Company registration number 14458830 (England and Wales)
GREEN LANE HOLIDAY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GREEN LANE HOLIDAY PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
GREEN LANE HOLIDAY PARK LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
4
820,974
Current assets
Debtors
5
2,721
Cash at bank and in hand
12,669
15,390
Creditors: amounts falling due within one year
6
(388,695)
Net current liabilities
(373,305)
Total assets less current liabilities
447,669
Creditors: amounts falling due after more than one year
7
(442,028)
Net assets
5,641
Capital and reserves
Called up share capital
100
Profit and loss reserves
5,541
Total equity
5,641
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 1 August 2024
Mrs S M Boswell
Director
Company registration number 14458830 (England and Wales)
GREEN LANE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
Green Lane Holiday Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.
1.1
Reporting period
These financial statements represent the first period since incorporation and as such do not have comparative figures. The financial statements cover the period 2 November 2022 to 30 November 2023.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Income attributable to the financial year, excluding value added tax, is recognised as follows:
- Site fees and hire charges, over the period covered by the fees and charges
- Other sales, reimbursements and receipts, according to the period specified or contracted.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Nil
Plant and equipment
25% straight line
Fixtures and fittings
20% straight line
Computers
33% straight line
Motor vehicles
25% straight line
No depreciation is provided in respect in respect of freehold property as a significant element of the cost relates to land. In addition, it is company policy to maintain and improve the buildings to a standard where depreciation is insignificant with regard to the life of the assets. The company will consider the need for an impairment review should there be a change in the company's circumstances.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
GREEN LANE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
GREEN LANE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
- 4 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 2 November 2022
Additions
810,304
8,578
833
750
1,900
822,365
At 30 November 2023
810,304
8,578
833
750
1,900
822,365
Depreciation and impairment
At 2 November 2022
Depreciation charged in the period
819
111
144
317
1,391
At 30 November 2023
819
111
144
317
1,391
Carrying amount
At 30 November 2023
810,304
7,759
722
606
1,583
820,974
5
Debtors
2023
Amounts falling due within one year:
£
Other debtors
2,721
6
Creditors: amounts falling due within one year
2023
£
Bank loans
35,862
Trade creditors
204
Other creditors
324,528
Accruals and deferred income
28,101
388,695
Included in creditors falling due within one year are bank loans secured by fixed and floating charges covering the assets of the company.
7
Creditors: amounts falling due after more than one year
2023
£
Bank loans
442,028
Included in creditors falling due after more than one year are bank loans secured by fixed and floating charges covering the assets of the company.
GREEN LANE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
7
Creditors: amounts falling due after more than one year
(Continued)
- 5 -
Amounts included above which fall due after five years are as follows:
Payable by instalments
298,581