Company Registration No. 09914491 (England and Wales)
Spreyer Holiday Parks Ltd
Unaudited accounts
for the year ended 28 February 2023
Spreyer Holiday Parks Ltd
Unaudited accounts
Contents
Spreyer Holiday Parks Ltd
Company Information
for the year ended 28 February 2023
Directors
Mr D M Spreyer
Mr D J Spreyer
Company Number
09914491 (England and Wales)
Registered Office
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
England
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
Spreyer Holiday Parks Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
441,589
359,098
Inventories
281,424
176,502
Cash at bank and in hand
672,480
329,182
Creditors: amounts falling due within one year
(1,672,300)
(1,549,218)
Net current liabilities
(27,189)
(49,883)
Total assets less current liabilities
414,400
309,215
Creditors: amounts falling due after more than one year
(38,733)
(44,305)
Provisions for liabilities
Deferred tax
(67,019)
(51,575)
Net assets
308,648
213,335
Called up share capital
99
99
Profit and loss account
308,456
213,143
Shareholders' funds
308,648
213,335
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Mr D J Spreyer
Director
Company Registration No. 09914491
Spreyer Holiday Parks Ltd
Notes to the Accounts
for the year ended 28 February 2023
Spreyer Holiday Parks Ltd is a private company, limited by shares, registered in England and Wales, registration number 09914491. The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Plant & machinery
25% Reducing Balance
Motor vehicles
Reducing Balance Over 5 Years
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
Straight Line Over Useful Economic Life
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Spreyer Holiday Parks Ltd
Notes to the Accounts
for the year ended 28 February 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
86,758
333,891
4,800
6,125
431,574
Additions
2,100
80,213
24,500
1,070
107,883
At 28 February 2023
88,858
414,104
29,300
7,195
539,457
At 1 March 2022
-
66,508
2,434
3,534
72,476
Charge for the year
-
23,231
1,303
858
25,392
At 28 February 2023
-
89,739
3,737
4,392
97,868
At 28 February 2023
88,858
324,365
25,563
2,803
441,589
At 28 February 2022
86,758
267,383
2,366
2,591
359,098
Amounts falling due within one year
Trade debtors
99,590
212,153
Amounts due from group undertakings etc.
583,314
740,803
Accrued income and prepayments
8,303
24,059
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,571
5,437
Trade creditors
113,775
64,346
Taxes and social security
58,832
115,857
Other creditors
307,984
312,481
Loans from directors
40,197
40,677
Deferred income
1,093,865
978,731
Spreyer Holiday Parks Ltd
Notes to the Accounts
for the year ended 28 February 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
14,994
21,141
8
Transactions with related parties
The company has an outstanding loan of £296,986 (2022: £298,813) owed to Spreyer Brothers Ltd, a company under the common control of directors. The loan is interest free and repayable on demand.
During the year the company paid an invoice on behalf of Spreyer Brothers Management Ltd, a company under the common control of directors. The amount owed to the company, as at the balance sheet date, is £622.
Spreyer Brothers Leisure Limited
24 Halden Field, Rolvenden, Cranbrook, Kent. TN17 4BX
10
Average number of employees
During the year the average number of employees was 18 (2022: 15).