2023-06-012024-03-312024-03-31false14125380SHERWOOD PINES CAMPING 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SHERWOOD PINES CAMPING LTD

Registered Number
14125380
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

SHERWOOD PINES CAMPING LTD
Company Information
for the period from 1 June 2023 to 31 March 2024

Directors

PETTIT, Spencer Grant
WEBSTER, Kevin

Registered Address

Sherwood Pines Campsite Sherwood Pines Campsite
Kings Clipstone
Mansfield
NG21 9JL

Registered Number

14125380 (England and Wales)
SHERWOOD PINES CAMPING LTD
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

31 May 2023

£

£

£

£

Fixed assets
Intangible assets32,0791,719
Tangible assets4269,150110,349
271,229112,068
Current assets
Stocks54,5521,000
Debtors6106,778117,360
Cash at bank and on hand214,645176,909
325,975295,269
Creditors amounts falling due within one year7(488,385)(406,593)
Net current assets (liabilities)(162,410)(111,324)
Total assets less current liabilities108,819744
Creditors amounts falling due after one year8(74,508)-
Provisions for liabilities9(16,100)-
Net assets18,211744
Capital and reserves
Called up share capital22
Profit and loss account18,209742
Shareholders' funds18,211744
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
PETTIT, Spencer Grant
Director
WEBSTER, Kevin
Director

Registered Company No. 14125380
SHERWOOD PINES CAMPING LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets represent website development costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery2510
Office Equipment-5
Finance leases and hire purchase contracts
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year2416
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 June 231,8251,825
Additions788788
At 31 March 242,6132,613
Amortisation and impairment
At 01 June 23106106
Charge for year428428
At 31 March 24534534
Net book value
At 31 March 242,0792,079
At 31 May 231,7191,719
4.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 June 2333,39860,05217,973111,423
Additions-164,0404,368168,408
At 31 March 2433,398224,09222,341279,831
Depreciation and impairment
At 01 June 23-1239511,074
Charge for year-6,0033,6049,607
At 31 March 24-6,1264,55510,681
Net book value
At 31 March 2433,398217,96617,786269,150
At 31 May 2333,39859,92917,022110,349
5.Stocks

2024

2023

££
Other stocks4,5521,000
Total4,5521,000
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-50,904
Other debtors55,34555,000
Prepayments and accrued income51,43311,456
Total106,778117,360
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,86743,040
Taxation and social security31,73850,364
Finance lease and HP contracts19,852-
Other creditors98,661167,687
Accrued liabilities and deferred income265,267145,502
Total488,385406,593
8.Creditors: amounts due after one year

2024

2023

££
Other creditors74,508-
Total74,508-
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)16,100-
Total16,100-