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REGISTERED NUMBER: 04706667 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2016 to 31 March 2017

for

Above Beach Cottages Ltd

Above Beach Cottages Ltd (Registered number: 04706667)






Contents of the Financial Statements
for the Period 1 January 2016 to 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Above Beach Cottages Ltd

Company Information
for the Period 1 January 2016 to 31 March 2017







DIRECTOR: Mr S G Tolson





SECRETARY: Mr S G Tolson





REGISTERED OFFICE: The Net Loft
The Moors
Porthleven
HELSTON
Cornwall
TR13 9JX





REGISTERED NUMBER: 04706667 (England and Wales)





ACCOUNTANTS: S&T Accountants Ltd
2 Higher Barn
Higher Woodsford
DORCHESTER
Dorset
DT2 8BT

Above Beach Cottages Ltd (Registered number: 04706667)

Balance Sheet
31 March 2017

Notes £    £   
FIXED ASSETS
Intangible assets 4 121,450
Tangible assets 5 1,338
122,788

CURRENT ASSETS
Debtors 6 59,644
Cash at bank 205,485
265,129
CREDITORS
Amounts falling due within one year 7 331,639
NET CURRENT LIABILITIES (66,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,278

CREDITORS
Amounts falling due after more than one
year

8

70,903
NET LIABILITIES (14,625 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (14,725 )
SHAREHOLDERS' FUNDS (14,625 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Above Beach Cottages Ltd (Registered number: 04706667)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 October 2017 and were signed by:





Mr S G Tolson - Director


Above Beach Cottages Ltd (Registered number: 04706667)

Notes to the Financial Statements
for the Period 1 January 2016 to 31 March 2017

1. STATUTORY INFORMATION

Above Beach Cottages 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 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.

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 period was 8 .

Above Beach Cottages Ltd (Registered number: 04706667)

Notes to the Financial Statements - continued
for the Period 1 January 2016 to 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016 100,000
Additions 105,000
At 31 March 2017 205,000
AMORTISATION
At 1 January 2016 40,000
Charge for period 43,550
At 31 March 2017 83,550
NET BOOK VALUE
At 31 March 2017 121,450
At 31 December 2015 60,000

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2016 - 1,397 1,397
Additions 1,000 478 1,478
At 31 March 2017 1,000 1,875 2,875
DEPRECIATION
At 1 January 2016 - 1,090 1,090
Charge for period 250 197 447
At 31 March 2017 250 1,287 1,537
NET BOOK VALUE
At 31 March 2017 750 588 1,338
At 31 December 2015 - 307 307

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 59,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 6,121
Trade creditors 1
Taxation and social security 31,421
Other creditors 294,096
331,639

Above Beach Cottages Ltd (Registered number: 04706667)

Notes to the Financial Statements - continued
for the Period 1 January 2016 to 31 March 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 70,903

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

All transactions with the Directors are entered through the Directors Current Account.