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REGISTERED NUMBER: 11912005 (England and Wales)




















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 August 2024

for

Sunseeker Holiday Homes Limited

Sunseeker Holiday Homes Limited (Registered number: 11912005)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Income and Retained Earnings 10

Balance Sheet 11

Notes to the Financial Statements 12


Sunseeker Holiday Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D G Ashton
Mr R G Moore





REGISTERED OFFICE: Marfleet Works
Valetta Street
Kingston upon Hull
East Riding
HU9 5NP





REGISTERED NUMBER: 11912005 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Sunseeker Holiday Homes Limited (Registered number: 11912005)

Strategic Report
for the Year Ended 31 August 2024

Principal Activities

The principal activity of the group during the year continued to be manufacture of holiday park homes.

Business review

The Directors report that the group made a loss before tax of -£729,285 (2023 profit £1,234,253). Shareholders funds amounted to £842,050 (2023 £1,423,025).

Key performance indicators ('KPIs')

2024 2023
£ £
Turnover 8,447,087 16,169,667
Profit/(Loss) before taxation (729,285) 1,234,253
Shareholder's funds 842,050 1,423,025


The key performance indicators reflect a difficult year with excess stock in the market from competitors not adjusting their levels of production after the peak from Covid. Sunseeker will continue to search out new opportunities, particularly by innovating for existing and new customers, to increase turnover again.

Principal risk and Uncertainties

Given the size of the company, the directors have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board.

General economic Risk

The company is exposed to general economic risk, including changes in the economic outlook in the mobile home sector. Increasing levels of inflation and disruption to supply chains caused by various worldwide events and the financial and economic uncertainty that this brings. The company is also exposed to the risk of future government changes in industrial, fiscal, monetary or regulatory policies. The company has an effective revenue strategy by monitoring costs and demand. This reduces, though does not eliminate, the financial impact arising from such adverse conditions.

Price Risk

The company is exposed to price risk due to normal inflationary increases in the purchase price of goods and services in the UK.

Demand risk

The main risk facing the company is that demand for new park homes doesn't continue. The company responds to changes in the market and customer demands to try and maintain its position in the market.

Quality risk

Failure to meet customer expectation in terms of quality. The company is at the forefront of innovation and is continually looking for ways to improve and manufacture homes. The Directors work closely with customers and suppliers to ensure that the products meet or exceed expectations as far as possible.

Credit risk

The company seeks to manage its credit risk by establishing clear contractual relationships with customers and by identifying and addressing any credit issues arising in a timely manner.
Liquidity Risk - Management maintains cash flow in order to ensure the company is able to meet its liabilities as they fall due.



Sunseeker Holiday Homes Limited (Registered number: 11912005)

Strategic Report
for the Year Ended 31 August 2024

Interest rate Risk

The company has interest bearing liabilities with a fixed interest rate for the duration.

Future Developments

The management are focused on improving sales of manufacturing.

Post Balance Sheet Events

The Company entered into a Loan Repayment and Share Transfer Deed of Agreement with Dennis Ashton , Richard Moore, Mark Christison and SRG Park Holdings Limited. See Note 20 to the accounts for full details.

ON BEHALF OF THE BOARD:





Mr D G Ashton - Director


28 May 2025

Sunseeker Holiday Homes Limited (Registered number: 11912005)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 August 2024.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

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

Mr D G Ashton
Mr R G Moore

Other changes in directors holding office are as follows:

Mr E Jones , Mr J C Gale , Mr S Geranio and Mr M A Christison ceased to be directors after 31 August 2024 but prior to the date of this report.

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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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;
-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.

Sunseeker Holiday Homes Limited (Registered number: 11912005)

Report of the Directors
for the Year Ended 31 August 2024


AUDITORS
The auditors, Clifford Roberts - Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr D G Ashton - Director


28 May 2025

Report of the Independent Auditors to the Members of
Sunseeker Holiday Homes Limited

Opinion
We have audited the financial statements of Sunseeker Holiday Homes Limited (the 'company') for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 31 August 2024 and of its loss 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
Sunseeker Holiday 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
Sunseeker Holiday 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory framework applicable to the company and
the sector in which they operate. We determined that the following laws and regulations were most
significant: Companies Act 2006, UK Generally Accepted Accounting Practice.
- We obtained an understanding of how the company is complying with those legal and regulatory
frameworks by making inquiries to the management and by observing the oversight of management,
the culture of honesty and ethical behaviour and whether strong emphasis is placed on fraud
prevention, which may reduce the opportunities for fraud to take place, and fraud deterrence, which
could persuade individuals not to commit fraud in the first instance. We corroborated our inquiries
through our review of all relevant available audit information.
- We assessed and understood the susceptibility of the company's financial statements to material
misstatement, including how fraud might occur. Based on this understanding we designed our audit
procedures to identify non-compliance with such laws and regulations. The audit procedures
performed by the engagement team included:
- Identifying and assessing the design and effectiveness of controls management has in place to
prevent and detect fraud;

- Understanding how senior management consider and addressed the potential for override of
controls or other inappropriate influence over the financial reporting process;



- Performing audit work on the risk of management override of the controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing the accounting
estimates for bias; and
- Assessing the extent of compliance with the relevant laws and regulations.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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
Sunseeker Holiday 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.




