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Registration number: 09230663

Tamar Valley Camping Limited

Annual Report and Unaudited Financial Statements

for the year ended 30 September 2024

 

Tamar Valley Camping Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Tamar Valley Camping Limited

(Registration number: 09230663)
Statement of Financial Position
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

164,305

168,631

 

164,306

168,632

Current assets

 

Stocks

6

300

300

Debtors

7

2,807

2,767

Cash at bank and in hand

 

770

1,634

 

3,877

4,701

Creditors: Amounts falling due within one year

8

(172,539)

(192,922)

Net current liabilities

 

(168,662)

(188,221)

Net liabilities

 

(4,356)

(19,589)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(4,456)

(19,689)

Shareholders' deficit

 

(4,356)

(19,589)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

 

Tamar Valley Camping Limited

(Registration number: 09230663)
Statement of Financial Position
30 September 2024

.........................................
D F C Ross-Thomas
Director

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

These financial statements were authorised for issue by the Board on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

over 4 years

Fixtures and fittings

15% reducing balance

Motor vehicles

over 4 years

Office equipment

over 5 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

80,000

80,000

At 30 September 2024

80,000

80,000

Amortisation

At 1 October 2023

79,999

79,999

At 30 September 2024

79,999

79,999

Carrying amount

At 30 September 2024

1

1

At 30 September 2023

1

1

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

148,768

27,657

24,500

70,793

271,718

Additions

-

2,637

-

-

2,637

At 30 September 2024

148,768

30,294

24,500

70,793

274,355

Depreciation

At 1 October 2023

-

17,111

22,103

63,873

103,087

Charge for the year

-

1,891

2,395

2,677

6,963

At 30 September 2024

-

19,002

24,498

66,550

110,050

Carrying amount

At 30 September 2024

148,768

11,292

2

4,243

164,305

At 30 September 2023

148,768

10,546

2,397

6,920

168,631

 

Tamar Valley Camping Limited

Notes to the Unaudited Financial Statements
for the year ended 30 September 2024

6

Stocks

2024
£

2023
£

Other inventories

300

300

7

Debtors

Current

2024
£

2023
£

Prepayments

2,807

2,767

 

2,807

2,767

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

906

870

Other creditors

171,633

192,052

172,539

192,922