IRIS Accounts Production v25.1.0.734 02363928 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false 56790 28259 56790 28259 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023639282023-07-31023639282024-07-31023639282023-08-012024-07-31023639282022-07-31023639282022-08-012023-07-31023639282023-07-3102363928ns15:EnglandWales2023-08-012024-07-3102363928ns14:PoundSterling2023-08-012024-07-3102363928ns10:Director12023-08-012024-07-3102363928ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102363928ns10:SmallEntities2023-08-012024-07-3102363928ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3102363928ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102363928ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102363928ns10:FullAccounts2023-08-012024-07-310236392812023-08-012024-07-310236392844ns10:Director42023-08-012024-07-310236392844ns10:Director42022-08-012023-07-3102363928ns10:Director32023-08-012024-07-3102363928ns10:Director42023-08-012024-07-3102363928ns10:Director22023-08-012024-07-3102363928ns10:Director52023-08-012024-07-3102363928ns10:Director62023-08-012024-07-3102363928ns10:RegisteredOffice2023-08-012024-07-3102363928ns5:CurrentFinancialInstruments2024-07-3102363928ns5:CurrentFinancialInstruments2023-07-3102363928ns5:Non-currentFinancialInstruments2024-07-3102363928ns5:Non-currentFinancialInstruments2023-07-3102363928ns5:ShareCapital2024-07-3102363928ns5:ShareCapital2023-07-3102363928ns5:RetainedEarningsAccumulatedLosses2024-07-3102363928ns5:RetainedEarningsAccumulatedLosses2023-07-3102363928ns5:NetGoodwill2023-08-012024-07-3102363928ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3102363928ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-07-3102363928ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-08-012024-07-3102363928ns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-012024-07-3102363928ns5:PlantMachinery2023-08-012024-07-3102363928ns5:FurnitureFittings2023-08-012024-07-3102363928ns5:MotorVehicles2023-08-012024-07-3102363928ns5:NetGoodwill2023-07-3102363928ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3102363928ns5:NetGoodwill2024-07-3102363928ns5:PatentsTrademarksLicencesConcessionsSimilar2024-07-3102363928ns5:NetGoodwill2023-07-3102363928ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3102363928ns5:LandBuildings2023-07-3102363928ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3102363928ns5:PlantMachinery2023-07-3102363928ns5:LandBuildings2023-08-012024-07-3102363928ns5:LandBuildings2024-07-3102363928ns5:ShortLeaseholdAssetsns5:LandBuildings2024-07-3102363928ns5:PlantMachinery2024-07-3102363928ns5:LandBuildings2023-07-3102363928ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3102363928ns5:PlantMachinery2023-07-3102363928ns5:FurnitureFittings2023-07-3102363928ns5:MotorVehicles2023-07-3102363928ns5:FurnitureFittings2024-07-3102363928ns5:MotorVehicles2024-07-3102363928ns5:FurnitureFittings2023-07-3102363928ns5:MotorVehicles2023-07-3102363928ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3102363928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3102363928ns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3102363928ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3102363928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3102363928ns5:LeasedAssetsHeldAsLessee2024-07-3102363928ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:LeasedAssetsHeldAsLessee2023-07-3102363928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3102363928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102363928ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3102363928ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102363928ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-07-3102363928ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-07-3102363928ns5:HirePurchaseContractsns5:MoreThanFiveYears2024-07-3102363928ns5:HirePurchaseContractsns5:MoreThanFiveYears2023-07-3102363928ns5:HirePurchaseContracts2024-07-3102363928ns5:HirePurchaseContracts2023-07-3102363928ns5:Secured2024-07-3102363928ns5:Secured2023-07-3102363928ns10:Director332023-07-3102363928ns10:Director332022-07-3102363928ns10:Director332023-08-012024-07-3102363928ns10:Director332022-08-012023-07-3102363928ns10:Director332024-07-3102363928ns10:Director332023-07-31
REGISTERED NUMBER: 02363928 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HEACHAM HOLIDAYS LIMITED

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEACHAM HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M F Plumb
S M Plumb
Mrs E M Plumb
Mrs E Plumb
Miss L Plumb
M J Plumb





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 02363928 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 343 481
Tangible assets 5 4,422,340 4,440,303
4,422,683 4,440,784

CURRENT ASSETS
Stocks 130,405 33,294
Debtors 6 109,674 49,034
Cash at bank and in hand 1,226 30,663
241,305 112,991
CREDITORS
Amounts falling due within one year 7 3,403,818 3,215,633
NET CURRENT LIABILITIES (3,162,513 ) (3,102,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,260,170

1,338,142

CREDITORS
Amounts falling due after more than one
year

8

(63,410

)

(303,047

)

PROVISIONS FOR LIABILITIES (172,000 ) (181,200 )
NET ASSETS 1,024,760 853,895

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,024,660 853,795
SHAREHOLDERS' FUNDS 1,024,760 853,895

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

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

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

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





S M Plumb - Director


HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Heacham Holidays 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had a working capital deficit of £3,162,513 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and this view is supported by the continuing support of the company bankers and creditors.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised evenly over its estimated useful life of twenty years.

