624

112,815

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are loans to the company from the directors:

J A Crane

The balance owing to J A Crane at 31 October 2025 was £38,186.

(2024 £37,386).

Mrs M Crane

The balance owing to Mrs M Crane at 31 October 2025 was £74,778.

(2024 £74,778).

The loans were made on an interest free basis and are repayable on demand.

8.	ULTIMATE CONTROLLING PARTY