Lickhill Manor Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00449956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LICKHILL MANOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Lloyd Jones

K E Lloyd Jones

SECRETARY:

D G Lloyd Jones

REGISTERED OFFICE:

Lincomb Lock

Titton

Stourport on Severn

Worcestershire

DY13 9QR

REGISTERED NUMBER:

00449956 (England and Wales)

ACCOUNTANTS:

Crowe Clark Whitehill LLP

Chartered Accountants

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

620,335

532,023

620,335

532,023

CURRENT ASSETS

Stocks

195,323

190,288

Debtors

6

31,620

43,880

Cash at bank and in hand

253,458

358,200

480,401

592,368

CREDITORS

Amounts falling due within one year

7

608,078

669,004

NET CURRENT LIABILITIES

(127,677

)

(76,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

492,658

455,387

PROVISIONS FOR LIABILITIES

6,428

1,862

NET ASSETS

486,230

453,525

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

485,630

452,925

SHAREHOLDERS' FUNDS

486,230

453,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 December 2017 and were signed on its behalf by:

D G Lloyd Jones - Director

1.	STATUTORY INFORMATION

Lickhill Manor Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors have reviewed the ongoing trading position in light of the financing of the

acquisition of the additional parks (see note 9) and have a reasonable expectation that the

company has adequate resources to continue in operational 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.

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% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

100,000

AMORTISATION

At 1 April 2016

and 31 March 2017

100,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Land and

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

643,585

279,061

71,653

994,299

Additions

86,495

57,293

-

143,788

Disposals

-

(5,255

)

-

(5,255

)

At 31 March 2017

730,080

331,099

71,653

1,132,832

DEPRECIATION

At 1 April 2016

167,136

237,196

57,944

462,276

Charge for year

18,261

23,506

13,709

55,476

Eliminated on disposal

-

(5,255

)

-

(5,255

)

At 31 March 2017

185,397

255,447

71,653

512,497

NET BOOK VALUE

At 31 March 2017

544,683

75,652

-

620,335

At 31 March 2016

476,449

41,865

13,709

532,023

At 31 March 2017, included within the net book value of land and buildings is £526,132

(2016: £448,170) relating to freehold land and buildings and £17,055 (2016: £28,279)

relating to long term leasehold land and buildings.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

30,410

42,673

Other debtors

1,210

1,207

31,620

43,880

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Payments on account

399,671

405,960

Trade creditors

43,720

49,926

Corporation tax

38,012

32,884

VAT

4,645

33,184

Owed to connected parties

431

37,012

Other creditors

284

-

Directors' loan accounts

-

24,100

Accruals and deferred income

121,315

85,938

608,078

669,004

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

47,000

47,000

9.	POST BALANCE SHEET EVENTS

After the balance sheet date, on 30 May 2017, the company acquired a 100% shareholding

in Hillandale Caravan Finance Limited. Following the acquisition, all 5 trading parks in

Hillandale were transferred to Lickhill Manor Limited

10.	CONTROLLING PARTY

The controlling party is D G Lloyd Jones.

11.

PENSIONS

The company operates a defined contribution pension scheme. £284 (2016: £Nil) was due to

the pension scheme as at the balance sheet date.

12.	FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially

different to FRS 102 and have not impacted on equity or profit and loss.