The company has taken advantage of the transitional provisions included in FRS 102 not to apply 'Business Combinations and Goodwill' retrospectively, to any 'Business Combinations' that occured prior to 1 February 2015.

As a result of the requirements of FRS 102, the company has amended its accounting policy to amortise the goodwill over seven years from the date of transition.

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.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Leasehold improvements - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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


HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Income recognition
Pitch fees are paid by users of the caravan park at various times during a year and at 31 July a proportion of the pitch fees received is in respect of the forthcoming holiday season. It is the company's accounting policy to treat these receipts as advance payments and carry them in the balance sheet at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023 260,000 1,990 261,990
Additions 1 - 1
At 31 July 2024 260,001 1,990 261,991
AMORTISATION
At 1 August 2023 260,000 1,509 261,509
Amortisation for year 1 138 139
At 31 July 2024 260,001 1,647 261,648
NET BOOK VALUE
At 31 July 2024 - 343 343
At 31 July 2023 - 481 481

5. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 August 2023 3,274,891 622,953 881,336
Additions 25,485 7,800 481,769
Disposals - - (557,167 )
At 31 July 2024 3,300,376 630,753 805,938
DEPRECIATION
At 1 August 2023 4,263 187,830 406,784
Charge for year 831 12,493 45,069
Eliminated on disposal - - (107,860 )
At 31 July 2024 5,094 200,323 343,993
NET BOOK VALUE
At 31 July 2024 3,295,282 430,430 461,945
At 31 July 2023 3,270,628 435,123 474,552

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 91,839 380,470 5,251,489
Additions 6,808 75,822 597,684
Disposals (5,734 ) (88,214 ) (651,115 )
At 31 July 2024 92,913 368,078 5,198,058
DEPRECIATION
At 1 August 2023 66,000 146,309 811,186
Charge for year 4,313 52,671 115,377
Eliminated on disposal (5,342 ) (37,643 ) (150,845 )
At 31 July 2024 64,971 161,337 775,718
NET BOOK VALUE
At 31 July 2024 27,942 206,741 4,422,340
At 31 July 2023 25,839 234,161 4,440,303

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023 - 170,537 170,537
Additions 98,500 - 98,500
Transfer to ownership - (41,533 ) (41,533 )
At 31 July 2024 98,500 129,004 227,504
DEPRECIATION
At 1 August 2023 - 56,867 56,867
Charge for year 1,231 28,418 29,649
Transfer to ownership - (24,376 ) (24,376 )
At 31 July 2024 1,231 60,909 62,140
NET BOOK VALUE
At 31 July 2024 97,269 68,095 165,364
At 31 July 2023 - 113,670 113,670

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 61,744 3,271
Other debtors 47,930 45,763
109,674 49,034

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 445,042 459,363
Hire purchase contracts (see note 9) 56,620 20,241
Trade creditors 52,915 46,402
Amounts owed to group undertakings 2,087,407 -
Taxation and social security 136,485 36,655
Other creditors 625,349 2,652,972
3,403,818 3,215,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 225,517
Hire purchase contracts (see note 9) 63,410 77,530
63,410 303,047

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 25,565 63,410

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 56,620 20,241
Between one and five years 37,845 14,120
In more than five years 25,565 63,410
120,030 97,771

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 225,517 563,792
Hire purchase contracts 120,030 97,771
345,547 661,563

The bank loan is secured on the company's freehold property and on property owned by S M Plumb and the assets of Plumbs Caravan Sales & Transport Limited, which S M and Mrs E Plumb are directors and shareholders.

HEACHAM HOLIDAYS LIMITED (REGISTERED NUMBER: 02363928)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
M F Plumb and Mrs E M Plumb
Balance outstanding at start of year - -
Amounts advanced 56,790 28,259
Amounts repaid (56,790 ) (28,259 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on overdrawn loan accounts at 2.25%.

12. RELATED PARTY DISCLOSURES

At the year end interest free loans from related parties amounting to £2,087,407 (2023 - £1,989,763) were outstanding.