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REGISTERED NUMBER: 07747040 (England and Wales)












OXWICH LEISURE PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2022 TO 28 DECEMBER 2023






OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

OXWICH LEISURE PARK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023







DIRECTORS: M J Reilly
Ms E Reilly





REGISTERED OFFICE: Bayview
Oxwich Leisure Park
Oxwich
Swansea
SA3 1LS





REGISTERED NUMBER: 07747040 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

BALANCE SHEET
28 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,252 265,026

CURRENT ASSETS
Debtors 5 67,216 120,730
Cash at bank 11,193 3,165
78,409 123,895
CREDITORS
Amounts falling due within one year 6 70,002 148,293
NET CURRENT ASSETS/(LIABILITIES) 8,407 (24,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,659

240,628

CREDITORS
Amounts falling due after more than one year 7 (170,722 ) (172,466 )

PROVISIONS FOR LIABILITIES (5,221 ) (86 )
NET ASSETS 83,716 68,076

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,714 68,074
83,716 68,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 December 2023 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.

OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

BALANCE SHEET - continued
28 DECEMBER 2023


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 18 March 2025 and were signed on its behalf by:





M J Reilly - Director


OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023

1. STATUTORY INFORMATION

Oxwich 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The client collects ground rent and electricity reimbursements from the owners of leasehold chalets built on the client's land. This income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income is recognised in the period in which the services relate and future income is recognised as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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

Creditors
Short term creditors are measured at transaction price.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal and constructive) from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Functional and Presentation Currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The company continues to adopt the going concern basis in preparing its financial statements.

OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property Machinery fittings equipment Totals
£    £    £    £    £   
COST
At 31 December 2022
and 28 December 2023 245,021 33,700 5,555 7,273 291,549
DEPRECIATION
At 31 December 2022 10,405 8,099 5,000 3,019 26,523
Charge for period 4,247 6,740 363 2,424 13,774
At 28 December 2023 14,652 14,839 5,363 5,443 40,297
NET BOOK VALUE
At 28 December 2023 230,369 18,861 192 1,830 251,252
At 30 December 2022 234,616 25,601 555 4,254 265,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 69,474
Other debtors 67,216 51,256
67,216 120,730

Included within debtors is an amount of £57,658 (2022: £36,620) due from the directors. This amount was repaid in full in August 2024, within 9 months of the year end. The amount is interest free.

OXWICH LEISURE PARK LIMITED (REGISTERED NUMBER: 07747040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2022 TO 28 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,793 3,321
Hire purchase contracts 3,020 3,000
Trade creditors 3,225 10,000
Amounts owed to group undertakings - 26,344
Amounts owed to associates 9,510 -
Taxation and social security 10,545 18,368
Other creditors 38,909 87,260
70,002 148,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,801 -
Hire purchase contracts 5,508 -
Other creditors 135,413 172,466
170,722 172,466

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 December 2023 and the year ended 30 December 2022:

2023 2022
£    £   
Ms E Reilly and M J Reilly
Balance outstanding at start of period 36,620 26,421
Amounts advanced 64,815 54,848
Amounts repaid (43,777 ) (44,649 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 57,658 36,620

9. RELATED PARTY DISCLOSURES

Included in creditors are the following balances:
EMR Developments Ltd £3,273 (2022: £3,273)
MJR Investments Ltd £6,237 (2022: £26,344)
The above two companies share the same directors as Oxwich Leisure Park Ltd. Both loans are interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OXWICH LEISURE PARK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxwich Leisure Park Limited for the period ended 28 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oxwich Leisure Park Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxwich Leisure Park Limited and state those matters that we have agreed to state to the Board of Directors of Oxwich Leisure Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxwich Leisure Park Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oxwich Leisure Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oxwich Leisure Park Limited. You consider that Oxwich Leisure Park Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Oxwich Leisure Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


18 March 2025