HINTON PARK HOLIDAYS LIMITED

Company Registration Number:
11824985 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

HINTON PARK HOLIDAYS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

HINTON PARK HOLIDAYS LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,553,477 1,603,663
Total fixed assets: 1,553,477 1,603,663
Current assets
Stocks: 4 5,500 5,250
Debtors: 5 8,296 31,562
Cash at bank and in hand: 36,640 53,815
Total current assets: 50,436 90,627
Creditors: amounts falling due within one year: 6 ( 975,402 ) ( 1,064,676 )
Net current assets (liabilities): (924,966) (974,049)
Total assets less current liabilities: 628,511 629,614
Creditors: amounts falling due after more than one year: 7 ( 521,736 ) ( 586,355 )
Total net assets (liabilities): 106,775 43,259
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 106,675 43,159
Total Shareholders' funds: 106,775 43,259

The notes form part of these financial statements

HINTON PARK HOLIDAYS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 November 2024
and signed on behalf of the board by:

Name: Charlotte Ruell
Status: Director

The notes form part of these financial statements

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and letting of the accommodation. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class - Depreciation method and rate Land and property: Straight line method over 50 years Fixtures and fittings: Written down value 15% Computer equipment: Straight line method over 3 years Plant and machinery: Written down value 15%

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Stocks Stocks are stated at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the impairment loss is recognised immediately in profit or loss. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an Unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 1,529,215 7,100 302,347 1,297 1,839,959
Additions 13,647 953 14,600
Disposals
Revaluations
Transfers
At 28 February 2024 1,529,215 7,100 315,994 2,250 1,854,559
Depreciation
At 1 March 2023 116,154 2,740 116,105 1,297 236,296
Charge for year 30,584 654 33,230 318 64,786
On disposals
Other adjustments
At 28 February 2024 146,738 3,394 149,335 1,615 301,082
Net book value
At 28 February 2024 1,382,477 3,706 166,659 635 1,553,477
At 28 February 2023 1,413,061 4,360 186,242 0 1,603,663

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 5,500 5,250
Total 5,500 5,250

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 17,420
Prepayments and accrued income 8,296 6,358
Other debtors 7,784
Total 8,296 31,562

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 54,228 56,328
Trade creditors 7,991 23,903
Taxation and social security 2,609 0
Accruals and deferred income 90,154 24,142
Other creditors 820,420 960,303
Total 975,402 1,064,676

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 521,736 586,355
Total 521,736 586,355

HINTON PARK HOLIDAYS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

8. Financial Commitments

LOANS AND BORROWINGS Bank loan - 1 to 2 years = £54,728 (2023: £56,828) Bank loan - 2 to 5 years = £153,418 (2023: £169,718) Bank loan - more than 5 years = £313,590 (2023: £359,809) Total = £521,736 (2023: £586,355)