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REGISTERED NUMBER: 06329210 (England and Wales)









THREE POSTS LEISURE PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREE POSTS LEISURE PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C P F Bendall
M A Bendall
P G N Bendall





SECRETARY: C P F Bendall





REGISTERED OFFICE: Ruby Farm
Blackawton
TOTNES
Devon
TQ9 7BN





REGISTERED NUMBER: 06329210 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 622,685 528,329
622,685 528,329

CURRENT ASSETS
Stocks 30,327 36,532
Debtors 7 1,487,465 1,356,794
Cash at bank and in hand 499,929 663,064
2,017,721 2,056,390
CREDITORS
Amounts falling due within one year 8 3,004,282 2,936,000
NET CURRENT LIABILITIES (986,561 ) (879,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES (363,876 ) (351,281 )

CREDITORS
Amounts falling due after more than one year 9 (198,333 ) (338,333 )

PROVISIONS FOR LIABILITIES (101,000 ) (86,000 )
NET LIABILITIES (663,209 ) (775,614 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (663,309 ) (775,714 )
(663,209 ) (775,614 )

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

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

THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

BALANCE SHEET - continued
31 JANUARY 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 29 October 2024 and were signed on its behalf by:





C P F Bendall - Director


THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Three Posts Leisure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention.

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 the rendering of services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 10% on cost
Improvements to property - 4% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Activity equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.


THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Finance leases

Leases of assets that transfer substantially all the risks and rewards of ownership to the Company are classified as finance leases.

Assets held under finance leases are recognized initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under finance leases are included in tangible fixed assets and depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

Operating leases

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 98 (2023 - 104 ) .

5. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 211,603 10,000 221,603
AMORTISATION
At 1 February 2023
and 31 January 2024 211,603 10,000 221,603
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

6. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 February 2023 1,247,816 - 183,217
Additions - 67,646 19,472
At 31 January 2024 1,247,816 67,646 202,689
DEPRECIATION
At 1 February 2023 1,247,816 - 129,516
Charge for year - 2,706 10,976
At 31 January 2024 1,247,816 2,706 140,492
NET BOOK VALUE
At 31 January 2024 - 64,940 62,197
At 31 January 2023 - - 53,701

THREE POSTS LEISURE PARK LIMITED (REGISTERED NUMBER: 06329210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Activity
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 136,715 90,977 2,265,137 3,923,862
Additions 3,383 14,187 110,463 215,151
At 31 January 2024 140,098 105,164 2,375,600 4,139,013
DEPRECIATION
At 1 February 2023 108,958 30,582 1,878,661 3,395,533
Charge for year 4,671 18,645 83,797 120,795
At 31 January 2024 113,629 49,227 1,962,458 3,516,328
NET BOOK VALUE
At 31 January 2024 26,469 55,937 413,142 622,685
At 31 January 2023 27,757 60,395 386,476 528,329

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,487,465 1,356,794

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 140,000 140,000
Trade creditors 71,145 53,005
Taxation and social security 139,547 116,503
Other creditors 2,653,590 2,626,492
3,004,282 2,936,000

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 198,333 338,333

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 338,333 478,333

The company's bank borrowings are secured by a charge over the company's assets and directors' guarantees.