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REGISTERED NUMBER: 01364778 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

WEST DORSET LEISURE HOLIDAYS LIMITED

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST DORSET LEISURE HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: V A Cox
M J Cox





SECRETARY: M J Cox





REGISTERED OFFICE: The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ





REGISTERED NUMBER: 01364778 (England and Wales)





AUDITORS: Gowers Limited, Statutory Auditor
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 68,894 75,834
Tangible assets 5 4,695,767 2,804,558
Investments 6 50 50
4,764,711 2,880,442

CURRENT ASSETS
Stocks 7 338,377 522,370
Debtors 8 2,712,489 2,541,292
Cash at bank 2,425,216 4,260,495
5,476,082 7,324,157
CREDITORS
Amounts falling due within one year 9 (1,889,601 ) (1,919,056 )
NET CURRENT ASSETS 3,586,481 5,405,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,351,192

8,285,543

CREDITORS
Amounts falling due after more than one
year

10

(65,708

)

(45,075

)

PROVISIONS FOR LIABILITIES (277,000 ) (361,000 )
NET ASSETS 8,008,484 7,879,468

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Share premium 168,100 168,100
Retained earnings 7,790,384 7,661,368
SHAREHOLDERS' FUNDS 8,008,484 7,879,468

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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




M J Cox - Director



V A Cox - Director


WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

West Dorset Leisure Holidays 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 accounts are presented in Great British pounds and are rounded to the nearest pound.

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.

Group financial statements
The company and its dormant subsidiary comprise a small group. The company has taken advantage of Section 409 of the Companies Act 2006 not to prepare group financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced site fees and sales of goods, excluding Value Added Tax.

The company recognises revenue as follows:
Holiday home sales are recognised in the month in which the customer handover occurs.
Pitch fees, rates and insurance billed are recognised in the period to which they relate.
Holiday revenue is recognised in the month in which the the holiday ends.
Turnover relating to shops, Post Office bars, food outlets, fitness club, swimming pool and other incidentals are recognised on receipt.
Commission income is recognised in the period to which the sale relates.

Deferred income represents amounts received relating to future periods and is released to turnover in the period for which it has been received.

Accrued income represents services provided during the period which were not invoiced at the year end.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets (including website costs) are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are written off as incurred.

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

Park improvements10% reducing balance or straight line over deemed useful life
Caravans and vehicles25% reducing balance or straight line over deemed useful life
Computer equipment33.33% straight line
Fixtures and equipment25% straight line
Freehold buildings2% straight line

No depreciation is provided on freehold land.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 defined in relation to the different categories of stock as being that expenditure which has been incurred in the normal course of business in bringing the produce to its present location and condition. Such costs included the initial purchase price, including duties, transport and handling costs, less trade discounts, rebates and subsidies. Net realisable value is the estimated proceeds of sales of the stock items, less all costs to the incurred in marketing, selling and distributing said items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs
The company operates a defined contribution pension scheme and the obligation of the company is charged to the profit and loss account in the year in which premiums become payable.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. All remaining leases held by the company are regarded as operating leases and the total payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st October 2023 85,000 8,704 93,704
Additions - 2,701 2,701
At 30th September 2024 85,000 11,405 96,405
AMORTISATION
At 1st October 2023 17,000 870 17,870
Charge for year 8,500 1,141 9,641
At 30th September 2024 25,500 2,011 27,511
NET BOOK VALUE
At 30th September 2024 59,500 9,394 68,894
At 30th September 2023 68,000 7,834 75,834

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold equipment,
property vehicles
and park and
improvements caravans Totals
£    £    £   
COST
At 1st October 2023 2,739,212 2,953,739 5,692,951
Additions 1,795,324 571,557 2,366,881
Disposals - (155,503 ) (155,503 )
At 30th September 2024 4,534,536 3,369,793 7,904,329
DEPRECIATION
At 1st October 2023 995,588 1,892,805 2,888,393
Charge for year 168,946 260,974 429,920
Eliminated on disposal - (109,751 ) (109,751 )
At 30th September 2024 1,164,534 2,044,028 3,208,562
NET BOOK VALUE
At 30th September 2024 3,370,002 1,325,765 4,695,767
At 30th September 2023 1,743,624 1,060,934 2,804,558

The cost of freehold buildings on which depreciation is charged amounted to £1,566,067 (2023: £497,625).