Julian Payne BA FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

28 May 2025

Sunseeker Holiday Homes Limited (Registered number: 11912005)

Statement of Income and Retained Earnings
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

TURNOVER 8,447,087 16,169,667

Cost of sales 7,588,871 13,108,969
GROSS PROFIT 858,216 3,060,698

Administrative expenses 1,516,445 1,762,297
OPERATING (LOSS)/PROFIT 5 (658,229 ) 1,298,401

Interest receivable and similar income - 36
(658,229 ) 1,298,437

Interest payable and similar expenses 6 71,056 64,184
(LOSS)/PROFIT BEFORE TAXATION (729,285 ) 1,234,253

Tax on (loss)/profit 7 (158,310 ) 261,343
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(570,975

)

972,910

Retained earnings at beginning of year 1,213,025 240,115

RETAINED EARNINGS AT END OF
YEAR

642,050

1,213,025

Sunseeker Holiday Homes Limited (Registered number: 11912005)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 91,304 146,327

CURRENT ASSETS
Stocks 9 982,890 1,633,219
Debtors 10 1,000,849 1,392,830
Cash at bank and in hand 796,725 1,149,638
2,780,464 4,175,687
CREDITORS
Amounts falling due within one year 11 1,107,848 2,142,285
NET CURRENT ASSETS 1,672,616 2,033,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,763,920

2,179,729

CREDITORS
Amounts falling due after more than one
year

12

921,670

756,704
NET ASSETS 842,250 1,423,025

CAPITAL AND RESERVES
Called up share capital 17 400 400
Share premium 18 199,800 209,600
Retained earnings 18 642,050 1,213,025
SHAREHOLDERS' FUNDS 842,250 1,423,025

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 D G Ashton - Director


Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

1. STATUTORY INFORMATION

Sunseeker Holiday 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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

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 deferred taxation and the estimated useful economic life of tangible fixed assets.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The Company has transferred the significant risks and rewards of ownership to the buyer;
- The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- The amount of revenue can be measured reliably;
- It is probable that the Company will receive the consideration due under the transaction; and
- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 50% on cost and 20% on cost
Computer equipment - 25% on cost

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress 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 and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies, management have been required to make judgments, estimates and assumptions. These estimates which relate to the carrying value of assets and liabilities, where not readily available from other sources, are based on underlying assumptions and experience. Actual results may differ from these estimates. These estimates and assumptions are reviewed on an on-going basis.

Sources of estimation uncertainty:

Depreciation rates are based on estimates of the useful lives and residual values of the associated assets.

Warranty provisions are based on an estimated additional spend per home, for snagging and costs applicable to homes already delivered.

Labour absorptions are based on an estimated values for net sales, and then multiplied by the stage completion on each job.

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

4. EMPLOYEES AND DIRECTORS

20242023
£   £   

Wages and Salaries2,120,1602,897,278
Social Security costs199,546276,243
Other Pension costs42,80757,395

2,348,1523,230,916

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

20242023

Weekly5074
Monthly1918

69 92


2024 2023
£    £   
Directors' remuneration 195,438 392,175
Directors' pension contributions to money purchase schemes 3,858 3,963

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

Money purchase schemes 3 3

5. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Other operating leases 242,766 237,292
Depreciation - owned assets 63,026 71,133
Loss on disposal of fixed assets 2,423 -
Auditors' remuneration 13,200 12,000
Auditors' remuneration for non audit work 5,985 6,425

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 917 2,902
Other interest 70,139 61,282
71,056 64,184

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - 319,218
Corporation Tax prior year adj (137,999 ) -
Total current tax (137,999 ) 319,218

Deferred tax (20,311 ) (57,875 )
Tax on (loss)/profit (158,310 ) 261,343

UK corporation tax was charged at 25%) in 2023.

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

2024 2023
£    £   
(Loss)/profit before tax (729,285 ) 1,234,253
(Loss)/profit multiplied by the standard rate of corporation tax in the
UK of 25% (2023 - 25%)

(182,321

)

308,563

Effects of:
Expenses not deductible for tax purposes 2,264 3,886
Depreciation in excess of capital allowances 11,711 1,706
Change in tax rate 30,347 (50,799 )
Origination and reversal of timing differences - (2,013 )
temporary timing differences (20,311 ) -
Total tax (credit)/charge (158,310 ) 261,343

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 166,778 21,128 61,000 69,942 318,848
Additions 976 - 9,000 450 10,426
Disposals (4,000 ) - - - (4,000 )
At 31 August 2024 163,754 21,128 70,000 70,392 325,274
DEPRECIATION
At 1 September 2023 81,256 11,934 15,947 63,384 172,521
Charge for year 35,473 4,188 19,054 4,311 63,026
Eliminated on disposal (1,577 ) - - - (1,577 )
At 31 August 2024 115,152 16,122 35,001 67,695 233,970
NET BOOK VALUE
At 31 August 2024 48,602 5,006 34,999 2,697 91,304
At 31 August 2023 85,522 9,194 45,053 6,558 146,327

