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REGISTERED NUMBER: 09414810 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ASHFIELD STATIC & TOURING PARK LIMITED

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFIELD STATIC & TOURING PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Stuart Noel Bulmer
Sally Marie Bulmer





REGISTERED OFFICE: Lawrence House
James Nicolson Link
Clifton Moor
YORK
North Yorkshire
YO30 4WG





REGISTERED NUMBER: 09414810 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 418,368 432,867

CURRENT ASSETS
Stocks 145,008 17,750
Debtors 5 148,491 247,384
Cash at bank 39,088 61,946
332,587 327,080
CREDITORS
Amounts falling due within one year 6 400,269 421,190
NET CURRENT LIABILITIES (67,682 ) (94,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,686

338,757

CREDITORS
Amounts falling due after more than
one year

7

(23,290

)

(33,226

)

PROVISIONS FOR LIABILITIES (37,043 ) (30,908 )
NET ASSETS 290,353 274,623

CAPITAL AND RESERVES
Called up share capital 102 102
Profit and loss account 290,251 274,521
290,353 274,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

BALANCE SHEET - continued
28 FEBRUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





Stuart Noel Bulmer - Director


ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Ashfield Static & Touring 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.

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 represents the amount invoiced for the sale of caravans and the rental of caravan pitches and amenities, excluding value added.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when received allowing for the spread of the income over the full letting season.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 270,194 267,154 26,250 7,312 570,910
Additions - 14,100 - 505 14,605
At 28 February 2023 270,194 281,254 26,250 7,817 585,515
DEPRECIATION
At 1 March 2022 - 124,749 7,294 6,000 138,043
Charge for year - 23,477 4,739 888 29,104
At 28 February 2023 - 148,226 12,033 6,888 167,147
NET BOOK VALUE
At 28 February 2023 270,194 133,028 14,217 929 418,368
At 28 February 2022 270,194 142,405 18,956 1,312 432,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,453 64,500
Amounts owed by related parties 47,619 47,064
Directors' current accounts 99,419 135,820
148,491 247,384

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,936 9,681
Trade creditors 7,647 32,020
Tax 51,459 27,792
VAT 12,446 13,055
Other creditors 39 1,970
Accruals and deferred income 318,742 336,672
400,269 421,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,191 9,936
Bank loans - 2-5 years 13,099 23,290
23,290 33,226

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 33,226 42,907

The company's borrowings are secured by a fixed and floating charge over all assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Stuart Noel Bulmer and Sally Marie Bulmer
Balance outstanding at start of year 135,820 21,976
Amounts advanced 222,349 226,844
Amounts repaid (258,750 ) (113,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,419 135,820

ASHFIELD STATIC & TOURING PARK LIMITED (REGISTERED NUMBER: 09414810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. RELATED PARTY DISCLOSURES

Mr Stuart Bulmer and Mrs Sally Bulmer have control over a majority of shares in the company and together with their involvement in its day-to-day management are deemed to be the controlling party for the purposes of Financial Reporting Standard No.102.

Mr Stuart Bulmer and Mrs Sally Bulmer are also directors of Fox Hill Park Limited.

Debtors falling due within 1 year includes the following group balances - Fox Hill Park Limited £47,619 (2022 - £47,064).