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REGISTERED NUMBER: 01505786 (England and Wales)


















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PEMBERTON PARK AND LEISURE HOMES LIMITED

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14


PEMBERTON PARK AND LEISURE HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mr K D McAdam
Mr NAAR Younis
Mr J P Finch



SECRETARY: Mr J P Finch



REGISTERED OFFICE: Woodhouse Lane
Wigan
Lancashire
WN6 7NF



REGISTERED NUMBER: 01505786 (England and Wales)



AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: National Westminster Bank Plc
4 Standishgate
Wigan
Lancashire
WN1 1UJ

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STRATEGIC REPORT
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The results for the year are shown in the annexed financial statements and represent a very satisfactory outcome for the year under review. During the year the company produced a profit before taxation of £1,576,412 (2023- £6,543,015). Turnover decreased over the previous year finishing at £21,654,727 (2023 - £40,603,289).

2024 was a challenging year for the business. Turnover reduced in line with decreased demand within the industry.
The directors took all necessary measures to meet these challenges and forecast that the company is well- positioned to manage these near-term headwinds and expect the company to continue to operate profitability during the coming year.

A top priority for our business continues to be maintaining a safe working environment for our employees. Regular engagement of the board with senior managers underpins this commitment and significant investment has been incurred in upgrading our systems and production line and mechanical handling equipment in furtherance of this objective.

Pemberton Park and Leisure Homes Limited is committed to substantial investment in product design and innovation to maintain its reputation and competitive position in the marketplace.

Key performance indicators
The company's principal key performance indicators during the year were as follows:

2024 2023
£'000 £'000
Sales 21,655 40,603
Gross margin 6,090 12,654
EBITDA 1,599 6,811
Net assets 26,734 27,472

The board and senior management also monitor operational efficiency and utilisation of resources by reference to other financial and non-financial performance indicators in such areas as sales, production, procurement, customer service, quality assurance, health and safety and overheads.

Future Developments
The Directors anticipate that markets conditions will remain challenging for the year ahead with economic stability and confidence being a dominant factor.

PRINCIPAL RISKS AND UNCERTAINTIES
The company operates in a competitive market but reduces this risk by maintaining close relationships with customers and suppliers and developing award winning products. Ongoing investment and commitment to a process of continual improvement and development ensures that our product range is continually being updated and maintains it's market leading appeal.

Credit risk is managed by strict evaluation and assessment protocols and rigorous collection procedures.

Cashflow and liquidity risk is closely monitored by The Directors to ensure all current and future obligations are adequately funded.


PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STRATEGIC REPORT
for the Year Ended 30 September 2024

FIXED ASSETS
The changes in fixed assets, details of which are set out in the notes to the annexed financial statements, arose out of normal business requirements.

ON BEHALF OF THE BOARD:



Mr J P Finch - Secretary


28 May 2025

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

REPORT OF THE DIRECTORS
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the manufacture and sale of caravan holiday homes and residential park homes.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £1,954,476 (2023 - £879,514).

Following the year end the company declared additional dividends of £2,443,095 relating to the 2025 financial statements.

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

Mr K D McAdam
Mr NAAR Younis
Mr J P Finch

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:



Mr J P Finch - Secretary


28 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PEMBERTON PARK AND LEISURE HOMES LIMITED

Opinion
We have audited the financial statements of Pemberton Park and Leisure Homes Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PEMBERTON PARK AND LEISURE HOMES LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PEMBERTON PARK AND LEISURE HOMES LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

we identified the laws and regulations applicable to the company through discussions with directors and other management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation, employment legislation and Health and Safety regulations.

- we enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed controls the directors have in place to ensure compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

- we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above;

- we enquired of the directors about actual and potential litigation and claims.

Due to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PEMBERTON PARK AND LEISURE HOMES LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Gary Edgerton FCA Cert PFS (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

28 May 2025

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STATEMENT OF COMPREHENSIVE
INCOME
for the Year Ended 30 September 2024

2024 2023
Notes £    £    £   

TURNOVER 3 21,654,727 40,603,289

Cost of sales 15,565,222 27,949,423
GROSS PROFIT 6,089,505 12,653,866

Distribution costs 90,158 176,168
Administrative expenses 4,819,446 6,048,948
4,909,604 6,225,116
1,179,901 6,428,750

Other operating income 36,331 54,385
OPERATING PROFIT 1,216,232 6,483,135

Interest receivable and similar income 340,530 60,080
1,556,762 6,543,215

Interest payable and similar expenses 5 (19,650 ) 200
PROFIT BEFORE TAXATION 6 1,576,412 6,543,015

Tax on profit 7 359,598 705,451
PROFIT FOR THE FINANCIAL YEAR 1,216,814 5,837,564

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,216,814

5,837,564

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 9 1,479,298 1,733,548

CURRENT ASSETS
Stocks 10 4,794,760 5,744,823
Debtors 11 11,897,629 18,345,219
Cash at bank and in hand 12,309,388 9,302,199
29,001,777 33,392,241
CREDITORS
Amounts falling due within one year 12 3,507,587 7,347,166
NET CURRENT ASSETS 25,494,190 26,045,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,973,488