9. STOCKS
2024 2023
£    £   
Stocks 397,283 515,159
Work-in-progress 386,324 585,293
Finished goods 199,283 532,767
982,890 1,633,219

10. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 774,081 1,108,544
Other debtors 12,800 10,200
VAT 56,111 107,813
Deferred tax asset 39,591 19,280
Prepayments 115,181 146,993
997,764 1,392,830

Amounts falling due after more than one year:
Other debtors 3,085 -

Aggregate amounts 1,000,849 1,392,830

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 471,974 702,505
Amounts owed to group undertakings 24,000 -
Tax 26,849 319,182
Social security and other taxes 49,155 47,337
Other creditors 141,180 196,562
Accrued expenses 394,690 876,699
1,107,848 2,142,285

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 13) 99,800 90,000
Amounts owed to group undertakings 666,704 666,704
Accruals and deferred income 155,166 -
921,670 756,704

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Other loans 99,800 90,000

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 255,854 265,817
Between one and five years 129,024 229,343
384,878 495,160

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

15. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 99,800 90,000
Group 666,704 660,000
766,504 750,000

Security shareholders loans includes a fixed and floating charge over all assets.

Interest is charged on the shareholder loans at 4% per annum over the Bank of England base rate.

16. DEFERRED TAX
£   
Balance at 1 September 2023 (19,280 )
Accelerated capital allowances (20,311 )
Temporary timing difference
Balance at 31 August 2024 (39,591 )

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary 1 400 400

18. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 1,213,025 209,600 1,422,625
Deficit for the year (570,975 ) (570,975 )
Prior year adjustment - (9,800 ) (9,800 )
At 31 August 2024 642,050 199,800 841,850

19. RELATED PARTY DISCLOSURES

The company previously received a loan from its parent company amounting to £666,704. At the year end the balance outstanding is £666,704 (2023: £666,704). Interest is chargeable on the loan at 4% over base rate and is repayable on demand.

During the year, the ultimate controlling company provided consultancy services amounting to £30,000 (2023: £30,000). At the year end the amount owed to the ultimate controlling company was £24,000 (2023: nil).

Sunseeker Holiday Homes Limited (Registered number: 11912005)

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

20. POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date the Company entered into a Loan Repayment and Share Transfer Deed of Agreement with the Dennis Ashton (DA), Richard Moore (RM), Mark Christison (MC), and SRG Park Holdings Limited (SRG).

As at February 2025, the Company had outstanding Shareholder Loans totalling £523,631 owed to DA, RM, MC, and SRG.

The Agreement provides for the repayment of Shareholder Loans owed to MC and SRG and the transfer of certain Shares, structured to alter the Company's capital structure and ownership.

Certain shares held by SRG and MC have been transferred to DA and RM by way of gift for nil consideration. Following these initial transfers, the shareholdings have become: SRG 46.75%, MC 2.75%, DA 25.25%, and RM 25.25%.

Monthly repayments towards the outstanding balances of the MC and SRG Shareholder Loans are scheduled to commence on 1st January 2026. The commencement date may be brought forward if the Company meets certain criteria before January 2026.

Further share transfers from SRG and MC to DA and RM are conditional upon the reduction of the aggregate outstanding balance of the MC and SRG Shareholder Loans.

The final share transfer stage occurs when the combined MC and SRG loan balance is nil. This would result in a final shareholding structure where SRG holds 0%, MC holds 0%, DA holds 50%, and RM holds 50%. These subsequent transfers are also by way of gift for nil consideration.

Upon the full and irrevocable repayment of their respective Shareholder Loans and completion of applicable share transfers, MC is to release the MC Debenture and related obligations, and SRG is to release the SRG Debenture and related obligations. MC and SRG will also be released from certain prior agreements, including the Shareholders Agreement and Deed of Priority.


Until the MC and SRG Shareholder Loans are fully repaid, the Company is subject to various restrictions without prior written consent from MC and SRG. These include inter alia limitations on declaring dividends, repaying other shareholder loans, incurring certain new debt or security, disposing of material assets outside the ordinary course of business etc..

The obligations to make repayments and transfer shares are subject to the Company being solvent at the time of these actions and reasonably expected to remain solvent for the following 12 months, taking into account the effect of these actions.

This Agreement represents a significant post-balance sheet event that will materially impact the Company's debt levels, financing arrangements, security over assets, ownership structure, governance, and future cash flow management.

21. ULTIMATE CONTROLLING PARTY

The controlling party is SRG Park Holdings Limited.

The ultimate controlling party is Mr S Geranio.

SRG Park Holdings Limited and Silvro Limited's registered office:
1 Saxon House
Headway Business Park
Corby
Northants
NN18 9EZ