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REGISTERED NUMBER: 04966301 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

BARKER'S LEISURE LIMITED

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BARKER'S LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mr W Barker
Mrs S Barker
Mr W Barker Jr.
Miss C Barker



SECRETARY: Mrs S Barker



REGISTERED OFFICE: Cross Park Holiday Village
Broadmoor
Kilgetty
Pembrokeshire
SA68 0RN



REGISTERED NUMBER: 04966301 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: HSBC Bank Plc
46 Fore Street
Trowbridge
Wiltshire
BA14 8EL

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 12,000
Tangible assets 5 15,671,301 8,645,522
Investments 6 5,040,300 5,040,500
20,722,101 13,698,022

CURRENT ASSETS
Stocks 959,534 877,500
Debtors 3,664,959 4,397,296
Cash at bank and in hand 665,106 811,625
5,289,599 6,086,421
CREDITORS
Amounts falling due within one year 4,618,113 5,494,511
NET CURRENT ASSETS 671,486 591,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,393,587

14,289,932

CREDITORS
Amounts falling due after more than one
year

(10,584,091

)

(3,554,977

)

PROVISIONS FOR LIABILITIES - (4,565 )
NET ASSETS 10,809,496 10,730,390

CAPITAL AND RESERVES
Called up share capital 8 1,879,584 1,879,584
Non distributable reserve 3,617,234 3,617,234
Retained earnings 5,312,678 5,233,572
SHAREHOLDERS' FUNDS 10,809,496 10,730,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd March 2024 and were signed on its behalf by:





Mr W Barker - Director


BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Barker's Leisure 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.

Preparation of consolidated financial statements
The financial statements contain information about Barker's Leisure Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the net invoiced value of caravan sales, site fees and other associated income, excluding value added tax.

Turnover from the sale of goods on site, the sale of caravans and site fees is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. For site shop sales and caravans this is usually on the date of dispatch of the goods.

For site fees, recognition occurs when the site is occupied. Fees received on booking in advance of the holiday are carried forward in creditors as deferred income.

The company operates in one principle activity being the operation of a UK based holiday centre. All operations were continuing. It includes £3.6m (2022: £1.3m) for the sale of services and £1.9m (2022: £1.0m) for the sale of goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition/consolidation of the following:


£

Pilbach Holiday Park Limited10,000
Wide Horizons Holiday Park Limited10,000
Aberdwylan Holiday Park Limited10,000
£30,000

Goodwill, being the amount paid in connection with the acquisition of the above is being written off evenly over it's useful economic life of 20 years.

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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

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 shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Freehold improvements - 20% on cost

Land and buildings stated on the balance sheet have not been depreciated as they are regularly maintained and repaired by the directors and it is their opinion that any depreciation that would be charged would not be considered to have a material impact on the accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are measured at cost less impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022
and 31st October 2023 30,000
AMORTISATION
At 1st November 2022 18,000
Amortisation for year 1,500
At 31st October 2023 19,500
NET BOOK VALUE

At 31st October 2023 10,500
At 31st October 2022 12,000

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022 9,320,813
Additions 7,159,389
At 31st October 2023 16,480,202
DEPRECIATION
At 1st November 2022 675,291
Charge for year 133,610
At 31st October 2023 808,901
NET BOOK VALUE
At 31st October 2023 15,671,301
At 31st October 2022 8,645,522

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

Totals
£   
COST
At 1st November 2022
and 31st October 2023 55,713
DEPRECIATION
At 1st November 2022 14,521
Charge for year 9,362
At 31st October 2023 23,883
NET BOOK VALUE
At 31st October 2023 31,830
At 31st October 2022 41,192

BARKER'S LEISURE LIMITED (REGISTERED NUMBER: 04966301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st November 2022 5,040,500
Disposals (200 )
At 31st October 2023 5,040,300
NET BOOK VALUE
At 31st October 2023 5,040,300
At 31st October 2022 5,040,500

All investments in subsidiary companies are accounted for at cost.

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 9,262,774 2,932,130
Hire purchase contracts 396,032 254,612
9,658,806 3,186,742

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,879,580 Ordinary £1 1,879,580 1,879,580
1 Ordinary A share £1 1 1
1 Ordinary B share £1 1 1
1 Ordinary C share £1 1 1
1 Ordinary D share £1 1 1
1,879,584 1,879,584

9. NON-DISTRIBUTABLE RESERVES

Non-distributable reserves held on the balance sheet represent the revaluation surplus on transfer of the freehold land and bulidings from the subsidiary companies in 2011. On transition to FRS 102 in 2016 the revalued amount was taken as deemed cost going forward and there is no longer a revaluation policy in place.