Silverfin false false 31/12/2024 01/01/2024 31/12/2024 A E James 04/06/2018 B James 05/03/2025 C G James 04/06/2018 S E James 04/06/2018 09 April 2025 The principal activity of the Company during the financial year was holiday park operator and caravan re-seller. 11395522 2024-12-31 11395522 bus:Director1 2024-12-31 11395522 bus:Director2 2024-12-31 11395522 bus:Director3 2024-12-31 11395522 bus:Director4 2024-12-31 11395522 2023-12-31 11395522 core:CurrentFinancialInstruments 2024-12-31 11395522 core:CurrentFinancialInstruments 2023-12-31 11395522 core:Non-currentFinancialInstruments 2024-12-31 11395522 core:Non-currentFinancialInstruments 2023-12-31 11395522 core:ShareCapital 2024-12-31 11395522 core:ShareCapital 2023-12-31 11395522 core:RetainedEarningsAccumulatedLosses 2024-12-31 11395522 core:RetainedEarningsAccumulatedLosses 2023-12-31 11395522 core:LandBuildings 2023-12-31 11395522 core:PlantMachinery 2023-12-31 11395522 core:Vehicles 2023-12-31 11395522 core:FurnitureFittings 2023-12-31 11395522 core:OtherPropertyPlantEquipment 2023-12-31 11395522 core:LandBuildings 2024-12-31 11395522 core:PlantMachinery 2024-12-31 11395522 core:Vehicles 2024-12-31 11395522 core:FurnitureFittings 2024-12-31 11395522 core:OtherPropertyPlantEquipment 2024-12-31 11395522 core:CurrentFinancialInstruments core:Secured 2024-12-31 11395522 2024-01-01 2024-12-31 11395522 bus:FilletedAccounts 2024-01-01 2024-12-31 11395522 bus:SmallEntities 2024-01-01 2024-12-31 11395522 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11395522 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11395522 bus:Director1 2024-01-01 2024-12-31 11395522 bus:Director2 2024-01-01 2024-12-31 11395522 bus:Director3 2024-01-01 2024-12-31 11395522 bus:Director4 2024-01-01 2024-12-31 11395522 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 11395522 core:PlantMachinery 2024-01-01 2024-12-31 11395522 core:Vehicles 2024-01-01 2024-12-31 11395522 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 11395522 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 11395522 2023-01-01 2023-12-31 11395522 core:LandBuildings 2024-01-01 2024-12-31 11395522 core:FurnitureFittings 2024-01-01 2024-12-31 11395522 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 11395522 (England and Wales)

BEACHSIDE HOLIDAY PARK LTD

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

BEACHSIDE HOLIDAY PARK LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BEACHSIDE HOLIDAY PARK LTD

BALANCE SHEET

As at 31 December 2024
BEACHSIDE HOLIDAY PARK LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 3,440,342 3,382,389
Investment property 4 377,425 366,425
3,817,767 3,748,814
Current assets
Stocks 5 25,982 28,000
Debtors 6 165,314 133,620
Cash at bank and in hand 91,153 156,416
282,449 318,036
Creditors: amounts falling due within one year 7 ( 693,372) ( 587,825)
Net current liabilities (410,923) (269,789)
Total assets less current liabilities 3,406,844 3,479,025
Creditors: amounts falling due after more than one year 8 ( 177,787) ( 288,691)
Provision for liabilities ( 103,886) ( 91,065)
Net assets 3,125,171 3,099,269
Capital and reserves
Called-up share capital 2,096,506 2,096,506
Profit and loss account 1,028,665 1,002,763
Total shareholders' funds 3,125,171 3,099,269

For the financial year ending 31 December 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 Beachside Holiday Park Ltd (registered number: 11395522) were approved and authorised for issue by the Board of Directors on 09 April 2025. They were signed on its behalf by:

C G James
Director
S E James
Director
A E James
Director
B James
Director
BEACHSIDE HOLIDAY PARK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BEACHSIDE HOLIDAY PARK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Beachside Holiday Park Ltd (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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for pitch fees, holiday lettings, caravan sales and other services recharged in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line
Other property, plant and equipment 12 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 19 17

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 January 2024 3,067,838 74,686 3,400 4,547 420,373 3,570,844
Additions 0 0 16,290 279 153,746 170,315
Disposals 0 0 0 0 ( 62,274) ( 62,274)
At 31 December 2024 3,067,838 74,686 19,690 4,826 511,845 3,678,885
Accumulated depreciation
At 01 January 2024 50,000 37,158 2,404 4,547 94,346 188,455
Charge for the financial year 10,000 9,382 588 47 55,653 75,670
Disposals 0 0 0 0 ( 25,582) ( 25,582)
At 31 December 2024 60,000 46,540 2,992 4,594 124,417 238,543
Net book value
At 31 December 2024 3,007,838 28,146 16,698 232 387,428 3,440,342
At 31 December 2023 3,017,838 37,528 996 0 326,027 3,382,389

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 366,425
Additions 11,000
As at 31 December 2024 377,425

The fair value of the investment properties is assessed annually and the carrying value adjusted as required. The directors, who are internal to the company, have assessed the fair value of the properties on an open market value basis, based on available market data. The directors have concluded that carrying value is materially consistent with the fair value of the properties at the year end.

5. Stocks

2024 2023
£ £
Stocks 25,982 28,000

6. Debtors

2024 2023
£ £
Trade debtors 135,981 111,011
Other debtors 29,333 22,609
165,314 133,620

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 103,050 103,050
Trade creditors 33,282 4,751
Taxation and social security 142,277 148,233
Other creditors 414,763 331,791
693,372 587,825

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

2024 2023
£ £
Bank loans (secured) 177,787 288,691

The bank loan is secured against assets of the company.

9. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 01 January 2024, the balance owed to the director was £3,480. During the year £145,480 was advanced to the director, and £185,035 was repaid by the director. The balance owed to the director at 31 December 2024 was £43,035.

At 01 January 2023 the balance owed by the director was £30,467. During the year £153,396 was advanced to the director, and £187,343 was repaid by the directors. The balance owed to the directors at 31 December 2023 was £3,480.