| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Retreat Estates Burnham-on-Sea |
| Limited(The) |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Retreat Estates Burnham-on-Sea |
| Limited(The) |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Retreat Estates Burnham-on-Sea |
| Limited(The) |
| Company Information |
| for the Year Ended 31 March 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Stafford House |
| Blackbrook Park Avenue |
| Taunton |
| Somerset |
| TA1 2PX |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Balance Sheet |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Balance Sheet - continued |
| 31 March 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2026 |
| 1. | STATUTORY INFORMATION |
| Retreat Estates Burnham-on-Sea Limited(The) is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Critical accounting judgements and key sources of estimation uncertainty |
| Estimates and judgements are continually evaluated and are based on historical experience and adjusted for current market conditions or other factors. The Directors makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom be exactly the same as related actual results. The estimates, assumptions and management judgements that carry a significant risk of material adjustments to the carrying amounts of assets and liabilities within the next financial year are outlined below. |
| Principal assumptions underlying the Directors’ estimation of fair value of investment property |
| Investment properties are measured at fair value based on open market value of the property. Current economic developments and uncertainties will therefore influence the valuation of our investment properties. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue and associated costs from the sale of caravans is recognised when the significant risks and rewards of ownership have passed to the buyer, usually on the completion of a sale. Other streams of revenue including income from pitch fees are recognised in the period to which the income relates. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| The Caravan Park is shown at fair value, being the most recent valuation. Any aggregate surplus or deficit |
| arising from changes in fair value is recognised in profit or loss in the year of valuation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| The company has only assets and liabilities that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at fair value. |
| 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. |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 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. |
| Cash and cash equivalents |
| Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Caravan | and | Motor |
| property | park | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| Revaluation adjustments |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 March 2026 is represented by: |
| Fixtures |
| Freehold | Caravan | and | Motor |
| property | park | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2022 | - | 3,433,139 | - | - | 3,433,139 |
| Valuation in 2026 | - | (7,750 | ) | - | - | (7,750 | ) |
| Cost | 493,313 | 1,082,361 | 71,509 | 167,949 | 1,815,132 |
| 493,313 | 4,507,750 | 71,509 | 167,949 | 5,240,521 |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 624,241 | 616,491 |
| Aggregate depreciation | (230,940 | ) | (193,950 | ) |
| Value of land in freehold land and buildings | 393,301 | 422,541 |
| If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts |
| included would have been as follows: |
| 2026 | 2025 |
| £ | £ |
| Cost | 624,241 | 616,491 |
| Accumulated depreciation | (230,940 | ) | (218,610 | ) |
| Carrying value | 393,301 | 397,881 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2025 |
| and 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Retreat Estates Burnham-on-Sea |
| Limited(The) (Registered number: 00446585) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary share capital | 1 | 44,000 | 44,000 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2025 |
| Property revaluation | (7,750 | ) |
| At 31 March 2026 |
| The revaluation reserve represents the excess in fair value of the Caravan Park over and above historic cost. Deferred tax is provided on all revaluations on the basis that tax will not become payable on these gains until they crystalise on sale. |
| 10. | RELATED PARTY DISCLOSURES |
| During the year Mr R B W Jackson received dividends of £7.20 (2025 - £6.00) and Mrs R A Jackson received dividends of £6.00 (2025 - £5.00). |
| During the year the parent entity, Sundale Limited, received dividends of £52,786.80 (2025 - £43,989.00). |
| 11. | PARENT COMPANY |
| In the opinion of the directors the company's parent company is Sundale Limited, a company incorporated in the Isle of Man. The registered office of Sundale Limited is 8 St. George's Street, Douglas, Isle of man, IM1 1AH. |
| Sundale Limited is not required to prepare consolidated financial statements. |
| The Trustees of IMD Jackson Discretionary Settlement Trust, Hawksford Jersey Limited, are considered to be the ultimate controlling parties of Sundale Limited. |