Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Miss L J Richards 13/11/2009 Mr W J Richards 23/05/2024 20/10/1992 28 November 2024 The principal activity of the Company during the financial year is that of the buying and selling of caravans. The company also leases property including the caravan site to Unionworld Limited, a fellow subsidiary. 01331156 2024-02-29 01331156 bus:Director1 2024-02-29 01331156 bus:Director2 2024-02-29 01331156 2023-02-28 01331156 core:CurrentFinancialInstruments 2024-02-29 01331156 core:CurrentFinancialInstruments 2023-02-28 01331156 core:Non-currentFinancialInstruments 2024-02-29 01331156 core:Non-currentFinancialInstruments 2023-02-28 01331156 core:ShareCapital 2024-02-29 01331156 core:ShareCapital 2023-02-28 01331156 core:RevaluationReserve 2024-02-29 01331156 core:RevaluationReserve 2023-02-28 01331156 core:RetainedEarningsAccumulatedLosses 2024-02-29 01331156 core:RetainedEarningsAccumulatedLosses 2023-02-28 01331156 core:LandBuildings 2023-02-28 01331156 core:OtherPropertyPlantEquipment 2023-02-28 01331156 core:LandBuildings 2024-02-29 01331156 core:OtherPropertyPlantEquipment 2024-02-29 01331156 bus:OrdinaryShareClass1 2024-02-29 01331156 2023-03-01 2024-02-29 01331156 bus:FilletedAccounts 2023-03-01 2024-02-29 01331156 bus:SmallEntities 2023-03-01 2024-02-29 01331156 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 01331156 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01331156 bus:Director1 2023-03-01 2024-02-29 01331156 bus:Director2 2023-03-01 2024-02-29 01331156 core:LandBuildings 2023-03-01 2024-02-29 01331156 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 01331156 2022-03-01 2023-02-28 01331156 core:CurrentFinancialInstruments 2023-03-01 2024-02-29 01331156 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 01331156 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 01331156 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01331156 (England and Wales)

HARLYN SANDS LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

HARLYN SANDS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

HARLYN SANDS LIMITED

BALANCE SHEET

As at 29 February 2024
HARLYN SANDS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 12,757,710 12,784,113
12,757,710 12,784,113
Current assets
Stocks 1,184,170 1,252,241
Debtors 4 1,079,127 1,041,964
Cash at bank and in hand 11,347 4,990
2,274,644 2,299,195
Creditors: amounts falling due within one year 5 ( 983,444) ( 984,428)
Net current assets 1,291,200 1,314,767
Total assets less current liabilities 14,048,910 14,098,880
Creditors: amounts falling due after more than one year 6 ( 74,919) ( 322,786)
Provision for liabilities ( 182,563) ( 182,481)
Net assets 13,791,428 13,593,613
Capital and reserves
Called-up share capital 7 1,000 1,000
Revaluation reserve 10,487,276 10,487,276
Profit and loss account 3,303,152 3,105,337
Total shareholder's funds 13,791,428 13,593,613

For the financial 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.

Director's responsibilities:

The financial statements of Harlyn Sands Limited (registered number: 01331156) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

Miss L J Richards
Director
HARLYN SANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
HARLYN SANDS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harlyn Sands Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tregeseal, 6 Lower Port View, Saltash, PL12 4BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 2 - 10 % reducing balance
Plant and machinery etc. 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 March 2023 12,888,897 1,529,490 14,418,387
Additions 0 45,277 45,277
Disposals 0 ( 3,654) ( 3,654)
At 29 February 2024 12,888,897 1,571,113 14,460,010
Accumulated depreciation
At 01 March 2023 355,550 1,278,724 1,634,274
Charge for the financial year 21,686 46,340 68,026
At 29 February 2024 377,236 1,325,064 1,702,300
Net book value
At 29 February 2024 12,511,661 246,049 12,757,710
At 28 February 2023 12,533,347 250,766 12,784,113

The directors based their valuation on open market observations.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,974,444
(2023 - £1,975,437)

4. Debtors

2024 2023
£ £
Trade debtors 42,675 0
Amounts owed by Group undertakings 26,415 33,211
Other debtors 1,010,037 1,008,753
1,079,127 1,041,964

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 215,926 356,949
Amounts owed to Group undertakings 209,900 0
Accruals and deferred income 63,460 56,649
Taxation and social security 245,472 247,678
Obligations under finance leases and hire purchase contracts 47,315 0
Other creditors 201,371 323,152
983,444 984,428

Included within obligations, are amounts due which have been secured against the assets to which they relate.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Amounts owed to Group undertakings 0 209,900
Obligations under finance leases and hire purchase contracts 74,919 0
Other creditors 0 112,886
74,919 322,786

Included within obligations, are amounts due which have been secured against the assets to which they relate.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000