Company registration number 05651113 (England and Wales)
PLAS UCHAF CARAVAN PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
PLAS UCHAF CARAVAN PARK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PLAS UCHAF CARAVAN PARK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
4
12,000
15,000
Tangible assets
5
795,160
818,588
807,160
833,588
Current assets
Stocks
7,000
-
0
Debtors
6
13,852
4,467
Cash at bank and in hand
656,601
478,353
677,453
482,820
Creditors: amounts falling due within one year
7
(191,120)
(135,207)
Net current assets
486,333
347,613
Total assets less current liabilities
1,293,493
1,181,201
Creditors: amounts falling due after more than one year
8
(35,834)
(50,000)
Provisions for liabilities
(41,436)
(32,924)
Net assets
1,216,223
1,098,277
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,216,123
1,098,177
Total equity
1,216,223
1,098,277

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PLAS UCHAF CARAVAN PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2021
31 December 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 25 August 2022
Mr P V Evans
Director
Company Registration No. 05651113
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
1
Accounting policies
Company information

Plas Uchaf Caravan Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents the invoice value of goods/services provided, net of value added tax. Turnover relates to annual site rents, tourer rents, caravan sales, commission on caravan sales, meter collection, rates recharges and gas sales.

1.3
Intangible fixed assets - goodwill

Amortisation is calculates so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

 

Goodwill        -    written off over 20 years

 

If there is an indication that there has been significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect new estimates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Property improvements
2% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
3
2
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2021 and 31 December 2021
60,000
Amortisation and impairment
At 1 January 2021
45,000
Amortisation charged for the year
3,000
At 31 December 2021
48,000
Carrying amount
At 31 December 2021
12,000
At 31 December 2020
15,000
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 6 -
5
Tangible fixed assets
Plant and equipment
Property improvements
Total
£
£
£
Cost
At 1 January 2021
43,197
966,485
1,009,682
Additions
215
-
0
215
At 31 December 2021
43,412
966,485
1,009,897
Depreciation and impairment
At 1 January 2021
30,798
160,296
191,094
Depreciation charged in the year
4,313
19,330
23,643
At 31 December 2021
35,111
179,626
214,737
Carrying amount
At 31 December 2021
8,301
786,859
795,160
At 31 December 2020
12,399
806,189
818,588
6
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
1,000
1,000
Other debtors
765
765
Prepayments and accrued income
12,087
2,702
13,852
4,467
7
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans
9,999
-
0
Taxation and social security
46,727
31,036
Other creditors
134,394
104,171
191,120
135,207
8
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
35,834
50,000
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