Company registration number 07528352 (England and Wales)
LIME TREE HOLIDAY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LIME TREE HOLIDAY PARK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
LIME TREE HOLIDAY PARK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
13,395
19,643
Tangible assets
4
3,405,330
3,250,864
3,418,725
3,270,507
Current assets
Stocks
105,657
94,907
Debtors
5
15,700
2,965
Cash at bank and in hand
148,546
211,866
269,903
309,738
Creditors: amounts falling due within one year
6
(1,146,992)
(1,163,302)
Net current liabilities
(877,089)
(853,564)
Total assets less current liabilities
2,541,636
2,416,943
Creditors: amounts falling due after more than one year
7
(728,663)
(787,157)
Provisions for liabilities
(6,853)
(10,432)
Net assets
1,806,120
1,619,354
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
1,806,118
1,619,352
Total equity
1,806,120
1,619,354

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 year 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.

LIME TREE HOLIDAY PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 August 2024 and are signed on its behalf by:
Mr  R Hidderley
Director
Company registration number 07528352 (England and Wales)
LIME TREE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Lime Tree Holiday Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Compton Street, Ashbourne, Derbyshire, DE6 1BX. The company registration number is 07528352.

1.1
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

LIME TREE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

Amortisation 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:

Website
10% On cost
1.5
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:

Land and buildings Freehold
No depreciation charge
Plant and machinery
20% Reducing balance
Hire fleet
20% Reducing balance
Computer equipment
33% Reducing balance
Motor vehicles
33% Reducing balance

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.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash at bank and in hand

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.

Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

LIME TREE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2023 - 8).

 

3
Intangible fixed assets
Goodwill
Website
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
145,000
4,483
149,483
Amortisation and impairment
At 1 April 2023
127,600
2,240
129,840
Amortisation charged for the year
5,800
448
6,248
At 31 March 2024
133,400
2,688
136,088
Carrying amount
At 31 March 2024
11,600
1,795
13,395
At 31 March 2023
17,400
2,243
19,643
LIME TREE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Hire fleet
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
3,209,137
56,049
162,328
3,723
2,496
3,433,733
Additions
162,690
249
-
0
-
0
-
0
162,939
At 31 March 2024
3,371,827
56,298
162,328
3,723
2,496
3,596,672
Depreciation and impairment
At 1 April 2023
-
0
39,871
137,363
3,238
2,397
182,869
Depreciation charged in the year
-
0
3,287
4,993
160
33
8,473
At 31 March 2024
-
0
43,158
142,356
3,398
2,430
191,342
Carrying amount
At 31 March 2024
3,371,827
13,140
19,972
325
66
3,405,330
At 31 March 2023
3,209,137
16,178
24,965
485
99
3,250,864
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,405
1,143
Other debtors
2,295
1,822
15,700
2,965
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
62,034
64,509
Trade creditors
92,849
81,480
Corporation tax
21,611
49,990
Other taxation and social security
19,564
812
Other creditors
950,934
966,511
1,146,992
1,163,302
LIME TREE HOLIDAY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
728,663
787,157
8
Called up share capital
2024
2023
£
£
Issued and fully paid
199 Ordinary £0.01 of 1p each
2
2
1 Ordinary A £0.01 of 1p each
-
-
2
2
9
Related party transactions

Included in other creditors is £780,183 (2023: £809,352) owing to the directors.

2024-03-312023-04-01false08 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr R HidderleyMrs J Goodefalsefalse075283522023-04-012024-03-31075283522024-03-31075283522023-03-3107528352core:Goodwill2024-03-3107528352core:ComputerSoftware2024-03-3107528352core:Goodwill2023-03-3107528352core:ComputerSoftware2023-03-3107528352core:LandBuildingscore:OwnedOrFreeholdAssets2024-03-3107528352core:PlantMachinery2024-03-3107528352core:FurnitureFittings2024-03-3107528352core:ComputerEquipment2024-03-3107528352core:MotorVehicles2024-03-3107528352core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3107528352core:PlantMachinery2023-03-3107528352core:FurnitureFittings2023-03-3107528352core:ComputerEquipment2023-03-3107528352core:MotorVehicles2023-03-3107528352core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3107528352core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107528352core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3107528352core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3107528352core:CurrentFinancialInstruments2024-03-3107528352core:CurrentFinancialInstruments2023-03-3107528352core:ShareCapital2024-03-3107528352core:ShareCapital2023-03-3107528352core:RetainedEarningsAccumulatedLosses2024-03-3107528352core:RetainedEarningsAccumulatedLosses2023-03-3107528352core:ShareCapitalOrdinaryShares2024-03-3107528352core:ShareCapitalOrdinaryShares2023-03-3107528352bus:Director12023-04-012024-03-3107528352core:Goodwill2023-04-012024-03-3107528352core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107528352core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-012024-03-3107528352core:PlantMachinery2023-04-012024-03-3107528352core:ComputerEquipment2023-04-012024-03-3107528352core:MotorVehicles2023-04-012024-03-3107528352core:Goodwill2023-03-3107528352core:ComputerSoftware2023-03-31075283522023-03-3107528352core:ComputerSoftware2023-04-012024-03-3107528352core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-3107528352core:PlantMachinery2023-03-3107528352core:FurnitureFittings2023-03-3107528352core:ComputerEquipment2023-03-3107528352core:MotorVehicles2023-03-3107528352core:FurnitureFittings2023-04-012024-03-3107528352core:WithinOneYear2024-03-3107528352core:WithinOneYear2023-03-3107528352core:Non-currentFinancialInstruments2024-03-3107528352core:Non-currentFinancialInstruments2023-03-3107528352bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107528352bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107528352bus:FRS1022023-04-012024-03-3107528352bus:AuditExemptWithAccountantsReport2023-04-012024-03-3107528352bus:Director22023-04-012024-03-3107528352bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP