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REGISTERED NUMBER: 05840662 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

S & L Holiday Park Services Ltd

S & L Holiday Park Services Ltd (Registered number: 05840662)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S & L Holiday Park Services Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr L G Toland
Mrs S T Toland





SECRETARY: Mr L G Toland





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 05840662 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

S & L Holiday Park Services Ltd (Registered number: 05840662)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 5,250 7,000
Tangible assets 6 56,413 73,433
Investment property 7 86,374 86,374
148,037 166,807

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 8 39,727 116,575
Cash at bank 4,845 10,670
49,572 132,245
CREDITORS
Amounts falling due within one year 44,691 88,006
NET CURRENT ASSETS 4,881 44,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,918

211,046

CREDITORS
Amounts falling due after more than one
year

25,000

36,052
NET ASSETS 127,918 174,994

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 127,916 174,992
SHAREHOLDERS' FUNDS 127,918 174,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

S & L Holiday Park Services Ltd (Registered number: 05840662)

Abridged Balance Sheet - continued
30 June 2023


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 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




Mrs S T Toland - Director



Mr L G Toland - Director


S & L Holiday Park Services Ltd (Registered number: 05840662)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

S & L Holiday Park Services Ltd 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is provided in respect of investment properties.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

S & L Holiday Park Services Ltd (Registered number: 05840662)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

S & L Holiday Park Services Ltd (Registered number: 05840662)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 35,000
AMORTISATION
At 1 July 2022 28,000
Amortisation for year 1,750
At 30 June 2023 29,750
NET BOOK VALUE

At 30 June 2023 5,250
At 30 June 2022 7,000

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 143,608
DEPRECIATION
At 1 July 2022 70,175
Charge for year 17,020
At 30 June 2023 87,195
NET BOOK VALUE
At 30 June 2023 56,413
At 30 June 2022 73,433


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 86,374
NET BOOK VALUE
At 30 June 2023 86,374
At 30 June 2022 86,374

S & L Holiday Park Services Ltd (Registered number: 05840662)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. INVESTMENT PROPERTY - continued

The freehold investment property was valued on an open market basis at the balance sheet date.

The investment property is accounted for at fair value on an on-going basis.

The historical cost of the freehold investment property was £86,374 (2022 - £86,374).

8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 3,814 1,207

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,426 7,131

The hire purchase contracts are secured over the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr L G Toland and Mrs S T Toland
Balance outstanding at start of year 5,548 -
Amounts advanced 1,825 23,026
Amounts repaid (7,373 ) (17,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,548

The maximum overdrawn balance during the year was £6,990.

The loan was interest free and had no fixed date for repayment.