Porthtowan Tourist Park Limited
|
Registered Number
:
10562873
|
For the year ended 31 March 2019
England and Wales
Unaudited Report and Financial Statements
For the year ended 31 March 2019
Porthtowan Tourist Park Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Porthtowan Tourist Park Limited
Statement of Financial Position
2018
2019
60,000
67,500
2
Property
,
plant and equipment
|
55,219
41,439
3
115,219
108,939
Trade and other receivables
|
8,974
2,099
4
75,115
Cash and cash equivalents
|
132,006
134,105
84,089
Trade and other payables
:
amounts falling due within one year
|
(141,039)
(217,237)
5
(56,950)
(83,132)
Net current liabilities
Total assets less current liabilities
|
32,087
51,989
(3,878)
(4,962)
Provisions for liabilities
|
28,209
Net assets
47,027
100
100
28,109
46,927
28,209
47,027
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Andrew McKenzie Director
|
Mrs Angela McKenzie Director
|
These financial statements were approved and authorised for issue by the Board on 20 September 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2019
Porthtowan Tourist Park Limited
Notes to the Financial Statements
Statutory Information
Porthtowan Tourist Park Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
10562873
.
|
Mile Hill
Porthtowan
Truro
Cornwall
TR4 8TY
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Property costs
Motor Vehicles
Fixtures and fittimgs
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand
,
demand deposits with banks and other short
-
term highly liquid
|
investments with original maturities of three months or less and bank overdrafts
.
In the statement of financial position
,
bank
|
overdrafts are shown within borrowings or current liabilities
.
|
Short term debtors and creditors
Debtors and creditors receivable or payable within one year are recorded at transaction price
.
Any losses arising from
|
impairment are recognised in profit and loss account
.
|
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event
,
it is probable
|
that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated
.
|
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For the year ended 31 March 2019
Porthtowan Tourist Park Limited
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
75,000
75,000
7,500
7,500
Charge for year
15,000
60,000
67,500
Goodwill is being written off over 10 years.
3
.
Property
,
plant and equipment
|
Motor Vehicles
Property costs
50,414
21,589
13,500
15,325
20,191
-
-
20,191
35,516
13,500
21,589
70,605
Provision for depreciation and impairment
|
8,975
5,037
3,938
-
Charge for year
6,411
3,310
2,391
710
15,386
8,347
6,329
710
34,806
7,171
13,242
55,219
15,325
9,562
16,552
41,439
4
.
Trade and other receivables
|
2018
2019
2,099
8,974
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For the year ended 31 March 2019
Porthtowan Tourist Park Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
2,304
4,391
Taxation and social security
|
17,773
9,741
197,160
126,907
217,237
141,039
6
.
Guarantees and other financial commitments
|
Guarantees and contingent assets and liabilities
|
The company had no guarantees or commitments at the balance sheet date.
Capital commitments
There were no commitments for future capital expenditure at the balance sheet date.
The company makes defined employer contributions into a pension scheme in favour of the directors administered by Standard
|
Life
.
The assets of the scheme are held separately from those of the company
.
|
Pension commitments
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2018 : 2).
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