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Company No: 09714113 (England and Wales)

EDEN MOTORHOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

EDEN MOTORHOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

EDEN MOTORHOMES LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
EDEN MOTORHOMES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR Mr J J J Lyne
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
BUSINESS ADDRESS Eden Motorhomes Limited
Scorrier
Redruth
Cornwall
TR16 5EG
COMPANY NUMBER 09714113 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
EDEN MOTORHOMES LIMITED

BALANCE SHEET

As at 31 August 2023
EDEN MOTORHOMES LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,360 1,694
1,360 1,694
Current assets
Stocks 1,007,917 932,109
Debtors 4 4,282 40,603
Cash at bank and in hand 476,119 265,635
1,488,318 1,238,347
Creditors: amounts falling due within one year 5 ( 229,490) ( 215,483)
Net current assets 1,258,828 1,022,864
Total assets less current liabilities 1,260,188 1,024,558
Provision for liabilities ( 100) ( 64)
Net assets 1,260,088 1,024,494
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,259,988 1,024,394
Total shareholder's funds 1,260,088 1,024,494

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Eden Motorhomes Limited (registered number: 09714113) were approved and authorised for issue by the Director on 07 November 2023. They were signed on its behalf by:

Mr J J J Lyne
Director
EDEN MOTORHOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
EDEN MOTORHOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Eden Motorhomes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Eden Motorhomes Limited, Scorrier, Redruth, Cornwall, TR16 5EG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 7

3. Tangible assets

Leasehold improve-
ments
Computer equipment Total
£ £ £
Cost
At 01 September 2022 4,801 1,378 6,179
Additions 0 528 528
At 31 August 2023 4,801 1,906 6,707
Accumulated depreciation
At 01 September 2022 3,361 1,124 4,485
Charge for the financial year 480 382 862
At 31 August 2023 3,841 1,506 5,347
Net book value
At 31 August 2023 960 400 1,360
At 31 August 2022 1,440 254 1,694

Included within the net book value of land and buildings above is £960 (2022 - £1,440) in respect of short leasehold land and buildings.

4. Debtors

2023 2022
£ £
Other debtors 4,282 40,603

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 89,495 97,587
Taxation and social security 129,139 106,951
Other creditors 10,856 10,945
229,490 215,483

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary Share shares of £ 1.00 each 100 100

7. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
finance leases entered into 178,437 268,240