Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mr B J Trenchard 05/09/2019 Mr L Trenchard 31/05/1991 Mr P V Trenchard 31/05/1991 Mr S Trenchard 05/09/2019 21 August 2025 The principal activity of the Company during the financial year was the running of Beachside Holiday Park in Hayle. 00625998 2024-11-30 00625998 bus:Director1 2024-11-30 00625998 bus:Director2 2024-11-30 00625998 bus:Director3 2024-11-30 00625998 bus:Director4 2024-11-30 00625998 2023-11-30 00625998 core:CurrentFinancialInstruments 2024-11-30 00625998 core:CurrentFinancialInstruments 2023-11-30 00625998 core:Non-currentFinancialInstruments 2024-11-30 00625998 core:Non-currentFinancialInstruments 2023-11-30 00625998 core:ShareCapital 2024-11-30 00625998 core:ShareCapital 2023-11-30 00625998 core:RetainedEarningsAccumulatedLosses 2024-11-30 00625998 core:RetainedEarningsAccumulatedLosses 2023-11-30 00625998 core:OtherResidualIntangibleAssets 2023-11-30 00625998 core:OtherResidualIntangibleAssets 2024-11-30 00625998 core:LandBuildings 2023-11-30 00625998 core:PlantMachinery 2023-11-30 00625998 core:Vehicles 2023-11-30 00625998 core:FurnitureFittings 2023-11-30 00625998 core:OfficeEquipment 2023-11-30 00625998 core:LandBuildings 2024-11-30 00625998 core:PlantMachinery 2024-11-30 00625998 core:Vehicles 2024-11-30 00625998 core:FurnitureFittings 2024-11-30 00625998 core:OfficeEquipment 2024-11-30 00625998 2023-12-01 2024-11-30 00625998 bus:FilletedAccounts 2023-12-01 2024-11-30 00625998 bus:SmallEntities 2023-12-01 2024-11-30 00625998 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 00625998 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 00625998 bus:Director1 2023-12-01 2024-11-30 00625998 bus:Director2 2023-12-01 2024-11-30 00625998 bus:Director3 2023-12-01 2024-11-30 00625998 bus:Director4 2023-12-01 2024-11-30 00625998 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-12-01 2024-11-30 00625998 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-01 2024-11-30 00625998 core:LandBuildings core:TopRangeValue 2023-12-01 2024-11-30 00625998 core:PlantMachinery core:TopRangeValue 2023-12-01 2024-11-30 00625998 core:Vehicles core:TopRangeValue 2023-12-01 2024-11-30 00625998 core:FurnitureFittings core:TopRangeValue 2023-12-01 2024-11-30 00625998 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 00625998 2022-12-01 2023-11-30 00625998 core:LandBuildings 2023-12-01 2024-11-30 00625998 core:PlantMachinery 2023-12-01 2024-11-30 00625998 core:Vehicles 2023-12-01 2024-11-30 00625998 core:FurnitureFittings 2023-12-01 2024-11-30 00625998 core:OfficeEquipment 2023-12-01 2024-11-30 00625998 core:Non-currentFinancialInstruments 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 00625998 (England and Wales)

BEACHSIDE LEISURE HOLIDAYS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

BEACHSIDE LEISURE HOLIDAYS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

BEACHSIDE LEISURE HOLIDAYS LTD

BALANCE SHEET

As at 30 November 2024
BEACHSIDE LEISURE HOLIDAYS LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,951,301 2,749,940
2,951,301 2,749,940
Current assets
Stocks 5 5,261 5,010
Debtors 6 19,995 23,623
Cash at bank and in hand 216,911 605,352
242,167 633,985
Creditors: amounts falling due within one year 7 ( 413,311) ( 486,011)
Net current (liabilities)/assets (171,144) 147,974
Total assets less current liabilities 2,780,157 2,897,914
Creditors: amounts falling due after more than one year 8 ( 1,571,812) ( 1,650,195)
Provision for liabilities 9 ( 161,190) ( 141,780)
Net assets 1,047,155 1,105,939
Capital and reserves
Called-up share capital 5,000 5,000
Profit and loss account 1,042,155 1,100,939
Total shareholders' funds 1,047,155 1,105,939

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

Directors' responsibilities:

The financial statements of Beachside Leisure Holidays Ltd (registered number: 00625998) were approved and authorised for issue by the Board of Directors on 21 August 2025. They were signed on its behalf by:

Mr L Trenchard
Director
BEACHSIDE LEISURE HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
BEACHSIDE LEISURE HOLIDAYS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Beachside Leisure Holidays Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Beachside Leisure Holidays Ltd, Beachside Holiday Park, Hayle, TR27 5AW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 3 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 5 years straight line
Vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 51 44

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 December 2023 4,183 4,183
At 30 November 2024 4,183 4,183
Accumulated amortisation
At 01 December 2023 4,183 4,183
At 30 November 2024 4,183 4,183
Net book value
At 30 November 2024 0 0
At 30 November 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 December 2023 3,186,266 386,950 33,194 659,101 63,088 4,328,599
Additions 111,686 19,093 5,000 159,615 0 295,394
At 30 November 2024 3,297,952 406,043 38,194 818,716 63,088 4,623,993
Accumulated depreciation
At 01 December 2023 520,003 361,678 18,987 637,223 40,768 1,578,659
Charge for the financial year 52,046 16,519 5,140 10,915 9,413 94,033
At 30 November 2024 572,049 378,197 24,127 648,138 50,181 1,672,692
Net book value
At 30 November 2024 2,725,903 27,846 14,067 170,578 12,907 2,951,301
At 30 November 2023 2,666,263 25,272 14,207 21,878 22,320 2,749,940

5. Stocks

2024 2023
£ £
Stocks 5,261 5,010

6. Debtors

2024 2023
£ £
Trade debtors 45 4,110
Other debtors 19,950 19,513
19,995 23,623

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 91,346 91,647
Trade creditors 29,525 122,701
Taxation and social security 9,811 36,854
Other creditors 282,629 234,809
413,311 486,011

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,041,811 1,120,197
Other creditors 530,001 529,998
1,571,812 1,650,195

There are no amounts included above in respect of which any security has been given by the small entity.

9. Provision for liabilities

2024 2023
£ £
Deferred tax 161,190 141,780