Company No:
Contents
| Note | 31.12.2025 | 31.01.2025 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 4,245,683 | 4,245,932 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 3,758,912 | 1,521,104 | |||
| Creditors: amounts falling due within one year | 5 | (
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(
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| Net current assets/(liabilities) | 299,325 | (329,448) | ||
| Total assets less current liabilities | 4,545,008 | 3,916,484 | ||
| Net assets | 4,545,008 | 3,916,484 | ||
| Capital and reserves | 7 | |||
| Called-up share capital |
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| Capital redemption reserve |
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| Profit and loss account |
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| Total shareholder's funds | 4,545,008 | 3,916,484 |
The financial statements of Ayersmont Limited (registered number:
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Mr A J Newing
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Ayersmont 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.
The principal place of business is Landscove Holiday Park, Gillard Road, Brixham, TQ5 9EP.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.
The Company’s business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors' Report. The Directors' Report describes the financial position of the Company; its cash flows, liquidity position and borrowing facilities; the Company’s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and hedging activities; and its exposure to credit risk and liquidity risk.
These financial statements are prepared for an 11‑month reporting period, whereas the comparative period covered 12 months. As a result, the amounts presented in the current year’s financial statements are not directly comparable with the prior period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the Balance Sheet date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
When the amount that can be deducted for tax for an asset that is recognised in a business combination is less (more) than the value at which it is recognised, a deferred tax liability (asset) is recognised for the additional tax that will be paid (avoided) in respect of that difference. Similarly, a deferred tax asset (liability) is recognised for the additional tax that will be avoided (paid) because of a difference between the value at which a liability is recognised and the amount that will be assessed for tax.
Deferred tax liabilities are recognised for timing differences arising from investments in subsidiaries and associates, except where the Company is able to control the reversal of the timing difference and it is probable that it will not reverse in the foreseeable future.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply to the reversal of the timing difference. Deferred tax relating to property, plant and equipment is measured using the revaluation model and investment property is measured using the tax rates and allowances that apply to the sale of the asset.
Where items recognised in the Statement of Comprehensive Income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.
Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset only if: a) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on the Company and the Company intends either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
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.
| 31.12.2025 | 31.01.2025 | ||
| Number | Number | ||
| The average monthly number of employees (including directors) was: |
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Their aggregate remuneration comprised:
| Period from 01.02.2025 to 31.12.2025 |
Year ended 31.01.2025 |
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| £ | £ | ||
| Social security costs |
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| Period from 01.02.2025 to 31.12.2025 |
Year ended 31.01.2025 |
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| £ | £ | ||
| Directors' emoluments |
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| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Subsidiary undertakings |
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Investments in subsidiaries
| 31.12.2025 | |
| £ | |
| Cost | |
| At 01 February 2025 |
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| Disposals | (
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| At 31 December 2025 |
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| Provisions for impairment | |
| At 01 February 2025 |
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| At 31 December 2025 |
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| Carrying value at 31 December 2025 |
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| Carrying value at 31 January 2025 |
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The company holds the entire called up share capital of Landscove Holidays Limited (company number: 02844733). The relevant address is the company's registered office as disclosed in Note 1.
| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Amounts owed by Parent undertakings (note 8) |
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| VAT recoverable |
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| Prepayments |
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| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Parent undertakings (note 8) |
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| Accruals |
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| Other creditors |
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The carrying values of the Company’s financial assets and liabilities are summarised by category below:
| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Financial assets | |||
| Measured at undiscounted amount receivable | |||
| Amounts owed by Parent undertakings (note 4) |
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| Financial liabilities | |||
| Measured at undiscounted amount payable | |||
| Trade creditors (note 5) | (
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| Other payables (note 5) | (
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(
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| Amounts owed to Parent undertakings (note 5) | (
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(
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| (3,453,908) | (1,841,552) |
| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| Presented as follows: | |||
| Called-up share capital presented as equity | 736 | 736 |
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.
The capital redemption reserve represents amounts arising from the purchase of own share capital.
The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.
Transactions with group companies
Amounts owed by Parent undertakings
| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Amounts owed by parent company < 1yr |
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Amounts owed to Parent undertakings
| 31.12.2025 | 31.01.2025 | ||
| £ | £ | ||
| Amounts owed to parent company < 1yr |
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Transactions with companies in which the entity itself has a participating interest
Transactions with related parties or connected persons
Transactions with owners holding a participating interest in the entity
Transactions with the entity’s directors (or members of its governing body)
The audit report was signed by Neil Hitchings on behalf of PKF Francis Clark.