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REGISTERED NUMBER: 11558057 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GOLDEN SANDS HOLIDAY PARK LIMITED

GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDEN SANDS HOLIDAY PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: M J Fincham
J C Fincham
M Fincham
J A Fincham
C M Fincham





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 11558057 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 360,000
Tangible assets 5 189,631 191,310
489,631 551,310

CURRENT ASSETS
Stocks 35,221 3,724
Debtors 6 259,407 224,323
Cash at bank and in hand 199,573 273,205
494,201 501,252
CREDITORS
Amounts falling due within one year 7 821,659 770,791
NET CURRENT LIABILITIES (327,458 ) (269,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,173

281,771

CREDITORS
Amounts falling due after more than one year 8 - (7,409 )

PROVISIONS FOR LIABILITIES (6,367 ) (5,205 )
NET ASSETS 155,806 269,157

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 155,706 269,057
SHAREHOLDERS' FUNDS 155,806 269,157

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

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

GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

BALANCE SHEET - continued
30 NOVEMBER 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 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 20 February 2024 and were signed on its behalf by:




M J Fincham - Director J C Fincham - Director




M Fincham - Director J A Fincham - Director




C M Fincham - Director


GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Golden Sands Holiday Park 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 relates to the operation of a holiday park excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

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 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.


GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

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

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 600,000
AMORTISATION
At 1 December 2022 240,000
Charge for year 60,000
At 30 November 2023 300,000
NET BOOK VALUE
At 30 November 2023 300,000
At 30 November 2022 360,000

GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 206,524
Additions 10,757
At 30 November 2023 217,281
DEPRECIATION
At 1 December 2022 15,214
Charge for year 12,436
At 30 November 2023 27,650
NET BOOK VALUE
At 30 November 2023 189,631
At 30 November 2022 191,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 243,587 205,993
Other debtors 15,820 18,330
259,407 224,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 23,938 20,875
Taxation and social security 185,368 174,089
Other creditors 612,353 575,827
821,659 770,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors - 7,409

GOLDEN SANDS HOLIDAY PARK LIMITED (REGISTERED NUMBER: 11558057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
20 Ordinary A £1 20 20
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
20 Ordinary E £1 20 20
100 100