Silverfin false false 31/03/2024 01/12/2023 31/03/2024 Mrs F L Butler 04/11/2003 Mr M Jeavons 10/11/2017 Mr T J Jeavons 04/11/2003 17 February 2025 The principal activity of the company during the financial period was that of holiday park operators. 04952001 2024-03-31 04952001 bus:Director1 2024-03-31 04952001 bus:Director2 2024-03-31 04952001 bus:Director3 2024-03-31 04952001 2023-11-30 04952001 core:CurrentFinancialInstruments 2024-03-31 04952001 core:CurrentFinancialInstruments 2023-11-30 04952001 core:Non-currentFinancialInstruments 2024-03-31 04952001 core:Non-currentFinancialInstruments 2023-11-30 04952001 core:ShareCapital 2024-03-31 04952001 core:ShareCapital 2023-11-30 04952001 core:SharePremium 2024-03-31 04952001 core:SharePremium 2023-11-30 04952001 core:RetainedEarningsAccumulatedLosses 2024-03-31 04952001 core:RetainedEarningsAccumulatedLosses 2023-11-30 04952001 core:Goodwill 2023-11-30 04952001 core:Goodwill 2024-03-31 04952001 core:LandBuildings 2023-11-30 04952001 core:PlantMachinery 2023-11-30 04952001 core:Vehicles 2023-11-30 04952001 core:FurnitureFittings 2023-11-30 04952001 core:OtherPropertyPlantEquipment 2023-11-30 04952001 core:LandBuildings 2024-03-31 04952001 core:PlantMachinery 2024-03-31 04952001 core:Vehicles 2024-03-31 04952001 core:FurnitureFittings 2024-03-31 04952001 core:OtherPropertyPlantEquipment 2024-03-31 04952001 bus:OrdinaryShareClass1 2024-03-31 04952001 2023-12-01 2024-03-31 04952001 bus:FilletedAccounts 2023-12-01 2024-03-31 04952001 bus:SmallEntities 2023-12-01 2024-03-31 04952001 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-03-31 04952001 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-03-31 04952001 bus:Director1 2023-12-01 2024-03-31 04952001 bus:Director2 2023-12-01 2024-03-31 04952001 bus:Director3 2023-12-01 2024-03-31 04952001 core:Goodwill core:TopRangeValue 2023-12-01 2024-03-31 04952001 core:LandBuildings core:TopRangeValue 2023-12-01 2024-03-31 04952001 core:PlantMachinery 2023-12-01 2024-03-31 04952001 core:Vehicles 2023-12-01 2024-03-31 04952001 core:FurnitureFittings core:TopRangeValue 2023-12-01 2024-03-31 04952001 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-12-01 2024-03-31 04952001 2022-12-01 2023-11-30 04952001 core:LandBuildings 2023-12-01 2024-03-31 04952001 core:FurnitureFittings 2023-12-01 2024-03-31 04952001 core:OtherPropertyPlantEquipment 2023-12-01 2024-03-31 04952001 core:Non-currentFinancialInstruments 2023-12-01 2024-03-31 04952001 bus:OrdinaryShareClass1 2023-12-01 2024-03-31 04952001 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04952001 (England and Wales)

WHITEHILL COUNTRY PARK LIMITED

Unaudited Financial Statements
For the financial period from 01 December 2023 to 31 March 2024
Pages for filing with the registrar

WHITEHILL COUNTRY PARK LIMITED

Unaudited Financial Statements

For the financial period from 01 December 2023 to 31 March 2024

Contents

WHITEHILL COUNTRY PARK LIMITED

BALANCE SHEET

As at 31 March 2024
WHITEHILL COUNTRY PARK LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 30.11.2023
£ £
Fixed assets
Tangible assets 4 5,565,152 5,636,324
5,565,152 5,636,324
Current assets
Stocks 1,065,649 1,057,784
Debtors 5 388,813 583,795
Cash at bank and in hand 16,988 51,479
1,471,450 1,693,058
Creditors: amounts falling due within one year 6 ( 1,082,665) ( 1,013,268)
Net current assets 388,785 679,790
Total assets less current liabilities 5,953,937 6,316,114
Creditors: amounts falling due after more than one year 7 ( 1,920,000) ( 1,920,000)
Provision for liabilities ( 148,577) ( 392,976)
Net assets 3,885,360 4,003,138
Capital and reserves
Called-up share capital 8 1,882,455 1,882,455
Share premium account 1,858,205 1,858,205
Profit and loss account 144,700 262,478
Total shareholder's funds 3,885,360 4,003,138

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Whitehill Country Park Limited (registered number: 04952001) were approved and authorised for issue by the Board of Directors on 17 February 2025. They were signed on its behalf by:

Mr T J Jeavons
Director
WHITEHILL COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2023 to 31 March 2024
WHITEHILL COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2023 to 31 March 2024
1. Accounting policies

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

General information and basis of accounting

Whitehill Country Park 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Whitehill Country Park, Stoke Road, Paignton, Devon, TQ4 7PF, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company's accounting year end has been changed and the current financial statements covers the period from 01 December 2023 to 31 March 2024.

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


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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
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 over its expected useful life, as follows:

Land and buildings 100 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 4 years straight line
Other property, plant and equipment 10 years straight line

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.

2. Employees

Period from
01.12.2023 to
31.03.2024
Year ended
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 44 64

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2023 160,700 160,700
At 31 March 2024 160,700 160,700
Accumulated amortisation
At 01 December 2023 160,700 160,700
At 31 March 2024 160,700 160,700
Net book value
At 31 March 2024 0 0
At 30 November 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 December 2023 5,207,650 1,542,072 34,026 58,730 1,610,176 8,452,654
Additions 30,099 0 0 0 0 30,099
At 31 March 2024 5,237,749 1,542,072 34,026 58,730 1,610,176 8,482,753
Accumulated depreciation
At 01 December 2023 523,237 940,475 18,481 52,192 1,281,945 2,816,330
Charge for the financial period 13,874 50,137 1,295 973 34,992 101,271
At 31 March 2024 537,111 990,612 19,776 53,165 1,316,937 2,917,601
Net book value
At 31 March 2024 4,700,638 551,460 14,250 5,565 293,239 5,565,152
At 30 November 2023 4,684,413 601,597 15,545 6,538 328,231 5,636,324

5. Debtors

31.03.2024 30.11.2023
£ £
Trade debtors 4,740 166,035
Amounts owed by Group undertakings 0 100
Prepayments 8,200 22,018
VAT recoverable 0 25,725
Other debtors 375,873 369,917
388,813 583,795

6. Creditors: amounts falling due within one year

31.03.2024 30.11.2023
£ £
Bank loans and overdrafts 340,074 167,222
Trade creditors 111,695 502,925
Amounts owed to directors 199,926 179,493
Accruals 271,280 107,803
Other taxation and social security 71,004 14,396
Other creditors 88,686 41,429
1,082,665 1,013,268

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

31.03.2024 30.11.2023
£ £
Bank loans (secured) 1,920,000 1,920,000

Bank loans are secured on the freehold property owned by the company.

8. Called-up share capital

31.03.2024 30.11.2023
£ £
Allotted, called-up and fully-paid
1,882,455 Ordinary shares of £ 1.00 each 1,882,455 1,882,455

9. Ultimate controlling party

Parent Company:

Whitehill Country Holdings Limited
Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF