INTERNAL CONTROL OVER FINANCIAL REPORTING. (CRMLS) 4 beds, 2.5 baths, 1641 sq. Site Map For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV Read More, There are hundreds of songs written about California. Similarly, visitors look forward to spend a few hours at the Avila Hot Springs where they can obtain a day pass to soak in the natural artesian mineral hot spring. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. $384 per month. and consent for Timeshare Broker Associates to send me offers at the above phone number. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Washington has a general store, restaurant, clubhouse, marina, gas dock and shower facilities. The Company does not disclose the value of unsatisfied performance obligations for contracts with an expected length of one year or less. #1 of 5 Specialty lodging in Pismo Beach. Unwind next to the swimming pool or in the hot tub before preparing dinner at one of the BBQ grills. ft. house located at 102 Village Cir, Pismo Beach, CA 93449 sold for $700,777 on Nov 24, 2020. All kids enjoy days at the beach strolling along sandy shores, digging for clams with a permit, playing sand volleyball, and building sand castles. Pismo Coast Village RV Resort Timeshare Resales Accordingly, actual results could differ from those estimates. These levels are well within the guidelines established by management for the individual category sales of RV supplies and General Store merchandise. Search Page General | SellMyTimeshareNow This expense primarily reflects financing for trucks used in the companys RV storage and towing operation. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer/General Manager (our principal executive officer) and our Chief Financial Officer (our principal financial officer). Your new yearly membership fee is $500. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. Cash payments received in advance of guests staying at the resort are refunded to guests if the guest cancels within the specified time period, before any services are rendered. The following financial statements and related information are included in this Form 10-Q, Quarterly Report. 2 Baths. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. Due to the COVID-19 the General Store was closed March 23, 2020 until June 12, 2020, while RV Service remained open during the crisis. Pismo Coast Village RV Resort. At March 31, 2021, September 30, 2020, and March 31, 2020, capital lease obligations consisted of the following: NOTE 5: CAPITAL LEASE OBLIGATIONS (continued). Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Text msgs. 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. All rights reserved. If the Company fails to complete the required public improvements, monies will be drawn from the credit line to satisfy the County. After 10 years of traveling we are selling our RV and settling in a mobile home park. CAPITAL RESOURCES AND PLANNED EXPENDITURES. However, the Company believes that its financial strength and market presence will enable it to remain extremely competitive. For purposes of the statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $6,098, $6,096 and $6,094 of cash equivalents. 1,775. It's a central gathering spot that reaches more than 1,000 feet across the Pacific. Please contact the Corporate Office for assistance at (805) 773-5649 or rv@pismocoastvillage.com. Walk along the Pismo Pier and stop to cast a line to catch red snapper, cod or even a thresher shark, with no license needed. On March 11, 2020, the World Health Organization declared the outbreak of a coronavirus (COVID-19) a pandemic. ** The Official Facebook Page of Pismo Coast Village RV Resort ** Beachfront 400 campsites full. Search Page General | SellMyTimeshareNow UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. Inventory is comprised primarily of finished goods in the general store and in the RV repair shop. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Principal payments on capital lease obligations, Net increase in cash and cash equivalents, Cash and Cash Equivalents Beginning of Period, Cash and Cash Equivalents End of Period. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. In our opinion, the information set forth in the accompanying balance sheet as of September 30, 2020, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived. 213 reviews. Golfers enjoy scenic courses with challenges for all skill levels. Very good. Pismo Bowl provides a fun and unique bowling experience on lanes that are among some of the oldest in California. Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year. We have moved to Southern California and need to sell our Harmony Ridge Resort membership, located in Nevada City, CA. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV resort, you can't go wrong at Pismo Coast Village RV Resort. Fresh seafood is one of the favorite local cuisines to enjoy. For nature inspired, ocean view, trendy camping experiences in a multiple award-winning RV resort, you can't go wrong at Pismo Coast Village RV Resort. these are still light compared to the summer high season when locals and tourists flock to the beautiful beaches. Timeshare accommodations include hotel-style rooms as well as multi-bedroom condos and villas. 165 South Dolliver Street, Pismo Beach, California, 93449, United States, experience a successful sale on the timeshare resale market. The public may read and copy any of the materials filed with the Securities and Exchange Commission on official business days during the hours of 10:00 a.m. to 3:00 p.m., at the SEC's Public Reference Room located at 100 F Street, N. E., Washington, D.C. 20549. The Company uses the asset-liability method of computing deferred taxes in accordance with ASC Income Taxes topic. [ ] 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). Search Page General | SellMyTimeshareNow As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $77,401, $71,145, and $30,266 in TOT and TBID assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the combined balance sheet, respectively. This park does allow outside guests. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. We are the leading timeshare resale marketplace and you can find the best deals from private owners selling timeshares at BuyaTimeshare.com. They currently have 6 or 7 shares available going for $32,550 each. 