Lickhill Manor Limited - Accounts to registrar (filleted) - small 23.2.5
Lickhill Manor Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| FOR |
| LICKHILL MANOR LIMITED |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LICKHILL MANOR LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Black Country House |
| Rounds Green Road |
| Oldbury |
| West Midlands |
| B69 2DG |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| BALANCE SHEET |
| 31 MARCH 2023 |
| 2023 | 2022 |
| 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)/ASSETS | ( |
) |
| 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 2023 |
| 2023 | 2022 |
| 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 and authorised for issue on |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| Lickhill Manor Limited is a |
| 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 operation 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 PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Land is not depreciated. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Government grants |
| Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. |
| Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| Goodwill | software | Totals |
| £ | £ | £ |
| COST |
| At 31 March 2022 |
| Additions |
| At 31 March 2023 |
| AMORTISATION |
| At 31 March 2022 |
| Amortisation for period |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 30 March 2022 |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Land and | Plant and | Motor |
| buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 31 March 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2023 |
| DEPRECIATION |
| At 31 March 2022 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 30 March 2022 |
| At 31 March 2023, included within the net book value of land and buildings is £4,707,635 (2022: £2,656,305) relating to freehold land and buildings and £35,567 (2022: £18,067) relating to long term leasehold land and buildings. |
| The net book value of assets held under finance leases or hire purchase contracts included above, are as follows: |
| 2023 | 2022 |
| £ | £ |
| Plant and machinery | - | 4,625 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 31 March 2022 |
| and 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 30 March 2022 |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors | 15,239 | 12,295 |
| VAT |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 10) |
| Payments on account |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors | 162,633 | 254,232 |
| Directors' loan accounts | 1,205,499 | 1,257,750 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more than 5 years |
| by installments |
| Hire purchase contracts (see note 10) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years |
| by installments | 2,545,747 | 1,939,289 |
| 2,545,747 | 1,939,289 |
| LICKHILL MANOR LIMITED (REGISTERED NUMBER: 00449956) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 31 MARCH 2022 TO 31 MARCH 2023 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 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. |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase | contracts |
| 2023 | 2022 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable | operating leases |
| 2023 | 2022 |
| £ | £ |
| 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. £6,596 (2022: £5,615) was due to the pension scheme as at the balance sheet date. |