Willowbank Holiday Park Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03589095 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2015

for

Willowbank Holiday Park Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R H Darling

Mrs J A Darling

R S Darling

SECRETARY:

Mrs J A Darling

REGISTERED OFFICE:

Ash House

Catterick Bridge

Richmond

NORTH YORKSHIRE

REGISTERED NUMBER:

03589095 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

P O Box 55

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1XW

FIXED ASSETS

Intangible assets

2

800,000

900,000

Tangible assets

3

2,788,272

2,707,421

3,588,272

3,607,421

CURRENT ASSETS

Stocks

25,678

51,187

Debtors

33,902

32,156

Cash at bank

239,564

-

299,144

83,343

CREDITORS

Amounts falling due within one year

4

472,139

557,896

NET CURRENT LIABILITIES

(172,995

)

(474,553

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,415,277

3,132,868

CREDITORS

Amounts falling due after more than one
year

4

(1,139,972

)

(1,245,588

)

PROVISIONS FOR LIABILITIES

(12,679

)

(4,998

)

NET ASSETS

2,262,626

1,882,282

CAPITAL AND RESERVES

Called up share capital

5

500,000

Profit and loss account

1,762,626

1,382,282

SHAREHOLDERS' FUNDS

2,262,626

1,882,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2016 and were
signed on its behalf by:

R H Darling - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold Property

-

2% on cost

Plant and Machinery

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

2,000,000

AMORTISATION

At 1 December 2014

1,100,000

Amortisation for year

100,000

At 30 November 2015

1,200,000

NET BOOK VALUE

At 30 November 2015

800,000

At 30 November 2014

900,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

2,968,083

Additions

114,159

Disposals

(16,500

)

At 30 November 2015

3,065,742

DEPRECIATION

At 1 December 2014

260,662

Charge for year

16,808

At 30 November 2015

277,470

NET BOOK VALUE

At 30 November 2015

2,788,272

At 30 November 2014

2,707,421

4.

CREDITORS

Creditors include an amount of £ 1,243,188 (2014 - £ 1,366,115 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

723,148

835,348

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

500,000

Ordinary

£1

500,000

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Darling family being the directors RH, JA and RS Darling.