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REGISTERED NUMBER: 02763946 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Spinney Holiday & Leisure Park Ltd

The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Spinney Holiday & Leisure Park Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Beddard
J Spry





REGISTERED OFFICE: Beach Road
Swanbridge
Sully
Vale of Glamorgan
CF64 5UG





REGISTERED NUMBER: 02763946 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 481,316 494,375

CURRENT ASSETS
Debtors 5 (14,646 ) 61,923
Cash at bank and in hand 21,162 61,034
6,516 122,957
CREDITORS
Amounts falling due within one year 6 64,522 78,711
NET CURRENT (LIABILITIES)/ASSETS (58,006 ) 44,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,310

538,621

CREDITORS
Amounts falling due after more than one
year

7

(135,213

)

(235,766

)

PROVISIONS FOR LIABILITIES (4,394 ) (5,738 )
NET ASSETS 283,703 297,117

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 282,703 296,117
SHAREHOLDERS' FUNDS 283,703 297,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)

Balance Sheet - continued
31 March 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 November 2024 and were signed on its behalf by:




G Beddard - Director



J Spry - Director


The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Spinney Holiday & Leisure 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.

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.
Plant and machinery etc - 15% on reducing balance

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 461,772 288,939 750,711
DEPRECIATION
At 1 April 2023 - 256,336 256,336
Charge for year - 13,059 13,059
At 31 March 2024 - 269,395 269,395
NET BOOK VALUE
At 31 March 2024 461,772 19,544 481,316
At 31 March 2023 461,772 32,603 494,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,065 17,079
Other debtors (16,711 ) 44,844
(14,646 ) 61,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,326 23,326
Trade creditors 1,341 2,732
Taxation and social security 54,055 47,888
Other creditors (14,200 ) 4,765
64,522 78,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Within creditors falling due after one year is a bank loan which is repayable in September 2028. Capital payments are negotiated from time to time.

The Spinney Holiday & Leisure Park Ltd (Registered number: 02763946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 124,564 131,111

The bank loan is secured by way of first legal charge over the company's freehold land and buildings together with a debenture over the company's assets.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs K Beddard and Mrs K Spry.