COASTAL_RETREATS_LIMITED - Accounts

COASTAL RETREATS LIMITED - Company Information

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Company Registration No. 06435257 (England and Wales)

COASTAL RETREATS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Evolution Business and Tax Advisors LLP

Wynyard Park House

Wynyard Avenue

Wynyard

TS22 5TB

COASTAL RETREATS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

COASTAL RETREATS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

241,289

236,970

Current assets

Debtors

120,581

131,999

Cash at bank and in hand

378,507

319,200

499,088

451,199

Creditors: amounts falling due within one year

(469,929)

(425,302)

Net current assets

29,159

25,897

Total assets less current liabilities

270,448

262,867

Creditors: amounts falling due after more than one year

(126,435)

(138,587)

144,013

124,280

Capital and reserves

Called up share capital

Profit and loss account

144,012

124,279

Shareholders' funds

144,013

124,280

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 December 2015

Ms F McKeith

Director

Company Registration No. 06435257

COASTAL RETREATS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has cash resources and has no requirement for external funding. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. She continues to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover comprises revenue recognised by the company in respect of property management income net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

Computer equipment

25% straight line

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

COASTAL RETREATS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

252,742

Additions

12,480

At 31 March 2015

265,222

Depreciation

At 1 April 2014

15,772

Charge for the year

8,161

At 31 March 2015

23,933

Net book value

At 31 March 2015

241,289

At 31 March 2014

236,970

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £10,876 (2014 - £9,600).

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

82,929

100,187

The aggregate amount of creditors for which security has been given amounted to £126,435 (2014 - £138,587).