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REGISTERED NUMBER: 00567404 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

St. Osyth Beach Estate Ltd
Trading as
Hutleys Caravan Park

St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park






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


St. Osyth Beach Estate Ltd
Trading as Hutleys Caravan Park

Company Information
for the year ended 29 February 2024







DIRECTORS: G Went
P J Molyneux
A C Hutley





SECRETARY: G Went





REGISTERED OFFICE: Hutleys Caravan Park
St. Osyth Beach
Clacton on Sea
Essex
CO16 8TB





REGISTERED NUMBER: 00567404 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,872,767 2,793,753
Investment property 5 2,642,490 2,451,000
5,515,257 5,244,753

CURRENT ASSETS
Stocks 403,296 272,602
Debtors 6 189,331 259,161
Cash at bank and in hand 2,543,415 2,479,254
3,136,042 3,011,017
CREDITORS
Amounts falling due within one year 7 925,979 950,146
NET CURRENT ASSETS 2,210,063 2,060,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,725,320

7,305,624

PROVISIONS FOR LIABILITIES 257,739 201,656
NET ASSETS 7,467,581 7,103,968

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 168,132 168,132
Capital redemption reserve 30,000 30,000
Fair value reserve 8 566,341 422,724
Retained earnings 6,693,108 6,473,112
SHAREHOLDERS' FUNDS 7,467,581 7,103,968

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.

St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

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 12 August 2024 and were signed on its behalf by:




G Went - Director



A C Hutley - Director


St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

St. Osyth Beach Estate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost, 3% on cost and 2% on cost
Plant and machinery etc - at varying rates on cost

Property under development is classified as either freehold land or assets in the course of construction. No depreciation is provided and such assets are not revalued. On completion they either remain within land & buildings with depreciation provided at an appropriate rate or are transferred to investment property and revalued.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

Notes to the Financial Statements - continued
for the year ended 29 February 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 3,720,538 1,347,885 5,068,423
Additions 105,722 54,728 160,450
At 29 February 2024 3,826,260 1,402,613 5,228,873
DEPRECIATION
At 1 March 2023 1,099,745 1,174,925 2,274,670
Charge for year 37,540 43,896 81,436
At 29 February 2024 1,137,285 1,218,821 2,356,106
NET BOOK VALUE
At 29 February 2024 2,688,975 183,792 2,872,767
At 28 February 2023 2,620,793 172,960 2,793,753

Included in cost of land and buildings is freehold land of £ 1,956,753 (2023 - £ 1,956,753 ) which is not depreciated.

St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued




Land &
buildings
Assets in the
course of
construction


Total
£   £   £   
Cost
At 1 March 20233,689,50031,0383,720,538
Additions2,372103,350105,722
Disposals---
Surplus/(deficit) on revaluation---
Transfers between classes---
At 29 February 20243,691,872134,3883,826,260

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 2,451,000
Revaluations 191,490
At 29 February 2024 2,642,490
NET BOOK VALUE
At 29 February 2024 2,642,490
At 28 February 2023 2,451,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2015 (162,056 )
Valuation in 2016 60,000
Valuation in 2017 54,000
Valuation in 2018 261,528
Valuation in 2019 22,000
Valuation in 2020 2,500
Valuation in 2021 60,500
Valuation in 2022 229,000
Valuation in 2023 (58,000 )
Valuation in 2024 191,490
Cost 1,981,528
2,642,490

Investment property was valued by the Directors on 29 February 2024 using applicable house price indices and rental yield indicators.

St. Osyth Beach Estate Ltd (Registered number: 00567404)
Trading as Hutleys Caravan Park

Notes to the Financial Statements - continued
for the year ended 29 February 2024

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 116,285 113,862
Other debtors 72,105 144,358
188,390 258,220

Amounts falling due after more than one year:
Other debtors 941 941

Aggregate amounts 189,331 259,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 24,404 122,320
Taxation and social security 114,455 88,974
Other creditors 787,120 738,852
925,979 950,146

8. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 March 2023 168,132 422,724 590,856
Reserve transfer - 143,617 143,617

At 29 February 2024 168,132 566,341 734,473

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £10,212 (2023 - £24,841)

10. RELATED PARTY DISCLOSURES

At the year end Mr A Hutley owed £3,743 (2023 £3,743) to the company. This loan is unsecured, interest free and repayable on demand.

Mr B E Hutley paid £4,800 (2023 £4,800) rent to the company.