Ladram Bay Caravans Limited Small abridged accounts

Statement of Consent to Prepare Abridged Financial Statements

All of the members of Ladram Bay Caravans Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08745396

Ladram Bay Caravans Limited

Unaudited Abridged Financial Statements

31 December 2016

Ladram Bay Caravans Limited

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Director's report	1

Report to the director on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of income and retained earnings	3

Abridged statement of financial position	4

Notes to the abridged financial statements	5

The following pages do not form part of the abridged financial statements

Detailed abridged income statement	8

Notes to the detailed abridged income statement	9

Ladram Bay Caravans Limited

Director's Report

Year ended 31 December 2016

The director presents his report and the unaudited abridged financial statements of the company for the year ended 31 December 2016 .

Director

The director who served the company during the year was as follows:

Mr N B Newman

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 September 2017 and signed on behalf of the board by:

Mr N B Newman	N B Newman
Director	Company Secretary

Registered office:

72 Cranford Avenue

Exmouth

Devon

EX8 2QF

Ladram Bay Caravans Limited

Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Ladram Bay Caravans Limited

Year ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Ladram Bay Caravans Limited for the year ended 31 December 2016, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

SOUTHON & CO

6 The Parade Chartered Certified Accountants Exmouth Devon EX8 1RL

28 September 2017

Ladram Bay Caravans Limited

Abridged Statement of Income and Retained Earnings

Year ended 31 December 2016

	2016	2015
Note	£	£
Gross profit	81,154	62,643

Administrative expenses	92,414	34,581
	--------	--------
Operating (loss)/profit	( 11,260)	28,062

Other interest receivable and similar income	52	–
	--------	--------
(Loss)/profit before taxation	( 11,208)	28,062

Tax on (loss)/profit	–	5,612
	--------	--------
(Loss)/profit for the financial year and total comprehensive income	( 11,208)	22,450
	--------	--------

Retained earnings at the start of the year	25,188	2,738
	--------	--------
Retained earnings at the end of the year	13,980	25,188
	--------	--------

All the activities of the company are from continuing operations.

Ladram Bay Caravans Limited

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Current assets

Debtors	3,318	1
Cash at bank and in hand	34,105	56,078
	--------	--------
	37,423	56,079

Creditors: amounts falling due within one year	23,442		30,890
	--------		--------
Net current assets		13,981	25,189
		--------	--------
Total assets less current liabilities		13,981	25,189
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	13,980	25,188
	--------	--------
Members funds	13,981	25,189
	--------	--------

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 28 September 2017 , and are signed on behalf of the board by:

Mr N B Newman
Director

Company registration number: 08745396

Ladram Bay Caravans Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 72 Cranford Avenue, Exmouth, EX8 2QF, Devon.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2016	2015
	£	£
Mr N B Newman	–	1
	----	----

5. Related party transactions

The amount due to Brean Sands Limited,a fellow subsidiary, at the year end was £6707 (2015-£6707)

6. Controlling party

The Ultimate Parent Company was N H H Holdings(UK)Limited.

7. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.

Ladram Bay Caravans Limited

Management Information

Year ended 31 December 2016

The following pages do not form part of the abridged financial statements.

Ladram Bay Caravans Limited

Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£
Turnover	81,154	62,643

	--------	--------
Gross profit	81,154	62,643

Overheads

Administrative expenses

Management fees	55,292	3,525
Insurance	–	447
Repairs and maintenance (allowable)	2,389	2,092
Cleaning costs	10,676	9,583
Sundry expenses	13	26
Advertising	18,804	14,785
Financial costs	300	300
Bank charges	3,690	2,753
Accountancy fees	1,250	1,070
	--------	--------
	92,414	34,581

	--------	--------
Operating (loss)/profit	( 11,260)	28,062

Other interest receivable and similar income	52	–

	--------	--------
(Loss)/profit before taxation	(11,208)	28,062
	--------	--------

Ladram Bay Caravans Limited

Notes to the Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£

Other interest receivable and similar income

Interest on cash and cash equivalents	52	–
	----	----