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REGISTERED NUMBER: 04692554 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PROJEN HOLIDAYS LIMITED

PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJEN HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs G M Jennings
G P Jennings
Mrs S Jennings





SECRETARY: Mrs G M Jennings





REGISTERED OFFICE: Watergate Bay Holiday Park
Tregurrian
Watergate Bay
Newquay
Cornwall
TR8 4AD





REGISTERED NUMBER: 04692554 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650,532 615,801

CURRENT ASSETS
Stocks 800 800
Debtors 5 11,084 6,245
Investments 6 480,423 477,169
Cash at bank and in hand 418,104 383,767
910,411 867,981
CREDITORS
Amounts falling due within one year 7 216,114 275,231
NET CURRENT ASSETS 694,297 592,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,344,829

1,208,551

PROVISIONS FOR LIABILITIES 99,979 69,385
NET ASSETS 1,244,850 1,139,166

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,244,846 1,139,162
SHAREHOLDERS' FUNDS 1,244,850 1,139,166

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.

PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)

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 8 November 2023 and were signed on its behalf by:





Mrs G M Jennings - Director


PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Projen Holidays 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.

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.

Turnover
Turnover represents holiday park receipts for accommodation, together with other site takings and net invoiced sales of goods and services, 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.
Caravans, fittings & equipment - 15% on reducing balance
Tractors - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements Caravans,
to fittings
property & equipment Tractors
£    £    £   
COST
At 1 April 2022 365,387 725,104 60,957
Additions - 61,965 -
Disposals - (21,322 ) -
At 31 March 2023 365,387 765,747 60,957
DEPRECIATION
At 1 April 2022 - 491,866 53,951
Charge for year - 43,807 1,751
Eliminated on disposal - (18,171 ) -
At 31 March 2023 - 517,502 55,702
NET BOOK VALUE
At 31 March 2023 365,387 248,245 5,255
At 31 March 2022 365,387 233,238 7,006

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 15,950 19,524 1,186,922
Additions 25,499 5,866 93,330
Disposals - (1,357 ) (22,679 )
At 31 March 2023 41,449 24,033 1,257,573
DEPRECIATION
At 1 April 2022 14,264 11,040 571,121
Charge for year 6,796 2,814 55,168
Eliminated on disposal - (1,077 ) (19,248 )
At 31 March 2023 21,060 12,777 607,041
NET BOOK VALUE
At 31 March 2023 20,389 11,256 650,532
At 31 March 2022 1,686 8,484 615,801

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,915 -
Prepayments and accrued income 9,169 6,245
11,084 6,245

PROJEN HOLIDAYS LIMITED (REGISTERED NUMBER: 04692554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Parminion 480,423 477,169

The market value of the investment held at 31 March 2023 is £484,368.65..

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 32,004 5,253
Tax 37,774 82,997
Social security and other taxes - 16,346
Other creditors 15,778 39,415
Directors' current accounts 22,325 22,854
Accrued expense and deferred income 108,233 108,366
216,114 275,231

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by its directors, Mrs G M Jennings, G P Jennings and Mrs S Jennings, by virtue of the fact that between them they owned 100% of the company's issued ordinary share capital.