Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr G N Hautot 29/04/2014 Mr P G Hautot 01/10/2015 Mrs J V Hautot 01/10/2015 17 September 2024 The principal activity of the company during the financial year was the operation of a holiday park. 09016227 2023-12-31 09016227 bus:Director1 2023-12-31 09016227 bus:Director2 2023-12-31 09016227 bus:Director3 2023-12-31 09016227 2022-12-31 09016227 core:CurrentFinancialInstruments 2023-12-31 09016227 core:CurrentFinancialInstruments 2022-12-31 09016227 core:ShareCapital 2023-12-31 09016227 core:ShareCapital 2022-12-31 09016227 core:RetainedEarningsAccumulatedLosses 2023-12-31 09016227 core:RetainedEarningsAccumulatedLosses 2022-12-31 09016227 core:LandBuildings 2022-12-31 09016227 core:PlantMachinery 2022-12-31 09016227 core:FurnitureFittings 2022-12-31 09016227 core:LandBuildings 2023-12-31 09016227 core:PlantMachinery 2023-12-31 09016227 core:FurnitureFittings 2023-12-31 09016227 bus:OrdinaryShareClass1 2023-12-31 09016227 2023-01-01 2023-12-31 09016227 bus:FilletedAccounts 2023-01-01 2023-12-31 09016227 bus:SmallEntities 2023-01-01 2023-12-31 09016227 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09016227 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09016227 bus:Director1 2023-01-01 2023-12-31 09016227 bus:Director2 2023-01-01 2023-12-31 09016227 bus:Director3 2023-01-01 2023-12-31 09016227 core:PlantMachinery 2023-01-01 2023-12-31 09016227 core:FurnitureFittings 2023-01-01 2023-12-31 09016227 2022-01-01 2022-12-31 09016227 core:LandBuildings 2023-01-01 2023-12-31 09016227 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09016227 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09016227 (England and Wales)

HAUTOT LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HAUTOT LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HAUTOT LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
HAUTOT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr G N Hautot
Mr P G Hautot
Mrs J V Hautot
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
BUSINESS ADDRESS Trencreek Holiday Park
Trencreek
Newquay
TR8 4NS
COMPANY NUMBER 09016227 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
HAUTOT LIMITED

BALANCE SHEET

As at 31 December 2023
HAUTOT LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,268,404 2,253,696
2,268,404 2,253,696
Current assets
Stocks 6,000 2,000
Debtors 4 436,179 381,127
Cash at bank and in hand 1,419,040 1,309,486
1,861,219 1,692,613
Creditors: amounts falling due within one year 5 ( 408,850) ( 427,681)
Net current assets 1,452,369 1,264,932
Total assets less current liabilities 3,720,773 3,518,628
Provision for liabilities ( 10,851) ( 7,174)
Net assets 3,709,922 3,511,454
Capital and reserves
Called-up share capital 6 2,250,000 2,250,000
Profit and loss account 1,459,922 1,261,454
Total shareholder's funds 3,709,922 3,511,454

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hautot Limited (registered number: 09016227) were approved and authorised for issue by the Board of Directors on 17 September 2024. They were signed on its behalf by:

Mr G N Hautot
Director
HAUTOT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HAUTOT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hautot Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Trencreek Holiday Park, Trencreek, Newquay, TR8 4NS.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

The company holds the following financial instruments, all of which meet the conditions to be classified as basic financial instruments:

1. Short term trade and other debtors and creditors;
2. Loans to and from related parties; and
3. Cash at bank and in hand.

Except for loans to and from related parties, such as instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Loans to and from related parties are initially recorded at transaction price, including transaction costs. Non-interest bearing loans repayable on demand are measured at transaction price.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 January 2023 2,225,000 33,940 40,658 2,299,598
Additions 0 16,951 3,732 20,683
At 31 December 2023 2,225,000 50,891 44,390 2,320,281
Accumulated depreciation
At 01 January 2023 0 22,251 23,651 45,902
Charge for the financial year 0 3,085 2,890 5,975
At 31 December 2023 0 25,336 26,541 51,877
Net book value
At 31 December 2023 2,225,000 25,555 17,849 2,268,404
At 31 December 2022 2,225,000 11,689 17,007 2,253,696

4. Debtors

2023 2022
£ £
Prepayments 16,444 2,297
VAT recoverable 4,443 5,666
Other debtors 415,292 373,164
436,179 381,127

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,100 15,344
Amounts owed to directors 330,698 343,956
Accruals and deferred income 16,865 18,701
Corporation tax 56,866 44,474
Other taxation and social security 797 2,230
Other creditors 1,524 2,976
408,850 427,681

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,250,000 Ordinary shares of £ 1.00 each 2,250,000 2,250,000

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Directors' loan account - amount owed to directors (330,698) (343,956)

The above loan is interest free.

Other related party transactions

2023 2022
£ £
Hautot Holdings Limited - amount owed to parent company (1,524) (2,449)
Hautot Developments Limited - amount owed by fellow group company 414,592 372,464
Berrymeadows Developments Limited - amount owed by a company under the control of the director Mr P G Hautot 700 700

The above loans are interest free.