REGISTERED NUMBER: 02440023 (England and Wales)

KIRKSTEAD HOLIDAY PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mrs A M Pittam

J M Pittam

SECRETARY:

Mrs A M Pittam

REGISTERED OFFICE:

Kirkstead Holiday Park

North Road

Trusthorpe

Mablethorpe

Lincolnshire

LN12 2QD

REGISTERED NUMBER:

02440023 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

Barclays Bank PLC

65 Lumley Road

Skegness

Lincolnshire

PE25 3LU

FIXED ASSETS

Tangible assets

4

1,226,646

1,230,613

Investment property

5

395,297

-

1,621,943

1,230,613

CURRENT ASSETS

Stocks

6,546

5,150

Debtors

6

19,840

18,226

Cash at bank and in hand

213,893

384,040

240,279

407,416

CREDITORS

Amounts falling due within one year

7

350,606

365,936

NET CURRENT (LIABILITIES)/ASSETS

(110,327

)

41,480

TOTAL ASSETS LESS CURRENT LIABILITIES

1,511,616

1,272,093

CREDITORS

Amounts falling due after more than one year

8

(758,805

)

(637,101

)

PROVISIONS FOR LIABILITIES

(37,875

)

(35,324

)

NET ASSETS

714,936

599,668

CAPITAL AND RESERVES

Called up share capital

10

99,750

1,000

Retained earnings

615,186

598,668

SHAREHOLDERS' FUNDS

714,936

599,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

J M Pittam - Director

1.	STATUTORY INFORMATION

Kirkstead Holiday 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 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

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

1,434,355

383,339

1,817,694

Additions

-

46,855

46,855

Disposals

-

(9,708

)

(9,708

)

At 30 November 2025

1,434,355

420,486

1,854,841

DEPRECIATION

At 1 December 2024

336,199

250,882

587,081

Charge for year

14,150

33,513

47,663

Eliminated on disposal

-

(6,549

)

(6,549

)

At 30 November 2025

350,349

277,846

628,195

NET BOOK VALUE

At 30 November 2025

1,084,006

142,640

1,226,646

At 30 November 2024

1,098,156

132,457

1,230,613

Included in cost of land and buildings is freehold land of £ 726,830 (2024 - £ 726,830 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

395,297

At 30 November 2025

395,297

NET BOOK VALUE

At 30 November 2025

395,297

Fair value at 30 November 2025 is represented by:

£

Cost

395,297

The properties are included in the financial statements at market value as valued by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,130

11,454

Other debtors

11,710

6,772

19,840

18,226

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,713

30,472

Trade creditors

15,837

82,911

Taxation and social security

78,825

56,879

Other creditors

223,231

195,674

350,606

365,936

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

462,555

242,101

Other creditors

296,250

395,000

758,805

637,101

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

319,481

116,600

The company has 395,000 £1 Redeemable Preference shares. Subject to the provisions of the Companies Act 2006, the company may at the time redeem the whole or any part of the preference shares. The company shall not be entitled to redeem any preference share unless it is fully paid. The redeemable preference shares are currently considered to be core funding and there are no plans to redeem the shares within one year of the statement of financial position date. Consequently, £296,250 of the share capital has been disclosed in the financial statements as a liability representing the present value of future cash flows arising from a mandatory 3% dividends which has been discounted at 4%. The remaining balance of £98,750 is held in equity.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

495,268

272,573

The bank loan is secured by a fixed charge over the property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2025

2024

NIL

Ordinary

£1

-

1,000

160

A Ordinary

£1

160

-

260

B Ordinary

£1

260

-

580

C Ordinary

£1

580

-

395,000

Redeemable preference shares

£1

98,750

-

99,750

1,000

Total redeemable preference shares of £395,000 are currently in issue. Due to there being no fixed redemption date, the treatment of share capital is split between equity and liabilities. £296,250 of preference share capital has been disclosed in the financial statements as a liability representing the present value of future cash flows arising from mandatory 3% dividends discounted at 4%. The remaining balance of £98,750 is held in equity.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided the company with an interest free loan totalling £21,104 (2024: £17,292).