Lickhill Manor Limited - Accounts to registrar (filleted) - small 18.2
Lickhill Manor Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| LICKHILL MANOR LIMITED |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LICKHILL MANOR LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Black Country House |
| Rounds Green Road |
| Oldbury |
| West Midlands |
| B69 2DG |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| BALANCE SHEET - continued |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| 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 on signed on its behalf by: |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Lickhill Manor Limited is a |
| Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors have reviewed the ongoing cash and trading position taking into account the |
| servicing of bank debt and have a reasonable expectation that the company has adequate |
| resources to continue in operational existence for the foreseeable future. They continue to |
| believe the going concern basis appropriate in preparing the annual financial statements. |
| Turnover |
| Turnover comprises revenue recognised by the company in respect of goods and services |
| supplied during the year, exclusive of Value Added Tax and trade discounts. |
| Where holiday homes are sold on deferred terms, this is funded via a loan in Hillandale |
| Caravan Finance Limited. If the loan is at an interest rate below market rate, the value of the |
| sale is reduced to fair value. All the resulting interest is recognised over the term of the loan |
| in Hillandale Caravan Finance Limited. |
| Turnover regarding holiday home fees are recognised over the term of pitch licence |
| agreement. |
| Turnover for touring fees is recognised upon the specific date services are provided. |
| Recharges of holiday home related costs and miscellaneous income are recognised at the |
| date the services or goods are supplied. |
| Intangible fixed assets |
| Goodwill is the difference between amounts paid on the acquisition of a business and the fair |
| value of the identifiable assets and liabilities. It is amortised on a straight line basis to the |
| Profit and loss account over its estimated economic life of 10 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. |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| Goodwill | software | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| AMORTISATION |
| At 1 April 2018 |
| Amortisation for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Land and | Plant and | Motor |
| buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| At 31 March 2019, included within the net book value of land and buildings is £2,398,821 |
| (2018: £1,782,865) relating to freehold land and buildings and £6,904 (2018: £13,169) |
| relating to long term leasehold land and buildings. |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2018 |
| Disposals | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Payments on account |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Owed to connected parties |
| Other creditors | 29,371 |
| Directors' loan accounts | 200,020 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans - 2-5 years |
| Bank loans more than 5 years |
| by installments |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years |
| by installments | 2,658,488 | 2,860,887 |
| 2,658,488 | 2,860,887 |
| The bank loan is secured on fixed charges over the land at certain parks and on fixed and |
| floating charges over all property and undertakings of the company. |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | CONTROLLING PARTY |
| The controlling party is D G Lloyd Jones. |
| 12. | PENSIONS |
| The company operates a defined contribution pension scheme. £2,661 (2018: £928) was |
| due to the pension scheme as at the balance sheet date. |