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REGISTERED NUMBER: 13092873 (England and Wales)












HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr T J Hanley
Mr J Hanley
Mr P Hanley





Secretary: Mr T J Hanley





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Ghants Lane
Hambleton
POULTON LE FYLDE
FY6 9DG





Registered number: 13092873 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 42,500 45,000
Tangible assets 5 1,152,423 1,154,321
1,194,923 1,199,321

Current assets
Stocks 441,704 1,134,160
Debtors 6 1,076,083 383,166
Cash at bank and in hand 106,824 1,127,252
1,624,611 2,644,578
Creditors
Amounts falling due within one year 7 1,237,655 2,666,886
Net current assets/(liabilities) 386,956 (22,308 )
Total assets less current liabilities 1,581,879 1,177,013

Provisions for liabilities (33,080 ) (35,490 )

Accruals and deferred income (105,108 ) (143,532 )
Net assets 1,443,691 997,991

Capital and reserves
Called up share capital 150 150
Retained earnings 1,443,541 997,841
1,443,691 997,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

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





Mr P Hanley - Director


HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Highfield Fisheries and Leisure Lodge Park Limited 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 and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 50,000
Amortisation
At 1 April 2023 5,000
Charge for year 2,500
At 31 March 2024 7,500
Net book value
At 31 March 2024 42,500
At 31 March 2023 45,000

HIGHFIELD FISHERIES AND LEISURE LODGE
PARK LIMITED (REGISTERED NUMBER: 13092873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2023 1,083,856 126,416 1,210,272
Additions 20,850 6,375 27,225
At 31 March 2024 1,104,706 132,791 1,237,497
Depreciation
At 1 April 2023 23,338 32,613 55,951
Charge for year 14,095 15,028 29,123
At 31 March 2024 37,433 47,641 85,074
Net book value
At 31 March 2024 1,067,273 85,150 1,152,423
At 31 March 2023 1,060,518 93,803 1,154,321

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 9,958 14,659
Other debtors 1,066,125 368,507
1,076,083 383,166

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 347,371 1,799,740
Taxation and social security 284,716 195,644
Other creditors 605,568 671,502
1,237,655 2,666,886

8. Secured debts

There are fixed and floating charges over the land and property owned by Highfield Fisheries and Leisure Lodge Park Limited. These relate to loans included in Sunset Park Limited, Shard Riverside Lodge Limited and Lytham Edge Lodge Resort Limited. John and Patrick Hanley directors and shareholders in all of these companies