SEACOAST LTD
SEACOAST LTD
Registered number: 05045461
Unaudited Financial Statements
For The Year Ended 28 February 2019
C Rosen & Co
ACCA
50 Craven Park Road
South Tottenham
London
N15 6AB
SEACOAST LTD
Unaudited Financial Statements
For The Year Ended 28 February 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
SEACOAST LTD
Balance Sheet
As at
28 February 2019
Balance Sheet
Registered number:
05045461
For the year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 3,607 | (2,168) | |||
Page 1
SEACOAST LTD
Balance Sheet (continued)
As at
28 February 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
SEACOAST LTD
Notes to the Financial Statements
For The Year Ended 28 February 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the rent or received or receivable.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Motor Vehicles |
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2.
Tangible Assets
| Land & Property | |||
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| Freehold | Motor Vehicles | Total | |
| £ | £ | £ | |
| Cost | |||
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| Depreciation | |||
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| Net Book Value | |||
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3.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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Page 3
SEACOAST LTD
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2019
4.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Accruals and deferred income |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Bank loans |
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6.
Share Capital
| 2019 | 2018 | ||
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| Allotted, Called up and fully paid |
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| Value | Number | 2019 | 2018 | ||
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| Allotted, called up and fully paid | £ | £ | £ | ||
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1 | 1 | |
7.
Ultimate Controlling Party
The company's ultimate controlling party is Mr. Joseph Benedikt by virtue of his ownership of 100% of the issued share capital in the company.
8.
General Information
SEACOAST LTD is a private company, limited by shares, incorporated in England & Wales, registered number 05045461 . The registered office is 50 Craven Park Road, South Tottenham, London, N15 6AB.
Page 4