REGISTERED NUMBER: 02746051 (England and Wales)

COASTAL DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Leggatt

S C Leggatt

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

02746051 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

173,639

173,702

CURRENT ASSETS

Stocks

5

3,587,233

3,587,233

Debtors

6

4,252,178

4,129,160

Cash at bank

153,101

139,457

7,992,512

7,855,850

CREDITORS

Amounts falling due within one year

7

(1,749,078

)

(1,659,811

)

NET CURRENT ASSETS

6,243,434

6,196,039

TOTAL ASSETS LESS CURRENT LIABILITIES

6,417,073

6,369,741

CREDITORS

Amounts falling due after more than one year

8

(3,537,500

)

(3,537,500

)

NET ASSETS

2,879,573

2,832,241

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,879,473

2,832,141

SHAREHOLDERS' FUNDS

2,879,573

2,832,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 21 July 2026 and were signed on its behalf by:

A W Leggatt - Director

1.	STATUTORY INFORMATION

Coastal Developments Limited 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.

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.

Turnover

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

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

and 31 March 2026

173,570

2,000

6,000

2,865

184,435

DEPRECIATION

At 1 April 2025

-

1,982

5,940

2,811

10,733

Charge for year

-

5

15

43

63

At 31 March 2026

-

1,987

5,955

2,854

10,796

NET BOOK VALUE

At 31 March 2026

173,570

13

45

11

173,639

At 31 March 2025

173,570

18

60

54

173,702

5.

STOCKS

2026

2025

£

£

Stocks

3,587,233

3,587,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Sundry debtors

735

735

A.W.L Holdings Limited

4,251,443

4,128,425

4,252,178

4,129,160

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Coastal Construction (SE) Ltd

426,722

426,722

Corporation Tax

15,798

19,302

Social security and other taxes

568

-

Sundry creditors

91,950

79,450

Rent deposits held

56,466

61,682

Coastal Dev. Greenhill Ltd

983,769

874,769

Directors' current accounts

170,446

194,358

Accrued expenses

3,359

3,528

1,749,078

1,659,811

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more 5 yrs non-inst

3,537,500

3,537,500

2026

2025

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,537,500

3,537,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

3,537,500

3,537,500

The bank loan is secured against the freehold property held by the company as stock, as at the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A W Leggatt.