Poulton Plaiz Leisure Park Ltd - Accounts to registrar (filleted) - small 23.2.5

Poulton Plaiz Leisure Park Ltd - Accounts to registrar (filleted) - small 23.2.5

POULTON PLAIZ LEISURE PARK LTD - Company Information

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REGISTERED NUMBER: 10368395 (England and Wales)












POULTON PLAIZ LEISURE PARK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023





Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD








POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POULTON PLAIZ LEISURE PARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







Director: Mr M P J McCarthy





Registered office: C/O Poulton Plaiz
Garstang Road West
POULTON-LE-FYLDE
FY6 8AR





Registered number: 10368395 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD
Page 1
POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,851,010 2,900,572

Current assets
Stocks 220,981 350,347
Debtors 5 1,962,277 908,790
Prepayments and accrued income 20,176 29,296
Cash at bank and in hand 778,698 962,096
2,982,132 2,250,529
Creditors
Amounts falling due within one year 6 1,093,622 581,066
Net current assets 1,888,510 1,669,463
Total assets less current liabilities 4,739,520 4,570,035

Creditors
Amounts falling due after more than one
year
7
(1,838,405
)
(2,037,909
)

Provisions for liabilities (59,177 ) (46,411 )

Accruals and deferred income (511,600 ) (520,835 )
Net assets 2,330,338 1,964,880

Capital and reserves
Called up share capital 2 2
Retained earnings 2,330,336 1,964,878
2,330,338 1,964,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2
POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

BALANCE SHEET - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





Mr M P J McCarthy - Director


The notes form part of these financial statements

Page 3
POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. Statutory information

Poulton Plaiz Leisure Park Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% Straight line
Plant and machinery etc - 25% on cost and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

Page 4
POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 February 2022 2,638,201 522,845 3,161,046
Additions 9,497 1,166 10,663
At 31 January 2023 2,647,698 524,011 3,171,709
Depreciation
At 1 February 2022 51,977 208,497 260,474
Charge for year 11,031 49,194 60,225
At 31 January 2023 63,008 257,691 320,699
Net book value
At 31 January 2023 2,584,690 266,320 2,851,010
At 31 January 2022 2,586,224 314,348 2,900,572

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 8,057 41,540
Amounts owed by participating interests 1,931,579 865,896
Other debtors 22,641 1,354
1,962,277 908,790

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 199,504 193,140
Trade creditors 30,756 14,338
Amounts owed to participating interests 422,634 279,271
Taxation and social security 98,170 94,317
Other creditors 342,558 -
1,093,622 581,066

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 1,838,405 2,037,909

Page 5
POULTON PLAIZ LEISURE PARK LTD (REGISTERED NUMBER: 10368395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,037,909 -

The loans are secured by fixed and floating charges on all of the property or undertaking of the company

Page 6