Company Registration No. 12628192 (England and Wales)
Park Life Resorts Ltd
Unaudited accounts
for the year ended 31 October 2023
Park Life Resorts Ltd
Unaudited accounts
Contents
Park Life Resorts Ltd
Company Information
for the year ended 31 October 2023
Director
Louis James Dixon
Company Number
12628192 (England and Wales)
Registered Office
Watermouth Lodges
Watermouth
Berrynarbor
Ilfracombe
Devon
EX34 9SJ
England
Accountants
S G Accountancy (UK) Ltd
COLLEGE GREEN
STATION ROAD
Crymych
Pembrokeshire
SA41 3RL
Park Life Resorts Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
2,016,925
2,131,038
Cash at bank and in hand
303,421
265,318
Creditors: amounts falling due within one year
(664,323)
(1,165,889)
Net current assets
232,690
104,686
Total assets less current liabilities
2,249,615
2,235,724
Creditors: amounts falling due after more than one year
(1,562,747)
(1,562,747)
Provisions for liabilities
Other provisions
(177,501)
(177,501)
Net assets
509,367
495,476
Called up share capital
1
1
Revaluation reserve
345,654
345,654
Profit and loss account
163,712
149,821
Shareholders' funds
509,367
495,476
For the year ending 31 October 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Louis James Dixon
Director
Company Registration No. 12628192
Park Life Resorts Ltd
Notes to the Accounts
for the year ended 31 October 2023
Park Life Resorts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12628192. The registered office is Watermouth Lodges, Watermouth, Berrynarbor, Ilfracombe, Devon, EX34 9SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,955,495
374,848
2,330,343
At 31 October 2023
1,955,495
374,848
2,330,343
At 1 November 2022
93,011
106,294
199,305
Charge for the year
68,486
40,283
108,769
Surplus on revaluation
5,344
-
5,344
At 31 October 2023
166,841
146,577
313,418
At 31 October 2023
1,788,654
228,271
2,016,925
At 31 October 2022
1,862,484
268,554
2,131,038
Park Life Resorts Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
49,308
76,000
Amounts due from group undertakings etc.
440,333
-
Other debtors
102,151
927,457
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
297,343
147,321
Amounts owed to group undertakings and other participating interests
-
153,798
Other creditors
45,902
589,770
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
714,136
714,136
Other creditors
848,611
848,611
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).