27,778,623

PROVISIONS FOR LIABILITIES 14 239,340 306,813
NET ASSETS 26,734,148 27,471,810

CAPITAL AND RESERVES
Called up share capital 15 325,746 325,746
Capital redemption reserve 16 20,000 20,000
Retained earnings 16 26,388,402 27,126,064
SHAREHOLDERS' FUNDS 26,734,148 27,471,810

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





Mr J P Finch - Director


PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 30 September 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 325,746 22,168,014 20,000 22,513,760

Changes in equity
Dividends - (879,514 ) - (879,514 )
Total comprehensive income - 5,837,564 - 5,837,564
Balance at 30 September 2023 325,746 27,126,064 20,000 27,471,810

Changes in equity
Dividends - (1,954,476 ) - (1,954,476 )
Total comprehensive income - 1,216,814 - 1,216,814
Balance at 30 September 2024 325,746 26,388,402 20,000 26,734,148

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

STATEMENT OF CASH FLOWS
for the Year Ended 30 September 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,795,201 4,836,027
Interest paid 19,650 (200 )
Tax paid (1,065,685 ) (385,890 )
Net cash from operating activities 4,749,166 4,449,937

Cash flows from investing activities
Purchase of tangible fixed assets (143,688 ) (816,947 )
Sale of tangible fixed assets 15,657 23,170
Interest received 340,530 60,080
Net cash from investing activities 212,499 (733,697 )

Cash flows from financing activities
Equity dividends paid (1,954,476 ) (879,514 )
Net cash from financing activities (1,954,476 ) (879,514 )

Increase in cash and cash equivalents 3,007,189 2,836,726
Cash and cash equivalents at beginning of
year

2

9,302,199

6,465,473

Cash and cash equivalents at end of year 2 12,309,388 9,302,199

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE STATEMENT OF CASH FLOWS
for the Year Ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 1,576,412 6,543,015
Depreciation charges 380,894 335,786
Loss/(profit) on disposal of fixed assets 1,387 (7,576 )
Finance costs (19,650 ) 200
Finance income (340,530 ) (60,080 )
1,598,513 6,811,345
Decrease in stocks 950,063 444,205
Decrease/(increase) in trade and other debtors 6,447,590 (841,585 )
Decrease in trade and other creditors (3,200,965 ) (1,577,938 )
Cash generated from operations 5,795,201 4,836,027

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 September 2024
30/9/24 1/10/23
£    £   
Cash and cash equivalents 12,309,388 9,302,199
Year ended 30 September 2023
30/9/23 1/10/22
£    £   
Cash and cash equivalents 9,302,199 6,465,473


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/10/23 Cash flow At 30/9/24
£    £    £   
Net cash
Cash at bank and in hand 9,302,199 3,007,189 12,309,388
9,302,199 3,007,189 12,309,388
Total 9,302,199 3,007,189 12,309,388

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pemberton Park and Leisure Homes 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

a) Useful economic lives
The useful economic lives of tangible fixed assets are assessed on an annual basis on the latest available information. Management believe that the useful economic lives being used currently are still appropriate.

b) Warranty provision
The warranty provision is estimated using information and assessments by experienced management. The basis on which this is calculated is set out in the accounting policies for provisions for liabilities.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided and is shown net of VAT.
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 ordinarily on the raising of a sales invoice.

Tangible fixed assets
Fixed assets are recorded at cost less depreciation and any impairment.
Depreciation is provided at the following annual rates in order to write off the cost less any estimated residual value of each asset over it's estimated useful life.

Improvements to property- 15% on reducing balance
Fixed Plant- 15% on reducing balance
Plant and machinery- 20% on reducing balance
Fixtures and fittings- 20% on cost
Motor vehicles- 33% on reducing balance
Computer equipment- 33% on cost

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Stocks, work in progress and finished goods
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Work in progress and finished goods are valued at the lower of cost and net realisable value. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress or finished goods.

Revenue is recognised from the sale of goods when the company has transferred the significant risks and rewards of ownership to the customer.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Short term employee benefits are recognised as an expense in the period in which they are incurred.

Financial instruments
The company only holds basic financial instruments, as defined under Section 11 of FRS 102.

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term financial liabilities, including trade and other creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due, those payable after one year should be measured at amortised cost, using the effective interest rate method.

Taxation
Taxation expense represents the sum of the current and deferred tax payable.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting period using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
reporting date.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Warranty provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

All of the company's turnover is within the UK and EU.

