Willowbank Holiday Park Limited - Accounts to registrar (filleted) - small 18.2
Willowbank Holiday Park Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 November 2019 |
| for |
| Willowbank Holiday Park Limited |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Willowbank Holiday Park Limited |
| Company Information |
| for the Year Ended 30 November 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Eva Lett House |
| 1 South Crescent |
| Ripon |
| North Yorkshire |
| HG4 1SN |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Balance Sheet |
| 30 November 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| 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. |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Balance Sheet - continued |
| 30 November 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2019 |
| 1. | STATUTORY INFORMATION |
| Willowbank Holiday Park Limited is a |
| 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 |
| 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 |
| 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 |
| Freehold Property | - |
| Plant and Machinery | - |
| Motor Vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2018 |
| and 30 November 2019 |
| AMORTISATION |
| At 1 December 2018 |
| Charge for year |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Wardens | Plant and | Motor |
| Property | Accommodation | Machinery | Vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2018 |
| Additions |
| At 30 November 2019 |
| DEPRECIATION |
| At 1 December 2018 |
| Charge for year |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| Included in cost of land and buildings is freehold land of £ 2,101,777 (2018 - £ 2,101,777 ) which is not depreciated. |
| 6. | DEBTORS |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year: |
| Trade Debtors |
| Prepayments and Accrued Income |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade Creditors |
| Taxation |
| Other Taxes and PAYE |
| Accruals and Deferred Income | 97,537 | 106,040 |
| Directors' current accounts | 45,496 | 27,516 |
| Willowbank Holiday Park Limited (Registered number: 03589095) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank Loans - 2-5 Years |
| Bank Loan Over 5 Years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank Loan Over 5 Years | - | 88,315 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| The National Westminster Bank hold a floating charge over all the assets of the company and first mortgage over |
| Willowbank Caravan Park and all other fixed assets of the company. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the Darling family being the directors RH, JA and RS Darling. |