REGISTERED NUMBER: 04692554 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROJEN HOLIDAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G M Jennings

G P Jennings

Mrs S Jennings

SECRETARY:

Mrs G M Jennings

REGISTERED OFFICE:

Watergate Bay Holiday Park

Tregurrian

Watergate Bay

Newquay

Cornwall

TR8 4AD

REGISTERED NUMBER:

04692554 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

674,384

599,743

CURRENT ASSETS

Stocks

800

800

Debtors

5

9,296

7,994

Investments

6

501,575

488,538

Cash at bank and in hand

580,862

555,026

1,092,533

1,052,358

CREDITORS

Amounts falling due within one year

7

225,383

251,883

NET CURRENT ASSETS

867,150

800,475

TOTAL ASSETS LESS CURRENT LIABILITIES

1,541,534

1,400,218

PROVISIONS FOR LIABILITIES

105,560

87,281

NET ASSETS

1,435,974

1,312,937

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,435,970

1,312,933

SHAREHOLDERS' FUNDS

1,435,974

1,312,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 November 2025 and were signed on its behalf by:

Mrs G M Jennings - Director

1.	STATUTORY INFORMATION

Projen Holidays 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.

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.

Turnover

Turnover represents holiday park receipts for accommodation, together with other site takings and net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Caravans, fittings & equipment

-

15% on reducing balance

Tractors

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 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.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Caravans,

to

fittings

property

& equipment

Tractors

£

£

£

COST

At 1 April 2024

366,687

653,543

60,957

Additions

-

137,861

-

Disposals

-

(40,187

)

-

At 31 March 2025

366,687

751,217

60,957

DEPRECIATION

At 1 April 2024

-

449,497

57,016

Charge for year

-

50,290

985

Eliminated on disposal

-

(33,554

)

-

At 31 March 2025

-

466,233

58,001

NET BOOK VALUE

At 31 March 2025

366,687

284,984

2,956

At 31 March 2024

366,687

204,046

3,941

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

37,099

24,140

1,142,426

Additions

-

579

138,440

Disposals

-

-

(40,187

)

At 31 March 2025

37,099

24,719

1,240,679

DEPRECIATION

At 1 April 2024

21,885

14,285

542,683

Charge for year

3,804

2,087

57,166

Eliminated on disposal

-

-

(33,554

)

At 31 March 2025

25,689

16,372

566,295

NET BOOK VALUE

At 31 March 2025

11,410

8,347

674,384

At 31 March 2024

15,214

9,855

599,743

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1,225

-

Prepayments and accrued income

8,071

7,994

9,296

7,994

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Parmenion

501,575

488,538

The market value of the investment held at 31 March 2025 is £526,803.19.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

16,059

9,321

Tax

58,567

67,477

Social security and other taxes

6,029

15,158

Other creditors

16,397

19,234

Directors' current accounts

21,671

21,902

Accrued expense and deferred income

106,660

118,791

225,383

251,883

8.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by its directors, Mrs G M Jennings, G P Jennings and Mrs S Jennings, by virtue of the fact that between them they owned 100% of the company's issued ordinary share capital.