Willowbank Holiday Park Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03589095 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

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 Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

FIXED ASSETS

Intangible assets

2

700,000

800,000

Tangible assets

3

2,767,260

2,788,272

3,467,260

3,588,272

CURRENT ASSETS

Stocks

47,022

25,678

Debtors

25,997

33,902

Cash at bank

245,295

239,564

318,314

299,144

CREDITORS

Amounts falling due within one year

4

355,479

472,139

NET CURRENT LIABILITIES

(37,165

)

(172,995

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,430,095

3,415,277

CREDITORS

Amounts falling due after more than one
year

4

(1,019,933

)

(1,139,972

)

PROVISIONS FOR LIABILITIES

(11,282

)

(12,679

)

NET ASSETS

2,398,880

2,262,626

CAPITAL AND RESERVES

Called up share capital

5

500,000

Profit and loss account

1,898,880

1,762,626

SHAREHOLDERS' FUNDS

2,398,880

2,262,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 17 August 2017 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 January 2015).

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 2015

and 30 November 2016

2,000,000

AMORTISATION

At 1 December 2015

1,200,000

Amortisation for year

100,000

At 30 November 2016

1,300,000

NET BOOK VALUE

At 30 November 2016

700,000

At 30 November 2015

800,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

3,065,742

Additions

9,408

At 30 November 2016

3,075,150

DEPRECIATION

At 1 December 2015

277,470

Charge for year

30,420

At 30 November 2016

307,890

NET BOOK VALUE

At 30 November 2016

2,767,260

At 30 November 2015

2,788,272

4.

CREDITORS

Creditors include an amount of £ 1,135,717 (2015 - £ 1,243,188 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

546,997

723,148

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

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.