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REGISTERED NUMBER: 07021575 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

SWALLOWHOLME CAMPING & CARAVAN PARK LTD

SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWALLOWHOLME CAMPING & CARAVAN PARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: G Locking
P J Locking





REGISTERED OFFICE: River Cottage
Station Road
Bamford
Hope Valley
Derbyshire
S33 0BN





REGISTERED NUMBER: 07021575 (England and Wales)





ACCOUNTANTS: Rhodes Clarke & Co Limited
Alison Business Centre
39-40 Alison Crescent
Sheffield
S2 1AS

SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,934 358,714

CURRENT ASSETS
Stocks 5 340,264 164,125
Debtors 6 30,858 5,327
Cash at bank 77,687 9,921
448,809 179,373
CREDITORS
Amounts falling due within one year 7 487,479 292,832
NET CURRENT LIABILITIES (38,670 ) (113,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,264

245,255

CREDITORS
Amounts falling due after more than one
year

8

(86,357

)

(147,150

)

PROVISIONS FOR LIABILITIES (7,079 ) (329 )
NET ASSETS 215,828 97,776

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,728 97,676
SHAREHOLDERS' FUNDS 215,828 97,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)

BALANCE SHEET - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:




G Locking - Director



P J Locking - Director


SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Swallowholme Camping & Caravan Park Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2022 436,569 56,490 493,059
Additions - 5,000 5,000
At 30th November 2023 436,569 61,490 498,059
DEPRECIATION
At 1st December 2022 110,668 23,677 134,345
Charge for year 8,732 7,048 15,780
At 30th November 2023 119,400 30,725 150,125
NET BOOK VALUE
At 30th November 2023 317,169 30,765 347,934
At 30th November 2022 325,901 32,813 358,714

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 34,397
DEPRECIATION
At 1st December 2022 7,815
Charge for year 4,569
At 30th November 2023 12,384
NET BOOK VALUE
At 30th November 2023 22,013
At 30th November 2022 26,582

5. STOCKS
2023 2022
£    £   
Stocks 350,264 174,125
Payments on account (10,000 ) (10,000 )
340,264 164,125

SWALLOWHOLME CAMPING & CARAVAN PARK LTD (REGISTERED NUMBER: 07021575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 30,858 5,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,327 20,260
Hire purchase contracts 11,539 11,539
Accrued expenses 186,943 49,074
Taxation and social security 75,723 13,237
Other creditors 190,947 198,722
487,479 292,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 52,494 71,498
Hire purchase contracts 1,923 13,462
Trade creditors - 62,190
Other creditors 31,940 -
86,357 147,150

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 1,550 318
Bank loans 73,271 91,440
74,821 91,758

The company's bank borrowings are secured by way of a legal mortgage over the company's freehold property and by way of a fixed and floating charge over the company's other assets and undertaking.

10. RELATED PARTY DISCLOSURES

G Locking and P J Locking are directors and sole shareholders in Hope Valley Construction Limited. Hope Valley Construction Limited has made loans to the company. At 30 November 2023 the balance outstanding in respect of these loans amounted to £184,732 (2022 £124,732). The loans are interest free and with no fixed repayment schedule.