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REGISTERED NUMBER: 00446585 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Retreat Estates Burnham-on-Sea
Limited

The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)






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


The Retreat Estates Burnham-on-Sea
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr R B W Jackson
Mrs R A Jackson
Mrs S J Miles





SECRETARY: Mrs R A Jackson





REGISTERED OFFICE: Park Office Retreat Caravan Park
Berrow Road
Burnham-on-Sea
Somerset
TA8 2ES





REGISTERED NUMBER: 00446585 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

Balance Sheet
31 March 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,894,858 4,921,435
Investments 5 40,000 40,000
4,934,858 4,961,435

CURRENT ASSETS
Stocks 678,626 119,404
Debtors 6 60,626 49,878
Cash at bank and in hand 159,618 395,795
898,870 565,077
CREDITORS
Amounts falling due within one year 7 655,832 382,182
NET CURRENT ASSETS 243,038 182,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,177,896

5,144,330

PROVISIONS FOR LIABILITIES 685,771 687,063
NET ASSETS 4,492,125 4,457,267

CAPITAL AND RESERVES
Called up share capital 8 44,000 44,000
Revaluation reserve 9 3,433,139 3,433,139
Retained earnings 1,014,986 980,128
SHAREHOLDERS' FUNDS 4,492,125 4,457,267

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.

The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

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 23 October 2023 and were signed on its behalf by:




Mr R B W Jackson - Director



Mrs R A Jackson - Director


The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Retreat Estates Burnham-on-Sea 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and adjusted for current market conditions or other factors. The Directors makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom be exactly the same as related actual results. The estimates, assumptions and management judgements that carry a significant risk of material adjustments to the carrying amounts of assets and liabilities within the next financial year are outlined below.

Principal assumptions underlying the Directors’ estimation of fair value of investment property
Investment properties are measured at fair value based on open market value of the property. Current economic developments and uncertainties will therefore influence the valuation of our investment properties.

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

Revenue and associated costs from the sale of caravans is recognised when the significant risks and rewards of ownership have passed to the buyer, usually on the completion of a sale. Other streams of revenue including income from pitch fees are recognised in the period to which the income relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 10-33% straight line method
Motor vehicles - 25% on cost

The Caravan Park is shown at fair value, being the most recent valuation. Any aggregate surplus or deficit
arising from changes in fair value is recognised in profit or loss in the year of valuation.

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

Financial instruments
The company has only assets and liabilities that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at fair value.

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.


The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.

Prior period adjustment
Where corrections are required to comparative figures, these are adjusted in the earliest period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Caravan and Motor
property park fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 493,313 4,500,000 50,465 182,997 5,226,775
Additions - - 17,156 - 17,156
At 31 March 2023 493,313 4,500,000 67,621 182,997 5,243,931
DEPRECIATION
At 1 April 2022 153,401 - 23,699 128,240 305,340
Charge for year 9,866 - 11,585 22,282 43,733
At 31 March 2023 163,267 - 35,284 150,522 349,073
NET BOOK VALUE
At 31 March 2023 330,046 4,500,000 32,337 32,475 4,894,858
At 31 March 2022 339,912 4,500,000 26,766 54,757 4,921,435

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts
included would have been as follows:

20232022
££

Cost616,491616,491
Accumulated depreciation(193,950)(181,620)
Carrying value422,541434,871

The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE
At 31 March 2023 40,000
At 31 March 2022 40,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 9,939 18,188
Other debtors 50,687 31,690
60,626 49,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 512,967 192,959
Taxation and social security 106,460 120,332
Other creditors 36,405 68,891
655,832 382,182

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
44,000 Ordinary share capital 1 44,000 44,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 3,433,139

The revaluation reserve represents the excess in fair value of the Caravan Park over and above historic cost. Deferred tax is provided on all revaluations on the basis that tax will not become payable on these gains until they crystalise on sale.

10. RELATED PARTY DISCLOSURES

During the year Mr R B W Jackson received dividends of £3.30 (2022 - £3) and Mrs R A Jackson received dividends of £2.75 (2022 - £2.50).

During the year the parent entity, Sundale Limited, received dividends of £24,193.95 (2022 - £21,994.50).

The Retreat Estates Burnham-on-Sea
Limited (Registered number: 00446585)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. PARENT COMPANY

In the opinion of the directors the company's parent company is Sundale Limited, a company incorporated in the Isle of Man. The registered office of Sundale Limited is 8 St. George's Street, Douglas, Isle of man, IM1 1AH.

Sundale Limited is not required to prepare consolidated financial statements.

The Trustees of IMD Jackson Discretionary Settlement Trust, Roanne (Nominees) Limited, are considered to be the ultimate controlling parties of Sundale Limited.