REGISTERED NUMBER: 01113761 (England and Wales)

PANTYRATHRO PARK MANAGEMENT COMPANY

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Allen

M Williams

SECRETARY:

Mrs T R Allen

REGISTERED OFFICE:

C/O Bevan Buckland Ltd

Ground Floor

Cardigan House

Swansea

SA7 9LA

REGISTERED NUMBER:

01113761 (England and Wales)

AUDITORS:

Bevan Buckland Audit Ltd

Chartered Accountants

And Statutory Auditors

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

BANKERS:

Natwest

59 King Street

Carmarthen

Carmarthenshire

SA31 1AN

FIXED ASSETS

Tangible assets

4

208,993

219,300

CURRENT ASSETS

Debtors

5

12,578

9,403

Cash at bank and in hand

77,436

73,522

90,014

82,925

CREDITORS

Amounts falling due within one year

6

17,882

17,135

NET CURRENT ASSETS

72,132

65,790

TOTAL ASSETS LESS CURRENT LIABILITIES

281,125

285,090

CAPITAL AND RESERVES

Called up share capital

99

99

Non-distributable reserve

7

34,770

34,770

Retained earnings

246,256

250,221

SHAREHOLDERS' FUNDS

281,125

285,090

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 17 September 2026 and were signed on its behalf by:

T M Allen - Director

1.	STATUTORY INFORMATION

Pantyrathro Park Management Company 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

All turnover arose within the United Kingdom and represents rental and service charge income from chalet owners of the holiday park.

Management charges are recognised as revenue over the period in which the management services are provided. These charges typically relate to administrative, operational, and maintenance oversight of chalet properties.

Service charges relate to specific services provided to chalet owners or tenants, such as cleaning, repairs, utilities, and communal area maintenance. These are recognised as revenue when the services are rendered.

Interest income is recognised in the Statement of Profit or Loss using the effective interest method.

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 cost and 20% reducing balance

Cost comprises the purchase price of the assets and expenditure directly attributable to the acquisition of the items. On transition to FRS the company measured revalued assets at deemed cost.

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 balance sheet date.

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.

Revaluation reserve

The revaluation reserve represents cumulative gains arising on the revaluation of freehold land and buildings. The reserve is reduced by any subsequent revaluation losses to the extent that these relate to previously recognised revaluation gains. Amounts held within the revaluation reserve are not available for distribution to shareholders except to the extent that they have been realised.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, such as creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Derecognition of financial liabilities

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

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments held within a deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the Company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

243,160

123,787

366,947

Disposals

-

(38,650

)

(38,650

)

At 31 December 2025

243,160

85,137

328,297

DEPRECIATION

At 1 January 2025

51,320

96,327

147,647

Charge for year

3,944

5,500

9,444

Eliminated on disposal

-

(37,787

)

(37,787

)

At 31 December 2025

55,264

64,040

119,304

NET BOOK VALUE

At 31 December 2025

187,896

21,097

208,993

At 31 December 2024

191,840

27,460

219,300

Included in the cost of land & buildings is freehold land of £45,979 (2024:£45,979) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

885

2,126

Other debtors

11,693

7,277

12,578

9,403

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,226

875

Other creditors

16,656

16,260

17,882

17,135

7.

RESERVES

Non-distribut

reserve

£

At 1 January 2025

and 31 December 2025

34,770

The amount held in non-distributable reserves of £34,770 is the revaluation gain of land and property that is not depreciated, this amount is non distributable to shareholders.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Llinos Williams (Senior Statutory Auditor)

for and on behalf of Bevan Buckland Audit Ltd

9.	RELATED PARTY DISCLOSURES

Each chalet owner has the right to apply for one share in the company, however not all owners have taken-up this option. No person may hold more than one share, irrespective of how many chalets they own. There is therefore no controlling party. All transactions with Directors are at arms length.