Company No:
Contents
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 |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
2,268,404 | 2,253,696 | |||
Current assets | ||||
Stocks |
|
|
||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
1,861,219 | 1,692,613 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 1,452,369 | 1,264,932 | ||
Total assets less current liabilities | 3,720,773 | 3,518,628 | ||
Provision for liabilities | (
|
(
|
||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 6 |
|
|
|
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Directors' responsibilities:
The financial statements of Hautot Limited (registered number:
Mr G N Hautot
Director |
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.
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 £.
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.
Land and buildings | not depreciated |
Plant and machinery |
|
Fixtures and fittings |
|
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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Land and buildings | Plant and machinery | Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 January 2023 |
|
|
|
|
|||
Additions |
|
|
|
|
|||
At 31 December 2023 |
|
|
|
|
|||
Accumulated depreciation | |||||||
At 01 January 2023 |
|
|
|
|
|||
Charge for the financial year |
|
|
|
|
|||
At 31 December 2023 |
|
|
|
|
|||
Net book value | |||||||
At 31 December 2023 |
|
|
|
|
|||
At 31 December 2022 |
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Prepayments |
|
|
|
VAT recoverable |
|
|
|
Other debtors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Amounts owed to directors |
|
|
|
Accruals and deferred income |
|
|
|
Corporation tax |
|
|
|
Other taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
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.