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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
Page
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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
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Park Life Resorts Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,016,925 
2,131,038 
Current assets
Inventories
1,800 
1,800 
Debtors
591,792 
1,003,457 
Cash at bank and in hand
303,421 
265,318 
897,013 
1,270,575 
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 
Capital and reserves
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
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Park Life Resorts Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 October 2023
1,788,654 
228,271 
2,016,925 
At 31 October 2022
1,862,484 
268,554 
2,131,038 
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Park Life Resorts Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
591,792 
1,003,457 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,525 
- 
Trade creditors
297,343 
147,321 
Amounts owed to group undertakings and other participating interests
- 
153,798 
Other creditors
45,902 
589,770 
Accruals
231,410 
275,000 
Deferred income
86,143 
- 
664,323 
1,165,889 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
714,136 
714,136 
Other creditors
848,611 
848,611 
1,562,747 
1,562,747 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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