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REGISTERED NUMBER: 03777122 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Island View Caravan Park Limited

Island View Caravan Park Limited (Registered number: 03777122)






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


Island View Caravan Park Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G Beddard
J Spry





REGISTERED OFFICE: Beach Road
Swanbridge
Penarth
South Glamorgan
CF645UG





REGISTERED NUMBER: 03777122 (England and Wales)





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

Island View Caravan Park Limited (Registered number: 03777122)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,018,233 1,019,447

CURRENT ASSETS
Debtors 5 66,305 107,618
Cash at bank and in hand 59,357 69,611
125,662 177,229
CREDITORS
Amounts falling due within one year 6 329,839 291,007
NET CURRENT LIABILITIES (204,177 ) (113,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,056

905,669

CREDITORS
Amounts falling due after more than one
year

7

(495,896

)

(566,946

)

PROVISIONS FOR LIABILITIES (15,113 ) (11,696 )
NET ASSETS 303,047 327,027

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,947 326,927
SHAREHOLDERS' FUNDS 303,047 327,027

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.

Island View Caravan Park Limited (Registered number: 03777122)

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


Island View Caravan Park Limited (Registered number: 03777122)

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

1. STATUTORY INFORMATION

Island View Caravan Park 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.

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 - 25% on cost and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Island View Caravan Park Limited (Registered number: 03777122)

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 957,309 220,104 1,177,413
Additions - 5,760 5,760
At 31 March 2024 957,309 225,864 1,183,173
DEPRECIATION
At 1 April 2023 - 157,966 157,966
Charge for year - 6,974 6,974
At 31 March 2024 - 164,940 164,940
NET BOOK VALUE
At 31 March 2024 957,309 60,924 1,018,233
At 31 March 2023 957,309 62,138 1,019,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 366 -
Other debtors 65,939 107,618
66,305 107,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,059 37,059
Trade creditors 1,412 3,169
Taxation and social security 34,241 38,042
Other creditors 257,127 212,737
329,839 291,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 495,896 566,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,992 427,042

Island View Caravan Park Limited (Registered number: 03777122)

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 loans 532,955 604,005

The bank loan is secured by way of a first legal charge over the company's freehold land and buildings, a debenture over the companies assets together with a personal guarantee of £100,000 given by the shareholder, GC Hadfield.

Within creditors falling due after one year is a bank loan which is repayable in July 2038. Capital repayments are negotiated from time to time.

9. ULTIMATE CONTROLLING PARTY

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