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REGISTERED NUMBER: 11127714 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Treworgans Holiday Park Ltd

Treworgans Holiday Park Ltd (Registered number: 11127714)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Treworgans Holiday Park Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs T Smith
M Smith





REGISTERED OFFICE: Treworgans Holiday Park
Cubert
Newquay
TR8 5HH





REGISTERED NUMBER: 11127714 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Treworgans Holiday Park Ltd (Registered number: 11127714)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 165,000 165,000
Tangible assets 5 1,729,700 1,741,173
1,894,700 1,906,173

CURRENT ASSETS
Stocks 149,788 55,000
Debtors 6 43,093 142,202
Cash at bank and in hand 142,546 70,559
335,427 267,761
CREDITORS
Amounts falling due within one year 7 269,871 193,655
NET CURRENT ASSETS 65,556 74,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,960,256

1,980,279

CREDITORS
Amounts falling due after more than one
year

8

(552,251

)

(581,519

)

PROVISIONS FOR LIABILITIES (7,802 ) (29,673 )
NET ASSETS 1,400,203 1,369,087

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Share premium 1,329,650 1,329,650
Retained earnings 69,551 38,435
SHAREHOLDERS' FUNDS 1,400,203 1,369,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Treworgans Holiday Park Ltd (Registered number: 11127714)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs T Smith - Director


Treworgans Holiday Park Ltd (Registered number: 11127714)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Treworgans Holiday Park Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Income Statement, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Treworgans Holiday Park Ltd (Registered number: 11127714)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 165,000
NET BOOK VALUE
At 29 February 2024 165,000
At 28 February 2023 165,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 1,585,000 177,740 1,762,740
Additions - 19,639 19,639
At 29 February 2024 1,585,000 197,379 1,782,379
DEPRECIATION
At 1 March 2023 - 21,567 21,567
Charge for year - 31,112 31,112
At 29 February 2024 - 52,679 52,679
NET BOOK VALUE
At 29 February 2024 1,585,000 144,700 1,729,700
At 28 February 2023 1,585,000 156,173 1,741,173

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 1,585,000 - 1,585,000
Cost - 197,379 197,379
1,585,000 197,379 1,782,379

Treworgans Holiday Park Ltd (Registered number: 11127714)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 56,890
DEPRECIATION
At 1 March 2023 9,482
Charge for year 11,852
At 29 February 2024 21,334
NET BOOK VALUE
At 29 February 2024 35,556
At 28 February 2023 47,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 40,172 141,146
Other debtors 2,921 1,056
43,093 142,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 1,776 1,616
Trade creditors 132,563 -
Taxation and social security 27,996 26,688
Other creditors 107,536 165,351
269,871 193,655

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 30,318 32,094
Other creditors 521,933 549,425
552,251 581,519

Treworgans Holiday Park Ltd (Registered number: 11127714)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 461,030 479,348

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
537,159 551,945

Property or undertaking of the company.