Seaside Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11117337 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SEASIDE HOMES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

556

741

Investment property

5

200,000

220,000

200,556

220,741

CURRENT ASSETS

Debtors

6

791

441

Cash at bank

2,882

1,906

3,673

2,347

CREDITORS

Amounts falling due within one year

7

77,314

80,774

NET CURRENT LIABILITIES

(73,641

)

(78,427

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

126,915

142,314

CREDITORS

Amounts falling due after more than one
year

8

(50,604

)

(52,744

)

PROVISIONS FOR LIABILITIES

9

(14,480

)

(19,480

)

NET ASSETS

61,831

70,090

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

43,440

58,440

Retained earnings

18,390

11,649

61,831

70,090

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 director acknowledges her 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 director and authorised for issue on 24 September 2026 and were signed by:

T L Gent - Director

1.	STATUTORY INFORMATION

Seaside Homes Limited 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:

11117337

Registered office:

Seaside Homes

Flat 3

113-115 Seaside Road

Eastbourne

East Sussex

BN21 3PT

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 as modified by the revaluation of certain assets.

Going concern

Based on the director's continued support and review of the company's expected performance and projected cash flows, the director has concluded that these financial statements should be prepared on a going concern basis.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover

Turnover represents amounts receivable by the company in respect of rent receivable during the period.

Turnover is exempt from value added tax.

Turnover is recognised based on the period rentals relate to.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and 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 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.

3.

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

1,488

DEPRECIATION

At 1 January 2025

747

Charge for year

185

At 31 December 2025

932

NET BOOK VALUE

At 31 December 2025

556

At 31 December 2024

741

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

220,000

Revaluations

(20,000

)

At 31 December 2025

200,000

NET BOOK VALUE

At 31 December 2025

200,000

At 31 December 2024

220,000

If investment properties had not been revalued, they would have been included at the historical cost £142,080, (2025: £142,080).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Prepayments and accrued income

791

441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,841

Other creditors

800

1,600

Directors' current accounts

67,161

69,893

Accruals and deferred income

1,512

1,440

77,314

80,774

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-5 years

39,203

Bank loans more 5 yrs non-inst

11,401

13,541

50,604

52,744

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

11,401

13,541

Lloyds Bank PLC have a fixed & floating charge over all current and future assets of the company.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

14,480

19,480

Deferred

tax

£

Balance at 1 January 2025

19,480

Movement during year

(5,000

)

Balance at 31 December 2025

14,480