2022-06-012023-05-312023-05-31false13372915IRFON RIVER LEISURE PARKS 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IRFON RIVER LEISURE PARKS LIMITED

Registered Number
13372915
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

IRFON RIVER LEISURE PARKS LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

HILDEN, Jenny
HILDEN, Waynus

Registered Address

Chancery House
41a Hanger Hill
Weybridge
KT13 9XZ

Registered Number

13372915 (England and Wales)
IRFON RIVER LEISURE PARKS LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,473,7641,482,520
1,473,7641,482,520
Current assets
Debtors2,694-
Cash at bank and on hand36,499288,792
39,193288,792
Creditors amounts falling due within one year(119,131)(121,675)
Net current assets (liabilities)(79,938)167,117
Total assets less current liabilities1,393,8261,649,637
Creditors amounts falling due after one year(1,283,160)(1,559,533)
Net assets110,66690,104
Capital and reserves
Called up share capital22
Profit and loss account110,66490,102
Shareholders' funds110,66690,104
The financial statements were approved and authorised for issue by the Board of Directors on 5 October 2023, and are signed on its behalf by:
HILDEN, Jenny
Director
HILDEN, Waynus
Director

Registered Company No. 13372915
IRFON RIVER LEISURE PARKS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
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.
3.Principal activities
The principal activity of the company in the period under review was that of operation of a holiday park home estate.
4.Accounting policies
Turnover policy
The company's principal source of income is from the sale and rental of park homes. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income from sales are recognised when the sale takes place, and income from rentals are recognised over the period to which the rental relates.
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Land and buildings - in accordance with the property Plant and machinery etc - 25% on cost
Intangible assets policy
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.
Taxation policy
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 policy
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.
5.Employee information

20232022
Average number of employees during the year32
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 June 221,491,276
At 31 May 231,491,276
Depreciation and impairment
At 01 June 228,756
Charge for year8,756
At 31 May 2317,513
Net book value
At 31 May 231,473,764
At 31 May 221,482,520
7.Description of nature of transactions and balances with related parties
During the period, total dividends of £76,000 (2022: £82,300) were paid to the directors. At the year end, £560,944 (2022: £1,583,533) was owed to the Directors and is included within other creditors in one and after one year.