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REGISTERED NUMBER: 00712364 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)






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


BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S J Westgate
Mr D Westgate
Mrs H F Oven





SECRETARY: Mrs S Westgate





REGISTERED OFFICE: Arbor Lane
Pakefield
Lowestoft
Suffolk
NR33 7BD





REGISTERED NUMBER: 00712364 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,744,863 1,754,516
1,744,863 1,754,516

CURRENT ASSETS
Stocks 80,265 79,450
Debtors 6 1,142,629 996,804
Cash at bank and in hand 979,999 1,024,440
2,202,893 2,100,694
CREDITORS
Amounts falling due within one year 7 168,948 189,916
NET CURRENT ASSETS 2,033,945 1,910,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,778,808

3,665,294

CREDITORS
Amounts falling due after more than one
year

8

(189,914

)

(224,908

)

PROVISIONS FOR LIABILITIES (17,148 ) (19,561 )
NET ASSETS 3,571,746 3,420,825

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 3,569,746 3,418,825
SHAREHOLDERS' FUNDS 3,571,746 3,420,825

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.

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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 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 4 March 2025 and were signed on its behalf by:





Mr D Westgate - Director


BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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

1. STATUTORY INFORMATION

Beach Farm Residential and 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.

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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

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

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the company's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life, considered to be 5 years.

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.

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Site caravans - 10% on cost
Fixtures and equipment - 10% reducing balance
Swimming pool - 10% reducing balance
Motor vehicles - 25% reducing balance

Depreciation is not charged on property and improvements to property.

The assets' residual values , useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

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

Cost is calculated using the first in, first out method.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.


BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 85,000
AMORTISATION
At 1 January 2024
and 31 December 2024 85,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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

5. TANGIBLE FIXED ASSETS
Freehold Site Fixtures
property Caravans & equipment
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1,676,271 69,941 299,625
DEPRECIATION
At 1 January 2024 - 69,717 239,779
Charge for year - 100 5,985
At 31 December 2024 - 69,817 245,764
NET BOOK VALUE
At 31 December 2024 1,676,271 124 53,861
At 31 December 2023 1,676,271 224 59,846

Swimming Motor
pool vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 15,911 20,000 2,081,748
DEPRECIATION
At 1 January 2024 15,236 2,500 327,232
Charge for year 68 3,500 9,653
At 31 December 2024 15,304 6,000 336,885
NET BOOK VALUE
At 31 December 2024 607 14,000 1,744,863
At 31 December 2023 675 17,500 1,754,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,142,629 996,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,953 24,354
Trade creditors 25,954 16,111
Taxation and social security 67,870 85,915
Other creditors 43,171 63,536
168,948 189,916

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 189,914 224,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable after more
than 5 years by instalments 35,730 105,867
35,730 105,867

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 221,867 249,262

Loans are secured on freehold property.

10. OTHER FINANCIAL COMMITMENTS

The company has commitments under operating leases amounting to £7,000 (2023 - £19,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr D Westgate
Balance outstanding at start of year 25,515 81,642
Amounts advanced 94,593 25,515
Amounts repaid (25,515 ) (81,642 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,593 25,515

Mrs S J Westgate
Balance outstanding at start of year 26,195 45,639
Amounts advanced 33,403 26,195
Amounts repaid (26,195 ) (45,639 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,403 26,195

BEACH FARM RESIDENTIAL AND HOLIDAY PARK
LIMITED (REGISTERED NUMBER: 00712364)

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

12. RELATED PARTY DISCLOSURES

Beach Farm Residential and Holiday Park Ltd lent money to Beach Farm Park Ltd to purchase the residential caravan park adjacent to the holiday caravan park owned by Beach Farm Residential and Holiday Park Ltd.

An amount of £1,010,782 is owed to Beach Farm Residential and Holiday Park Ltd. No repayment terms have been agreed on this loan so it is disclosed as recoverable within one year.

Mr D Westgate is a Director and 100% shareholder in Beach Farm Park Ltd.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.