COMPANY REGISTRATION NUMBER:
13920614
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Lodge Farm Holiday Park Limited |
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Filleted Unaudited Financial Statements |
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Lodge Farm Holiday Park Limited |
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Year ended 31 December 2024
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Officers and professional advisers |
1 |
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Report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
4 |
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Lodge Farm Holiday Park Limited |
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Lodge Farm Holiday Park Limited |
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Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
11 December 2025
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Lodge Farm Holiday Park Limited |
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Statement of Financial Position |
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31 December 2024
Current assets
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Stocks |
49,995 |
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– |
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Debtors |
5 |
116,457 |
|
100 |
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Cash at bank and in hand |
139,690 |
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– |
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--------- |
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---- |
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306,142 |
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100 |
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Creditors: amounts falling due within one year |
6 |
158,611 |
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– |
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--------- |
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---- |
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Net current assets |
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147,531 |
100 |
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--------- |
---- |
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Total assets less current liabilities |
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147,531 |
100 |
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--------- |
---- |
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Net assets |
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147,531 |
100 |
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--------- |
---- |
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Capital and reserves
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Called up share capital |
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100 |
100 |
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Profit and loss account |
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147,431 |
– |
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--------- |
---- |
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Shareholders funds |
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147,531 |
100 |
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--------- |
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 December 2025
, and are signed on behalf of the board by:
Company registration number:
13920614
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Lodge Farm Holiday Park Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crofty Showground, Llanteg, Narberth, Wales.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts for goods supplied and rental received, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Rental income is recognised on a systematic basis over the lease term. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023: Nil).
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
107,313 |
– |
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Other debtors |
9,144 |
100 |
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--------- |
---- |
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116,457 |
100 |
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--------- |
---- |
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6.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
4,402 |
– |
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Social security and other taxes |
82,430 |
– |
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Other creditors |
71,779 |
– |
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--------- |
---- |
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158,611 |
– |
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--------- |
---- |
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7.
Ultimate controlling party
In the opinion of the director, the ultimate controlling party is Ocean Leisure Parks Ltd who own all of the issued share capital.
Ocean Leisure Limited is under the ultimate control of
Mr R T Ennis
and Mrs S A Ennis
who between them own 100% of the issued share capital.