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REGISTERED NUMBER: 05280279 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Carnival Park Management Company Limited

Carnival Park Management Company Limited (Registered number: 05280279)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carnival Park Management Company Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: S C Abel





SECRETARY: S C Abel





REGISTERED OFFICE: 47 High Street
Bridgwater
Somerset
TA6 3BG





REGISTERED NUMBER: 05280279 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Carnival Park Management Company Limited (Registered number: 05280279)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
CURRENT ASSETS
Debtors 4 5,718 456
Cash at bank 61,483 63,979
67,201 64,435
CREDITORS
Amounts falling due within one year 5 7,017 6,682
NET CURRENT ASSETS 60,184 57,753
TOTAL ASSETS LESS CURRENT LIABILITIES 60,184 57,753

RESERVES
Tarmac reserve 6 36,000 33,062
Insurance reserve 6 2,500 2,500
Internal Redecoration reserve 6 3,100 3,000
Carpet reserve 6 5,000 5,000
Income and expenditure account 6 13,584 14,191
60,184 57,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:





S C Abel - Director


Carnival Park Management Company Limited (Registered number: 05280279)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Carnival Park Management Company Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 5,718 456

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 7,017 6,682

Carnival Park Management Company Limited (Registered number: 05280279)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. RESERVES
Income
and
expenditure Tarmac Insurance
account reserve reserve
£    £    £   

At 1 April 2021 14,191 33,062 2,500
Surplus for the year 2,264 - -
Transfer (2,871 ) 2,938 -
At 31 March 2022 13,584 36,000 2,500
Internal
Redecoration Carpet
reserve reserve Totals
£    £    £   

At 1 April 2021 3,000 5,000 57,753
Surplus for the year - - 2,264
Transfer 100 - 167
At 31 March 2022 3,100 5,000 60,184

7. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

8. CLIENT MONEY

The amount shown in the bank account in Company accounts, is the money held on trust for the tenants.

9. AGENTS REMUNERATION

No remuneration was paid to the Agent for works carried out in relation to the property.