Eype House Caravan Park Limited - Period Ending 2015-12-31

Registration number: 04751930

Eype House Caravan Park Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Eype House Caravan Park Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Eype House Caravan Park Limited
(Registration number: 04751930)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					32,000			36,000
Tangible fixed assets					119,144			60,627
					151,144			96,627
Current assets
Stocks					2,847			5,160
Debtors					9,460			19,970
Cash at bank and in hand					47,840			55,571
					60,147			80,701
Creditors: Amounts falling due within one year					(48,950)			(55,983)
Net current assets					11,197			24,718
Total assets less current liabilities					162,341			121,345
Creditors: Amounts falling due after more than one year					(90,500)			(94,554)
Provisions for liabilities					(8,647)			(7,386)
Net assets					63,194			19,405
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					63,192			19,403
Shareholders' funds					63,194			19,405

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Eype House Caravan Park Limited
(Registration number: 04751930)
Abbreviated Balance Sheet at 31 December 2015
......... continued

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2016 and signed on its behalf by:

.........................................
Mr G Dannan
Director

.........................................
Mrs S Dannan
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Eype House Caravan Park Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold improvements	5% straight line
Caravans	10% straight line
Fixtures and fittings	15% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

Eype House Caravan Park Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2015		80,000			257,342			337,342
Additions		-			78,084			78,084
At 31 December 2015		80,000			335,426			415,426
Depreciation
At 1 January 2015		44,000			196,715			240,715
Charge for the year		4,000			19,567			23,567
At 31 December 2015		48,000			216,282			264,282
Net book value
At 31 December 2015		32,000			119,144			151,144
At 31 December 2014		36,000			60,627			96,627

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		14,554			17,654

Page 4

Eype House Caravan Park Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 5