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Company No: 13836804 (England and Wales)

DEVON VALLEY PARK LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

DEVON VALLEY PARK LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

DEVON VALLEY PARK LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
DEVON VALLEY PARK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS R Hardick
M Newing
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 13836804 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
DEVON VALLEY PARK LIMITED

BALANCE SHEET

As at 30 November 2023
DEVON VALLEY PARK LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 30.11.2023 30.11.2022
£ £
Fixed assets
Investments 3 4,187,770 4,187,770
4,187,770 4,187,770
Current assets
Debtors 4 27,917 24,583
Cash at bank and in hand 7,901 0
35,818 24,583
Creditors: amounts falling due within one year 5 ( 3,447,980) ( 1,360,096)
Net current liabilities (3,412,162) (1,335,513)
Total assets less current liabilities 775,608 2,852,257
Creditors: amounts falling due after more than one year 6 ( 381,776) ( 2,299,606)
Net assets 393,832 552,651
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 393,831 552,650
Total shareholder's funds 393,832 552,651

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Devon Valley Park Limited (registered number: 13836804) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

R Hardick
Director
DEVON VALLEY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
DEVON VALLEY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Devon Valley Park Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

Investments in unincorporated entities, including partnership interests, are initially recognised at cost (being the amount paid to acquire the interest and the capital invested in the partnership), plus attributable legal costs of acquisition. Subsequent measurement of this interest is in accordance with equity accounting principles with a share of the profit (or loss) being recognised within other operating income and either increasing or decreasing the carrying value of this investment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

Year ended
30.11.2023
Period from
10.01.2022 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

30.11.2023 30.11.2022
£ £
Subsidiary undertakings 4,187,770 4,187,770

Investments in subsidiaries

30.11.2023
£
Cost
At 01 December 2022 4,187,770
At 30 November 2023 4,187,770
Carrying value at 30 November 2023 4,187,770
Carrying value at 30 November 2022 4,187,770

4. Debtors

30.11.2023 30.11.2022
£ £
Amounts owed by related parties 5,000 0
Prepayments 22,917 24,583
27,917 24,583

5. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Bank loans and overdrafts (secured) 18,237 139,925
Trade creditors 20 21
Amounts owed to Group undertakings 3,158,228 1,156,027
Amounts owed to related parties 270,761 0
Accruals 734 3,123
Taxation and social security 0 61,000
3,447,980 1,360,096

The bank loans are secured by way of fixed and floating charges over the property and undertaking of the company.

6. Creditors: amounts falling due after more than one year

30.11.2023 30.11.2022
£ £
Bank loans (secured) 381,776 2,299,606

The bank loans are secured by way of fixed and floating charges over the property and undertaking of the company.

7. Called-up share capital

30.11.2023 30.11.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

During the current year, a loan existed between Wilson Leisure Limited and Devon Valley Park Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Wilson Leisure Limited was £3,158,228 (2022: £1,156,027).