REGISTERED NUMBER: 11912005 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Sunseeker Holiday Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D G Ashton

Mr R G Moore

REGISTERED OFFICE:

Marfleet Works

Valetta Street

Kingston upon Hull

East Riding

HU9 5NP

REGISTERED NUMBER:

11912005 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Tangible assets

4

42,003

91,304

CURRENT ASSETS

Stocks

789,102

982,890

Debtors

5

725,585

1,000,849

Cash at bank and in hand

360,541

796,725

1,875,228

2,780,464

CREDITORS

Amounts falling due within one year

6

1,970,151

1,107,848

NET CURRENT (LIABILITIES)/ASSETS

(94,923

)

1,672,616

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,920

)

1,763,920

CREDITORS

Amounts falling due after more than one year

7

422,228

921,670

NET (LIABILITIES)/ASSETS

(475,148

)

842,250

CAPITAL AND RESERVES

Called up share capital

11

400

400

Share premium

199,800

199,800

Retained earnings

(675,348

)

642,050

SHAREHOLDERS' FUNDS

(475,148

)

842,250

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 May 2026 and were signed on its behalf by:

Mr D G Ashton - Director

1.	STATUTORY INFORMATION

Sunseeker Holiday Homes 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.

The financial statements are presented in Sterling (£) and cover the period to 31 August each year.

Going Concern

The directors have prepared the financial statements on a going concern basis as they believe the company has adequate resources to continue trading for a period of at least 12 months from the date of approval of these financial statements.

The company continues to operate within the UK holiday home manufacturing sector, supplying new holiday homes and related products to holiday parks and customers across the industry. The directors have reviewed current order levels, forward sales pipelines, production schedules, and cash flow forecasts, all of which support the expectation that the company will continue to meet its obligations as they fall due.

The directors also note the continued demand for UK staycation accommodation and ongoing investment by holiday parks in upgrading and expanding their holiday home offerings, which continues to provide opportunities for the business.

Nature of Uncertainties

The directors acknowledge that the business operates in a sector that can be affected by wider economic and market conditions. Uncertainties include:

- Fluctuations in consumer confidence and discretionary spending affecting demand for holiday homes;

- Inflationary pressures impacting raw material, transport, and labour costs;

- Potential supply chain disruption affecting the availability and pricing of key manufacturing materials and components;

- Seasonal variations in sales activity within the holiday park industry;

- Interest rate increases which may impact customer financing and purchasing decisions.

These factors may place pressure on margins, cash flow, and working capital requirements. The directors have therefore considered these uncertainties carefully when assessing the company's ability to continue as a going concern.

Steps Taken to Address Going Concern Uncertainties

The directors have implemented a number of measures to strengthen the company's financial position and mitigate the uncertainties identified, including:

- Maintaining detailed cash flow forecasting and close control over working capital;

- Monitoring production costs and implementing cost-saving initiatives within the manufacturing process;

- Strengthening relationships with key suppliers to improve supply chain stability and pricing visibility;

- Continuing to diversify the customer base across holiday parks and retail customers;

- Maintaining focus on forward order intake and production planning to maximise factory efficiency;

- Reviewing pricing structures to help recover increases in raw material and operational costs;

- Exploring additional revenue opportunities within the holiday home and leisure sector.

The directors will continue to monitor trading performance and market conditions closely and are satisfied that the company remains appropriately positioned to continue trading and meet its liabilities as they fall due.

Significant judgements and estimates

In the application of the company's accounting policies management is required to make judgements,estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The items in the financial statements where these judgements and estimates have been made include:

(a) Warranty provision

The warranty provision is based upon the total units still in warranty and the anticipated warranty cost on average per unit, less any cost incurred to date. Anticipated warranty cost is based upon estimated additional spend per home, for snagging and costs applicable to homes already delivered.

(b) The estimated useful economic life of tangible fixed assets

In determining the useful life of assets, management estimate both the residual value and the useful economic lives of assets. Both judgements rely on the experience of management.

(c) Overhead absorption into stock

Labour absorptions are based on an estimated values for net sales, and then multiplied by the stage completion on each job.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The Company has transferred the significant risks and rewards of ownership to the buyer;

- The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- The amount of revenue can be measured reliably;

- It is probable that the Company will receive the consideration due under the transaction; and

- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

50% on cost and 20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2024 - 69 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

163,754

21,128

70,000

70,392

325,274

Additions

826

-

-

-

826

At 31 August 2025

164,580

21,128

70,000

70,392

326,100

DEPRECIATION

At 1 September 2024

115,152

16,122

35,001

67,695

233,970

Charge for year

30,091

3,425

15,054

1,557

50,127

At 31 August 2025

145,243

19,547

50,055

69,252

284,097

NET BOOK VALUE

At 31 August 2025

19,337

1,581

19,945

1,140

42,003

At 31 August 2024

48,602

5,006

34,999

2,697

91,304

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

482,717

774,081

Other debtors

242,868

223,683

725,585

997,764

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

-

3,085

Aggregate amounts

725,585

1,000,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,365,537

471,974

Amounts owed to group undertakings

-

24,000

Amounts owed to associates

90,452

-

Taxation and social security

76,326

76,004

Other creditors

437,836

535,870

1,970,151

1,107,848

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

666,704

Amounts owed to associates

215,698

-

Other creditors

206,530

254,966

422,228

921,670

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

137,181

255,854

Between one and five years

176,648

129,024

313,829

384,878

The operating leases represent leases of property, equipment and vehicles from third parties.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

15,745

99,800

Group

486,483

859,393

502,228

959,193

HSBC UK Bank PLC holds a charge, containing fixed charges, floating charges and negative pledges, with floating charges covering all the property and undertaking of the company.

Df Capital Bank Limited holds a charge containing fixed charges, floating charges and negative pledges, the floating charges covering all the property, chargeable assets and undertakings of the company

The associate company SRG Park Holdings Limited hold security on its loans via a charge containing fixed charges, floating charges and negative pledges, with the fixed charged being over all assets eligible for such a charge and a floating charge over any remaining assets.

The shareholder loans are secured via charges over the company containing fixed charges, floating charge and negative pledges over all property, assets and undertakings of the company. Interest is charged on the shareholder loans at 4% per annum over the Bank of England base rate.

10.	DEFERRED TAX

£

Balance at 1 September 2024

(39,591

)

Charge to Statement of Income and Retained Earnings during year

39,591

Balance at 31 August 2025

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

400

Ordinary

1

400

400

12.	RELATED PARTY DISCLOSURES

The company previously received a loan from an associate company amounting to £666,704. At the year end the balance outstanding is £486,483 (2024: £859,393). Interest is chargeable on the loan at 4% over the Bank of England base rate and is repayable on demand.Interest expense recognised during the year amounted to £35,644.

The company has a further trading balance due to an associate company amounting to £69,724 (2024: £Nil) at the balance sheet date

At 31 August 2025, the company owed Director D Ashton £10,777 (2024: £25,892). The loan is unsecured, interest bearing at 4% over the Bank of England base rate per annum and repayable on demand. Interest expense recognised during the year amounted to £1,081.

At 31 August 2025, the company owed Director R Moore £10,647 (2024: £24,770). The loan is unsecured, interest bearing at 4% over the Bank of England base rate per annum and repayable on demand. Interest expense recognised during the year amounted to £1,077.