REGISTERED NUMBER: 02363928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

HEACHAM HOLIDAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M F Plumb

S M Plumb

Mrs E M Plumb

Mrs E Plumb

Mrs L Pearson

M J Plumb

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

02363928 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

296

343

Tangible assets

5

4,434,035

4,422,340

4,434,331

4,422,683

CURRENT ASSETS

Stocks

171,161

130,405

Debtors

6

346,707

109,674

Cash at bank and in hand

15,669

1,226

533,537

241,305

CREDITORS

Amounts falling due within one year

7

3,274,445

3,403,818

NET CURRENT LIABILITIES

(2,740,908

)

(3,162,513

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,693,423

1,260,170

CREDITORS

Amounts falling due after more than one year

8

(87,687

)

(63,410

)

PROVISIONS FOR LIABILITIES

(173,500

)

(172,000

)

NET ASSETS

1,432,236

1,024,760

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,432,136

1,024,660

SHAREHOLDERS' FUNDS

1,432,236

1,024,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

S M Plumb - Director

1.	STATUTORY INFORMATION

Heacham 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.

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.

At the balance sheet date the company had a working capital deficit of £2,740,908 by virtue of its current liabilities exceeding its current assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and this view is supported by the continuing support of the company bankers and creditors.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised evenly over its estimated useful life of twenty years.

The company has taken advantage of the transitional provisions included in FRS 102 not to apply 'Business Combinations and Goodwill' retrospectively, to any 'Business Combinations' that occured prior to 1 February 2015.

As a result of the requirements of FRS 102, the company has amended its accounting policy to amortise the goodwill over seven years from the date of transition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Leasehold improvements

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Income recognition

Pitch fees are paid by users of the caravan park at various times during a year and at 31 July a proportion of the pitch fees received is in respect of the forthcoming holiday season. It is the company's accounting policy to treat these receipts as advance payments and carry them in the balance sheet at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

260,001

1,990

261,991

AMORTISATION

At 1 August 2024

260,001

1,647

261,648

Amortisation for year

-

47

47

At 31 July 2025

260,001

1,694

261,695

NET BOOK VALUE

At 31 July 2025

-

296

296

At 31 July 2024

-

343

343

5.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

property

improvements

machinery

£

£

£

COST

At 1 August 2024

3,300,376

630,753

805,938

Additions

-

14,570

210,512

Disposals

-

-

(196,300

)

At 31 July 2025

3,300,376

645,323

820,150

DEPRECIATION

At 1 August 2024

5,094

200,323

343,993

Charge for year

831

12,906

64,769

Eliminated on disposal

-

-

(76,559

)

At 31 July 2025

5,925

213,229

332,203

NET BOOK VALUE

At 31 July 2025

3,294,451

432,094

487,947

At 31 July 2024

3,295,282

430,430

461,945

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2024

92,913

368,078

5,198,058

Additions

-

66,134

291,216

Disposals

-

(41,533

)

(237,833

)

At 31 July 2025

92,913

392,679

5,251,441

DEPRECIATION

At 1 August 2024

64,971

161,337

775,718

Charge for year

4,192

59,925

142,623

Eliminated on disposal

-

(24,376

)

(100,935

)

At 31 July 2025

69,163

196,886

817,406

NET BOOK VALUE

At 31 July 2025

23,750

195,793

4,434,035

At 31 July 2024

27,942

206,741

4,422,340

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2024

98,500

129,004

227,504

Additions

110,490

57,864

168,354

Transfer to ownership

(98,500

)

-

(98,500

)

At 31 July 2025

110,490

186,868

297,358

DEPRECIATION

At 1 August 2024

1,231

60,909

62,140

Charge for year

5,525

29,079

34,604

Transfer to ownership

(1,231

)

-

(1,231

)

At 31 July 2025

5,525

89,988

95,513

NET BOOK VALUE

At 31 July 2025

104,965

96,880

201,845

At 31 July 2024

97,269

68,095

165,364

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

128,842

61,744

Other debtors

217,865

47,930

346,707

109,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

315,278

445,042

Hire purchase contracts (see note 9)

70,873

56,620

Trade creditors

62,872

52,915

Amounts owed to group undertakings

2,101,713

2,087,407

Taxation and social security

178,526

136,485

Other creditors

545,183

625,349

3,274,445

3,403,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts (see note 9)

87,687

63,410

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

25,565

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.7.25

31.7.24

£

£

Net obligations repayable:

Within one year

70,873

56,620

Between one and five years

87,687

37,845

In more than five years

-

25,565

158,560

120,030

Non-cancellable

operating leases

31.7.25

31.7.24

£

£

Within one year

8,775

-

Between one and five years

22,670

-

31,445

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdrafts

315,278

219,525

Bank loans

-

225,517

Hire purchase contracts

158,560

120,030

473,838

565,072

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

M F Plumb and Mrs E M Plumb

Balance outstanding at start of year

-

-

Amounts advanced

64,720

56,790

Amounts repaid

-

(56,790

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,720

-

S M Plumb and Mrs E Plumb

Balance outstanding at start of year

-

-

Amounts advanced

29,897

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,897

-

Interest has been charged on overdrawn loan accounts at 2.25% up until 5 April 2025 and 3.75% thereafter when the overdrawn balances exceed £10,000 per director during the period.

12.	RELATED PARTY DISCLOSURES

At the year end interest free loans from related parties amounting to £2,101,713 (2024 - £2,087,407) were outstanding.