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2023
and 30th September 2024 50
NET BOOK VALUE
At 30th September 2024 50
At 30th September 2023 50

The company owns 100 ordinary shares of £1 being 100% of the issued ordinary share capital of Golden Cap Caravan Park Limited a company incorporated in England and Wales. The aggregate Capital and Reserves of the subsidiary company at 30th September 2024 was £100 (2023: £100). Throughout the year, the company was dormant.

7. STOCKS
2024 2023
£    £   
Goods for resale 338,377 522,370

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,420 61,473
Amounts owed by a related company 316 666
Other debtors 2,410,478 2,410,478
Tax 77,798 -
Prepayments and accrued income 117,477 68,675
2,712,489 2,541,292

Other debtors include £1,910,478 (2023: £1,910,478) owed by Sandyholme Holiday Park Limited, a company whose voting share capital is wholly owned by two of the directors.

Other debtors also includes £500,000 (2023: £500,000) owed by Eype House Holiday Park Limited, a company whose shareholders are related to the directors (see note 11).

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,700 3,900
Payments on account 9,269 3,347
Trade creditors 284,911 421,158
Amounts owed to subsidiary company 102 102
Amounts owed to a related company 224,104 221,373
Tax - 15,229
Social security and other taxes 13,982 18,040
VAT 15,361 32,471
Other creditors 551,503 549,429
Directors' loan accounts 356,454 263,095
Accruals and deferred income 417,215 390,912
1,889,601 1,919,056

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 30,708 10,075
Directors' loan account 35,000 35,000
65,708 45,075

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian A Carter FCA (Senior Statutory Auditor)
for and on behalf of Gowers Limited, Statutory Auditor

WEST DORSET LEISURE HOLIDAYS LIMITED (REGISTERED NUMBER: 01364778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


12. RELATED PARTY DISCLOSURES

Funds held by the company were used to support the financing of the purchase of the trade and assets of Sandyholme Caravan Park by Sandyholme Holiday Park Limited in 2008 and Eype House Holiday Park Limited in 2021 by Eype House Holiday Park Limited, a company controlled by M J Cox and V A Cox and of which they are directors. The amounts owed (see note 8) are considered due within one year and are cross guaranteed by Highlands End Farm Caravan Park Limited, a company in which all of the directors are directors, and V A Cox and is a shareholder.

Included within Other Debtors is a loan owed from Sandyholme Holiday Caravan Park Limited amounting to £1,910,478 (2023: £1,910,478). Sandyholme Holiday Caravan Park Limited is related by by virtue of common ownership and control. A company in which Mr M Cox and Mrs V Cox are directors and shareholders.The loan is repayable on demand.

Included within Other Debtors is a loan owed from Graston Copse Holiday Park Limited amounting to £316 (2023: £666). Graston Copse Holiday Park Limited is related by by virtue of common ownership and control. A company in which Mr M Cox and Mrs V Cox are directors and shareholders.The loan is repayable on demand.

Also included within Other Debtors is a loan owed from Eype House Holiday Park Limited amounting to £500,000 (2022: £500,000). Eype House Holiday Park Limited is related by by virtue of related party ownership and control with close family members. The loan is repayable on demand.

Included within Other Creditors is a loan owed to Highlands End Farm Caravan Park Limited amounting to £223,826 (2023: £221,095). Highlands End Farm Caravan Park Limited is related by virtue of common ownership and control. A company in which Mr M Cox and Mrs V Cox are directors and shareholders.The loan is repayable on demand.

Included within Other Creditors is a loan owed to Larkfield Caravan Park Limited amounting to £278 (2023: £278). Larkfield Caravan Park Limited is related by virtue of common ownership and control. A company in which Mr M Cox and Mrs V Cox are directors and shareholders.The loan is repayable on demand.

The company was charged a management fees totalling £25,000 (2023: £28,000) by Highlands End Farm Caravan Park Limited

The directors consider that overall it is unnecessary to provide for interest on loans between related companies, as any such provision would be immaterial for the year under review.

Related party transactions throughout the year were concluded under normal market conditions.

13. ULTIMATE CONTROLLING PARTY

West Dorset Leisure Holidays Limited is controlled by V A Cox, a director of the company.

14. GUARANTEES

The company has given a composite guarantee in respect of borrowings by Highlands End Farm Caravan Park Limited, Larkfield Caravan Park Limited, Graston Copse Holiday Park Limited, Sandyholme Holiday Park Limited and Eype House Holiday Park Limited, related companies.