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,969,713 6,877,187
Social security costs 406,484 553,241
Other pension costs 109,989 157,002
5,486,186 7,587,430

The average number of employees during the year was as follows:
2024 2023

Administration 31 33
Production 130 201
161 234

2024 2023
£    £   
Directors' remuneration 161,199 273,988
Directors' pension contributions to money purchase schemes 6,153 10,673

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Dealer stock financing charge (19,650 ) 200

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

6. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 380,894 335,786
Loss/(profit) on disposal of fixed assets 1,387 (7,576 )
Auditors' remuneration 20,800 19,000
Operating lease rentals - land & buildings 539,234 537,915

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 461,350 1,351,024
Overprovision in prior years (34,279 ) (774,828 )
Total current tax 427,071 576,196

Deferred tax (67,473 ) 129,255
Tax on profit 359,598 705,451

UK corporation tax has been charged at 25% (2023 - 22%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,576,412 6,543,015
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

394,103

1,439,463

Effects of:
Expenses not deductible for tax purposes 1,435 6,359

Fixed asset differences (69,134 ) (94,798 )
Remeasurement of deferred tax for changes in tax rates 67,473 129,255
Over provision from prior periods (34,279 ) (774,828 )
Total tax charge 359,598 705,451

8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Dividends paid 1,954,476 879,514

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. TANGIBLE FIXED ASSETS
Improvements
to Fixed Plant and
property plant machinery
£    £    £   
COST
At 1 October 2023 759,013 135,539 3,095,823
Additions - - 48,464
Disposals - - (138,342 )
At 30 September 2024 759,013 135,539 3,005,945
DEPRECIATION
At 1 October 2023 467,524 128,100 1,867,817
Charge for year 43,934 1,116 248,905
Eliminated on disposal - - (132,554 )
At 30 September 2024 511,458 129,216 1,984,168
NET BOOK VALUE
At 30 September 2024 247,555 6,323 1,021,777
At 30 September 2023 291,489 7,439 1,228,006

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 52,443 483,910 152,889 4,679,617
Additions - 94,118 1,106 143,688
Disposals - (145,184 ) (72,565 ) (356,091 )
At 30 September 2024 52,443 432,844 81,430 4,467,214
DEPRECIATION
At 1 October 2023 40,802 313,321 128,505 2,946,069
Charge for year 3,907 70,078 12,954 380,894
Eliminated on disposal - (133,928 ) (72,565 ) (339,047 )
At 30 September 2024 44,709 249,471 68,894 2,987,916
NET BOOK VALUE
At 30 September 2024 7,734 183,373 12,536 1,479,298
At 30 September 2023 11,641 170,589 24,384 1,733,548

10. STOCKS
2024 2023
£    £   
Raw materials 1,676,894 2,217,360
Work-in-progress 339,447 423,634
Finished goods 2,778,419 3,103,829
4,794,760 5,744,823

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,515,677 17,708,564
Other debtors 124,528 426,011
Prepayments 257,424 210,644
11,897,629 18,345,219

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,163,401 4,665,775
Corporation tax 123,058 761,672
Social security and other taxes 100,611 184,042
Other creditors 95,951 253,351
Accruals and deferred income 1,024,566 1,482,326
3,507,587 7,347,166

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 251,846 525,279
Between one and five years - 251,846
251,846 777,125

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 239,340 306,813

Deferred
tax
£   
Balance at 1 October 2023 306,813
Credit to Statement of Comprehensive Income during year (67,473 )
Balance at 30 September 2024 239,340

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
325,746 Ordinary £1 325,746 325,746

PEMBERTON PARK AND LEISURE HOMES LIMITED (REGISTERED NUMBER: 01505786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

15. CALLED UP SHARE CAPITAL - continued

The holders of the ordinary shares are entitled to receive dividends and to vote at the meetings of the company.

Called up share capital represents the nominal value of shares that have been issued.

16. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 27,126,064 20,000 27,146,064
Profit for the year 1,216,814 - 1,216,814
Dividends (1,954,476 ) - (1,954,476 )
At 30 September 2024 26,388,402 20,000 26,408,402

Retained earnings includes all current and prior retained profits and losses.

17. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds.Contributions to the scheme amounted to £109,990 (2023 - £157,002) and as at the year end there were £8,142 (2023 - £13,117) of unpaid contributions.

18. ULTIMATE PARENT COMPANY

77.45% (2023 - 77.45%) of the issued share capital of the company is owned by Pemberton Caravans Limited, which is a wholly owned subsidiary of Kermandine Limited.
Kermandine Limited prepares group financial statements copies of which can be obtained from Woodhouse Lane, Wigan, Lancashire WN6 7NF.
Both companies are registered in England and Wales.

19. RELATED PARTY DISCLOSURES

An annual rental of £539,234 (2023 - £537,915) is payable to the parent company. At the year end an amount of £161,713 (2023 - £161,384) remained outstanding.

Management charges of £144,000 (2023 - £255,000) were raised by the parent company, in respect of management services. At the year end £12,000 (2023 - £126,666) remains outstanding at the year end.

Included in the dividend paid of £1,954,476 (2023 - £879,514) are the following:-
£1,513,734 (2023 - £681,180) paid to it's parent company.
£440,742 (2023 - £198,334) paid to shareholders and directors of the company.

20. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.