Penyberth Caravan Park Cyf - Accounts to registrar (filleted)

REGISTERED NUMBER: 02818211 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Penyberth Caravan Park Cyf

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs E Owen

Mr W E Owen

Mrs B Owen-Jones

Dr H Williams Ellis

SECRETARY:

Mr W E Owen

REGISTERED OFFICE:

Penrhos

Pwllheli

Gwynedd

LL53 7LR

REGISTERED NUMBER:

02818211 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

342,777

356,926

CURRENT ASSETS

Stocks

15,000

-

Debtors

5

1,007,210

944,989

Cash at bank and in hand

470,242

573,914

1,492,452

1,518,903

CREDITORS

Amounts falling due within one year

6

975,845

930,850

NET CURRENT ASSETS

516,607

588,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

859,384

944,979

PROVISIONS FOR LIABILITIES

34,460

46,031

NET ASSETS

824,924

898,948

CAPITAL AND RESERVES

Called up share capital

30,000

Retained earnings

794,924

868,948

SHAREHOLDERS' FUNDS

824,924

898,948

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 23 December 2025 and were signed on its behalf by:

Mr W E Owen - Director

1.	STATUTORY INFORMATION

Penyberth Caravan Park Cyf 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

Going concern

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.

The accounts have been prepared on the going concern basis. This basis may not be appropriate as, at the balance sheet date, the current liabilities exceeded the current assets. Principal amongst the creditors are the directors. Both the directors have indicated their willingness to support the company for the forseeable future. Accordingly, the going concern basis is considered appropriate.

Turnover

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

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

-

2% on cost

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Fixed Assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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.

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 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 10 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

182,043

664,993

847,036

Additions

-

38,697

At 31 March 2025

182,043

703,690

885,733

DEPRECIATION

At 1 April 2024

67,382

422,728

490,110

Charge for year

2,293

50,553

52,846

At 31 March 2025

69,675

473,281

542,956

NET BOOK VALUE

At 31 March 2025

112,368

230,409

342,777

At 31 March 2024

114,661

242,265

356,926

5.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

760,168

669,944

Other debtors

194,280

228,872

954,448

898,816

Amounts falling due after more than one year:

Other debtors

52,762

46,173

Aggregate amounts

1,007,210

944,989

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

13,108

61,118

Taxation and social security

205,044

159,441

Other creditors

757,693

710,291

975,845

930,850

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr W E Owen

Balance outstanding at start of year

-

178,987

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penyberth Caravan Park Cyf for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Penyberth Caravan Park Cyf, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penyberth Caravan Park Cyf and state those matters that we have agreed to state to the Board of Directors of Penyberth Caravan Park Cyf, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penyberth Caravan Park Cyf and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Penyberth Caravan Park Cyf has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penyberth Caravan Park Cyf. You consider that Penyberth Caravan Park Cyf is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penyberth Caravan Park Cyf. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................