Lauderdale Holidays Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 9

Lauderdale Holidays Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,545,655	1,600,294
Investment property	6	300,000	300,000
Other financial assets	7	454,262	902,898
		2,299,917	2,803,192
Current assets
Stocks		19,270	17,118
Debtors	8	9,553	8,215
Cash at bank and in hand		167,354	136,382
		196,177	161,715
Creditors: Amounts falling due within one year	9	(254,512)	(219,953)
Net current liabilities		(58,335)	(58,238)
Total assets less current liabilities		2,241,582	2,744,954
Creditors: Amounts falling due after more than one year	9	(970,000)	(970,000)
Net assets		1,271,582	1,774,954
Capital and reserves
Called up share capital	10	6,600	6,600
Profit and loss account		1,264,982	1,768,354
Shareholders' funds		1,271,582	1,774,954

Lauderdale Holidays Limited

Balance Sheet

31 March 2025

For the financial year ending 31 March 2025 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

......................................... Mr R D Hassell Director

Company Registration Number: 00645739

Lauderdale Holidays Limited

Notes to the Financial Statements

Year Ended 31 March 2025

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:
Old School House
Lower Dunstone
Widecombe in the Moor
Devon
TQ13 7TH

The principal place of business is:
Ilsington Country House
Ilsington Village
Newton Abbot
Devon
TQ13 9RR

These financial statements were authorised for issue by the Board on 24 September 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.

There are no material departures from FRS 102.

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.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover represents the net amount receivable from accommodation, bar, catering and other facilities excluding value added tax. Revenue is recognised when the good or services are provided.

Lauderdale Holidays Limited

Notes to the Financial Statements

Year Ended 31 March 2025

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual vale, over the useful economic life of that asset.

Asset class	Amortisation method and rate
Goodwill	Over 15 years

Tangible assets

Tangible assets are stated in the balance sheet 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.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Property	2% straight line
Computer equipment	25% straight line
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance

Investment property

Investment properties are included at the directors' estimation of their open market value at each balance sheet date. Valuations are determined by a combination of techniques including reference to recent sales of similar properties, and know yields for similar properties within the same location.

Fair value movements on investment properties are recognised in the profit and loss account under the heading Other operating income.

Investments

Investments are included in the balance sheet at fair value.
Dividends are accounted for on the basis of cash received.

Foreign currency transactions and balances

Assets and liabilities, other than fixed assets, expressed in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions, other than purchases or sales of properties, in foreign currencies are translated at the average rate for the year. Property transactions in foreign currencies are translated at the rate of exchange at the date of the transaction. Exchange differences are taken into account at arriving at the operating profit.

Lauderdale Holidays Limited

Notes to the Financial Statements

Year Ended 31 March 2025

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.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Tax

Deferred tax is recognised on all timing differences at the balance sheet date between the treatments of transactions or events for taxation and accounting purposes which have occurred but not yet reversed by the balance sheet date.

Movements in deferred tax relating to revalued assets are included in the revaluation reserve.

Deferred tax is determined using tax rates and laws (including indexation relief) that have been enacted or substantively enacted by the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 33).

Lauderdale Holidays Limited

Notes to the Financial Statements

Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	15,000	15,000
At 31 March 2025	15,000	15,000
Amortisation
At 1 April 2024	15,000	15,000
At 31 March 2025	15,000	15,000
Carrying amount
At 31 March 2025	-	-