Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28Holiday Park Proprietorstrue2022-03-01false55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05721832 2022-03-01 2023-02-28 05721832 2021-03-01 2022-02-28 05721832 2023-02-28 05721832 2022-02-28 05721832 2021-03-01 05721832 c:Director1 2022-03-01 2023-02-28 05721832 d:Buildings 2022-03-01 2023-02-28 05721832 d:Buildings 2023-02-28 05721832 d:Buildings 2022-02-28 05721832 d:Buildings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05721832 d:PlantMachinery 2022-03-01 2023-02-28 05721832 d:PlantMachinery 2023-02-28 05721832 d:PlantMachinery 2022-02-28 05721832 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05721832 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05721832 d:CurrentFinancialInstruments 2023-02-28 05721832 d:CurrentFinancialInstruments 2022-02-28 05721832 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05721832 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05721832 d:ShareCapital 2023-02-28 05721832 d:ShareCapital 2022-02-28 05721832 d:RetainedEarningsAccumulatedLosses 2023-02-28 05721832 d:RetainedEarningsAccumulatedLosses 2022-02-28 05721832 c:FRS102 2022-03-01 2023-02-28 05721832 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05721832 c:FullAccounts 2022-03-01 2023-02-28 05721832 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05721832 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 05721832 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 05721832 d:RetirementBenefitObligationsDeferredTax 2023-02-28 05721832 d:RetirementBenefitObligationsDeferredTax 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 05721832










DOVERCOURT HOLIDAY LODGES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
DOVERCOURT HOLIDAY LODGES LIMITED
REGISTERED NUMBER: 05721832

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,636,152
1,302,996

  
1,636,152
1,302,996

Current assets
  

Stocks
  
1,910
325,605

Debtors: amounts falling due within one year
 5 
1,330,675
1,022,983

Cash at bank and in hand
  
12,084
62,351

  
1,344,669
1,410,939

Creditors: amounts falling due within one year
 6 
(245,105)
(222,747)

Net current assets
  
 
 
1,099,564
 
 
1,188,192

Total assets less current liabilities
  
2,735,716
2,491,188

Provisions for liabilities
  

Deferred tax
 7 
(4,483)
(1,990)

  
 
 
(4,483)
 
 
(1,990)

Net assets
  
2,731,233
2,489,198


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
2,731,033
2,488,998

  
2,731,233
2,489,198


Page 1

 
DOVERCOURT HOLIDAY LODGES LIMITED
REGISTERED NUMBER: 05721832
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T L Hay
Director

Date: 17 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Dovercourt Holiday Lodges Limited is a private company limited by shares and incorporated in England and Wales, registration number 05721832. The registered office is C/O Larking Gowen, 1st Floor, Prospect House, Rouen Road, Norwich, NR1 1RE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Page 3

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

The Company operates a defined contribution plan for the director and its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both straight line and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Nil / 2% straight line
Plant & machinery
-
20% reducing balance

 
2.8

Stocks

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

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 March 2022
1,462,521
94,037
1,556,558


Additions
338,068
14,510
352,578



At 28 February 2023

1,800,589
108,547
1,909,136



Depreciation


At 1 March 2022
168,835
84,727
253,562


Charge for the year on owned assets
14,658
4,764
19,422



At 28 February 2023

183,493
89,491
272,984



Net book value



At 28 February 2023
1,617,096
19,056
1,636,152



At 28 February 2022
1,293,686
9,310
1,302,996

Included in Freehold Property is Freehold Land at cost of £1,023,068 (2022: £685,000), which is not depreciated.


5.


Debtors

2023
2022
£
£


Other debtors
1,316,528
1,010,528

Prepayments and accrued income
14,147
12,455

1,330,675
1,022,983


Page 6

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,104
14,713

Corporation tax
58,299
40,269

Other taxation and social security
4,725
2,094

Other creditors
24,743
5,113

Accruals and deferred income
149,234
160,558

245,105
222,747



7.


Deferred taxation




2023
2022


£

£






At beginning of year
(1,990)
(1,908)


Charged to profit or loss
(2,493)
(82)



At end of year
(4,483)
(1,990)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,513)
(2,022)

Pension surplus
30
32

(4,483)
(1,990)


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £1,475 (2022: £1,395). Contributions totalling £119 (2022: £126) were payable to the fund at the balance sheet date and are included in creditors.

Page 7

 
DOVERCOURT HOLIDAY LODGES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Related party transactions

At the balance sheet date, included within other creditors is a loan of £14,427 (2022: £4,778) owed to the director which is interest free.
At the balance sheet date, included within other debtors are loans of £1,316,528 (2022: £1,009,028) owed by companies under the control of the director which are interest free.
At the balance sheet date, included within other creditors is a loan of £10,000 (2022: £Nil) owed to a company under the control of the director which is interest free.
On 30 March 2021 a guarantee of up to £500,000 was provided to Armada Investments Limited in regards to credit facilities to Scoots Hire Ltd, a company under the control of the director.

 
Page 8