Happy Valley (Porthcawl) Holiday Camp Lt - Accounts to registrar (filleted)

REGISTERED NUMBER: 00621204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

HAPPY VALLEY (PORTHCAWL) HOLIDAY CAMP

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Pounder

K D Jones

SECRETARY:

N Pounder

REGISTERED OFFICE:

Court House

Court Road

Bridgend

CF31 1BE

REGISTERED NUMBER:

00621204 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Tangible assets

4

6,562

8,256

Investments

5

5,250

11,812

13,506

CURRENT ASSETS

Stocks

116,679

Debtors

6

567,401

7,542

Cash at bank and in hand

60,155

229,415

744,235

353,636

CREDITORS

Amounts falling due within one year

7

567,992

144,209

NET CURRENT ASSETS

176,243

209,427

TOTAL ASSETS LESS CURRENT
LIABILITIES

188,055

222,933

PROVISIONS FOR LIABILITIES

1,640

2,064

NET ASSETS

186,415

220,869

CAPITAL AND RESERVES

Called up share capital

1,878

Capital redemption reserve

13,122

Retained earnings

171,415

205,869

SHAREHOLDERS' FUNDS

186,415

220,869

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.

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 30 July 2025 and were signed on its behalf by:

N Pounder - Director

1.	STATUTORY INFORMATION

Happy Valley (Porthcawl) Holiday Camp 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.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Happy Valley (Porthcawl) Holiday Camp Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rents receivable and sales of goods and services made and provided in the year, excluding value added tax. Income is recognised as the right to consideration is earned and is accounted for in the year to which the income relates.

Tangible fixed assets

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

Land and buildings

-

10% on cost and 4% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Fixed asset investments are stated at cost less provision for diminution in value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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 significant and material 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 they are material an it it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 29 February 2024

and 28 February 2025

92,458

77,755

170,213

DEPRECIATION

At 29 February 2024

92,458

69,499

161,957

Charge for year

-

1,694

At 28 February 2025

92,458

71,193

163,651

NET BOOK VALUE

At 28 February 2025

-

6,562

At 28 February 2024

-

8,256

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 29 February 2024

and 28 February 2025

1,000

4,250

5,250

NET BOOK VALUE

At 28 February 2025

1,000

4,250

5,250

At 28 February 2024

1,000

4,250

5,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

566,168

4,432

Other debtors

1,233

3,110

567,401

7,542

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

495

634

Amounts owed to group undertakings

560,411

47,246

Taxation and social security

770

23,462

Other creditors

6,316

72,867

567,992

144,209

8.	RELATED PARTY DISCLOSURES

Amounts owed by and to group undertakings are on an interest free basis.

During the year, management fees totalling £85,000 were charged to connected and fellow group companies.

During the year, consultancy fees totalling £nil (2024 - £12,500) were paid to a company connected to the individual owners and beneficiaries of the ultimate controlling party.

During the year, management fees totalling £15,911 (2024 - £45,888) were paid to a company owned and controlled by one of the directors.

9.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is P & A Holdings Limited, a company registered in the Channel Islands.