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. PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13, or 15 (d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Due to the nature of the business, the Companys revenue is not significantly impacted by refunds. Will sell for $5,000, including transfer fee of $700. and consent for Timeshare Broker Associates to send me offers at the above phone number. You can also share your RV campground experience with loved ones by authorizing their use of the RV. Employer contributions are discretionary and are determined on an annual basis. An authentic California beach town getaway is the perfect escape from the bustle of everyday life. When it first. MLS# SP20219611. 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. Each office independently owned and operated. 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). (805) 773-1811 A Pismo Beach timeshare lets you enjoy all your favorite activities at your leisure. Willow Bay Resort and Marina, on Long Lake, Tum Tum, Consent not required for purchase. Transfer fees: $550, payable to Harmony Ridge Resort. Each office is independently owned and operated. Sign up to receive the latest deals and updates! The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations. The Company expects the note payable to be forgiven. 102 Village Cir, Pismo Beach, CA 93449 | MLS# SP20219611 | Redfin 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. Enter your details below to be emailed when inventory becomes available. Transfer fee is included. Information deemed reliable but not guaranteed. 1000 Trails/ Naco Alliance Membership for sale. Sycamore Lodge near Pinehurst, NC and Gettysburg Battlefield, PA Plus Coast to Coast with thousands of affiliates around the USA. YES [X] NO [ ], Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Subsection 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). workout room, clubhouse and trailer rentals. {{current_weather.dt | momentjs( atts.date )}}, https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf, https://pismocoastvillage.com/wp-content/uploads/2016/08/CodeOfEthics.pdf. and consent for BuyATimeShare and. Revenue from other ancillary goods and services accounts for the remaining 2% of revenue for the period ended March 31, 2021. This decrease reflects payroll taxes, employee insurance benefits, workers compensation, employee travel/training, legal fees, WiFi expense, repairs and maintenance, vehicle expense, and recreation expense. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. This website uses cookies to ensure that you get the best experience on our website. PCVs financial information is always readily available for your review. The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Fall asleep to the sound of crashing waves and smell the salt scented air as you reconnect with family and loved ones in this beautifully landscaped. Form 10-Q - SEC We are the original owners. 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. View all View all photos (99) Traveler (91) Pool & Beach (18) Room & Suite (2) About 4.0 Toll Free: 1-877-815-4227 The provision for income taxes for the three and six months ended March 31, 2021 and 2020 is as follows: The Company uses the asset-liability method of computing deferred taxes in accordance with FASB ASC Topic 740. nicely appointed RV park at Pismo Beach, halfway between Los Angeles and San Francisco. There are several resorts you can use with this membership. 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. A balance of $83,938 is available if the Company requires additional funding from the line of credit. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. 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. I also agree to the, I give my elec. There currently is a Letter of Credit written in favor of the County of San Luis Obispo (the County), California for $416,062 to cover a bond requirement relating to public improvements as part of the Companys construction of a new RV service facility. Cleanliness 4.5. Busy season is in summer when people are out enjoying California's famous sun and surf. NOTE 2: SUMMARY OF SIGNFICANT ACCOUNTING POLICIES (continued). The Company does not have any significant financing components. It is substantially less in scope than an audit conducted in accordance with standards of the PCAOB, the objective of which is the expression of an opinion regarding the interim financial statements taken as a whole. near Idyllwild at 3500 feet weather is generally mild. The General Store was up $75,485, or 32.1%, and RV Service was up $13,450, or 5.1%. sig. The Financial Accounting Standards Board (FASB) issued new guidance that created Topic 606, Revenue from Contracts with Customers, in the Accounting Standards Codification (ASC). Expand your search parameters, or consider The Company is the sponsor of a 401(k) profit sharing pension plan, which covers substantially all full-time employees. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. Management continues to place importance upon ongoing review of retail product mix, pricing, attention to service, and staff training. It's an incredibly scenic stretch of coastline that's dotted with charming coastal cottages. Call 603-883-8626 or 1-800-640-6886 for assistance. Call 603-883-8626 or 1-800-640-6886 for assistance. These interim financial statements are the responsibility of the Companys management. These risks and uncertainties include, but are not limited to, those relating to competitive industry conditions, California tourism and weather conditions, dependence on existing management, leverage and debt service, the regulation of the recreational vehicle industry, COVID-19 or similar pandemic conditions, domestic or global economic conditions and changes in federal or state tax laws or the administration of such laws. Pismo Coast Village Inc - Company Profile and News 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. A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,159, including interest at 4.532% per annum, through January 2023. On the southern edge of the city, you'll discover Pismo State Beach and Oceano Dunes. The accompanying notes are an integral part of these financial statements. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheet of the Company as of September 30, 2020, and the related statements of operations, and statement of changes in stockholders equity, and cash flows for the year then ended; and in our report dated November 18, 2020, we expressed an unmodified opinion on those financial statements. Location 4.6. PDF THE BASICS PCV SHAREHOLDER STEP ONE OF TRANSFERS - Pismo Coast Village