IRIS Accounts Production v25.1.4.42 02440023 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024400232023-11-30024400232024-11-30024400232023-12-012024-11-30024400232022-11-30024400232022-12-012023-11-30024400232023-11-3002440023ns15:EnglandWales2023-12-012024-11-3002440023ns14:PoundSterling2023-12-012024-11-3002440023ns10:Director12023-12-012024-11-3002440023ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3002440023ns10:SmallEntities2023-12-012024-11-3002440023ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3002440023ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3002440023ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3002440023ns10:FullAccounts2023-12-012024-11-3002440023ns10:OrdinaryShareClass12023-12-012024-11-3002440023ns10:Director22023-12-012024-11-3002440023ns10:CompanySecretary12023-12-012024-11-3002440023ns10:RegisteredOffice2023-12-012024-11-3002440023ns5:CurrentFinancialInstruments2024-11-3002440023ns5:CurrentFinancialInstruments2023-11-3002440023ns5:Non-currentFinancialInstruments2024-11-3002440023ns5:Non-currentFinancialInstruments2023-11-3002440023ns5:ShareCapital2024-11-3002440023ns5:ShareCapital2023-11-3002440023ns5:RetainedEarningsAccumulatedLosses2024-11-3002440023ns5:RetainedEarningsAccumulatedLosses2023-11-3002440023ns5:PlantMachinery2023-12-012024-11-3002440023ns5:LandBuildings2023-11-3002440023ns5:PlantMachinery2023-11-3002440023ns5:LandBuildings2023-12-012024-11-3002440023ns5:LandBuildings2024-11-3002440023ns5:PlantMachinery2024-11-3002440023ns5:LandBuildings2023-11-3002440023ns5:PlantMachinery2023-11-3002440023ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3002440023ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3002440023ns5:Non-currentFinancialInstruments2023-12-012024-11-3002440023ns5:Secured2024-11-3002440023ns5:Secured2023-11-3002440023ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 02440023 (England and Wales)















KIRKSTEAD HOLIDAY PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






KIRKSTEAD HOLIDAY PARK LIMITED (REGISTERED NUMBER: 02440023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


KIRKSTEAD HOLIDAY PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mrs A M Pittam
J M Pittam



SECRETARY: Mrs A M Pittam



REGISTERED OFFICE: Kirkstead Holiday Park
North Road
Trusthorpe
Mablethorpe
Lincolnshire
LN12 2QD



REGISTERED NUMBER: 02440023 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Barclays Bank PLC
65 Lumley Road
Skegness
Lincolnshire
PE25 3LU

KIRKSTEAD HOLIDAY PARK LIMITED (REGISTERED NUMBER: 02440023)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,230,613 1,178,326

CURRENT ASSETS
Stocks 5,150 5,800
Debtors 5 18,226 15,872
Cash at bank and in hand 384,040 345,027
407,416 366,699
CREDITORS
Amounts falling due within one year 6 365,936 321,021
NET CURRENT ASSETS 41,480 45,678
TOTAL ASSETS LESS CURRENT LIABILITIES 1,272,093 1,224,004

CREDITORS
Amounts falling due after more than one year 7 (637,101 ) (665,867 )

PROVISIONS FOR LIABILITIES (35,324 ) (21,473 )
NET ASSETS 599,668 536,664

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 598,668 535,664
SHAREHOLDERS' FUNDS 599,668 536,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:



J M Pittam - Director


KIRKSTEAD HOLIDAY PARK LIMITED (REGISTERED NUMBER: 02440023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Kirkstead Holiday Park 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


KIRKSTEAD HOLIDAY PARK LIMITED (REGISTERED NUMBER: 02440023)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 1,421,409 295,577 1,716,986
Additions 12,946 87,762 100,708
At 30 November 2024 1,434,355 383,339 1,817,694
DEPRECIATION
At 1 December 2023 322,049 216,611 538,660
Charge for year 14,150 34,271 48,421
At 30 November 2024 336,199 250,882 587,081
NET BOOK VALUE
At 30 November 2024 1,098,156 132,457 1,230,613
At 30 November 2023 1,099,360 78,966 1,178,326

Included in cost of land and buildings is freehold land of £ 726,830 (2023 - £ 726,830 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 11,454 11,852
Other debtors 6,772 4,020
18,226 15,872

KIRKSTEAD HOLIDAY PARK LIMITED (REGISTERED NUMBER: 02440023)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 30,472 26,664
Trade creditors 82,911 11,710
Taxation and social security 56,879 67,822
Other creditors 195,674 214,825
365,936 321,021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 242,101 270,867
Other creditors 395,000 395,000
637,101 665,867

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 116,600 146,739

The company has 395,000 £1 Redeemable Preference shares. Subject to the provisions of the Companies Act 2006, the company may at the time redeem the whole or any part of the preference shares. The company shall not be entitled to redeem any preference share unless it is fully paid. The redeemable preference shares are currently considered to be core funding and there are no plans to redeem the shares within one year of the statement of financial position date. Consequently, they are shown as a long term financial liability.

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 272,573 297,531

The bank loan is secured by a fixed charge over the property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided the company with an interest free loan totalling £17,292 (2023 £23,614).