Holsome Park Enterprises Ltd 13052165 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of wedding, camping and lesiure facilities. Digita Accounts Production Advanced 6.30.9574.0 true 13052165 2023-04-01 2024-03-31 13052165 2024-03-31 13052165 core:RetainedEarningsAccumulatedLosses 2024-03-31 13052165 core:ShareCapital 2024-03-31 13052165 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13052165 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13052165 bus:SmallEntities 2023-04-01 2024-03-31 13052165 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13052165 bus:FullAccounts 2023-04-01 2024-03-31 13052165 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13052165 bus:RegisteredOffice 2023-04-01 2024-03-31 13052165 bus:Director1 2023-04-01 2024-03-31 13052165 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13052165 core:LandBuildings 2023-04-01 2024-03-31 13052165 core:PlantMachinery 2023-04-01 2024-03-31 13052165 countries:England 2023-04-01 2024-03-31 13052165 2023-03-31 13052165 2022-04-01 2023-03-31 13052165 2023-03-31 13052165 core:RetainedEarningsAccumulatedLosses 2023-03-31 13052165 core:ShareCapital 2023-03-31 13052165 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13052165 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13052165

Holsome Park Enterprises Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Holsome Park Enterprises Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Holsome Park Enterprises Ltd

(Registration number: 13052165)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,759

29,130

Current assets

 

Debtors

65,983

59,032

Cash at bank and in hand

 

11,797

24,128

 

77,780

83,160

Creditors: Amounts falling due within one year

5

(11,895)

(25,065)

Net current assets

 

65,885

58,095

Total assets less current liabilities

 

96,644

87,225

Creditors: Amounts falling due after more than one year

6

(19,146)

(25,710)

Provisions for liabilities

(5,654)

(5,345)

Net assets

 

71,844

56,170

Capital and reserves

 

Called up share capital

103

103

Profit and loss account

71,741

56,067

Total equity

 

71,844

56,170

For the financial year ending 31 March 2024 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 14 August 2024
 

Dr L Lethbridge

Director

 

Holsome Park Enterprises Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Holsome Park
Diptford
Totnes
Devon
TQ9 7NA

These financial statements were authorised for issue by the director on 14 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Holsome Park Enterprises Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% Straight line

Plant and machinery

20% Reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

36,162

Additions

9,069

At 31 March 2024

45,231

Depreciation

At 1 April 2023

7,032

Charge for the year

7,440

At 31 March 2024

14,472

Carrying amount

At 31 March 2024

30,759

At 31 March 2023

29,130

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,564 (2023 £6,564)

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £19,145 (2023: 25,710)