Registered number
02562326
Bromdon Caravan Park Limited
Filleted Accounts
30 November 2021
Bromdon Caravan Park Limited
Registered number: 02562326
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 1,165 1,398
Tangible assets 4 1,799,955 1,792,431
1,801,120 1,793,829
Current assets
Stocks 218,515 63,189
Debtors 5 37,259 76,283
Cash at bank 1,351,326 1,264,919
1,607,100 1,404,391
Creditors: amounts falling due within one year 6 (294,176) (296,899)
Net current assets 1,312,924 1,107,492
Total assets less current liabilities 3,114,044 2,901,321
Provisions for liabilities (35,593) (31,750)
Net assets 3,078,451 2,869,571
Capital and reserves
Called up share capital 300,100 300,100
Profit and loss account 2,778,351 2,569,471
Shareholders' funds 3,078,451 2,869,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
LH Partridge
Director
Approved by the board on 19 August 2022
Bromdon Caravan Park Limited
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Freehold buildings over 25 years
Vehicles, equipment and machinery 25% on reducing balance
Fixtures, fittings and equipment 15% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 10 11
3 Intangible fixed assets £
English non-SDA entitlements:
Cost
At 1 December 2020 2,333
At 30 November 2021 2,333
Amortisation
At 1 December 2020 935
Provided during the year 233
At 30 November 2021 1,168
Net book value
At 30 November 2021 1,165
At 30 November 2020 1,398
The English non-SDA entitlements are being written off in equal annual instalments over an estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Vehicles, equipment and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 December 2020 2,287,968 780,565 91,563 3,160,096
Additions 85,339 7,612 - 92,951
At 30 November 2021 2,373,307 788,177 91,563 3,253,047
Depreciation
At 1 December 2020 646,942 648,200 72,523 1,367,665
Charge for the year 54,370 28,202 2,855 85,427
At 30 November 2021 701,312 676,402 75,378 1,453,092
Net book value
At 30 November 2021 1,671,995 111,775 16,185 1,799,955
At 30 November 2020 1,641,026 132,365 19,040 1,792,431
5 Debtors 2021 2020
£ £
Trade debtors 3,256 3,952
Accrued income 14,055 54,161
Other debtors and prepayments 19,948 18,170
37,259 76,283
6 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 10,911 12,846
Taxation and national insurance costs 102,062 72,846
Fees and deposits in advance 113,494 159,640
Directors' loan accounts 62,222 48,648
Other creditors and accruals 5,487 2,919
294,176 296,899
7 Other information
Bromdon Caravan Park Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bromdon Caravan Park
Wheathill
Bridgnorth
Shropshire
WV16 6QT
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