Yorkshire Coast Stays Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13484657 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2021 TO 31 MARCH 2022

FOR

YORKSHIRE COAST STAYS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Fitzpatrick

Mrs E K Fitzpatrick

REGISTERED OFFICE:

18 Moor Lane

East Ayton

Scarborough

YO13 9EW

REGISTERED NUMBER:

13484657 (England and Wales)

ACCOUNTANTS:

Fortus North Limited

Business Advisors & Accountants

5&6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

338,190

CURRENT ASSETS

Cash at bank

32,000

CREDITORS

Amounts falling due within one year

5

138,218

NET CURRENT LIABILITIES

(106,218

)

TOTAL ASSETS LESS CURRENT LIABILITIES

231,972

CREDITORS

Amounts falling due after more than one year

6

277,200

NET LIABILITIES

(45,228

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(45,328

)

SHAREHOLDERS' FUNDS

(45,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2023 and were signed on its behalf by:

Mrs E K Fitzpatrick - Director

1.	STATUTORY INFORMATION

Yorkshire Coast Stays Ltd 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.

Tangible fixed assets

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

Furniture, fittings and equipment

-

15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

317,196

24,699

341,895

At 31 March 2022

317,196

24,699

341,895

DEPRECIATION

Charge for period

-

3,705

3,705

At 31 March 2022

-

3,705

3,705

NET BOOK VALUE

At 31 March 2022

317,196

20,994

338,190

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

138,218

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

227,200

Amounts owed to associates

50,000

277,200

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

227,200

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.