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REGISTERED NUMBER: 07188399 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Heathside Haven Limited

Heathside Haven Limited (Registered number: 07188399)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Heathside Haven Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J G Wright
K R Wright



REGISTERED OFFICE: The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG



BUSINESS ADDRESS: Blackheath Road
Wenhaston
Suffolk
IP19 9EU



REGISTERED NUMBER: 07188399 (England and Wales)



ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG



BANKERS: Lloyds TSB
43 The Thoroughfare
Halesworth
Suffolk
IP19 8AX

Heathside Haven Limited (Registered number: 07188399)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,710,112 2,079,194

CURRENT ASSETS
Stocks 13,702 11,276
Debtors 5 5,157 8,776
Cash at bank and in hand 118,401 247,212
137,260 267,264
CREDITORS
Amounts falling due within one year 6 85,271 132,964
NET CURRENT ASSETS 51,989 134,300
TOTAL ASSETS LESS CURRENT LIABILITIES 4,762,101 2,213,494

CREDITORS
Amounts falling due after more than one year 7 (1,050,000 ) (1,300,000 )

PROVISIONS FOR LIABILITIES 8 (703,460 ) (33,670 )
NET ASSETS 3,008,641 879,824

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 2,014,964 -
Retained earnings 993,577 879,724
SHAREHOLDERS' FUNDS 3,008,641 879,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Heathside Haven Limited (Registered number: 07188399)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:





K R Wright - Director


Heathside Haven Limited (Registered number: 07188399)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Heathside Haven 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net value of shop sales and the hire of lodges and the caravan site, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Site development - 2% straight line on buildings
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Assets are initially measured at cost, comprising the purchase price and any costs attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the directors.

Plant and machinery, fixtures and fittings, and computer equipment are carried in the balance sheet at depreciated historical cost basis.

Site development is measured at fair value determined as current sales value.

Assets included in the balance sheet at fair value are revalued sufficiently regularly to ensure that their carrying amount is not materially different from their current value at the end of the financial year. Revalued amounts are reflected in the revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Heathside Haven Limited (Registered number: 07188399)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 2,419,563 279,207 2,698,770
Additions - 894 894
Revaluations 3,252,865 - 3,252,865
At 31 March 2023 5,672,428 280,101 5,952,529
DEPRECIATION
At 1 April 2022 372,791 246,785 619,576
Charge for year 48,391 8,204 56,595
Revaluation adjustments 566,246 - 566,246
At 31 March 2023 987,428 254,989 1,242,417
NET BOOK VALUE
At 31 March 2023 4,685,000 25,112 4,710,112
At 31 March 2022 2,046,772 32,422 2,079,194

Heathside Haven Limited (Registered number: 07188399)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 3,252,865 - 3,252,865
Cost 2,419,563 280,101 2,699,664
5,672,428 280,101 5,952,529

If land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,419,563 2,419,563
Aggregate depreciation 421,182 372,791

Land and buildings were valued on an open market basis on 31 March 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,157 4,814
Other debtors - 3,962
5,157 8,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,307 30,886
Taxation and social security 55,800 87,077
Other creditors 12,164 15,001
85,271 132,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,050,000 1,300,000

Heathside Haven Limited (Registered number: 07188399)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Capital allowances in excess of deprecation 31,805 33,670
On revaluation 671,655 -
703,460 33,670

Deferred
tax
£   
Balance at 1 April 2022 33,670
Provided during year 669,790
Balance at 31 March 2023 703,460

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
Land & buildings 2,014,964

At 31 March 2023 2,014,964

11. RELATED PARTY DISCLOSURES

Other creditors due within one year and after one year include a total amount owed to the directors of £1,056,543 (2022 - £1,306,572).