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REGISTERED NUMBER: 11277927 (England and Wales)












BOWLAND LAKES LEISURE VILLAGE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022






BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Abridged Balance Sheet 3

Notes to the Financial Statements 4


BOWLAND LAKES LEISURE VILLAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: J C Morphet
P Rossiter





SECRETARY: P Rossiter





REGISTERED OFFICE: South Lakeland House
Main A6
Yealand Redmayne
Carnforth
Lancashire
LA5 9RN





BUSINESS ADDRESS: Cleveley Bank Lane
Forton
Preston
Lancashire
PR3 1BY





REGISTERED NUMBER: 11277927 (England and Wales)






BOWLAND LAKES LEISURE VILLAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

ABRIDGED BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 695,245 695,527

CURRENT ASSETS
Stocks 180,766 199,175
Debtors 8,582 114,780
Cash at bank and in hand 26,150 514,945
215,498 828,900
CREDITORS
Amounts falling due within one year 618,680 1,261,515
NET CURRENT LIABILITIES (403,182 ) (432,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,063

262,912

PROVISIONS FOR LIABILITIES 1,628 1,628
NET ASSETS 290,435 261,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,335 261,184
290,435 261,284

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2022 and were signed on its behalf by:





P Rossiter - Director


BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Bowland Lakes Leisure Village 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the neared £.

Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises purchase price and all costs incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

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.

BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade debtors, other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade creditors, other creditors and amounts due to fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised at fair value where there is a reasonable assurance that the grant will be received and the company will comply with the attached conditions. Government grants are deferred in the statement of profit and loss over the period necessary to match them with the costs that they are intended to compensate. The company received UK government grants in relation to the Coronavirus Job Retention Scheme and also received grants from local authorities due to enforced park closures following local and UK wide restrictions. All grants have been presented as other operating income on a separate line in the statement of profit and loss.

Going concern
The financial statements have been prepared on a going concern basis. The company is part of a large profitable group, which will continue to give support and does not intend to place the company under any undue pressure to repay any intercompany loans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021
and 31 January 2022 695,968
DEPRECIATION
At 1 February 2021 441
Charge for year 282
At 31 January 2022 723
NET BOOK VALUE
At 31 January 2022 695,245
At 31 January 2021 695,527

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Calvert BFP FCA (Senior Statutory Auditor)
for and on behalf of Rushtons

BOWLAND LAKES LEISURE VILLAGE LIMITED (REGISTERED NUMBER: 11277927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under Financial Reporting Standard 102 (Section 33.1A) from disclosing transactions with group companies where consolidated financial statements are prepared.

Included in the security of the Group credit facilities with HSBC, of which the company is a party to, are the assets owned personally by Mr. John Morphet.

7. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent undertaking to be Pure Leisure Group Limited, a company incorporated in the United Kingdom. The registered office address for the parent company is:

South Lakeland House
Main A6
Yealand Redmayne
Carnforth
Lancashire
LA5 9RN.

The ultimate controlling party is John Morphet by way of his controlling interest in the ultimate parent undertaking Pure Leisure Group Limited.

The smallest and largest group in which the results of the company are consolidated is that headed by Pure Leisure Group Limited. The consolidated accounts of this group are available to the public and may be obtained from:

The Registrar of Companies
Companies House
Crown Way
Cardiff
CF14 3UZ.