PTP Accounts Production v25.1.0.734 04128582 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041285822023-10-31041285822024-10-31041285822023-11-012024-10-31041285822022-10-31041285822022-11-012023-10-31041285822023-10-3104128582ns15:EnglandWales2023-11-012024-10-3104128582ns14:PoundSterling2023-11-012024-10-3104128582ns10:Director12023-11-012024-10-3104128582ns10:Director22023-11-012024-10-3104128582ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104128582ns10:SmallEntities2023-11-012024-10-3104128582ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3104128582ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3104128582ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104128582ns10:FullAccounts2023-11-012024-10-310412858212023-11-012024-10-3104128582ns10:CompanySecretary12023-11-012024-10-3104128582ns10:RegisteredOffice2023-11-012024-10-3104128582ns5:CurrentFinancialInstruments2024-10-3104128582ns5:CurrentFinancialInstruments2023-10-3104128582ns5:ShareCapital2024-10-3104128582ns5:ShareCapital2023-10-3104128582ns5:RetainedEarningsAccumulatedLosses2024-10-3104128582ns5:RetainedEarningsAccumulatedLosses2023-10-3104128582ns5:NetGoodwill2023-11-012024-10-3104128582ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3104128582ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-11-012024-10-3104128582ns5:NetGoodwill2023-10-3104128582ns5:IntangibleAssetsOtherThanGoodwill2023-10-3104128582ns5:NetGoodwill2024-10-3104128582ns5:IntangibleAssetsOtherThanGoodwill2024-10-3104128582ns5:NetGoodwill2023-10-3104128582ns5:IntangibleAssetsOtherThanGoodwill2023-10-3104128582ns5:LandBuildings2023-10-3104128582ns5:PlantMachinery2023-10-3104128582ns5:LandBuildings2023-11-012024-10-3104128582ns5:PlantMachinery2023-11-012024-10-3104128582ns5:LandBuildings2024-10-3104128582ns5:PlantMachinery2024-10-3104128582ns5:LandBuildings2023-10-3104128582ns5:PlantMachinery2023-10-3104128582ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104128582ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 04128582 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

SANDYHOLME HOLIDAY PARK LIMITED

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SANDYHOLME HOLIDAY PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: M J Cox
V A Cox





SECRETARY: M J Cox





REGISTERED OFFICE: The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ





REGISTERED NUMBER: 04128582 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST OCTOBER 2024


The directors present their report with the financial statements of the company for the year ended 31st October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was the management and operation of a caravan and camping park including the purchase and sale of caravans and associated activities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st November 2023 to the date of this report.

M J Cox
V A Cox

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE BOARD:





M J Cox - Director


28th March 2025

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST OCTOBER 2024

2024 2023
£    £   

TURNOVER 458,293 523,745

Cost of sales (57,049 ) (126,136 )
GROSS PROFIT 401,244 397,609

Administrative expenses (299,434 ) (297,637 )
OPERATING PROFIT 101,810 99,972

Interest receivable and similar income 8,469 5,987
PROFIT BEFORE TAXATION 110,279 105,959

Tax on profit (41,954 ) (6,665 )
PROFIT FOR THE FINANCIAL YEAR 68,325 99,294

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 28,107 36,933
Tangible assets 5 3,008,504 2,989,308
3,036,611 3,026,241

CURRENT ASSETS
Stocks 15,623 69,360
Debtors 6 22,386 18,203
Cash at bank 653,830 566,525
691,839 654,088
CREDITORS
Amounts falling due within one year 7 (1,974,563 ) (2,016,767 )
NET CURRENT LIABILITIES (1,282,724 ) (1,362,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,753,887

1,663,562

PROVISIONS FOR LIABILITIES (22,000 ) -
NET ASSETS 1,731,887 1,663,562

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 1,731,777 1,663,452
SHAREHOLDERS' FUNDS 1,731,887 1,663,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

BALANCE SHEET - continued
31ST OCTOBER 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:




M J Cox - Director



V A Cox - Director


SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Sandyholme Holiday 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.

