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REGISTERED NUMBER: 11895948 (England and Wales)












BAY CARAVAN PARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAY CARAVAN PARKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: Mr J McCarthy
Mrs H McCarthy





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





Business address: Castle View
Borwick Road
Capernwray
CARNFORTH
LA6 1FE





Registered number: 11895948 (England and Wales)





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

BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,575,567 4,565,483

Current assets
Stocks 120,278 54,681
Debtors 5 461,163 562,822
Prepayments and accrued income 37,976 1,276
Cash at bank and in hand 687,125 387,546
1,306,542 1,006,325
Creditors
Amounts falling due within one year 6 746,888 694,999
Net current assets 559,654 311,326
Total assets less current liabilities 5,135,221 4,876,809

Provisions for liabilities (12,534 ) (10,878 )

Accruals and deferred income (278,637 ) (297,014 )
Net assets 4,844,050 4,568,917

Capital and reserves
Called up share capital 200 200
Share premium 3,873,597 3,873,597
Retained earnings 970,253 695,120
4,844,050 4,568,917

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

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

BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

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


BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Bay Caravan Parks 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 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.

Tangible fixed assets
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.

Taxation
Taxation for the year 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 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.

BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2022 4,506,796 75,781 4,582,577
Additions 19,519 - 19,519
Disposals - (296 ) (296 )
At 31 March 2023 4,526,315 75,485 4,601,800
Depreciation
At 1 April 2022 - 17,094 17,094
Charge for year 526 8,785 9,311
Eliminated on disposal - (172 ) (172 )
At 31 March 2023 526 25,707 26,233
Net book value
At 31 March 2023 4,525,789 49,778 4,575,567
At 31 March 2022 4,506,796 58,687 4,565,483

Included in cost of land and buildings is freehold land of £ 4,500,000 (2022 - £ 4,500,000 ) which is not depreciated.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 15,295 44,759
Amounts owed by participating interests 437,750 437,750
Other debtors 8,118 80,313
461,163 562,822

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 15,157 3,943
Amounts owed to participating interests 625,158 597,230
Taxation and social security 106,573 93,826
746,888 694,999

BAY CARAVAN PARKS LIMITED (REGISTERED NUMBER: 11895948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr J McCarthy and Mrs H McCarthy
Balance outstanding at start of year 73,573 101,594
Amounts advanced 80,545 117,979
Amounts repaid (146,000 ) (146,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,118 73,573

8. Related party disclosures

Included within other creditors are loans from company's which the directors of Bay Caravan Parks Limited have participating interest's in, totalling £625,158.