Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3122022-02-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04880606 2022-02-01 2023-01-31 04880606 2021-02-01 2022-01-31 04880606 2023-01-31 04880606 2022-01-31 04880606 c:Director1 2022-02-01 2023-01-31 04880606 c:Director2 2022-02-01 2023-01-31 04880606 d:Buildings 2022-02-01 2023-01-31 04880606 d:Buildings 2023-01-31 04880606 d:Buildings 2022-01-31 04880606 d:Buildings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04880606 d:MotorVehicles 2022-02-01 2023-01-31 04880606 d:MotorVehicles 2023-01-31 04880606 d:MotorVehicles 2022-01-31 04880606 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04880606 d:FurnitureFittings 2022-02-01 2023-01-31 04880606 d:FurnitureFittings 2023-01-31 04880606 d:FurnitureFittings 2022-01-31 04880606 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04880606 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04880606 d:Goodwill 2022-02-01 2023-01-31 04880606 d:Goodwill 2023-01-31 04880606 d:Goodwill 2022-01-31 04880606 d:CurrentFinancialInstruments 2023-01-31 04880606 d:CurrentFinancialInstruments 2022-01-31 04880606 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04880606 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04880606 d:ShareCapital 2023-01-31 04880606 d:ShareCapital 2022-01-31 04880606 d:RetainedEarningsAccumulatedLosses 2023-01-31 04880606 d:RetainedEarningsAccumulatedLosses 2022-01-31 04880606 c:OrdinaryShareClass1 2022-02-01 2023-01-31 04880606 c:OrdinaryShareClass1 2023-01-31 04880606 c:OrdinaryShareClass1 2022-01-31 04880606 c:FRS102 2022-02-01 2023-01-31 04880606 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04880606 c:FullAccounts 2022-02-01 2023-01-31 04880606 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04880606 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 04880606 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 04880606 2 2022-02-01 2023-01-31 04880606 7 2022-02-01 2023-01-31 04880606 d:Goodwill d:OwnedIntangibleAssets 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04880606










THE POPLARS CARAVAN & CHALET PARK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
THE POPLARS CARAVAN & CHALET PARK LTD
 

CONTENTS



Page
Statement of financial position
 
 
1 - 2
Notes to the financial statements
 
 
3 - 9


 
THE POPLARS CARAVAN & CHALET PARK LTD
REGISTERED NUMBER: 04880606

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,000
6,000

Tangible assets
 5 
63,786
68,806

  
66,786
74,806

Current assets
  

Stocks
  
46,022
17,651

Debtors: amounts falling due within one year
 6 
2,304
2,286

Cash at bank and in hand
  
1,058,919
1,062,938

  
1,107,245
1,082,875

Creditors: amounts falling due within one year
 7 
(241,182)
(284,025)

Net current assets
  
 
 
866,063
 
 
798,850

Total assets less current liabilities
  
932,849
873,656

Provisions for liabilities
  

Deferred tax
 8 
(12,987)
(14,242)

  
 
 
(12,987)
 
 
(14,242)

Net assets
  
919,862
859,414


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
919,762
859,314

  
919,862
859,414


Page 1

 
THE POPLARS CARAVAN & CHALET PARK LTD
REGISTERED NUMBER: 04880606
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 income statement 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 on 10 October 2023.




Mr R C Verlander
Mrs B E Verlander
Director
Director

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

Page 2

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The Poplars Caravan & Chalet Park Ltd is a company limited by shares and incorporated in England and Wales, registration number 04880606. The registered office is The Poplars Caravan & Chalet Park, Brick Lane, East Runton, Cromer, Norfolk, NR27 9PL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

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 Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
5%
Straight line on lodges, nil on other
Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
25%
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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the cost of purchase.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

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 Income statement in the same period as the related expenditure.

 
2.9

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.10

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.13

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 reporting 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 Statement of financial position.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income statement, 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 Statement of financial position 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.
 - Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 6

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 February 2022
60,000



At 31 January 2023

60,000



Amortisation


At 1 February 2022
54,000


Charge for the year on owned assets
3,000



At 31 January 2023

57,000



Net book value



At 31 January 2023
3,000



At 31 January 2022
6,000



Page 7

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2022
77,443
19,354
36,203
133,000


Additions
-
-
225
225



At 31 January 2023

77,443
19,354
36,428
133,225



Depreciation


At 1 February 2022
16,268
16,770
31,156
64,194


Charge for the year on owned assets
3,281
646
1,318
5,245



At 31 January 2023

19,549
17,416
32,474
69,439



Net book value



At 31 January 2023
57,894
1,938
3,954
63,786



At 31 January 2022
61,175
2,584
5,047
68,806


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
2,304
2,286

2,304
2,286


Page 8

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
154,550
198,094

Corporation tax
33,343
40,077

Other taxation and social security
27,604
23,358

Other creditors
20,952
17,013

Accruals and deferred income
4,733
5,483

241,182
284,025



8.


Deferred taxation




2023


£






At beginning of year
(14,242)


Charged to profit or loss
1,255



At end of year
(12,987)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(12,987)
(14,242)

(12,987)
(14,242)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9