LOWER GREENHILL HOLIDAY PARK LIMITED


Directors	HUDSON, Nathan Joseph
	HUDSON, Nathan
	HUDSON, Nelson William


Registered Address	Lower Greenhill Holiday Park Kelbrook Road
	Salterforth
	Barnoldswick
	BB18 5TG


Registered Number	09795063 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 January 25	582,695	253,451	81,504	917,650
Additions	-	170,706	34,085	204,791
Disposals	-	-	(29,531)	(29,531)
At 31 December 25	582,695	424,157	86,058	1,092,910
Depreciation and impairment
At 01 January 25	-	130,980	43,394	174,374
Charge for year	-	29,019	8,244	37,263
On disposals	-	-	(11,910)	(11,910)
At 31 December 25	-	159,999	39,728	199,727
Net book value
At 31 December 25	582,695	264,158	46,330	893,183
At 31 December 24	582,695	122,471	38,110	743,276

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 25	200	200
At 31 December 25	200	200
Net book value
At 31 December 25	200	200
At 31 December 24	200	200

	Notes
	¹Investments in group undertakings and participating interests

5.	Stocks

	2025	2024
	£	£
Other stocks	286,745	274,831
Total	286,745	274,831

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	145,000
Amounts owed by group undertakings	186,929	-
Other debtors	7,840	9,802
Prepayments and accrued income	12,044	12,489
Total	206,813	167,291


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	66	15,312
Bank borrowings and overdrafts	5,859	7,807
Amounts owed to related parties	548,617	573,109
Taxation and social security	21,009	28,896
Other creditors	363,033	271,925
Accrued liabilities and deferred income	27,886	54,043
Total	966,470	951,092


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank loan is a government- backed bounce back loan and is unsecured. The finance creditors are secured on the underlying assets.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 

The bank loan is a government- backed bounce back loan and is unsecured.

The finance creditors are secured on the underlying assets.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	359	5,916
Total	359	5,916


	The bank loan is a government- backed bounce back loan and is unsecured.

9.	Provisions for liabilities
	The provisions for deferred tax relate to accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	60,100	34,800
Total	60,100	34,800

10.	Related party transactions
	During the period, the directors had a loan account with the company. At 1st January 2025, the company owed the directors £573,109. During the year the company provided further loan advances of £338,242 and Directors made repayments of £126,822. At 31st December 2025, the company owed the directors £361,689. Interest of £0 has been charged on the overdrawn loan balance during the year, using the HMRC official rate of interest.

10.

Related party transactions

During the period, the directors had a loan account with the company. At 1st January 2025, the company owed the directors £573,109. During the year the company provided further loan advances of £338,242 and Directors made repayments of £126,822. At 31st December 2025, the company owed the directors £361,689. Interest of £0 has been charged on the overdrawn loan balance during the year, using the HMRC official rate of interest.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		893,183		743,276
Investments	4		200		200
			893,383		743,476
Current assets
Stocks	5	286,745		274,831
Debtors	6	206,813		167,291
Cash at bank and on hand		134,052		181,041
		627,610		623,163
Creditors amounts falling due within one year	7	(966,470)		(951,092)
Net current assets (liabilities)			(338,860)		(327,929)
Total assets less current liabilities			554,523		415,547
Creditors amounts falling due after one year	8		(359)		(5,916)
Provisions for liabilities	9		(60,100)		(34,800)
Net assets			494,064		374,831
Capital and reserves
Called up share capital			100		100
Profit and loss account			493,964		374,731
Shareholders' funds			494,064		374,831