ITEM 3. sig. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? Price $2,000 plus the transfer fee (as charged by 1000 Trails ), Email Paul@PaulJMurrayCPA.com; phone 407 739 5151. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). Text msgs. The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. DISCLOSURE CONCERNING WEBSITE ACCESS TO COMPANY REPORTS. RV servicing you'll find at Pismo Coast Village RV Resort includes propane gas, RV wash and wax, service calls on site, winterization services and preventative maintenance. See more of Pismo Coast Village on Facebook Working capital increased to $5,041,669 at the end of the second quarter of fiscal year 2021, compared with $4,288,675 at the end of fiscal year 2020, and $3,118,195 at quarter end March 31, 2020. Resort amenities create a truly memorable stay. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. Revenue from performance obligations satisfied at a point in time consists of sales related to the Company accommodations and other ancillary goods and services at the location in Pismo Beach, California. As of March 31, 2021, September 30, 2020, and March 31, 2020, the Companys deferred tax liability was $375,400 $423,100 and $435,600, respectively. If you have a disability that is preventing you from experiencing this STATEMENTS OF OPERATIONS AND RETAINED EARNINGS, THREE AND SIX MONTHS ENDED MARCH 31, 2021 AND 2020, Change in unrealized holding gains on available-for-sale securities, net of change in applicable deferred taxes. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. Choose from a variety of sumptuous restaurants ranging from bar and grill establishments to farm-to-table places, or even small cafes for a more intimate dining experience. Search for. In March of 2020 there was a negative impact on paid occupancy, while the quarter ending March 31, 2021 reflects a 28% increase in paid occupancy over 2020. RV storage provides numerous benefits to the customer including: no stress of towing, no need to own a tow vehicle, use of RV by multiple family members, and convenience. Make time to visit Dinosaur Caves Park and Spyglass Park to make the most of the views, rock formations and the wildflowers on the bluffs. The loan, which was in the form of a note dated April 28, 2020 issued by the borrower, matures on April 28, 2022 and bears interest at a rate of 0.98% per annum, payable monthly commencing on November 28, 2020. A Pismo Beach timeshare lets you enjoy all your favorite activities at your leisure. and consent for Timeshare Broker Associates to send me offers at the above phone number. MARCH 31, 2021 AND 2020 AND SEPTEMBER 30, 2020, Net of accumulated depreciation and Amortization, Current portion of capital lease obligations, Capital lease obligations, net of current portion, Common stock no par value, 1,800 shares issued, 1,775 and 1775 shares outstanding at March 31, 2021 and 2020, respectively, Total Liabilities and Stockholders Equity. I give my elec. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . Copyright 2023 North Santa Barbara County Regional MLS. Call 603-883-8626 or 1-800-640-6886 for assistance. Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. Head out of your timeshare to go ATV riding along sand dunes for great pictures and for a memorable day. This decrease in expense primarily reflects labor, workers compensation, repairs and maintenance, and legal fees. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. Refunds related to services are generally recognized as an adjustment to the transaction price at the time the resort stay occurs or services are rendered. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the "1934 Act"), as of March 31, 2021, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. Accounts payable and accrued liabilities decreased $2,885 below the same period last year and decreased $314 since the 2020 fiscal year end, which reflects a timing of capital projects and accrued property taxes. You are one of the 1800 owners. to receive alerts when results become available. and consent for BuyATimeShare and. Copyright 2023 RV Property. It is the policy of management to review the outstanding accounts receivable at year-end, as well as historical bad debt write-offs, and establish an allowance for doubtful accounts for estimated uncollectible accounts. Pismo Coast Village RV Resort Timeshare Resales 165 South Dolliver Street, Pismo Beach, California, 93449, United States Sell Your Timeshare Timeshares For Sale Get Price Alerts Make Offer Prev Next Situated midway between San Francisco and Los Angeles in beautiful Pismo Beach, Pismo Coast Village RV Resort needs only to be seen to be appreciated. Income from retail operations for the three-month period ended March 31, 2021, increased $39,813, or 16.9%, above the same period in 2020. All rights reserved. For the six-months ended March 31, 2021, income before provisions for income tax increased by $719,929, reflecting increased total income and decreased operating expenses. Finally, the Company collects Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments from guests which are remitted to the City of Pismo Beach and County of San Luis Obispo and are excluded from revenues. Revenue from site rentals, storage rental, spotting, and store and accessory sales accounts for approximately 62%, 17%, 5%, and 14% of the Company total revenue for the period ended March 31, 2021, respectively. . When it first. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. and consent for Timeshare Broker Associates to send me offers at the above phone number. sig. The Company's current cash position, as of March 31, 2021, is $8,156,893, which is 58.9% more than the same position in 2020. Popular pastimes in the area include surfing, kayaking and dune buggy rides. 2022 Annual Report: This report is an analysis which discusses the Company's financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf Call 603-883-8626 or 1-800-640-6886 for assistance. Dues have been paid currently so no past due dues all 1000 Trail and NACO campgrounds. YES [ ] NO [X], APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY. MLS# SP20219611. Historically the Company, because of its seasonal market, has produced 60% to 65% of its revenue during the third and fourth quarters of the fiscal year, with more than 40% being produced during the fourth quarter. There are several resorts you can use with this membership. Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. Willow Bay Resort and Marina, on Long Lake, Tum Tum, sig. Download Brochure, RV Storage [ ] Large accelerated filer [ ] Accelerated filer, [X] Non-accelerated filer [X] Smaller reporting company, Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Retail revenue, and specifically General Store revenue increased 36.0%, above the same period ended March 31, 2020 due to increased occupancy. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. All Rights Reserved. A balance of $83,938 is available if the Company requires additional funding from the line of credit. Total depreciation and amortization expense was $198,568 and $204,700 for the six months ended March 31, 2021 and 2020, respectively, and $98,687 and $101,602 for the three months ended March 31, 2021 and 2020, respectively. and consent for BuyATimeShare and, Sign up to be alerted when inventory becomes available. This seems high but it's not a membership. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made herein. A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,147, including interest at 4.644% per annum, through September 2024. Copyright 2023 California Regional Multiple Listing Service, Inc. All rights reserved. The Company continues to promote and depend upon recreational vehicle camping as the primary source of revenue. Company profile page for Pismo Coast Village Inc including stock price, company news, press releases, executives, board members, and contact information But it's not a timeshare. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, Interest Expense for the three-months ended March 31, 2021, is $3,985, compared to $4,801 for the same period in 2020. https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf, https://www.sec.gov/cgi-bin/browse-edgar?company=pismo+coast+village&CIK=&State=&SIC=&action=getcompany, Reservations SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS, Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer). You can use WHR for 2 weeks in and 1 week out all year long. Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. FASB ASC 740 also requires, among other things, the recognition and measurement of uncertain tax positions based on a "more likely than not" (likelihood greater than 50%) approach. I also agree to the, I give my elec. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. Although the Company does not maintain any uncertain tax positions, tax returns remain subject to examination by the Internal Revenue Service for fiscal years ending on or after September 30, 2018 and by the California Franchise Tax Board for fiscal years ending on or after September 30, 2017. We post our most recent filings with the Securities and Exchange Commission (SEC) here. The information furnished reflects all adjustments, which, in the opinion of management, are necessary to a fair statement of the results for the interim periods. ASC 740 requires, among other things, that if income is expected for the entire year, but there is a net loss to date, a tax benefit is recognized based on the annual effective tax rate. At March 31, 2021, September 30, 2020, and March 31, 2020, property and equipment included the following: NOTE 3: PROPERTY AND EQUIPMENT (continued), Furniture, fixtures, equipment and leasehold improvements. THE BASICS OF SHARE TRANSFERS THE BASICS OFSHARE TRANSFERS Pismo Coast VillageCorporate Office rv@pismocoastvillage.com (805) 773-5649165 S. DolliverPismo Beach, CA 93449 PCV SHAREHOLDER Maybe your family spent summers at Pismo Coast Village, and you want to bequeath your share to your children. Enter your details below to be emailed when inventory matching your specifications becomes available. Information deemed reliable but not guaranteed. Your browser is out of date or unsupported. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. The Company does not expect any material changes through March 31, 2022. Topic 606 supersedes the revenue recognition requirements in FASB ASC 605, Revenue Recognition, and requires the recognition of revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods or services. In response, the County of San Luis Obispo followed by the Governor of California issued a Shelter at Home order effective March 19, 2020, requiring certain non-essential businesses to temporarily close to the public. Both parks have low yearly . The new guidance also added Subtopic 340-40, Other Assets and Deferred Costs-Contracts with Customers, to the ASC to require the deferral of incremental costs of obtaining a contract with a customer. To the north of the pier, visitors explore the Shell Beach neighborhood. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. Expand your search parameters, or consider Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, PCVs financial information is always readily available for your review. The accompanying notes are an integral part of these financial statements. Camp for free at beautiful resort at Gettysburg historic area. Visit a local winery to sample locally made wines. and consent for BuyATimeShare and. Your browser is not currently supported. Stays at preserves can be reserved 90 days in advance and can be up to 14 days. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. Pismo Coast Village RV Resort Timeshares for Sale WorldMark Pismo Beach 100 Ocean View Ave., Pismo Beach, California, 93449 Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Income from resort operations for the three-month period ended March 31, 2021, increased $340,980, or 24.1%, above the same period in 2020. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright 2023 laws. The Company has also maintained a line of credit of $500,000 to ensure funds will be available, if required. Will sell for $5,000, including transfer fee of $700. This park does allow outside guests. Inventory has been valued at the lower of cost or market on a first-in, first-out basis. Certain information included herein contains statements that may be considered forward-looking statements, such as statements relating to anticipated expenses, capital spending and financing sources. Statements of Income and Retained Earnings, 5. Rentals Details: 170 Branch St # 374, Pismo Beach, CA 93449-3428 is an apartment unit listed for rent at /mo.The 900 sq. Revenue primarily consists of recreational camping space rentals, revenue from recreational vehicle storage space and RV service and repairs, food and beverage sales and other ancillary goods and services. This increase is primarily due to an increase in income, rental deposits, and decrease in capital expenditures. Or take a look at some other properties nearby, Copyright 2023 - Official BUY A TIMESHARE - Vacation Property Resales Inc - All Rights Reserved Terms and ConditionsSMS Terms and ConditionsPrivacy PolicyCompliance. 2022 Annual Report: This report is an analysis which discusses the Companys financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, Companys Code of Ethics: This codes covers a wide range of business practices and procedures. Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial statements for them to be in conformity with accounting principles generally accepted in the United States of America. Consent not required for purchase. The resort can supply information on the area's attractions and amenities such as 100 Ocean View Ave., Pismo Beach, California, United States. It is the policy of the Company to consistently classify interest and penalties associated with income tax expense separately from the provision for income taxes, and accordingly no interest or penalties associated with income taxes have been included in this calculation, or separately in the Statement of Operations and Retained Earnings. Look for ocean views from a furnished balcony where you can enjoy a breakfast that you prepared in the full kitchen. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. (805) 773-1811 Your new yearly membership fee is $500. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. and Stockholders of Pismo Coast Village, Inc. 2 Baths. We have reviewed the balance sheets of Pismo Coast Village, Inc., (the Company) as of March 31, 2021 and 2020, and the related statements of operations, and statement of changes in stockholders equity for the six-month periods ended March 31, 2021 and 2020, and statements of cash flows for the six-month periods then ended, and the related notes (collectively referred to as the interim financial statements). sig. 3. For the six-month period ended March 31, 2021, compared to the same period in 2020, interest expense was $8,076 and $10,940, respectively. 165 South Dolliver Street, Pismo Beach, California, 93449, United States. Due to the uncertainty surrounding the recent COVID-19 pandemic, the length and severity of the outbreak, and the volatility in the world investment markets, there is uncertainty as to how these events will affect results of the Companys operations going forward. Pismo Beach timeshares can promise ocean views and all of the comforts of home. Management continues to review and scrutinize expenses in order to maximize efficiency and profitability. RV servicing you'll find at Pismo Coast Village RV Resort includes propane gas, RV wash and wax, service calls on site, winterization services and preventative maintenance. However, the Company experienced minimal impact from the COVID-19 pandemic during the period ended March 31, 2021. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Call 603-883-8626 or 1-800-640-6886 for assistance. Take a ride on a biplane along the scenic coast for more memory-making fun times. PISMO COAST VILLAGE share $31,000 OBO Very desirable, beachfront RV campground in Pismo Beach, California 714-838-3377 MFS010316JMAC-PISMO BEACH, CA ADVANCE RESORTS OF AMERICA, INC "The Waterfront Resort Company" Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, Enter your details below to be emailed when inventory matching your specifications becomes available. 100 Ocean View Ave., Pismo Beach, California, 93449. Toll Free: 877-624-6889. Revenue is then recognized when the customer stays at the resort. Increases in transportation and fuel costs or sustained recessionary periods could also unfavorably impact future results. The shares are personal property and do not constitute an interest in real property. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. RV Services RV storage and towing continue to be a primary source of revenue for the Company and is even year-to-date compared to last year. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Fresh seafood is one of the favorite local cuisines to enjoy. Resort Operations Income for the six-months ended March 31, 2021, increased $548,348, or 18.5%, from the same period ended March 31, 2020. It is anticipated the published rates will continue to market site usage at its highest value and not negatively impact the Company's ability to capture an optimum market share. Additional revenues come from RV storage and spotting, RV service and repair, on-site convenience store, and other ancillary activities such as laundromat, arcade, and bike rental. More information about cookies can be found in our. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. Each office independently owned and operated. If you want to avoid the crowds, then visit Pismo Beach in the winter. Shoulder seasons are in fall and spring, with October being a popular month to see the annual migration of monarch butterflies happening at the Butterfly Habitat on the North End of Pismo State Beach. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. With a Pismo Beach timeshare, any time of year creates brilliant opportunities to enjoy this California coastal paradise. Motor home sold makes this membership available. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. cchris1981@verizon.net. Really good price. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Really nice package for price. Generous square footage, luxurious linens and indulgent mattresses ensure a remarkable experience. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. and consent for Timeshare Broker Associates and. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf.