Company No: 07034547 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	104,595		174,698
Tangible assets	5	369,664		376,240
		474,259		550,938
Current assets
Stocks	6	1,293,903		1,269,285
Debtors	7	280,680		784,077
Cash at bank and in hand		205,711		330,708
		1,780,294		2,384,070
Creditors: amounts falling due within one year	8	( 1,125,296)		( 1,963,259)
Net current assets		654,998		420,811
Total assets less current liabilities		1,129,257		971,749
Net assets		1,129,257		971,749
Capital and reserves
Called-up share capital		300		300
Profit and loss account		1,128,957		971,449
Total shareholders' funds		1,129,257		971,749

For the financial year ending 31 August 2025 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Leisure Homes Direct Limited (registered number: 07034547) were approved and authorised for issue by the Board of Directors on 22 May 2026. They were signed on its behalf by:

B H Thomas Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leisure Homes Direct Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of static caravans is recognised when the static caravans are paid for or delivered to customers who have credit terms.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	25 % reducing balance
	5 - 10 years straight line
Vehicles	25 % reducing balance
	5 years straight line
Fixtures and fittings	25 % reducing balance
	3 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Prior year adjustment

A prior period adjustment of £5,040 has been made to correct dividends voted for the year ended 31 August 2024, affecting retained earnings and other creditors. As a result, closing reserves are now £5,040 lower than previously reported. There is no impact on profit and loss in the current year.

		As previously reported		Adjustment		As restated
Year ended 31 August 2024		£		£		£
Other creditors		750,972		5,040		756,012
Dividends paid		(244,960)		(5,040)		(250,000)
Retained earnings		976,489		(5,040)		971,449

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		17

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 September 2024	235,872		235,872
Additions	4,566		4,566
At 31 August 2025	240,438		240,438
Accumulated amortisation
At 01 September 2024	61,174		61,174
Charge for the financial year	74,669		74,669
At 31 August 2025	135,843		135,843
Net book value
At 31 August 2025	104,595		104,595
At 31 August 2024	174,698		174,698

5. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 September 2024	141,911		188,777		63,290		175,910		33,091		602,979
Additions	45,801		0		21,989		0		6,464		74,254
At 31 August 2025	187,712		188,777		85,279		175,910		39,555		677,233
Accumulated depreciation
At 01 September 2024	9,692		68,914		38,678		85,940		23,515		226,739
Charge for the financial year	18,829		29,941		6,827		18,515		6,718		80,830
At 31 August 2025	28,521		98,855		45,505		104,455		30,233		307,569
Net book value
At 31 August 2025	159,191		89,922		39,774		71,455		9,322		369,664
At 31 August 2024	132,219		119,863		24,612		89,970		9,576		376,240

6. Stocks

	2025		2024
	£		£
Stocks	1,293,903		1,269,285

7. Debtors

	2025		2024
	£		£
Trade debtors	181,314		375,094
Amounts owed by Group undertakings	14,435		162,347
Other debtors	84,931		246,636
	280,680		784,077

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	622,307		1,125,191
Taxation and social security	171,429		82,056
Other creditors	331,560		756,012
	1,125,296		1,963,259

9. Related party transactions

Other related party transactions

	2025		2024
	£		£
At start of period	43,700		0
Advanced to Leisure Homes Direct	12,821		43,700
At end of period	56,521		43,700

Included in other loans is an interest-free loan from BCT Freight Limited, which is another subsidiary of European Leisure Investment Group Limited

10. Ultimate controlling party

Parent Company:

European Leisure Investment Group Limited

Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW