Registration number: 07612512

Dunston Road Holiday Park Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Dunston Road Holiday Park Limited

Company Information

Directors

M Barney J van Leeuwen

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Dunston Road Holiday Park Limited

Statement of Financial Position as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	5,012,148	8,565,185
Current assets
Stocks	5	56,789	111,568
Debtors	6	2,390,116	2,017,949
Cash at bank and in hand		2,237	28,732
		2,449,142	2,158,249
Creditors: Amounts falling due within one year	7	(1,626,097)	(1,443,357)
Net current assets		823,045	714,892
Total assets less current liabilities		5,835,193	9,280,077
Provisions for liabilities		(1,152,648)	(2,055,449)
Net assets		4,682,545	7,224,628
Capital and reserves
Called up share capital		2	2
Revaluation reserve		3,491,889	6,189,471
Retained earnings		1,190,654	1,035,155
Shareholders' funds		4,682,545	7,224,628

For the financial year ending 30 September 2024 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.

Dunston Road Holiday Park Limited

Statement of Financial Position as at 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Dunston Road Holiday Park Limited have elected not to include a copy of the income statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

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

.........................................

M Barney

Director

Company registration number: 07612512

Dunston Road Holiday Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of the registered office is:
130 Shaftesbury Avenue
London
W1D 5EU

The principal activity of the company is that of the operation of a holiday home park.

2	Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a profit for the year ended 30 September 2024 and had net assets at that date of £4,682,545.

The directors are optimistic about future trading and expect to continue trading profitability in the forthcoming year. Forecasts prepared by the directors show that the company will continue to have sufficient working capital for a period of at least 12 months from the date of approval of the financial statements.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

Rental income is recognised evenly over the period to which it relates.

Income in respect of the sale of lodges is recognised when the risks and rewards of ownership are transferred to the customer, usually once an unconditional sales contract has been entered into.

Dunston Road Holiday Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position 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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.

Depreciation is provided on the following basis:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Revaluation of tangible fixed assets

Freehold properties are revalued to market value less any subsequent depreciation and accumulated impairment losses.

Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value.

Market values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dunston Road Holiday Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

Dunston Road Holiday Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Freehold property £	Plant and machinery £	Total £
Cost or valuation
At 1 October 2023	8,550,000	18,200	8,568,200
Additions	46,776	-	46,776
Revaluation deficit	(3,596,776)	-	(3,596,776)
At 30 September 2024	5,000,000	18,200	5,018,200
Depreciation
At 1 October 2023	-	3,015	3,015
Charge for the year	-	3,037	3,037
At 30 September 2024	-	6,052	6,052
Carrying amount
At 30 September 2024	5,000,000	12,148	5,012,148
At 30 September 2023	8,550,000	15,185	8,565,185

The company's freehold property is included at market value at 30 September 2024 as estimated by the directors at an amount of £5,000,000 based upon a professional valuation carried out by an RICS qualified valuer.
 

5

Stocks

	2024 £	2023 £
Lodges for resale	56,789	111,568

6

Debtors

	2024 £	2023 £
Trade debtors	26,735	-
Amounts owed by group undertakings	1,591,385	1,228,314
Other debtors	771,996	789,635
	2,390,116	2,017,949

Dunston Road Holiday Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	8	-	99,759
Trade creditors		18,470	26,826
Amounts owed to group undertakings		902,081	819,992
Taxation and social security		263,845	276,831
Accruals and deferred income		144,616	120,100
Other creditors		297,085	99,849
		1,626,097	1,443,357