REGISTERED NUMBER: 04467008 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

Sun Valley Caravan Park Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

20

DIRECTORS:

Mr G A Townsend

Mr DL Battersby

REGISTERED OFFICE:

Lloyds Caravan and Lodge Sales

Towyn Road

Towyn

Abergele

Conwy

LL22 9NW

REGISTERED NUMBER:

04467008 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Morris

AUDITORS:

Pritchett & Co Business Advisers Limited

Chartered Accountants and Statutory Auditors

16 Wynnstay Road

Colwyn Bay

Conwy

LL29 8NB

The company has seen an overall decrease in turnover over the previous year as a result in the general slowdown in the marketplace.

The financial health of the company and group remains good and management predicts increasing cashflows in the future.

The management continue to monitor and control overhead costs of the company and group in order to maximise profits.

The group and company has historically seen the demand for caravans increasing following the pandemic which has resulted in the increased trading performance and ultimately the increased profits obtained in prior years. During the year, the trading activity has declined, however, the directors feel that group and company are in a good position to achieve improved the net trading performance.

ON BEHALF OF THE BOARD:

Mr G A Townsend - Director

29 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2024 was £100,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr G A Townsend

Mr DL Battersby

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Pritchett & Co Business Advisers Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr G A Townsend - Director

29 September 2025

Opinion

We have audited the financial statements of Sun Valley Caravan Park Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Enquiries of management and those charged with governance were held in order to identify any laws and regulations that could be expected to have a material impact on the financial statements. Throughout the audit, the team were updated with the outcome of these enquiries including consideration as to where and how fraud may occur in the company.

The audit procedures undertaken to address any potential risk in relation to irregularities (which include fraud and non-compliance with laws and regulations) included; enquiries of management and those charged with governance on how the company comply with relevant laws, regulations and cases actual or potential litigation or claims; examination of appropriate legal correspondence, review of the board minutes, testing of journal entries for appropriateness; and analytical procedures on account balances to identify variances against expectation which may show indications of fraud.

No instances of material non-compliance were identified, although the prospect of detecting irregularities, including fraud, is inherently difficult. This is due to; difficulty in detecting irregularities; limits imposed by the effectiveness of the entity's controls; and the nature, timing and extent of the audit procedures performed. Irregularities as a result of fraud are inherently more difficult to detect than those resulting from error. Despite the audit being planned and performed in accordance with ISAs (UK), there is an unavoidable risk that material misstatements may not be detected.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Morris (Senior Statutory Auditor)

for and on behalf of Pritchett & Co Business Advisers Limited

Chartered Accountants and Statutory Auditors

16 Wynnstay Road

Colwyn Bay

Conwy

LL29 8NB

29 September 2025

TURNOVER

7,952,401

12,859,417

Cost of sales

5,386,000

9,971,686

GROSS PROFIT

2,566,401

2,887,731

Distribution costs

54,143

57,532

Administrative expenses

1,492,732

1,977,546

1,546,875

2,035,078

1,019,526

852,653

Other operating income

34,252

64,999

OPERATING PROFIT

4

1,053,778

917,652

Interest receivable and similar income

72,109

178,268

1,125,887

1,095,920

Interest payable and similar expenses

5

122,433

145,112

PROFIT BEFORE TAXATION

1,003,454

950,808

Tax on profit

6

185,444

230,400

PROFIT FOR THE FINANCIAL YEAR

818,010

720,408

Profit attributable to:

Owners of the parent

818,010

720,408

PROFIT FOR THE YEAR

818,010

720,408

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

818,010

720,408

Total comprehensive income attributable to:

Owners of the parent

818,010

720,408

FIXED ASSETS

Intangible assets

9

163,739

218,493

Tangible assets

10

11,677,373

11,373,503

Investments

11

193,000

193,000

12,034,112

11,784,996

CURRENT ASSETS

Stocks

12

5,600,989

7,592,684

Debtors

13

2,617,023

3,792,193

Cash at bank and in hand

3,399,480

6,668,930

11,617,492

18,053,807

CREDITORS

Amounts falling due within one year

14

2,782,530

9,188,125

NET CURRENT ASSETS

8,834,962

8,865,682

TOTAL ASSETS LESS CURRENT LIABILITIES

20,869,074

20,650,678

CREDITORS

Amounts falling due after more than one year

15

(948,111

)

(1,469,386

)

PROVISIONS FOR LIABILITIES

18

(184,917

)

(163,256

)

NET ASSETS

19,736,046

19,018,036

CAPITAL AND RESERVES

Called up share capital

19

930

930

Revaluation reserve

20

989,403

989,403

Retained earnings

20

18,745,713

18,027,703

SHAREHOLDERS' FUNDS

19,736,046

19,018,036

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr G A Townsend - Director

FIXED ASSETS

Intangible assets

9

106,850

124,350

Tangible assets

10

9,981,069

9,351,257

Investments

11

4,700,540

4,700,540

14,788,459

14,176,147

CURRENT ASSETS

Stocks

12

609,618

329,908

Debtors

13

324,355

741,211

Cash at bank and in hand

2,679,544

4,460,909

3,613,517

5,532,028

CREDITORS

Amounts falling due within one year

14

1,523,257

2,619,490

NET CURRENT ASSETS

2,090,260

2,912,538

TOTAL ASSETS LESS CURRENT LIABILITIES

16,878,719

17,088,685

CREDITORS

Amounts falling due after more than one year

15

(948,111

)

(1,469,386

)

PROVISIONS FOR LIABILITIES

18

(86,806

)

(73,347

)

NET ASSETS

15,843,802

15,545,952

CAPITAL AND RESERVES

Called up share capital

19

930

930

Retained earnings

20

15,842,872

15,545,022

SHAREHOLDERS' FUNDS

15,843,802

15,545,952

Company's profit for the financial year

397,850

369,291

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr G A Townsend - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

930

17,307,295

989,403

18,297,628

Changes in equity

Total comprehensive income

-

720,408

-

720,408

Balance at 31 December 2023

930

18,027,703

989,403

19,018,036

Changes in equity

Dividends

-

(100,000

)

-

(100,000

)

Total comprehensive income

-

818,010

-

818,010

Balance at 31 December 2024

930

18,745,713

989,403

19,736,046

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

930

15,175,731

15,176,661

Changes in equity

Total comprehensive income

-

369,291

369,291

Balance at 31 December 2023

930

15,545,022

15,545,952

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

397,850

397,850

Balance at 31 December 2024

930

15,842,872

15,843,802

Cash flows from operating activities

Cash generated from operations

1

(2,790,427

)

441,530

Interest paid

(122,433

)

(145,112

)

Tax paid

(191,963

)

(430,100

)

Net cash from operating activities

(3,104,823

)

(133,682

)

Cash flows from investing activities

Purchase of tangible fixed assets

(730,784

)

(460,734

)

Purchase of fixed asset investments

-

(83,000

)

Sale of intangible fixed assets

303,921

-

Sale of tangible fixed assets

295,643

271,909

Interest received

72,109

178,268

Net cash from investing activities

(59,111

)

(93,557

)

Cash flows from financing activities

Loan repayments in year

(521,275

)

(445,982

)

Net transactions with Associates

(390

)

-

Net transaction with Directors

491,714

(643,566

)

Amount withdrawn by directors

24,435

-

Equity dividends paid

(100,000

)

-

Net cash from financing activities

(105,516

)

(1,089,548

)

Decrease in cash and cash equivalents

(3,269,450

)

(1,316,787

)

Cash and cash equivalents at beginning of year

2

6,668,930

7,985,717

Cash and cash equivalents at end of year

2

3,399,480

6,668,930

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/12/24

31/12/23

£

£

Profit before taxation

1,003,454

950,808

Depreciation charges

184,454

291,451

Profit on disposal of fixed assets

(302,350

)

(150,601

)

Finance costs

122,433

145,112

Finance income

(72,109

)

(178,268

)

935,882

1,058,502

Decrease/(increase) in stocks

1,991,695

(4,125,166

)

Decrease in trade and other debtors

595,974

1,547,069

(Decrease)/increase in trade and other creditors

(6,313,978

)

1,961,125

Cash generated from operations

(2,790,427

)

441,530

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

3,399,480

6,668,930

Year ended 31 December 2023

31/12/23

1/1/23

£

£

Cash and cash equivalents

6,668,930

7,985,717

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank and in hand

6,668,930

(3,269,450

)

3,399,480

6,668,930

(3,269,450

)

3,399,480

Debt

Debts falling due within 1 year

(441,396

)

-

(441,396

)

Debts falling due after 1 year

(1,469,386

)

521,275

(948,111

)

(1,910,782

)

521,275

(1,389,507

)

Total

4,758,148

(2,748,175

)

2,009,973

1.	STATUTORY INFORMATION

Sun Valley Caravan 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102;

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Basis of consolidation

The financial statements consolidate the financial statements of Sun Valley Caravan Park Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance and 20% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31/12/24

31/12/23

£

£

Wages and salaries

877,324

1,011,838

Other pension costs

3,735

3,177

881,059

1,015,015

The average number of employees during the year was as follows:

31/12/24

31/12/23

Administration and sales

28

27

31/12/24

31/12/23

£

£

Directors' remuneration

127,642

196,284

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31/12/24

31/12/23

£

£

Hire of plant and machinery

15,166

3,829

Depreciation - owned assets

129,700

236,697

Profit on disposal of fixed assets

(302,350

)

(150,601

)

Goodwill amortisation

54,754

54,754

Auditors' remuneration

11,750

14,350

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/12/24

31/12/23

£

£

Bank interest

122,433

145,112