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Registration number: 00866511

Houghtons Caravan & Holiday Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Houghtons Caravan & Holiday Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Houghtons Caravan & Holiday Services Limited

Company Information

Directors

Mr S P Houghton

Mrs G A Houghton

Mr L Houghton

Mr A P Houghton

Registered office

Bryn Morfa
Bangor Road
Conwy
Conwy
LL32 8DW

Accountants

Aston Hughes & Co
Chartered AccountantsSelby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE

 

Houghtons Caravan & Holiday Services Limited

(Registration number: 00866511)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

1,455,920

1,541,422

 

1,455,921

1,541,423

Current assets

 

Stocks

6

32,690

104,887

Debtors

7

235,287

107,465

Cash at bank and in hand

 

134,959

141,234

 

402,936

353,586

Creditors: Amounts falling due within one year

8

(533,859)

(533,154)

Net current liabilities

 

(130,923)

(179,568)

Total assets less current liabilities

 

1,324,998

1,361,855

Provisions for liabilities

(337,496)

(355,080)

Net assets

 

987,502

1,006,775

Capital and reserves

 

Called up share capital

9

100

100

Revaluation reserve

1,012,487

1,065,240

Retained earnings

(25,085)

(58,565)

Shareholders' funds

 

987,502

1,006,775

For the financial year ending 31 December 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 21 July 2025 and signed on its behalf by:
 

 

Houghtons Caravan & Holiday Services Limited

(Registration number: 00866511)
Balance Sheet as at 31 December 2024

.........................................
Mr S P Houghton
Director

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Bryn Morfa
Bangor Road
Conwy
Conwy
LL32 8DW
United Kingdom

These financial statements were authorised for issue by the Board on 21 July 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.

Departure from requirements of FRS 102

The depreciation charge on the revaluation of land and buildings £70,337 less associated movement in deferred tax £17,584 tax has been charged directly to the to the statement of comprehensive income and not the profit and loss account as required by FRS102. The directors consider this treatment provides a true and fair view of the performance of the business.

Going concern

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.

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

The land and buildings are stated at valuation. The valuation has been treated as the deemed cost on transition to FRS 102 Section 1A.

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

Land and buildings

5% on cost

Plant and machinery

20% on cost

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

20% on cost

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.

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 10).

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

40,000

40,000

At 31 December 2024

40,000

40,000

Amortisation

At 1 January 2024

39,999

39,999

At 31 December 2024

39,999

39,999

Carrying amount

At 31 December 2024

1

1

At 31 December 2023

1

1

5

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

1,600,000

63,198

1,663,198

Additions

1,450

-

1,450

At 31 December 2024

1,601,450

63,198

1,664,648

Depreciation

At 1 January 2024

80,000

41,776

121,776

Charge for the year

80,073

6,879

86,952

At 31 December 2024

160,073

48,655

208,728

Carrying amount

At 31 December 2024

1,441,377

14,543

1,455,920

At 31 December 2023

1,520,000

21,422

1,541,422

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £1,441,377 (2023 - £1,520,000) in respect of long leasehold land and buildings.
 

Revaluation

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The fair value of the company's Land and buildings was revalued on 11 October 2022 by an independent valuer. . The name and qualification of the independent valuer are Fox Leisure RICS.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £175,313 (2023 - £183,598).

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

32,690

104,887

7

Debtors

Current

2024
£

2023
£

Trade debtors

138,938

82,054

Prepayments

5,658

6,912

Other debtors

90,691

18,499

 

235,287

107,465

 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

480,264

456,482

Taxation and social security

21,652

44,088

Accruals and deferred income

17,650

16,450

Other creditors

14,293

16,134

533,859

533,154

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Deficit on revaluation of property plant and equipment net of deferred tax

(52,753)

(52,753)

11

Dividends

2024

2023

£

£

Interim dividend of £240.00 (2023 - £1,212.00) per ordinary share

24,000

121,200

 

 
 

Houghtons Caravan & Holiday Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

2023

£

£

Interim dividend of £240 (2023 - £1,212) per ordinary share

24,000

121,200

 

 

12

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

At 31 December 2024
£

Mr S P Houghton

Advances

-

43,862

43,862

Mrs G A Houghton

Advances

-

43,862

43,862

13

Parent and ultimate parent undertaking

The ultimate controlling party is Mr & Mrs S P Houghton.