Caseware UK (AP4) 2021.0.152 2021.0.152 2020-11-302020-11-30true2019-12-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11699462 2019-12-01 2020-11-30 11699462 2018-11-27 2019-11-30 11699462 2020-11-30 11699462 2019-11-30 11699462 c:Director1 2019-12-01 2020-11-30 11699462 d:OtherPropertyPlantEquipment 2019-12-01 2020-11-30 11699462 d:OtherPropertyPlantEquipment 2020-11-30 11699462 d:OtherPropertyPlantEquipment 2019-11-30 11699462 d:CurrentFinancialInstruments 2020-11-30 11699462 d:CurrentFinancialInstruments 2019-11-30 11699462 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 11699462 d:CurrentFinancialInstruments d:WithinOneYear 2019-11-30 11699462 d:ShareCapital 2020-11-30 11699462 d:ShareCapital 2019-11-30 11699462 d:RetainedEarningsAccumulatedLosses 2020-11-30 11699462 d:RetainedEarningsAccumulatedLosses 2019-11-30 11699462 c:OrdinaryShareClass1 2019-12-01 2020-11-30 11699462 c:OrdinaryShareClass1 2020-11-30 11699462 c:OrdinaryShareClass1 2019-11-30 11699462 c:FRS102 2019-12-01 2020-11-30 11699462 c:AuditExempt-NoAccountantsReport 2019-12-01 2020-11-30 11699462 c:FullAccounts 2019-12-01 2020-11-30 11699462 c:PrivateLimitedCompanyLtd 2019-12-01 2020-11-30 11699462 2 2019-12-01 2020-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11699462









CAMBRIDGE PARK & LEISURE HOMES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2020

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
REGISTERED NUMBER: 11699462

BALANCE SHEET
AS AT 30 NOVEMBER 2020

2020
2019
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
44,000

  
-
44,000

Current assets
  

Stocks
 5 
91,550
-

Debtors: amounts falling due within one year
 6 
96,811
17,370

Cash at bank and in hand
  
17,428
25,208

  
205,789
42,578

Creditors: amounts falling due within one year
 7 
(98,678)
(60,540)

Net current assets/(liabilities)
  
 
 
107,111
 
 
(17,962)

Total assets less current liabilities
  
107,111
26,038

  

Net assets
  
107,111
26,038


Capital and reserves
  

Called up share capital 
 8 
5
5

Profit and loss account
  
107,106
26,033

  
107,111
26,038


Page 1

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
REGISTERED NUMBER: 11699462

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2020

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mr A White
Director

Date: 5 September 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

1.


GENERAL INFORMATION

Cambridge Park & Leisure Homes Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 
The principal activity of the Company is that of a residential home and holiday park .

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is Pounds sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise.The directors have considered the impact of the COVID-19 pandemic and do not believe the adverse impact will affect the going concern basis.
The financial statements do not include any adjustments that would be result from the withdrawal of this support.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sales of Mobile Homes
Sales of mobile homes are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place. 
Site Fees
Site fees are recognised on an accruals basis in the period to which they relate.
Commission
Commission received is recognised on an accruals basis in the period to which they relate
 

 
2.4

GOVERNMENT GRANTS

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. .

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2019 - 4).


4.


TANGIBLE FIXED ASSETS





Other fixed assets

£





At 1 December 2019
55,000


Disposals
(55,000)



At 30 November 2020

-





At 1 December 2019
11,000


Disposals
(11,000)



At 30 November 2020

-



Net book value



At 30 November 2020
-



At 30 November 2019
44,000


5.


STOCKS

2020
2019
£
£

Finished goods and goods for resale
91,550
-

91,550
-


Page 5

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

6.


DEBTORS

2020
2019
£
£


Trade debtors
-
3,517

Amounts owed by joint ventures and associated undertakings
33,970
-

Other debtors
61,721
12,819

Prepayments and accrued income
1,120
1,034

96,811
17,370



7.


CREDITORS: Amounts falling due within one year

2020
2019
£
£

Trade creditors
2,442
4,472

Amounts owed to associates
18,131
-

Corporation tax
44,607
3,144

Other taxation and social security
9,661
17,576

Other creditors
8,330
24,000

Accruals and deferred income
15,507
11,348

98,678
60,540


Page 6

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020

8.


SHARE CAPITAL

2020
2019
£
£
Allotted, called up and fully paid



5 (2019 - 5) Ordinary shares shares of £1.00 each
5
5



9.


RELATED PARTY TRANSACTIONS

During the year the Company operated loans with the directors of the Company. The amount payable to the company by one of the directors is  £46,516 (2019 - £9,678).  Interest of £1,314 (2020 £nil) has been charged on the overdrawn balance. The loan, which is unsecured and repayable on demand, shown within debtors.
During the year the Company continued to operated loans with two other  directors of the Company. The amount payable from company to the directors is  £8,330 (2019 - £24,000). The loans are interest free and repayable on demand. The balance is  shown shown within other creditors.
During the year the Company operated loans with companies under common control The amount payable to these associates  at the year end was £15,839 (2019 - £Nil). These are interest free, unsecured and repayable on demand.
The park which the company operates is owned personally by a director and no rent is charged to the company.


10.


CONTROLLING PARTY

During the year there was no ultimate controling party, control is shared equally by the shareholders.


Page 7