Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3152021-04-01falseCaravan park5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10995877 2021-04-01 2022-03-31 10995877 2020-04-01 2021-03-31 10995877 2022-03-31 10995877 2021-03-31 10995877 c:Director2 2021-04-01 2022-03-31 10995877 d:Buildings 2021-04-01 2022-03-31 10995877 d:Buildings 2022-03-31 10995877 d:Buildings 2021-03-31 10995877 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10995877 d:LandBuildings 2022-03-31 10995877 d:LandBuildings 2021-03-31 10995877 d:PlantMachinery 2021-04-01 2022-03-31 10995877 d:PlantMachinery 2022-03-31 10995877 d:PlantMachinery 2021-03-31 10995877 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10995877 d:MotorVehicles 2021-04-01 2022-03-31 10995877 d:MotorVehicles 2022-03-31 10995877 d:MotorVehicles 2021-03-31 10995877 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10995877 d:FurnitureFittings 2021-04-01 2022-03-31 10995877 d:FurnitureFittings 2022-03-31 10995877 d:FurnitureFittings 2021-03-31 10995877 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10995877 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 10995877 d:Goodwill 2022-03-31 10995877 d:Goodwill 2021-03-31 10995877 d:CurrentFinancialInstruments 2022-03-31 10995877 d:CurrentFinancialInstruments 2021-03-31 10995877 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10995877 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 10995877 d:ShareCapital 2022-03-31 10995877 d:ShareCapital 2021-03-31 10995877 d:RevaluationReserve 2022-03-31 10995877 d:RevaluationReserve 2021-03-31 10995877 d:RetainedEarningsAccumulatedLosses 2022-03-31 10995877 d:RetainedEarningsAccumulatedLosses 2021-03-31 10995877 c:FRS102 2021-04-01 2022-03-31 10995877 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 10995877 c:FullAccounts 2021-04-01 2022-03-31 10995877 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 10995877 5 2021-04-01 2022-03-31 10995877 d:Goodwill d:OwnedIntangibleAssets 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 10995877










CHESTERFIELD HOLIDAY PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
CHESTERFIELD HOLIDAY PARK LIMITED
REGISTERED NUMBER: 10995877

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
272,495
319,885

Tangible assets
 5 
3,801,162
3,395,728

  
4,073,657
3,715,613

Current assets
  

Stocks
  
185,181
62,786

Debtors: amounts falling due within one year
 6 
2,053,311
504,954

Cash at bank and in hand
 7 
10,946
267,667

  
2,249,438
835,407

Creditors: amounts falling due within one year
 8 
(4,756,346)
(2,850,264)

Net current liabilities
  
 
 
(2,506,908)
 
 
(2,014,857)

Provisions for liabilities
  

Deferred tax
  
(313,607)
(45,216)

  
 
 
(313,607)
 
 
(45,216)

Net assets
  
1,253,142
1,655,540


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,351,984
1,351,984

Profit and loss account
  
(98,942)
303,456

  
1,253,142
1,655,540


Page 1

 
CHESTERFIELD HOLIDAY PARK LIMITED
REGISTERED NUMBER: 10995877
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

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: 




F Maguire Jnr
Director

Date: 10 August 2022

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
Winston Bridge Holiday Park
Ovington Lane
Near Richmond
Co Durham
United Kingdom
DL11 7BL

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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors, having made due and careful enquiry are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

Revenue represents amounts receivable for the sale of caravans and site fees during the year net of VAT.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
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

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life of 10 years.

Page 4

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
50 years straight line
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Page 5

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).

Page 6

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Intangible assets



Goodwill

£



Cost


At 1 April 2021
473,903



At 31 March 2022

473,903



Amortisation


At 1 April 2021
154,018


Charge for the year on owned assets
47,390



At 31 March 2022

201,408



Net book value



At 31 March 2022
272,495



Page 7

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost


At 1 April 2021
3,350,000
31,879
-
20,895
3,402,774


Additions
349,351
66,830
2,000
-
418,181



At 31 March 2022

3,699,351
98,709
2,000
20,895
3,820,955



Depreciation


At 1 April 2021
-
4,930
-
2,116
7,046


Charge for the year on owned assets
-
9,638
292
2,817
12,747



At 31 March 2022

-
14,568
292
4,933
19,793



Net book value



At 31 March 2022
3,699,351
84,141
1,708
15,962
3,801,162




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
3,699,352
3,350,000

3,699,352
3,350,000


Page 8

 
CHESTERFIELD HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

2022
2021
£
£


Trade debtors
94,936
40,549

Other debtors
1,906,860
435,029

Prepayments and accrued income
51,515
29,376

2,053,311
504,954



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
10,946
267,667

10,946
267,667



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
214,104
76,358

Corporation tax
78,639
60,124

Other taxation and social security
4,582
3,700

Other creditors
4,150,083
2,403,307

Accruals and deferred income
308,938
306,775

4,756,346
2,850,264



9.


Related party transactions

During the year the company traded with companies in which the directors have an interest. 
Sales of £19,483 were raised and at the balance sheet date £982 (2021: £972) is included in trade debtors.
Purchases of £236,657 were made and at the balance sheet date £106,364 (2021: £22,777) is included in trade creditors.
During the year loans of £1,615,000 were made to these companies and are outstanding at the balance sheet date and are included in debtors. 

 
Page 9