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REGISTERED NUMBER: 13833810 (England and Wales)












VENTURE CARAVAN PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023






VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VENTURE CARAVAN PARK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023







Directors: Mr J McCarthy
Mrs H McCarthy





Secretary: Mrs H McCarthy





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Langridge Way
Westgate
MORECAMBE
LA4 4TQ





Registered number: 13833810 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
Fixed assets
Intangible assets 4 639,286
Tangible assets 5 8,708,832
9,348,118

Current assets
Stocks 125,058
Debtors: amounts falling due within one year 6 125,065
Prepayments and accrued income 28,430
Cash at bank and in hand 1,547,405
1,825,958
Creditors
Amounts falling due within one year 7 5,845,706
Net current liabilities (4,019,748 )
Total assets less current liabilities 5,328,370

Creditors
Amounts falling due after more than one
year

8

4,086,198

Provisions for liabilities 3,838

Accruals and deferred income 615,093

Capital and reserves
Called up share capital 100
Retained earnings 623,141
623,241
5,328,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 profit or loss 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.

VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr J McCarthy - Director


VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023


1. Statutory information

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% Straight line
Plant and machinery etc - 25% Reducing balance, 25% on cost and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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


VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023


2. Accounting policies - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the period was 5 .

4. Intangible fixed assets
Goodwill
£   
Cost
Additions 672,933
At 31 March 2023 672,933
Amortisation
Charge for period 33,647
At 31 March 2023 33,647
Net book value
At 31 March 2023 639,286

VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
Additions 8,650,551 74,743 8,725,294
Disposals - (593 ) (593 )
At 31 March 2023 8,650,551 74,150 8,724,701
Depreciation
Charge for period 4,347 11,522 15,869
At 31 March 2023 4,347 11,522 15,869
Net book value
At 31 March 2023 8,646,204 62,628 8,708,832

Included in cost of land and buildings is freehold land of £ 8,563,651 which is not depreciated.

6. Debtors: amounts falling due within one year
£   
Trade debtors 125,065

7. Creditors: amounts falling due within one year
£   
Bank loans and overdrafts 80,000
Trade creditors 16,435
Taxation and social security 232,525
Other creditors 5,516,746
5,845,706

8. Creditors: amounts falling due after more than one year
£   
Bank loans 4,086,198

9. Secured debts

The following secured debts are included within creditors:

£   
Bank loans 4,166,198

The company has bank borrowings which are secured by a fixed charged over the freehold property owned by the company known as Venture Caravan Park.

VENTURE CARAVAN PARK LIMITED (REGISTERED NUMBER: 13833810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 JANUARY 2022 TO 31 MARCH 2023


10. Related party disclosures

Included within other creditors are loans from company's which the directors of Venture Caravan Park Limited have participating interest's in, totalling £5,494,412.