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Registration number: 14015404

Green Valley Leisure Resorts Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Company Information

Directors

Ms C Lau

Mr R Cawley

Mr J Xiao

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

2,390,397

2,390,397

Current assets

 

Debtors

5

2,098,868

1,525,068

Creditors: Amounts falling due within one year

6

(4,374,428)

(3,799,355)

Net current liabilities

 

(2,275,560)

(2,274,287)

Net assets

 

114,837

116,110

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

114,735

116,008

Total equity

 

114,837

116,110

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 31 December 2024 and signed on its behalf by:
 

.........................................
Ms C Lau
Director

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Green Valley Leisure Resorts Limited
(Registration number: 14015404)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

2,390,397

2,390,397

Subsidiaries

£

Cost or valuation

At 1 May 2023

2,390,397

Provision

Carrying amount

At 30 April 2024

2,390,397

At 30 April 2023

2,390,397

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

2,098,868

1,525,066

Other debtors

 

-

2

Total current trade and other debtors

 

2,098,868

1,525,068

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

4,365,268

3,789,754

Other creditors

 

7,900

8,401

Accrued expenses

 

1,260

1,200

 

4,374,428

3,799,355

7

Parent and ultimate parent undertaking

The company's immediate parent is Lanhydrock Investment Company Limited, incorporated in Hong Kong.