Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30true31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseSale and letting of holiday accomodation33truefalse 09326123 2023-12-01 2024-11-30 09326123 2022-12-01 2023-11-30 09326123 2024-11-30 09326123 2023-11-30 09326123 2022-12-01 09326123 c:Director1 2023-12-01 2024-11-30 09326123 d:PlantMachinery 2023-12-01 2024-11-30 09326123 d:PlantMachinery 2024-11-30 09326123 d:PlantMachinery 2023-11-30 09326123 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09326123 d:MotorVehicles 2023-12-01 2024-11-30 09326123 d:MotorVehicles 2024-11-30 09326123 d:MotorVehicles 2023-11-30 09326123 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09326123 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09326123 d:CurrentFinancialInstruments 2024-11-30 09326123 d:CurrentFinancialInstruments 2023-11-30 09326123 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 09326123 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09326123 d:ShareCapital 2024-11-30 09326123 d:ShareCapital 2023-11-30 09326123 d:RetainedEarningsAccumulatedLosses 2024-11-30 09326123 d:RetainedEarningsAccumulatedLosses 2023-11-30 09326123 c:FRS102 2023-12-01 2024-11-30 09326123 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09326123 c:FullAccounts 2023-12-01 2024-11-30 09326123 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09326123 2 2023-12-01 2024-11-30 09326123 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 09326123 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 09326123 d:TaxLossesCarry-forwardsDeferredTax 2024-11-30 09326123 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 09326123 d:RetirementBenefitObligationsDeferredTax 2024-11-30 09326123 d:RetirementBenefitObligationsDeferredTax 2023-11-30 09326123 d:OtherDeferredTax 2024-11-30 09326123 d:OtherDeferredTax 2023-11-30 09326123 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 09326123










MUNDESLEY HOLIDAY VILLAGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
REGISTERED NUMBER: 09326123

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,967
55,084

  
51,967
55,084

Current assets
  

Stocks
  
1,536,471
1,846,400

Debtors: amounts falling due within one year
 5 
1,115,759
1,105,055

Cash at bank and in hand
  
636
358

  
2,652,866
2,951,813

Creditors: amounts falling due within one year
 6 
(2,840,855)
(2,962,553)

Net current liabilities
  
 
 
(187,989)
 
 
(10,740)

Total assets less current liabilities
  
(136,022)
44,344

  

Net (liabilities)/assets
  
(136,022)
44,344


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(136,122)
44,244

  
(136,022)
44,344


Page 1

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
REGISTERED NUMBER: 09326123
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T L Hay
Director

Date: 19 August 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Mundesley Holiday Village Limited is a private company limited by shares and incorporated in England and Wales, registration number 09326123. The registered office is C/O Larking Gowen, 1st Floor, Prospect House, Rouen Road, Norwich, NR1 1RE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Director has considered the Company’s position at the time of signing the financial
statements, and in particular the effects on the Company of the wider economy. As part of his assessment, he has taken into consideration a number of possible trading performance,
profitability and cash flow scenarios.
Based on this and the on-going support of the Director, the Director has concluded that he has a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and he therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

Page 3

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
10% straight line
Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 5

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.12

Borrowing costs

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

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 31).

Page 7

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 December 2023
93,426
6,070
99,496


Additions
3,994
6,000
9,994


Disposals
-
(5,120)
(5,120)



At 30 November 2024

97,420
6,950
104,370



Depreciation


At 1 December 2023
41,439
2,973
44,412


Charge for the year on owned assets
9,639
1,019
10,658


Disposals
-
(2,667)
(2,667)



At 30 November 2024

51,078
1,325
52,403



Net book value



At 30 November 2024
46,342
5,625
51,967



At 30 November 2023
51,987
3,097
55,084


5.


Debtors

2024
2023
£
£


Trade debtors
10,525
15,183

Amounts owed by group undertakings
950,539
1,004,375

Other debtors
528
972

Prepayments and accrued income
20,170
12,602

Deferred taxation
133,997
71,923

1,115,759
1,105,055


Page 8

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
670,943
496,336

Trade creditors
98,982
259,227

Other taxation and social security
49,014
34,472

Other creditors
1,936,364
2,104,971

Accruals and deferred income
85,552
67,547

2,840,855
2,962,553


Bank loans and overdrafts are secured via a fixed charge over all assets of the company.


7.


Deferred taxation




2024
2023


£

£






At beginning of year
71,923
(13,218)


Charged to profit or loss
62,074
85,141



At end of year
133,997
71,923

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,992)
(13,771)

Tax losses carried forward
130,080
73,019

Pension surplus
176
153

Other timing differences
16,733
12,522

133,997
71,923

Page 9

 
MUNDESLEY HOLIDAY VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. 
The pension cost charge represents contributions payable by the company to the fund and amounted to £7,841 (2023: £6,811). Contributions totalling £705 (2023: £611) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

Mundesley Holiday Village Limited is a wholly owned subsidiary of TLH Enterprises Limited.
No transactions have been disclosed in relation to TLH Enterprises Limited, in line with the exemption contained within the Financial Reporting Standard 8.
At the balance sheet date, included within other creditors is a loan of £811,052 (2023: £839,683) owed to the director which is interest free.
At the balance sheet date, included within other creditors are loans of £382,000 (2023: £450,000) owed to companies under the control of the director which are interest free.
The company has traded under normal market conditions with other companies controlled by the director and at the year end, the net amount owing to the company was £3,455 (2023: £5,026).

 
Page 10