Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13175572 Mr Joshua Hocking Mr Philip Hocking iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13175572 2023-02-28 13175572 2024-02-29 13175572 2023-03-01 2024-02-29 13175572 frs-core:CurrentFinancialInstruments 2024-02-29 13175572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13175572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13175572 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13175572 frs-core:MotorVehicles 2024-02-29 13175572 frs-core:MotorVehicles 2023-03-01 2024-02-29 13175572 frs-core:MotorVehicles 2023-02-28 13175572 frs-core:PlantMachinery 2024-02-29 13175572 frs-core:PlantMachinery 2023-03-01 2024-02-29 13175572 frs-core:PlantMachinery 2023-02-28 13175572 frs-core:ShareCapital 2024-02-29 13175572 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13175572 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13175572 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13175572 frs-bus:SmallEntities 2023-03-01 2024-02-29 13175572 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13175572 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13175572 frs-bus:Director1 2023-03-01 2024-02-29 13175572 frs-bus:Director2 2023-03-01 2024-02-29 13175572 frs-core:CurrentFinancialInstruments 1 2024-02-29 13175572 frs-core:CurrentFinancialInstruments 2 2024-02-29 13175572 frs-countries:EnglandWales 2023-03-01 2024-02-29 13175572 2022-02-28 13175572 2023-02-28 13175572 2022-03-01 2023-02-28 13175572 frs-core:CurrentFinancialInstruments 2023-02-28 13175572 frs-core:ShareCapital 2023-02-28 13175572 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13175572 frs-core:CurrentFinancialInstruments 1 2023-02-28 13175572 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 13175572
Pendle View Holiday Park Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Whittles LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13175572
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 261,606 45,219
261,606 45,219
CURRENT ASSETS
Stocks 5 579,164 1,200,798
Debtors 6 585,407 394,623
Cash at bank and in hand 674,866 1,382,691
1,839,437 2,978,112
Creditors: Amounts Falling Due Within One Year 7 (1,876,603 ) (2,122,250 )
NET CURRENT ASSETS (LIABILITIES) (37,166 ) 855,862
TOTAL ASSETS LESS CURRENT LIABILITIES 224,440 901,081
NET ASSETS 224,440 901,081
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 224,340 900,981
SHAREHOLDERS' FUNDS 224,440 901,081
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Hocking
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pendle View Holiday Park Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13175572 . The registered office is 1 Richmond Road, Lytham St Annes, Lancashire, FY8 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the goods have been delivered.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% On Cost
Plant & Machinery 25% On Cost
Motor Vehicles 25% On Cost
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
4Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 March 2023 - 6,171 59,200 65,371
Additions 177,035 77,500 39,592 294,127
Disposals - - (50,000 ) (50,000 )
As at 29 February 2024 177,035 83,671 48,792 309,498
Depreciation
As at 1 March 2023 - 1,927 18,225 20,152
Provided during the period 3,541 22,626 26,573 52,740
Disposals - - (25,000 ) (25,000 )
As at 29 February 2024 3,541 24,553 19,798 47,892
Net Book Value
As at 29 February 2024 173,494 59,118 28,994 261,606
As at 1 March 2023 - 4,244 40,975 45,219
5. Stocks
2024 2023
£ £
Stock 579,164 1,200,798
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 335,846 378,600
Prepayments and accrued income 90,473 6,400
Intercompany Loan Account - Hocking Investments Ltd 840 840
Great Birchwood Leisure Village Ltd Inter Company Loan 135,296 -
VAT 22,952 8,783
585,407 394,623
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 154,501 77,500
Corporation tax 38,864 204,589
Other taxes and social security 990 1,592
Other creditors 1,640 1,420
Accruals and deferred income 1,679,360 1,836,525
Directors' loan accounts 1,248 624
1,876,603 2,122,250
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5