REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2021 |
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OLIVE TREE CARAVAN & CAMPING PARK LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2021 |
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FOR |
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OLIVE TREE CARAVAN & CAMPING PARK LTD |
OLIVE TREE CARAVAN & CAMPING PARK LTD (REGISTERED NUMBER: 11006418) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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OLIVE TREE CARAVAN & CAMPING PARK LTD |
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COMPANY INFORMATION |
for the Year Ended 31 October 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
OLIVE TREE CARAVAN & CAMPING PARK LTD (REGISTERED NUMBER: 11006418) |
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STATEMENT OF FINANCIAL POSITION |
31 October 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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OLIVE TREE CARAVAN & CAMPING PARK LTD (REGISTERED NUMBER: 11006418) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 October 2021 |
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1. | STATUTORY INFORMATION |
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Olive Tree Caravan & Camping Park Ltd is a
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2. | ACCOUNTING POLICIES |
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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. |
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The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
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The principle accounting policies adopted in the preparation of the financial statements are set out below. |
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Turnover |
Turnover represents the net invoiced value of rents received. |
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Turnover from rents received is recognised upon receipt of the booking and payment. |
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Tangible fixed assets |
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The useful economic life of the land is considered to be infinite, therefore, no depreciation is charged. |
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Financial instruments |
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments. |
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The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts, trade creditors, bank loans and accruals. |
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Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan accounts, trade creditors, bank loans and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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OLIVE TREE CARAVAN & CAMPING PARK LTD (REGISTERED NUMBER: 11006418) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 October 2021 |
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4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 November 2020 |
and 31 October 2021 |
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NET BOOK VALUE |
At 31 October 2021 |
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At 31 October 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed by associates |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed to associates | 219,015 | - |
Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Included in Other creditors (Note 5) is £230,000 due to Heathfield Manor Park Ltd a company registered in England and Wales under common control. |
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There are no fixed repayment terms and no interest is being charged on the balance. |