Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truefalse2023-07-01The principal activity of the Company is the operation of a residential mobile home park.21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14070295 2023-07-01 2024-06-30 14070295 2022-04-26 2023-06-30 14070295 2024-06-30 14070295 2023-06-30 14070295 2022-04-26 14070295 c:Director3 2023-07-01 2024-06-30 14070295 d:Buildings 2023-07-01 2024-06-30 14070295 d:Buildings 2024-06-30 14070295 d:Buildings 2023-06-30 14070295 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14070295 d:PlantMachinery 2023-07-01 2024-06-30 14070295 d:PlantMachinery 2024-06-30 14070295 d:PlantMachinery 2023-06-30 14070295 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14070295 d:FurnitureFittings 2023-07-01 2024-06-30 14070295 d:FurnitureFittings 2024-06-30 14070295 d:FurnitureFittings 2023-06-30 14070295 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14070295 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 14070295 d:CurrentFinancialInstruments 2024-06-30 14070295 d:CurrentFinancialInstruments 2023-06-30 14070295 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14070295 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14070295 d:ShareCapital 2024-06-30 14070295 d:ShareCapital 2023-06-30 14070295 d:RetainedEarningsAccumulatedLosses 2024-06-30 14070295 d:RetainedEarningsAccumulatedLosses 2023-06-30 14070295 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 14070295 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 14070295 c:OrdinaryShareClass1 2023-07-01 2024-06-30 14070295 c:OrdinaryShareClass1 2024-06-30 14070295 c:OrdinaryShareClass1 2023-06-30 14070295 c:FRS102 2023-07-01 2024-06-30 14070295 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14070295 c:FullAccounts 2023-07-01 2024-06-30 14070295 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14070295 2 2023-07-01 2024-06-30 14070295 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14070295









SANDY BEACH HOLIDAY PARK LTD
(FORMERLY CABLE GAP HOLIDAY PARK LTD)

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SANDY BEACH HOLIDAY PARK LTD
 
(FORMERLY CABLE GAP HOLIDAY PARK LTD)
REGISTERED NUMBER: 14070295

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,177,277
2,189,094

Current assets
  

Stocks
  
1,690,994
714,326

Debtors: amounts falling due within one year
 5 
211,177
43,163

Cash at bank
  
86,392
16,922

Current liabilities
  
1,988,563
774,411

Creditors: amounts falling due within one year
 6 
(3,955,816)
(2,932,110)

Net current liabilities
  
 
 
(1,967,253)
 
 
(2,157,699)

Total assets less current liabilities
  
210,024
31,395

Provisions for liabilities
  

Deferred tax
 7 
(22,385)
(25,339)

Net assets
  
187,639
6,056


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
187,539
5,956

  
187,639
6,056


Page 1

 
SANDY BEACH HOLIDAY PARK LTD
 
(FORMERLY CABLE GAP HOLIDAY PARK LTD)
REGISTERED NUMBER: 14070295

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mrs S Johnson
Director

Date: 31 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Sandy Beach Holiday Park Ltd (previously Cable Gap Holiday Park Ltd) is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is The Barn, Fen Road, Cambridge, Cambridgeshire, CB4 1UN. This Company is part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Land and buildings
-
not depreciated
Plant and machinery
-
5
years straight line
Fixtures and fittings
-
10
years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 6

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 July 2023
2,087,740
108,171
5,000
2,200,911



At 30 June 2024

2,087,740
108,171
5,000
2,200,911



Depreciation


At 1 July 2023
-
10,817
1,000
11,817


Charge for the year on owned assets
-
10,817
1,000
11,817



At 30 June 2024

-
21,634
2,000
23,634



Net book value



At 30 June 2024
2,087,740
86,537
3,000
2,177,277



At 30 June 2023
2,087,740
97,354
4,000
2,189,094


5.


Debtors

2024
2023
£
£


Trade debtors
86,403
24,586

Amounts owed by group undertakings
10,574
-

Other debtors
112,490
13,190

Prepayments
1,710
5,387

211,177
43,163


Page 7

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,348,451
567,302

Amounts owed to group undertakings
2,492,160
2,247,024

Corporation tax
21,602
-

Other creditors
42,410
-

Accruals and deferred income
51,193
117,784

3,955,816
2,932,110



7.


Deferred taxation




2024
2023


£

£






At beginning of year
(25,339)
-


Charged to profit or loss
2,954
(25,339)



At end of year
(22,385)
(25,339)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
22,385
25,339

Page 8

 
SANDY BEACH HOLIDAY PARK LTD

(FORMERLY CABLE GAP HOLIDAY PARK LTD)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with their parent Company and other wholly owned subsidiary undertakings.
The Company has provided its assets as security in relation to the bank loan accounted for within the financial statements of Luxury Home Lifestyle Limited.


10.


Controlling party

The Company is a wholly owned subsidiary of Luxury Home Lifestyle Limited, a company registered in ngland and Wales. The registered office is The Barn, Fen Road, Cambridge, CB4 1UN.


Page 9