For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Leisure Parks Luxury Living Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yarwell Mill Country Park, Mill Road, Yarwell, Peterborough, PE8 6PS.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a basis other than going concern because the company ceased to trade on 22 March 2024.

However in the opinion of the directors, the company will remain in existence as a non-trading company.

Turnover represents amounts receivable from pitch fees, sales of mobile homes, houses, caravans, log cabins, shop sales, commissions and utilities recharged net of VAT. Sales of houses taken on part exchange are also recognised in turnover on completion.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The company provides pension benefits for senior employees. Under the terms of the pension contracts entered into with the senior employees, fixed sums are provided for now in order to provide pension benefits to the individuals upon their retirement. The pension contracts allow for an annual increase in respect of indexation over and above the initial contracted amount.

Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors consider that it does not bear any of the hallmarks of a defined benefit scheme as the company’s contributions are fixed until the point of retirement at which point any further contributions of annual increases cease. Further information can be found in note 7 to the financial statements.

The company also provides pension benefits (defined contribution) in respect of senior employees. Amounts payable are charged to the profit and loss account in the year the contracts are entered into between the company and the employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Preference shares

The Redeemable Preference shares are classified as equity in accordance with Section 22 (liabilities and equity) as they are redeemable at the option of the issuer and do not carry a right to a return.

The average monthly number of persons (including directors) employed by the company during the year was:

On 22 March 2024 the company sold most of its assets which has resulted in the company ceasing to trade.

The company has entered into agreements and is contractually obliged to expend fixed sums in the future to provide retirement benefits to senior employees under the terms of their pension agreements.

The company provided pension benefits in respect of senior employees. Amounts payable are charged to the profit and loss account in the year the contracts are entered into between the company and the employees. The number of directors to whom benefits are accruing under these pension agreements is 1 (2024: 2).

The contributions and potential liabilities of the company in respect of the pension agreements are fixed at least until the date of retirement of the employees which is over 3 years from the year end date. These liabilities are not payable until the date of retirement.

Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors are of the opinion that it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary in order to understand the nature and measurement of the liability.

The directors are of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected, at this stage, to be paid in the future to settle the pension agreement liabilities.

During the year the company reversed agency fees commission of £20,482 (2024: £Nil) to Leisure Parks Luxury Services Limited, a company in which C Crickmore is a director. Included within other creditors at the balance sheet date is an amount of £127,307 (2024: £131,810) due to Leisure Parks Luxury Services Limited.

Included within other debtors at the balance sheet date is an amount of £Nil (2024: £80,964) due from 84 Duxford Road Limited, a company in which C Crickmore was formerly a director.

Included within other creditors at the balance sheet date is an amount of £335,479 (2024: £335,310) due to Rowley Lane (Wexham) Limited, a company in which C Crickmore is a director.

Included within other debtors at the balance sheet date is an amount of £12,931 (2024: £12,931) due from Spill Land Farm Country Park Limited, a company in which F Doe has beneficial interest.

Included within other creditors at the balance sheet date is an amount of £287,119 (2024: £95,219) owed to Sines Parks Luxury Living Limited, a company in which F Doe is a director.

Included within other creditors at the balance sheet date is an amount of £100,000 (2024: £100,000) owed to Sines Parks (S.E.) Limited, a company in which F Doe is a director.

Included within other debtors at the balance sheet date is an amount of £2,449,023 (2024: £2,449,024) owed from Hayes Country Estates Limited, a company in which F Doe is a director. Interest of £Nil (2024: £262,395) was received on this loan.

Included within other creditors at the balance sheet date is a balance of £3,310,782 (2024: £3,310,782) due to the current and former directors.

The ultimate parent company is Leisure Parks Group Limited, a company registered in England and Wales and whose registered office address is Yarwell Mill Country Park, Mill Road, Yarwell, Peterborough, PE8 6PS.