Willowbank Holiday Park Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03589095 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2013

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

1,000,000

1,100,000

Tangible assets

3

2,698,195

2,700,118

3,698,195

3,800,118

CURRENT ASSETS

Stocks

18,750

23,143

Debtors

36,988

35,113

Cash at bank

17,454

-

73,192

58,256

CREDITORS

Amounts falling due within one year

4

626,674

703,214

NET CURRENT LIABILITIES

(553,482

)

(644,958

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,144,713

3,155,160

CREDITORS

Amounts falling due after more than one year

4

(1,344,783

)

(1,444,611

)

PROVISIONS FOR LIABILITIES

(3,431

)

(3,570

)

NET ASSETS

1,796,499

1,706,979

CAPITAL AND RESERVES

Called up share capital

5

500,000

500,000

Profit and loss account

1,296,499

1,206,979

SHAREHOLDERS' FUNDS

1,796,499

1,706,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 21 August 2014 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 2012

and 30 November 2013

2,000,000

AMORTISATION

At 1 December 2012

900,000

Amortisation for year

100,000

At 30 November 2013

1,000,000

NET BOOK VALUE

At 30 November 2013

1,000,000

At 30 November 2012

1,100,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

2,927,352

Additions

15,365

At 30 November 2013

2,942,717

DEPRECIATION

At 1 December 2012

227,234

Charge for year

17,288

At 30 November 2013

244,522

NET BOOK VALUE

At 30 November 2013

2,698,195

At 30 November 2012

2,700,118

4.

CREDITORS

Creditors include an amount of £ 1,444,715 (2012 - £ 1,570,935 ) for which security has been given.

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

2013

2012

£

£

Repayable by instalments

928,735

975,843

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

500,000

Ordinary

£1

500,000

500,000

6.	ULTIMATE CONTROLLING PARTY

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