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REGISTERED NUMBER: 03520127 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Padstow Holiday Park Limited

Padstow Holiday Park Limited (Registered number: 03520127)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Padstow Holiday Park Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Barnes
Mrs A Barnes
A Barnes
Mrs R Turner





REGISTERED OFFICE: Padstow Holiday Park
Cliffdowne
Padstow
Cornwall
PL28 8LB





REGISTERED NUMBER: 03520127 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Padstow Holiday Park Limited (Registered number: 03520127)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,439,024 1,484,335

CURRENT ASSETS
Stocks 50,000 -
Debtors 5 29,685 34,589
Cash at bank and in hand 891,907 789,218
971,592 823,807
CREDITORS
Amounts falling due within one year 6 207,050 142,707
NET CURRENT ASSETS 764,542 681,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,203,566

2,165,435

PROVISIONS FOR LIABILITIES 115,895 123,762
NET ASSETS 2,087,671 2,041,673

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,086,671 2,040,673
SHAREHOLDERS' FUNDS 2,087,671 2,041,673

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

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

Padstow Holiday Park Limited (Registered number: 03520127)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




A Barnes - Director



Mrs R Turner - Director


Padstow Holiday Park Limited (Registered number: 03520127)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Padstow 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at variable rates on reducing balance

As referred to at note 6, the Directors are of the opinion that the company's freehold property has not suffered any diminution in value and hence the policy to depreciate has been postponed.

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

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

Padstow Holiday Park Limited (Registered number: 03520127)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,289,028 360,193 1,649,221
Additions - 1,751 1,751
Disposals - (40,848 ) (40,848 )
At 31 December 2024 1,289,028 321,096 1,610,124
DEPRECIATION
At 1 January 2024 - 164,886 164,886
Charge for year - 30,533 30,533
Eliminated on disposal - (24,319 ) (24,319 )
At 31 December 2024 - 171,100 171,100
NET BOOK VALUE
At 31 December 2024 1,289,028 149,996 1,439,024
At 31 December 2023 1,289,028 195,307 1,484,335

The Directors are of the opinion that the company's freehold property has not suffered any diminution in value since the date of acquisition and hence the policy to depreciate has been postponed for this financial year.

The Directors will annually review the fair value of the company's freehold property to determine whether depreciation should be charged

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 12,780 773
Other debtors 16,905 33,816
29,685 34,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 7,689 14,751
Taxation and social security 126,295 98,420
Other creditors 73,066 29,536
207,050 142,707