0 0 South Shores Country Park Limited 10212893 false 2024-10-01 2025-09-30 2025-09-30 The principal activity of the company is that of a holiday home park. Digita Accounts Production Advanced 6.30.9574.0 true true 10212893 2024-10-01 2025-09-30 10212893 2025-09-30 10212893 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-09-30 10212893 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-09-30 10212893 core:CurrentFinancialInstruments 2025-09-30 10212893 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 10212893 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-30 10212893 core:ConstructionInProgressAssetsUnderConstruction 2025-09-30 10212893 core:LandBuildings 2025-09-30 10212893 core:OtherPropertyPlantEquipment 2025-09-30 10212893 bus:SmallEntities 2024-10-01 2025-09-30 10212893 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 10212893 bus:FilletedAccounts 2024-10-01 2025-09-30 10212893 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 10212893 bus:Director1 2024-10-01 2025-09-30 10212893 bus:Director2 2024-10-01 2025-09-30 10212893 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 10212893 core:ConstructionInProgressAssetsUnderConstruction 2024-10-01 2025-09-30 10212893 core:LandBuildings 2024-10-01 2025-09-30 10212893 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 10212893 core:PlantMachinery 2024-10-01 2025-09-30 10212893 1 2024-10-01 2025-09-30 10212893 countries:EnglandWales 2024-10-01 2025-09-30 10212893 2024-09-30 10212893 core:ConstructionInProgressAssetsUnderConstruction 2024-09-30 10212893 core:LandBuildings 2024-09-30 10212893 core:OtherPropertyPlantEquipment 2024-09-30 10212893 2023-10-01 2024-09-30 10212893 2024-09-30 10212893 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 10212893 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 10212893 core:CurrentFinancialInstruments 2024-09-30 10212893 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10212893 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10212893 core:ConstructionInProgressAssetsUnderConstruction 2024-09-30 10212893 core:LandBuildings 2024-09-30 10212893 core:OtherPropertyPlantEquipment 2024-09-30 xbrli:pure iso4217:GBP

Registration number: 10212893

South Shores Country Park Limited Unaudited Financial Statements for the Year Ended 30 September 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

South Shores Country Park Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

South Shores Country Park Limited

Company Information

Directors | M Barney J van Leeuwen

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

South Shores Country Park Limited

Statement of Financial Position as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,145,957 | 5,253,227
Current assets |  |  |
Stocks | 5 | - | 292,043
Debtors | 6 | 644,714 | 584,716
Cash at bank and in hand |  | 27,199 | 4,172
|  | 671,913 | 880,931
Creditors: Amounts falling due within one year | 7 | (2,436,262) | (1,810,663)
Net current liabilities |  | (1,764,349) | (929,732)
Total assets less current liabilities |  | 4,381,608 | 4,323,495
Creditors: Amounts falling due after more than one year | 7 | (90,776) | -
Provisions for liabilities |  | (982,442) | (900,008)
Net assets |  | 3,308,390 | 3,423,487
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 2,701,217 | 2,701,217
Retained earnings |  | 607,073 | 722,170
Shareholders' funds |  | 3,308,390 | 3,423,487

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

South Shores Country Park Limited

Statement of Financial Position as at 30 September 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of South Shores Country Park Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 10 June 2026 and signed on its behalf by:

.........................................

M Barney

Director

Company registration number: 10212893

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the operation of a holiday home park.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a loss for the year ended 30 September 2025 and had net assets of £3,308,390 at that date.
The directors remain optimistic about future trading and expect the company to maintain profitability in the forthcoming year and forecasts produced by the directors show that the company has sufficient working capital for at least 12 months from the date of approval of the financial statements.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.
Rental income is recognised evenly over the period to which it relates.
Income in respect of the sale of lodges is recognised when risks and rewards of ownership are transferred to the customer, usually once an unconditional contract is in place.

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives.
Depreciation is provided on the following basis:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Caravans and lodges | 5% straight line

Revaluation of tangible fixed assets
Freehold properties are revalued and shown at market value less any subsequent depreciation and accumulated impairment losses.
Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value.
Market values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance leases and hire purchase

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.
Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.
The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

4 | Tangible assets

| Freehold property £ | Caravans and lodges £ | Plant and machinery £ | Total £
Cost or valuation
At 1 October 2024 | 5,250,000 | - | 6,348 | 5,256,348
Additions | - | 913,706 | - | 913,706
Disposals | - | - | (2,348) | (2,348)
At 30 September 2025 | 5,250,000 | 913,706 | 4,000 | 6,167,706
Depreciation
At 1 October 2024 | - | - | 3,121 | 3,121
Charge for the year | - | 19,936 | 1,040 | 20,976
Eliminated on disposal | - | - | (2,348) | (2,348)
At 30 September 2025 | - | 19,936 | 1,813 | 21,749
Carrying amount
At 30 September 2025 | 5,250,000 | 893,770 | 2,187 | 6,145,957
At 30 September 2024 | 5,250,000 | - | 3,227 | 5,253,227

The company's freehold property is included at market value at 30 September 2025 as estimated by the directors at an amount of £5,250,000 based upon a professional valuation carried out by a RICS qualified valuer.

5 | Stocks

| 2025 £ | 2024 £
Stock | - | 292,043

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 75,990 | 5,090
Amounts owed by group undertakings | 8,528 | 64,511
Other debtors | 560,196 | 515,115
| 644,714 | 584,716

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Loans and borrowings | 57,332 | -
Trade creditors | 92,444 | 63,991
Amounts owed to group undertakings | 1,453,020 | 246,322
Taxation and social security | 149,070 | 185,055
Other creditors | 684,396 | 1,315,295
| 2,436,262 | 1,810,663

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 8 | 90,776 | -

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase obligations | 57,332 | -

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase obligations | 90,776 | -

Liabilities under hire purchase agreements are secured on the assets concerned.

South Shores Country Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

9 | Contingent liabilities

The company has given a guarantee in respect of the bank borrowings of its parent company, which at 30 September 2025 amounted to £6,250,000 (2024: £1,572,931).The guarantee is secured by a fixed charge over the company's freehold property.

10 | Related party transactions

In accordance with FRS 102 paragraph 1AC.35 exemption is taken not to disclose transactions in the year or amounts falling due between undertakings where 100% of the voting rights are controlled within the group.

11 | Reserves

The revaluation reserve represents the cumulative revaluation of freehold property in excess of historic cost, net of deferred tax.

12 | Non adjusting events after the financial period

Subsequent to 30 September 2025, an interim dividend of £125,000 was declared and paid.