Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Leisure resort16172023-01-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12653990 2023-01-01 2023-12-31 12653990 2022-01-01 2022-12-31 12653990 2023-12-31 12653990 2022-12-31 12653990 c:Director1 2023-01-01 2023-12-31 12653990 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 12653990 d:Buildings d:LongLeaseholdAssets 2023-12-31 12653990 d:Buildings d:LongLeaseholdAssets 2022-12-31 12653990 d:PlantMachinery 2023-01-01 2023-12-31 12653990 d:PlantMachinery 2023-12-31 12653990 d:PlantMachinery 2022-12-31 12653990 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12653990 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12653990 d:FurnitureFittings 2023-01-01 2023-12-31 12653990 d:FurnitureFittings 2023-12-31 12653990 d:FurnitureFittings 2022-12-31 12653990 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12653990 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12653990 d:OfficeEquipment 2023-01-01 2023-12-31 12653990 d:OfficeEquipment 2023-12-31 12653990 d:OfficeEquipment 2022-12-31 12653990 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12653990 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12653990 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 12653990 d:OtherPropertyPlantEquipment 2023-12-31 12653990 d:OtherPropertyPlantEquipment 2022-12-31 12653990 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12653990 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12653990 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12653990 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12653990 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12653990 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 12653990 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12653990 d:ComputerSoftware 2023-12-31 12653990 d:ComputerSoftware 2022-12-31 12653990 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12653990 d:CurrentFinancialInstruments 2023-12-31 12653990 d:CurrentFinancialInstruments 2022-12-31 12653990 d:Non-currentFinancialInstruments 2023-12-31 12653990 d:Non-currentFinancialInstruments 2022-12-31 12653990 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12653990 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12653990 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12653990 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12653990 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 12653990 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 12653990 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12653990 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12653990 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 12653990 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 12653990 d:ShareCapital 2023-12-31 12653990 d:ShareCapital 2022-12-31 12653990 d:RetainedEarningsAccumulatedLosses 2023-12-31 12653990 d:RetainedEarningsAccumulatedLosses 2022-12-31 12653990 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12653990 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12653990 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 12653990 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 12653990 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12653990 c:OrdinaryShareClass1 2023-12-31 12653990 c:OrdinaryShareClass1 2022-12-31 12653990 c:FRS102 2023-01-01 2023-12-31 12653990 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12653990 c:FullAccounts 2023-01-01 2023-12-31 12653990 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12653990 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 12653990 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 12653990 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 12653990 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 12653990 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12653990 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12653990 2 2023-01-01 2023-12-31 12653990 d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 12653990 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 12653990 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 12653990 d:LeasedAssetsHeldAsLessee 2023-12-31 12653990 d:LeasedAssetsHeldAsLessee 2022-12-31 12653990 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12653990 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 12653990 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12653990










MEADOW SPRINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MEADOW SPRINGS LIMITED
REGISTERED NUMBER: 12653990

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
225,161
243,321

Tangible assets
 6 
3,362,356
2,826,855

  
3,587,517
3,070,176

Current assets
  

Stocks
  
417,622
577,292

Debtors: amounts falling due within one year
 8 
464,417
179,337

Cash at bank and in hand
 9 
718,041
669,400

  
1,600,080
1,426,029

Creditors: amounts falling due within one year
 10 
(1,449,242)
(1,250,727)

Net current assets
  
 
 
150,838
 
 
175,302

Total assets less current liabilities
  
3,738,355
3,245,478

Creditors: amounts falling due after more than one year
 11 
(2,790,960)
(2,820,609)

Provisions for liabilities
  

Deferred tax
  
(195,151)
-

  
 
 
(195,151)
 
 
-

Net assets
  
752,244
424,869


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
752,144
424,769

  
752,244
424,869


Page 1

 
MEADOW SPRINGS LIMITED
REGISTERED NUMBER: 12653990
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 September 2024.




J E Williams
Director

The notes on pages 3 to 16 form part of these financial statements.

Page 2

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Meadow Springs Limited, 12653990, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Ffinnant, Trefeglwys, Caersws, Powys, SY17 5QY.
The principal activity of the Company relates to holiday centres and villages. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development expenditure
-
10
years
Computer costs
-
5
years

Page 5

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
No depreciation
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%
Kitchen equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

The directors believe the residual value of the long-term leasehold property is similar to that of the cost and therefore depreciation is not applied.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 17).

Page 7

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Intangible assets




Development costs
Website
Total

£
£
£



Cost


At 1 January 2023
266,157
6,300
272,457


Additions
-
12,145
12,145



At 31 December 2023

266,157
18,445
284,602



Amortisation


At 1 January 2023
26,616
2,520
29,136


Charge for the year on owned assets
26,616
3,689
30,305



At 31 December 2023

53,232
6,209
59,441



Net book value



At 31 December 2023
212,925
12,236
225,161



At 31 December 2022
239,541
3,780
243,321



Page 8

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Kitchen equipment

£
£
£
£
£



Cost or valuation


At 1 January 2023
2,580,875
186,237
99,133
6,194
25,237


Additions
461,114
112,071
12,688
824
7,247



At 31 December 2023

3,041,989
298,308
111,821
7,018
32,484



Depreciation


At 1 January 2023
-
31,224
27,657
2,123
9,817


Charge for the year on owned assets
-
15,163
14,930
878
4,760


Charge for the year on financed assets
-
22,712
-
-
-



At 31 December 2023

-
69,099
42,587
3,001
14,577



Net book value



At 31 December 2023
3,041,989
229,209
69,234
4,017
17,907



At 31 December 2022
2,580,875
155,013
71,476
4,071
15,420
Page 9

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           6.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2023
2,897,676


Additions
593,944



At 31 December 2023

3,491,620



Depreciation


At 1 January 2023
70,821


Charge for the year on owned assets
35,731


Charge for the year on financed assets
22,712



At 31 December 2023

129,264



Net book value



At 31 December 2023
3,362,356



At 31 December 2022
2,826,855

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
155,148
81,410

155,148
81,410

Page 10

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Stocks

2023
2022
£
£

Bar and restaurant stock
16,904
13,892

Caravan, lodge and gas stock
400,718
563,400

417,622
577,292



8.


Debtors

2023
2022
£
£


Trade debtors
423,026
61,387

Amounts owed by group undertakings
3,300
2,328

Other debtors
1,670
78,525

Prepayments and accrued income
36,421
13,452

Deferred taxation
-
23,645

464,417
179,337



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
718,041
669,400

718,041
669,400


Page 11

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
47,419
30,005

Trade creditors
561,190
937,989

Amounts owed to group undertakings
274,366
170,335

Other taxation and social security
50,773
-

Obligations under finance lease and hire purchase contracts
37,904
20,371

Other creditors
224,121
43,708

Accruals and deferred income
253,469
48,319

1,449,242
1,250,727


The following liabilities were secured:

2023
2022
£
£



Bank loans
47,419
30,005

Obligations under finance lease and hire purchase contracts
37,904
20,371

85,323
50,376

Details of security provided:

The bank loan is secured against the Meadow Springs Holiday Resort and Penddol Caravan Park.
Hire purchase liabilities are secured upon the assets to which they relate.

Page 12

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,699,734
2,754,237

Net obligations under finance leases and hire purchase contracts
91,226
66,372

2,790,960
2,820,609


The following liabilities were secured:

2023
2022
£
£



Bank loans
2,699,734
2,754,237

Net obligations under finance leases and hire purchase contracts
91,226
66,372

2,790,960
2,820,609

Details of security provided:

The bank loan is secured against the Meadow Springs Holiday Resort and Penddol Caravan Park.
Hire purchase liabilities are secured upon the assets to which they relate.

Page 13

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
47,419
30,005


47,419
30,005

Amounts falling due 1-2 years

Bank loans
52,028
31,700


52,028
31,700

Amounts falling due 2-5 years

Bank loans
177,523
106,253


177,523
106,253

Amounts falling due after more than 5 years

Bank loans
2,470,183
2,616,284

2,470,183
2,616,284

2,747,153
2,784,242



13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
37,904
20,371

Between 1-5 years
91,226
66,372

129,130
86,743

Page 14

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

14.


Deferred taxation




2023


£






At beginning of year
(23,645)


Charged to profit or loss
218,796



At end of year
195,151

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
389,297
278,224

Tax losses carried forward
(194,146)
(301,869)

195,151
(23,645)


15.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



16.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,202 (2022: £5,022). Contributions totaling £Nil (2022: £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 15

 
MEADOW SPRINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

17.


Related party transactions

Included within amounts owed to group undertakings is an amount due in the sum of £269,854 (2022: £168,403) to Mid Wales Shooting Centre Limited (Mr J E Williams is a director of both companies). Repayments of £63,604 have been made in the period and no interest has been charged on the amount. Loan advances have been received in the sum of £165,055. The balance is repayable on demand.
Included within amounts owed to group undertakings is an amount due in the sum of £4,512 (2022: £1,932) to Penddol Holiday Park Limited (Mr J E Williams is a director of both companies). No repayments have been made in the period and no interest has been charged on the amount. The balance is repayable on demand. 
Included within other debtors is an amount due in the sum of £3,300 (2022: £2,328) from The Oaks Leisure Group Limited (parent company). No repayments have been made during the period and no interest has been charged on the amount. The balance is repayable on demand.


18.


Controlling party

The ultimate holding company is The Oaks Leisure Group Limited, which owns 100% of the issued share capital, and is a UK registered company. The registered office address is the same as this Company.

 
Page 16