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Company Registration No. 09577672 (England and Wales)
Pembrokeshire Wake Park Ltd Unaudited accounts for the year ended 31 December 2022
Pembrokeshire Wake Park Ltd Company Information for the year ended 31 December 2022
Directors
Mark Harris Sarah Elizabeth Harris Stephanie Harris
Company Number
09577672 (England and Wales)
Registered Office
Cott Lane Martletwy SA67 8AB
Accountants
Ann Stephens & Co The Lodge Allensbank Narberth Pembs SA67 8RF
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pembrokeshire Wake Park Ltd for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pembrokeshire Wake Park Ltd for the year ended 31 December 2022 as set out on pages 4 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Ann Stephens & Co Chartered Certified Accountants The Lodge Allensbank Narberth Pembs SA67 8RF 29 September 2023
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Pembrokeshire Wake Park Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
298,724 
277,720 
Current assets
Inventories
5,000 
6,575 
Debtors
60 
2,211 
Cash at bank and in hand
10,854 
78,198 
15,914 
86,984 
Creditors: amounts falling due within one year
(227,864)
(249,269)
Net current liabilities
(211,950)
(162,285)
Total assets less current liabilities
86,774 
115,435 
Creditors: amounts falling due after more than one year
(58,295)
(74,955)
Net assets
28,479 
40,480 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
28,476 
40,477 
Shareholders' funds
28,479 
40,480 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Sarah Elizabeth Harris Director Company Registration No. 09577672
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Pembrokeshire Wake Park Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Pembrokeshire Wake Park Ltd is a private company, limited by shares, registered in England and Wales, registration number 09577672. The registered office is Cott Lane, Martletwy, SA67 8AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
185,895 
191,427 
13,300 
4,616 
395,238 
Additions
11,600 
36,144 
- 
2,576 
50,320 
At 31 December 2022
197,495 
227,571 
13,300 
7,192 
445,558 
Depreciation
At 1 January 2022
- 
109,419 
5,975 
2,124 
117,518 
Charge for the year
- 
26,218 
1,831 
1,267 
29,316 
At 31 December 2022
- 
135,637 
7,806 
3,391 
146,834 
Net book value
At 31 December 2022
197,495 
91,934 
5,494 
3,801 
298,724 
At 31 December 2021
185,895 
82,008 
7,325 
2,492 
277,720 
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Pembrokeshire Wake Park Ltd Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,151 
Trade debtors
60 
60 
60 
2,211 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
12,696 
- 
Obligations under finance leases and hire purchase contracts
2,590 
2,590 
Trade creditors
6,499 
7,840 
Taxes and social security
5,665 
9,788 
Other creditors
115,187 
121,397 
Loans from directors
53,027 
76,454 
Accruals
6,600 
4,400 
Deferred income
25,600 
26,800 
227,864 
249,269 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
29,615 
37,845 
Obligations under finance leases and hire purchase contracts
2,384 
4,974 
Other creditors
26,296 
32,136 
58,295 
74,955 
8
Average number of employees
During the year the average number of employees was 48 (2021: 5).
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