Orchard Holiday Home Park Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05324041 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

ORCHARD HOLIDAY HOME PARK LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

Mrs P F Smith

M Smith

Secretary:

Mrs P F Smith

Registered office:

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

Registered number:

05324041 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Orchard Holiday Home Park Limited for the year ended 31 January 2019 which comprise the

Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Orchard Holiday Home Park Limited, as a body, in accordance with the terms of our engagement letter dated 23 October 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Orchard Holiday Home Park Limited and state those matters that we have agreed to state to the Board of Directors of Orchard Holiday Home Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchard Holiday Home Park Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Orchard Holiday Home Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orchard Holiday Home Park Limited. You consider that Orchard Holiday Home Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Orchard Holiday Home Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Northside House

69 Tweedy Road

Bromley

Kent

BR1 3WA

29 October 2019

Fixed assets

Intangible assets

4

25,534

29,790

Tangible assets

5

89,596

82,369

115,130

112,159

Current assets

Stocks

-

3,500

Debtors

6

5,431

314

Cash at bank

13,533

21,846

18,964

25,660

Creditors

Amounts falling due within one year

7

69,417

84,015

Net current liabilities

(50,453

)

(58,355

)

Total assets less current liabilities

64,677

53,804

Provisions for liabilities

8

2,545

1,729

Net assets

62,132

52,075

Capital and reserves

Called up share capital

9

1

1

Retained earnings

62,131

52,074

Shareholders' funds

62,132

52,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 29 October 2019 and were signed on its behalf by:

Mrs P F Smith - Director

1.	Statutory information

Orchard Holiday Home 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried

out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate

as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried

out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is

carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as

accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately

prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Long leasehold

-

Straight line over 20 years

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party

to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2018 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2018

and 31 January 2019

85,118

Amortisation

At 1 February 2018

55,328

Amortisation for year

4,256

At 31 January 2019

59,584

Net book value

At 31 January 2019

25,534

At 31 January 2018

29,790

5.	Tangible fixed assets

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Cost

At 1 February 2018

92,673

67,480

5,000

165,153

Additions

8,274

8,911

-

17,185

At 31 January 2019

100,947

76,391

5,000

182,338

Depreciation

At 1 February 2018

21,037

57,637

4,110

82,784

Charge for year

5,047

4,688

223

9,958

At 31 January 2019

26,084

62,325

4,333

92,742

Net book value

At 31 January 2019

74,863

14,066

667

89,596

At 31 January 2018

71,636

9,843

890

82,369

6.

Debtors: amounts falling due within one year

31.1.19

31.1.18

£

£

Other debtors

5,000

-

VAT

431

1

Prepayments

-

313

5,431

314

7.

Creditors: amounts falling due within one year

31.1.19

31.1.18

£

£

Trade creditors

3,000

5,600

Amounts owed to group undertakings

60,142

67,600

Tax

3,725

3,945

Directors' current accounts

-

4,270

Accrued expenses

2,550

2,600

69,417

84,015

8.	Provisions for liabilities

31.1.19

31.1.18

£

£

Deferred tax

Accelerated capital allowances

2,545

1,729

Deferred

tax

£

Balance at 1 February 2018

1,729

Accelerated capital allowances

816

Balance at 31 January 2019

2,545

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

1

Ordinary share capital

£1

1

1