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REGISTERED NUMBER: 11915594 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE WILDINGS CAMPSITE LTD

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)






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


THE WILDINGS CAMPSITE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs K Maccurrach
A C J Maccurrach





SECRETARY: Mrs K Maccurrach





REGISTERED OFFICE: Kiln Rise Bourton Hill
Bourton-On-The-Water
Cheltenham
Gloucestershire
GL54 2LF





REGISTERED NUMBER: 11915594 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,710 157,617

CURRENT ASSETS
Stocks 1,500 -
Debtors 5 28,748 17,838
Cash at bank 6,949 2,798
37,197 20,636
CREDITORS
Amounts falling due within one year 6 98,894 87,183
NET CURRENT LIABILITIES (61,697 ) (66,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,013

91,070

CREDITORS
Amounts falling due after more than one
year

7

(134,010

)

(63,799

)

PROVISIONS FOR LIABILITIES (29,018 ) (16,753 )
NET (LIABILITIES)/ASSETS (6,015 ) 10,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,115 ) 10,418
(6,015 ) 10,518

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.

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

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 7 November 2023 and were signed on its behalf by:




Mrs K Maccurrach - Director



A C J Maccurrach - Director


THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

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

1. STATUTORY INFORMATION

The Wildings Campsite Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and 4% on cost
Plant and machinery - 7.5% on cost
Fixtures and fittings - 7.5% on cost
Computer equipment - 20% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

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

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
Despite the overdrawn balance sheet, the company has the full backing from the shareholders who will continue to support the business. The shareholders have considered the risks and issues concerning the company and its activities and conclude there is no doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 151,095 13,845 5,574 1,501 172,015
Additions 72,338 - - - 72,338
At 31 March 2023 223,433 13,845 5,574 1,501 244,353
DEPRECIATION
At 1 April 2022 13,183 779 184 252 14,398
Charge for year 9,538 1,039 418 250 11,245
At 31 March 2023 22,721 1,818 602 502 25,643
NET BOOK VALUE
At 31 March 2023 200,712 12,027 4,972 999 218,710
At 31 March 2022 137,912 13,066 5,390 1,249 157,617

5. DEBTORS LESS THAN ONE YEAR
2023 2022
£    £   
Trade debtors 25,351 -
VAT 3,021 16,588
Prepayments 376 1,250
28,748 17,838

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,956 6,901
Trade creditors 15,774 -
Other creditors 6,400 500
Pension control 187 -
Wages control - (2,064 )
Social Security 331 (716 )
Directors' loan accounts 57,496 73,029
Deferred income - 7,538
Accrued expenses 1,750 1,995
98,894 87,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,573 7,122
Bank loans - 2-5 years 64,789 14,937
Bank loans more 5 yrs non-inst 44,648 41,740
134,010 63,799

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 44,648 41,740

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 150,966 -

On 14 November 2022 Lloyds Bank PLC registered a fixed and floating charge with negative pledge over the property and undertaking of the company.

9. 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
£    £   
Mrs K Maccurrach and A C J Maccurrach
Balance outstanding at start of year (73,029 ) (90,964 )
Amounts advanced 43,293 43,397
Amounts repaid (27,760 ) (25,462 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57,496 ) (73,029 )

THE WILDINGS CAMPSITE LTD (REGISTERED NUMBER: 11915594)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

No interest is being charged on the director's loan balance and there are no set repayment terms.