Silverfin false false 31/08/2024 01/09/2023 31/08/2024 A D Cox 12/10/2009 B H Thomas 17/05/2013 23 April 2025 The principal activity of the Company during the financial year was that of the sale of static caravans/mobile homes. 07034547 2024-08-31 07034547 bus:Director1 2024-08-31 07034547 bus:Director2 2024-08-31 07034547 2023-08-31 07034547 core:CurrentFinancialInstruments 2024-08-31 07034547 core:CurrentFinancialInstruments 2023-08-31 07034547 core:ShareCapital 2024-08-31 07034547 core:ShareCapital 2023-08-31 07034547 core:RetainedEarningsAccumulatedLosses 2024-08-31 07034547 core:RetainedEarningsAccumulatedLosses 2023-08-31 07034547 core:OtherResidualIntangibleAssets 2023-08-31 07034547 core:OtherResidualIntangibleAssets 2024-08-31 07034547 core:LandBuildings 2023-08-31 07034547 core:PlantMachinery 2023-08-31 07034547 core:Vehicles 2023-08-31 07034547 core:FurnitureFittings 2023-08-31 07034547 core:OfficeEquipment 2023-08-31 07034547 core:LandBuildings 2024-08-31 07034547 core:PlantMachinery 2024-08-31 07034547 core:Vehicles 2024-08-31 07034547 core:FurnitureFittings 2024-08-31 07034547 core:OfficeEquipment 2024-08-31 07034547 2023-09-01 2024-08-31 07034547 bus:FilletedAccounts 2023-09-01 2024-08-31 07034547 bus:SmallEntities 2023-09-01 2024-08-31 07034547 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07034547 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07034547 bus:Director1 2023-09-01 2024-08-31 07034547 bus:Director2 2023-09-01 2024-08-31 07034547 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-09-01 2024-08-31 07034547 core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 07034547 core:LandBuildings core:TopRangeValue 2023-09-01 2024-08-31 07034547 core:PlantMachinery 2023-09-01 2024-08-31 07034547 core:PlantMachinery core:BottomRangeValue 2023-09-01 2024-08-31 07034547 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-08-31 07034547 core:Vehicles 2023-09-01 2024-08-31 07034547 core:Vehicles core:TopRangeValue 2023-09-01 2024-08-31 07034547 core:FurnitureFittings 2023-09-01 2024-08-31 07034547 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 07034547 core:OfficeEquipment core:TopRangeValue 2023-09-01 2024-08-31 07034547 2022-09-01 2023-08-31 07034547 core:LandBuildings 2023-09-01 2024-08-31 07034547 core:OfficeEquipment 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 07034547 (England and Wales)

LEISURE HOMES DIRECT LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

LEISURE HOMES DIRECT LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

LEISURE HOMES DIRECT LIMITED

BALANCE SHEET

As at 31 August 2024
LEISURE HOMES DIRECT LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 174,698 3,344
Tangible assets 4 376,240 233,242
550,938 236,586
Current assets
Stocks 5 1,269,285 763,806
Debtors 6 784,077 231,809
Cash at bank and in hand 330,708 118,542
2,384,070 1,114,157
Creditors: amounts falling due within one year 7 ( 1,958,219) ( 580,872)
Net current assets 425,851 533,285
Total assets less current liabilities 976,789 769,871
Net assets 976,789 769,871
Capital and reserves
Called-up share capital 300 300
Profit and loss account 976,489 769,571
Total shareholders' funds 976,789 769,871

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

Directors' responsibilities:

The financial statements of Leisure Homes Direct Limited (registered number: 07034547) were approved and authorised for issue by the Board of Directors on 23 April 2025. They were signed on its behalf by:

B H Thomas
Director
LEISURE HOMES DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
LEISURE HOMES DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

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

General information and basis of accounting

Leisure Homes Direct 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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 static caravans is recognised when the static caravans are paid for or delivered to customers who have credit terms.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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:

Other intangible assets 3 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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 on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 25 % reducing balance
5 - 10 years straight line
Vehicles 25 % reducing balance
5 years straight line
Fixtures and fittings 25 % reducing balance
3 years straight line
Office equipment 3 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 17 12

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 September 2023 20,916 20,916
Additions 214,956 214,956
At 31 August 2024 235,872 235,872
Accumulated amortisation
At 01 September 2023 17,572 17,572
Charge for the financial year 43,602 43,602
At 31 August 2024 61,174 61,174
Net book value
At 31 August 2024 174,698 174,698
At 31 August 2023 3,344 3,344

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 September 2023 0 108,663 62,459 174,187 30,266 375,575
Additions 141,911 80,114 831 1,723 2,825 227,404
At 31 August 2024 141,911 188,777 63,290 175,910 33,091 602,979
Accumulated depreciation
At 01 September 2023 0 37,669 30,662 56,522 17,480 142,333
Charge for the financial year 9,692 31,245 8,016 29,418 6,035 84,406
At 31 August 2024 9,692 68,914 38,678 85,940 23,515 226,739
Net book value
At 31 August 2024 132,219 119,863 24,612 89,970 9,576 376,240
At 31 August 2023 0 70,994 31,797 117,665 12,786 233,242

5. Stocks

2024 2023
£ £
Stocks 1,269,285 763,806

6. Debtors

2024 2023
£ £
Trade debtors 375,094 130,379
Amounts owed by Group undertakings 162,347 14,768
Other debtors 246,636 86,662
784,077 231,809

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,125,191 355,655
Taxation and social security 82,056 110,305
Other creditors 750,972 114,912
1,958,219 580,872

8. Related party transactions

Other related party transactions

2024 2023
£ £
At start of period 0 0
Advanced to Leisure Homes Direct 43,700 0
At end of period 43,700 0

Included in other loans is an interest-free loan from BCT Freight Limited, which is another subsidiary of European Leisure Investment Group Limited

9. Ultimate controlling party

Parent Company:

European Leisure Investment Group Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW