Porth Beach Tourist Park Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00674872 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PORTH BEACH TOURIST PARK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R May

T M May

SECRETARY:

R May

REGISTERED OFFICE:

Porth Beach Tourist Park

Alexandra Road

Porth

Newquay

Cornwall

TR7 3NH

REGISTERED NUMBER:

00674872 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

BANKERS:

HSBC Bank Plc

17 Boscawen Street

Truro

Cornwall

TR1 2QZ

FIXED ASSETS

Tangible assets

4

993,842

1,061,860

CURRENT ASSETS

Stocks

5,007

7,484

Debtors

5

10,718

7,681

Cash at bank and in hand

1,266,039

1,107,228

1,281,764

1,122,393

CREDITORS

Amounts falling due within one year

6

320,823

452,752

NET CURRENT ASSETS

960,941

669,641

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,954,783

1,731,501

PROVISIONS FOR LIABILITIES

75,221

92,226

NET ASSETS

1,879,562

1,639,275

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,878,562

1,638,275

SHAREHOLDERS' FUNDS

1,879,562

1,639,275

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2026 and were signed on its behalf by:

R May - Director

1.	STATUTORY INFORMATION

Porth Beach Tourist Park 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.

Turnover

Turnover comprises the value of accommodation and services provided, together with that of ancilliary goods supplied by the company, net of Value Added Tax.

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

-

not provided

Caravans

-

10% on cost

Fixtures & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Caravan soft furnishings

-

15% 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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Freehold property

No depreciation is provided on freehold property at the Balance Sheet date. It is the company's practice to maintain these assets in a continual state of sound repair and, accordingly, the directors consider that the residual value of these assets is such that their depreciation is insignificant.

Caravans

Caravans purchased under finance lease agreements are written down to their estimated residual values, in accordance with the above policy on hire purchase and leasing commitments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

property

Caravans

& equipment

£

COST

At 1 November 2024

692,957

623,203

256,279

Additions

-

4,184

At 31 October 2025

692,957

623,203

260,463

DEPRECIATION

At 1 November 2024

-

313,857

205,038

Charge for year

-

61,870

8,314

At 31 October 2025

-

375,727

213,352

NET BOOK VALUE

At 31 October 2025

692,957

247,476

47,111

At 31 October 2024

692,957

309,346

51,241

Caravan

Motor

soft

vehicles

furnishings

Totals

£

COST

At 1 November 2024

24,345

6,188

1,602,972

Additions

-

4,184

At 31 October 2025

24,345

6,188

1,607,156

DEPRECIATION

At 1 November 2024

16,642

5,575

541,112

Charge for year

1,926

92

72,202

At 31 October 2025

18,568

5,667

613,314

NET BOOK VALUE

At 31 October 2025

5,777

521

993,842

At 31 October 2024

7,703

613

1,061,860

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

Fixtures

& equipment

£

COST

At 1 November 2024

and 31 October 2025

13,250

DEPRECIATION

At 1 November 2024

6,333

Charge for year

1,038

At 31 October 2025

7,371

NET BOOK VALUE

At 31 October 2025

5,879

At 31 October 2024

6,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Prepayments and accrued income

10,718

7,681

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Hire purchase contracts

-

3,022

Trade creditors

24,738

26,566

Corporation tax

97,089

101,631

Social security and other taxes

4,052

2,049

VAT

26,975

22,904

Other creditors

830

127,800

Directors' loan accounts

147,878

Accruals and deferred income

19,261

20,902

320,823

452,752

7.	ULTIMATE CONTROLLING PARTY

The controlling party is R May.

During the year the company was controlled by Mr R May by virtue of the fact that he owed 49.9% of the issued ordinary shares in his own right, but also had an interest as a trustee in the 426 shares owed by the trustees of the Rosemary May No. 1 Discretionary Settlement 2010.