Preparation of consolidated financial statements
These accounts present information about the company as an individual. The company together with the Group undertakings qualifies as a 'small group' as defined by section 398 of the Companies Act 2006 and accordingly is not required to present consolidated group accounts.

Turnover
Turnover represents net invoiced site fees and sales of goods, excluding Value Added Tax.
The company recognises revenue as follows:
Holiday home sales are recognised in the month in which the customer handover occurs.
Pitch fees, rates and insurance billed are recognised in the period to which they relate.
Holiday revenue is recognised in the month in which the the holiday ends.
Turnover relating to shops, bars, food outlets, fitness club, swimming pool and other incidentals are recognised on receipt.
Commission income is recognised in the period to which the sale relates.
Deferred income represents amounts received relating to future periods and is released to turnover in the period for which it has been received.
Accrued income represents services provided during the period which were not invoiced at the year end.

Goodwill
Purchased goodwill is amortised on a straight line basis over a period of 20 years as, in the opinion of the directors, this is the estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Park improvements- 10% reducing balance
Caravan and vehicles- 25% reducing balance or straight line over deemed useful life
Fixtures and equipment - 25% straight line
Computer- 33.33% straight line

No depreciation is provided on freehold land.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised using the accrual model whereby revenue grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.

Local Authority Support Grants
These local authority grants do not have any performance conditions attached, as they are designed to provide immediate financial support. They are therefore recognised immediately upon the entity being satisfied that they have the entitlement.

Bounce Back Loan (BBL) Interest
Interest on the BBL, covered by the Government for the first twelve months of the loan, is recognised as a cost as accrued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st November 2023
and 31st October 2024 170,000 3,259 173,259
AMORTISATION
At 1st November 2023 136,000 326 136,326
Charge for year 8,500 326 8,826
At 31st October 2024 144,500 652 145,152
NET BOOK VALUE
At 31st October 2024 25,500 2,607 28,107
At 31st October 2023 34,000 2,933 36,933

5. TANGIBLE FIXED ASSETS
Land and Fixtures,
buildings equipment
and park and
improvements caravans Totals
£    £    £   
COST
At 1st November 2023 2,973,973 279,872 3,253,845
Additions - 54,421 54,421
Disposals - (2,814 ) (2,814 )
At 31st October 2024 2,973,973 331,479 3,305,452
DEPRECIATION
At 1st November 2023 37,810 226,727 264,537
Charge for year 14,092 20,429 34,521
Eliminated on disposal - (2,110 ) (2,110 )
At 31st October 2024 51,902 245,046 296,948
NET BOOK VALUE
At 31st October 2024 2,922,071 86,433 3,008,504
At 31st October 2023 2,936,163 53,145 2,989,308

SANDYHOLME HOLIDAY PARK LIMITED (REGISTERED NUMBER: 04128582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,168 8,060
Other debtors 12,218 10,143
22,386 18,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,360 49,274
Amounts owed to participating interests 1,910,478 1,910,478
Taxation and social security 31,711 17,315
Other creditors 28,014 39,700
1,974,563 2,016,767

8. ULTIMATE CONTROLLING PARTY

The ultimate and immediate parent company is Graston Copse Holiday Park Limited, a company incorporated in England and Wales. Graston Copse Holiday Park Limited is controlled by the directors of the company.

9. GUARANTEES AND CHARGES

The company has given a composite guarantee in respect of borrowings by two related companies, Highlands End Farm Caravan Park Limited, West Dorset Leisure Holidays Limited, the parent company Graston Copse Holiday Park Limited and group company Larkfield Caravan Park Limited. These companies have given a cross guarantee in respect of the company's borrowings.

The bank holds first legal mortgages over the freehold property of Sandyholme Holiday Park Limited, the freehold property of a related company, West Dorset Leisure Holidays Limited and the freehold property of parent company Graston Copse Holiday Park Limited and group company Larkfield Caravan Park Limited.