IRIS Accounts Production v23.3.0.418 00250632 Board of Directors 1.2.22 31.1.23 31.1.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure002506322022-01-31002506322023-01-31002506322022-02-012023-01-31002506322021-01-31002506322021-02-012022-01-31002506322022-01-3100250632ns16:EnglandWales2022-02-012023-01-3100250632ns15:PoundSterling2022-02-012023-01-3100250632ns11:Director12022-02-012023-01-3100250632ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3100250632ns11:SmallEntities2022-02-012023-01-3100250632ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3100250632ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3100250632ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3100250632ns11:FullAccounts2022-02-012023-01-3100250632ns11:Director22022-02-012023-01-3100250632ns11:CompanySecretary12022-02-012023-01-3100250632ns11:RegisteredOffice2022-02-012023-01-3100250632ns6:CurrentFinancialInstruments2023-01-3100250632ns6:CurrentFinancialInstruments2022-01-3100250632ns6:Non-currentFinancialInstruments2023-01-3100250632ns6:Non-currentFinancialInstruments2022-01-3100250632ns6:ShareCapital2023-01-3100250632ns6:ShareCapital2022-01-3100250632ns6:RevaluationReserve2023-01-3100250632ns6:RevaluationReserve2022-01-3100250632ns6:RetainedEarningsAccumulatedLosses2023-01-3100250632ns6:RetainedEarningsAccumulatedLosses2022-01-3100250632ns6:LandBuildings2022-02-012023-01-3100250632ns6:PlantMachinery2022-02-012023-01-3100250632ns6:LandBuildings2022-01-3100250632ns6:PlantMachinery2022-01-3100250632ns6:LandBuildings2023-01-3100250632ns6:PlantMachinery2023-01-3100250632ns6:LandBuildings2022-01-3100250632ns6:PlantMachinery2022-01-3100250632ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3100250632ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3100250632ns6:Secured2023-01-3100250632ns6:Secured2022-01-3100250632ns6:RevaluationReserve2022-01-31
REGISTERED NUMBER: 00250632 (England and Wales)












T G COTTAM LIMITED
TRADING AS
GLENFIELD CARAVAN PARK

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T G COTTAM LIMITED
TRADING AS GLENFIELD CARAVAN PARK

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







Directors: Mrs K A McCarthy
Mr M P J McCarthy





Secretary: Mrs K A McCarthy





Registered office: C/O Poulton Plaiz
Garstang Road West
POULTON-LE-FYLDE
FY6 8AR





Business address: Glenfield Leisure Park
Smallwood Hey
Pilling
PRESTON
PR3 6HF





Registered number: 00250632 (England and Wales)





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

T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

BALANCE SHEET
31 JANUARY 2023

2023 2022
as restated
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,578,092 3,547,056

Current assets
Stocks 819,081 445,657
Debtors 5 9,123,582 7,087,083
Cash at bank and in hand 674,238 346,088
10,616,901 7,878,828
Creditors
Amounts falling due within one year 6 2,082,694 488,219
Net current assets 8,534,207 7,390,609
Total assets less current liabilities 12,112,299 10,937,665

Creditors
Amounts falling due after more than one
year

7

(1,834,991

)

(1,742,697

)

Provisions for liabilities (57,498 ) (34,689 )

Accruals and deferred income (420,573 ) (423,216 )
Net assets 9,799,237 8,737,063

Capital and reserves
Called up share capital 6,600 6,600
Revaluation reserve 9 2,859,287 2,859,287
Retained earnings 6,933,350 5,871,176
9,799,237 8,737,063

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

BALANCE SHEET - continued
31 JANUARY 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 23 October 2023 and were signed on its behalf by:





Mr M P J McCarthy - Director


T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

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


1. Statutory information

T G Cottam 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% 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.

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.


T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

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


2. Accounting policies - continued
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.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 February 2022 3,600,620 143,484 3,744,104
Additions 7,490 57,212 64,702
At 31 January 2023 3,608,110 200,696 3,808,806
Depreciation
At 1 February 2022 90,758 106,290 197,048
Charge for year 15,870 17,796 33,666
At 31 January 2023 106,628 124,086 230,714
Net book value
At 31 January 2023 3,501,482 76,610 3,578,092
At 31 January 2022 3,509,862 37,194 3,547,056

On transition to FRS102 revalued property, measured at fair value, was transferred at deemed cost. The historical cost of Freehold property is £140,713.

5. Debtors: amounts falling due within one year
2023 2022
as restated
£    £   
Trade debtors 6,832 4,306
Amounts owed by group undertakings 3,534,653 3,341,081
Amounts owed by participating interests 5,566,147 3,705,886
Other debtors 15,950 35,810
9,123,582 7,087,083

T G COTTAM LIMITED (REGISTERED NUMBER: 00250632)
TRADING AS GLENFIELD CARAVAN PARK

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


6. Creditors: amounts falling due within one year
2023 2022
as restated
£    £   
Bank loans and overdrafts 89,558 180,000
Trade creditors 1,363,349 224,254
Amounts owed to participating interests 30,000 350
Taxation and social security 243,672 83,615
Other creditors 356,115 -
2,082,694 488,219

7. Creditors: amounts falling due after more than one year
2023 2022
as restated
£    £   
Bank loans 1,834,991 1,742,697

8. Secured debts

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 1,924,549 1,922,697

The loan is secured by fixed and floating charges over the freehold property known as land lying to the west of School Lane, Preston

9. Reserves
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 2,859,287