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REGISTERED NUMBER: 07457537 (England and Wales)









TREVORNICK HOLIDAY PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREVORNICK HOLIDAY PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: R P M Hartley
R D T Hartley





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 07457537 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,430,241 7,394,617
Investments 6 2,632,180 1,652,917
10,062,421 9,047,534

CURRENT ASSETS
Stocks and work in progress 852,417 853,543
Debtors 7 1,167,169 161,925
Cash at bank and in hand 600,541 936,689
2,620,127 1,952,157
CREDITORS
Amounts falling due within one year 8 3,303,199 2,541,038
NET CURRENT LIABILITIES (683,072 ) (588,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,379,349 8,458,653

CREDITORS
Amounts falling due after more than one year 9 (626,413 ) (655,197 )

PROVISIONS FOR LIABILITIES (433,000 ) (396,000 )
NET ASSETS 8,319,936 7,407,456

CAPITAL AND RESERVES
Called up share capital 640 640
Capital redemption reserve 250,000 250,000
Retained earnings 8,069,296 7,156,816
SHAREHOLDERS' FUNDS 8,319,936 7,407,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





R P M Hartley - Director


TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Trevornick 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, which are mainly derived from the rental of holiday tents and camping & touring pitches for short term holiday lettings and associated ancillary services.

Revenue from the let of holiday tents and pitches is recognised on the first day of the holiday letting period. All ancillary services are recognised on the date that they occur. All deposits for holidays that are subsequently cancelled are recognised on the cancellation date.

Revenue from lodge sales are recognised when the full balance has been paid and ownership transferred. Until this point, deposits received are held in deferred income on the balance sheet.

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 4% - 20% on cost
Fixtures and fittings - 5% - 20% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

In accordance with the FRS 102 no depreciation is charged on the land owned by the company. This land is included within Freehold Property and is valued at £4,478,459 (2024: £4,478,459).

The remainder of Freehold Property relates to buildings on the premises which is depreciated at 2% on a straight line basis.

Investments
Investments represent monies invested into corporate investment portfolios. Investments are initially recognised at cost, with fair value adjustments made annually thereafter. Investment returns are recorded as interest or dividend income as appropriate in the financial statements.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

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.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Included within stock are the eurotents, which have a useful economic life of 4 years.

Also included in stocks are the value of lodges held for sale and costs incurred on the development of the associated plots.


TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Finance leases
Leases of assets that transfer substantially all the risks and rewards of ownership to the Company are classified as finance leases.

Assets held under finance leases are recognized initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under finance leases are included in tangible fixed assets and depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

Operating leases
Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Provision for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. ACCOUNTING POLICIES - continued

Grant income
Income received in relation to grants are classified either as relating to revenue or to assets.

Grants relating to revenue are recognised in other income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Where a timing difference arises, the income is held on the balance sheet. When received in arrears the income is recognises as a debtor providing the relevant conditions have been satisfied. When received in advance of the associated costs being incurred, the income is recorded as deferred income and systematically released to the profit and loss in the period that the associated cost is incurred.

Grants relating to assets are recognised initially as deferred income and released to other income on a systematic basis over the expected useful economic life of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 35 ) .

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2024 5,505,564 679,506 875,983
Additions - 22,405 234,144
Disposals - - (66,083 )
At 28 February 2025 5,505,564 701,911 1,044,044
DEPRECIATION
At 1 March 2024 214,933 149,541 609,701
Charge for year 20,542 24,848 65,471
Eliminated on disposal - - (60,750 )
At 28 February 2025 235,475 174,389 614,422
NET BOOK VALUE
At 28 February 2025 5,270,089 527,522 429,622
At 29 February 2024 5,290,631 529,965 266,282

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 1,811,636 106,537 3,368 8,982,594
Additions - 37,390 590 294,529
Disposals - - - (66,083 )
At 28 February 2025 1,811,636 143,927 3,958 9,211,040
DEPRECIATION
At 1 March 2024 542,188 70,717 897 1,587,977
Charge for year 125,136 16,783 792 253,572
Eliminated on disposal - - - (60,750 )
At 28 February 2025 667,324 87,500 1,689 1,780,799
NET BOOK VALUE
At 28 February 2025 1,144,312 56,427 2,269 7,430,241
At 29 February 2024 1,269,448 35,820 2,471 7,394,617

During the year, just prior to the year-end, there was a natural disaster that damaged fixed assets throughout the holiday park. These assets did not have significant net book values and there was no interruption to business. All destroyed items were covered by insurance and replaced in the following year for no additional cost.

Freehold property is recorded at historical cost.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2024 36,532
Additions 37,390
At 28 February 2025 73,922
DEPRECIATION
At 1 March 2024 7,306
Charge for year 14,785
At 28 February 2025 22,091
NET BOOK VALUE
At 28 February 2025 51,831
At 29 February 2024 29,226

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2024 1,652,917
Additions 1,486,991
Disposals (550,807 )
Revaluations 43,079
At 28 February 2025 2,632,180
NET BOOK VALUE
At 28 February 2025 2,632,180
At 29 February 2024 1,652,917

Cost or valuation at 28 February 2025 is represented by:

Other
investments
£   
Valuation in 2024 39,453
Valuation in 2025 43,079
Cost 2,549,648
2,632,180

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 28,673 33,877
Amounts owed by group undertakings 901,558 -
Other debtors 236,938 128,048
1,167,169 161,925

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 11,790 10,123
Trade creditors 78,813 50,039
Taxation and social security 289,620 219,807
Other creditors 2,922,976 2,261,069
3,303,199 2,541,038

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 26,413 20,037
Other creditors 600,000 635,160
626,413 655,197

TREVORNICK HOLIDAY PARK LIMITED (REGISTERED NUMBER: 07457537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 38,203 30,160

The liability is secured against the assets to which the finance was used to purchase. The net book value of these assets are disclosed in Note 5.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
R P M Hartley
Balance outstanding at start of year 44,298 189,158
Amounts advanced - 150,993
Amounts repaid (44,298 ) (295,853 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 44,298

The amount due to the company was repayable on demand.

Beneficial loan interest has been charged by the company on the loan at the prevailing beneficial loan rate set by HMRC.

The loan was repaid to the company within 9 months of the previous year end.