Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Mrs F L Butler 04/11/2003 Mr M Jeavons 10/11/2017 Mr T J Jeavons 04/11/2003 29 August 2024 The principal activity of the company during the financial was that of holiday park operators. 04952001 2023-11-30 04952001 bus:Director1 2023-11-30 04952001 bus:Director2 2023-11-30 04952001 bus:Director3 2023-11-30 04952001 2022-11-30 04952001 core:CurrentFinancialInstruments 2023-11-30 04952001 core:CurrentFinancialInstruments 2022-11-30 04952001 core:Non-currentFinancialInstruments 2023-11-30 04952001 core:Non-currentFinancialInstruments 2022-11-30 04952001 core:ShareCapital 2023-11-30 04952001 core:ShareCapital 2022-11-30 04952001 core:SharePremium 2023-11-30 04952001 core:SharePremium 2022-11-30 04952001 core:RetainedEarningsAccumulatedLosses 2023-11-30 04952001 core:RetainedEarningsAccumulatedLosses 2022-11-30 04952001 core:Goodwill 2022-11-30 04952001 core:Goodwill 2023-11-30 04952001 core:LandBuildings 2022-11-30 04952001 core:PlantMachinery 2022-11-30 04952001 core:Vehicles 2022-11-30 04952001 core:FurnitureFittings 2022-11-30 04952001 core:OtherPropertyPlantEquipment 2022-11-30 04952001 core:LandBuildings 2023-11-30 04952001 core:PlantMachinery 2023-11-30 04952001 core:Vehicles 2023-11-30 04952001 core:FurnitureFittings 2023-11-30 04952001 core:OtherPropertyPlantEquipment 2023-11-30 04952001 bus:OrdinaryShareClass1 2023-11-30 04952001 2022-12-01 2023-11-30 04952001 bus:FilletedAccounts 2022-12-01 2023-11-30 04952001 bus:SmallEntities 2022-12-01 2023-11-30 04952001 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04952001 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04952001 bus:Director1 2022-12-01 2023-11-30 04952001 bus:Director2 2022-12-01 2023-11-30 04952001 bus:Director3 2022-12-01 2023-11-30 04952001 core:Goodwill core:TopRangeValue 2022-12-01 2023-11-30 04952001 core:LandBuildings core:TopRangeValue 2022-12-01 2023-11-30 04952001 core:PlantMachinery 2022-12-01 2023-11-30 04952001 core:Vehicles 2022-12-01 2023-11-30 04952001 core:FurnitureFittings core:TopRangeValue 2022-12-01 2023-11-30 04952001 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-12-01 2023-11-30 04952001 2021-12-01 2022-11-30 04952001 core:LandBuildings 2022-12-01 2023-11-30 04952001 core:FurnitureFittings 2022-12-01 2023-11-30 04952001 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 04952001 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 04952001 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04952001 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04952001 (England and Wales)

WHITEHILL COUNTRY PARK LIMITED

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

WHITEHILL COUNTRY PARK LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

WHITEHILL COUNTRY PARK LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
WHITEHILL COUNTRY PARK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Mrs F L Butler
Mr M Jeavons
Mr T J Jeavons
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
BUSINESS ADDRESS Whitehill Country Park
Stoke Road
Paignton
Devon
TQ4 7PF
United Kingdom
COMPANY NUMBER 04952001 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
WHITEHILL COUNTRY PARK LIMITED

BALANCE SHEET

As at 30 November 2023
WHITEHILL COUNTRY PARK LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 5,636,324 4,575,823
5,636,324 4,575,823
Current assets
Stocks 1,057,784 29,871
Debtors 5 583,795 588,728
Cash at bank and in hand 51,479 22,001
1,693,058 640,600
Creditors: amounts falling due within one year 6 ( 1,013,268) ( 686,690)
Net current assets/(liabilities) 679,790 (46,090)
Total assets less current liabilities 6,316,114 4,529,733
Creditors: amounts falling due after more than one year 7 ( 1,920,000) 0
Provision for liabilities ( 392,976) ( 428,744)
Net assets 4,003,138 4,100,989
Capital and reserves
Called-up share capital 8 1,882,455 1,882,455
Share premium account 1,858,205 1,858,205
Profit and loss account 262,478 360,329
Total shareholder's funds 4,003,138 4,100,989

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 Whitehill Country Park Limited (registered number: 04952001) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

Mr T J Jeavons
Director
WHITEHILL COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
WHITEHILL COUNTRY 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 year, unless otherwise stated.

General information and basis of accounting

Whitehill Country Park Limited (the Company) 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Whitehill Country Park, Stoke Road, Paignton, Devon, TQ4 7PF, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 100 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 4 years straight line
Other property, plant and equipment 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 64 55

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2022 160,700 160,700
At 30 November 2023 160,700 160,700
Accumulated amortisation
At 01 December 2022 160,700 160,700
At 30 November 2023 160,700 160,700
Net book value
At 30 November 2023 0 0
At 30 November 2022 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 December 2022 4,043,407 1,284,019 34,026 54,440 1,610,176 7,026,068
Additions 1,164,243 258,053 0 4,290 0 1,426,586
At 30 November 2023 5,207,650 1,542,072 34,026 58,730 1,610,176 8,452,654
Accumulated depreciation
At 01 December 2022 471,158 739,925 13,300 48,899 1,176,963 2,450,245
Charge for the financial year 52,079 200,550 5,181 3,293 104,982 366,085
At 30 November 2023 523,237 940,475 18,481 52,192 1,281,945 2,816,330
Net book value
At 30 November 2023 4,684,413 601,597 15,545 6,538 328,231 5,636,324
At 30 November 2022 3,572,249 544,094 20,726 5,541 433,213 4,575,823

5. Debtors

2023 2022
£ £
Trade debtors 166,035 15,292
Amounts owed by Group undertakings 100 0
Prepayments 22,018 299,040
VAT recoverable 25,725 42,219
Other debtors 369,917 232,177
583,795 588,728

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 167,222 0
Trade creditors 502,925 119,312
Amounts owed to directors 179,493 301,207
Accruals 107,803 180,681
Other taxation and social security 14,396 11,314
Other creditors 41,429 74,176
1,013,268 686,690

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

2023 2022
£ £
Bank loans (secured) 1,920,000 0

Bank loans are secured on the freehold property owned by the company.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,882,455 Ordinary shares of £ 1.00 each 1,882,455 1,882,455

9. Ultimate controlling party

Parent Company:

Whitehill Country Holdings Limited
Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF