Registration number: 04654531

Tomlinson's Leisure Park Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 11

Tomlinson's Leisure Park Limited

Company Information

Directors

K Roby Mrs H Jude A M Willock C Jude

Company secretary

K Roby

Registered office

Tomlinson's Leisure Park South Road Chapel St Leonards Skegness Lincolnshire PE24 5TL

Tomlinson's Leisure Park Limited

(Registration number: 04654531)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	670,669	622,921
Other financial assets	6	40	-
		670,709	622,921
Current assets
Stocks	7	583,719	589,999
Debtors	8	179,088	213,342
Cash at bank and in hand		40,869	177,193
		803,676	980,534
Creditors: Amounts falling due within one year	9	(988,421)	(950,817)
Net current (liabilities)/assets		(184,745)	29,717
Total assets less current liabilities		485,964	652,638
Creditors: Amounts falling due after more than one year	9	(272,916)	(281,555)
Provisions for liabilities		-	24,393
Net assets		213,048	395,476
Capital and reserves
Called up share capital		100	100
Retained earnings		212,948	395,376
Shareholders' funds		213,048	395,476

For the financial year ending 31 December 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... K Roby Director

......................................... C Jude Director

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04654531.

The address of its registered office is:
Tomlinson's Leisure Park
South Road
Chapel St Leonards
Skegness
Lincolnshire
PE24 5TL

These financial statements cover the individual entity, Tomlinson's Leisure Park Limited

These financial statements were authorised for issue by the Board on 30 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 were prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' subject to the departure detailed below.

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.

The financial statements have been prepared in sterling which is the functional currency of the company and are rounded to the nearest pound.

Departure from requirements of FRS 102

No depreciation has been charged on freehold buildings as they are maintained to such a standard that their residual value is not less than their cost. Management have concluded that this does not affect the financial statements from showing a true and fair view. Apart from this departure the company has complied with the relevant accounting standards and legislation.

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 sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

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

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold property	15% reducing balance - 20% straight line
Plant and machinery	15% - 25% reducing balance
Fixtures and fittings	20% reducing balance
Motor vehicles	20% reducing balance - 20% straight line
Freehold property	No depreciation is charged

Amortisation

Amortisation is provided on intangible assets so as to write off the cost over their useful life as follows:

Asset class	Amortisation method and rate
Website	33% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

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.

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

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 Profit and Loss Account 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

The company makes payments to a director's and employee's personal money purchase pension schemes and a company money purchase scheme. Contributions are recognised in the profit and loss account in the period in which they are paid.

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 15 (2023 - 15).

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Website  £	Total £
Cost or valuation
At 1 January 2024	2,767	2,767
At 31 December 2024	2,767	2,767
Amortisation
At 1 January 2024	2,767	2,767
At 31 December 2024	2,767	2,767
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	714,146	288,062	177,829	1,180,037
Additions	64,655	7,798	137,448	209,901
Disposals	-	-	(101,378)	(101,378)
At 31 December 2024	778,801	295,860	213,899	1,288,560
Depreciation
At 1 January 2024	316,904	179,269	60,943	557,116
Charge for the year	22,790	23,307	50,368	96,465
Eliminated on disposal	-	-	(35,690)	(35,690)
At 31 December 2024	339,694	202,576	75,621	617,891
Carrying amount
At 31 December 2024	439,107	93,284	138,278	670,669
At 31 December 2023	397,242	108,793	116,886	622,921

Included within the net book value of land and buildings above is £294,564 (2023 - £294,564) in respect of freehold land and buildings and £144,543 (2023 - £102,678) in respect of short leasehold land and buildings.
 

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Additions	40	40
At 31 December 2024	40	40
Impairment
Carrying amount
At 31 December 2024	40	40

7

Stocks

	2024 £	2023 £
Other inventories	583,719	589,999

8

Debtors

Current	2024 £	2023 £
Trade debtors	75,160	163,492
Prepayments	22,087	24,514
Other debtors	81,841	25,336
	179,088	213,342

9

Creditors

Tomlinson's Leisure Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	10	82,845	73,292
Trade creditors		24,580	59,651
Taxation and social security		31,185	5,514
Accruals and deferred income		385,941	329,716
Other creditors		463,870	482,644
		988,421	950,817