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REGISTERED NUMBER: 07090990 (England and Wales)













Financial Statements

for the Year Ended 30 November 2024

for

Petwood Leisure Limited

Petwood Leisure Limited (Registered number: 07090990)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Petwood Leisure Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr R T Booth
Mrs J Booth



REGISTERED OFFICE: Edlington Moor Farm
Stixwould
WOODHALL SPA
Lincolnshire
LN10 5HL



REGISTERED NUMBER: 07090990 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC Bank plc
221 High Street
LINCOLN
Lincolnshire
LN1 1TS

Petwood Leisure Limited (Registered number: 07090990)

Abridged Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 313,142 321,166

CURRENT ASSETS
Stocks 500 1,400
Debtors 3,502 4,379
Cash at bank and in hand 348,178 299,136
352,180 304,915
CREDITORS
Amounts falling due within one year 255,902 275,900
NET CURRENT ASSETS 96,278 29,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,420

350,181

CAPITAL AND RESERVES
Called up share capital 450,000 450,000
Retained earnings (40,580 ) (99,819 )
SHAREHOLDERS' FUNDS 409,420 350,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Petwood Leisure Limited (Registered number: 07090990)

Abridged Statement of Financial Position - continued
30 November 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 May 2025 and were signed on its behalf by:





Mr R T Booth - Director


Petwood Leisure Limited (Registered number: 07090990)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Petwood Leisure 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 represents sales of goods and charges for caravan pitches, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost and not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.


Petwood Leisure Limited (Registered number: 07090990)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 644,836
DEPRECIATION
At 1 December 2023 323,670
Charge for year 8,024
At 30 November 2024 331,694
NET BOOK VALUE
At 30 November 2024 313,142
At 30 November 2023 321,166

Petwood Leisure Limited (Registered number: 07090990)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. RELATED PARTY DISCLOSURES

Also included in creditors is a balance of £12,952 (2023: £36,112) owed to Petwood Farming Co (Woodhall) Ltd. This company is controlled by Mr R T Booth, a director and shareholder of the company. This amount is repayable on demand.

The above loan is unsecured and interest free.