Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-282022-09-28truefalsetrue12022-03-08The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13963805 2022-03-07 13963805 2022-03-08 2022-09-28 13963805 2021-03-08 2022-03-07 13963805 2022-09-28 13963805 c:Director1 2022-03-08 2022-09-28 13963805 d:CurrentFinancialInstruments 2022-09-28 13963805 d:Non-currentFinancialInstruments 2022-09-28 13963805 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-28 13963805 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-28 13963805 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-28 13963805 d:ShareCapital 2022-09-28 13963805 d:RetainedEarningsAccumulatedLosses 2022-09-28 13963805 c:OrdinaryShareClass1 2022-03-08 2022-09-28 13963805 c:OrdinaryShareClass1 2022-09-28 13963805 c:FRS102 2022-03-08 2022-09-28 13963805 c:AuditExempt-NoAccountantsReport 2022-03-08 2022-09-28 13963805 c:FullAccounts 2022-03-08 2022-09-28 13963805 c:PrivateLimitedCompanyLtd 2022-03-08 2022-09-28 13963805 6 2022-03-08 2022-09-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13963805









SHERWOOD COUNTRY PARK LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 SEPTEMBER 2022

 
SHERWOOD COUNTRY PARK LIMITED
REGISTERED NUMBER: 13963805

BALANCE SHEET
AS AT 28 SEPTEMBER 2022

2022
Note
£

Fixed assets
  

Investments
 4 
1,451,154

  
1,451,154

Current assets
  

Debtors: amounts falling due within one year
 5 
1,989,452

  
1,989,452

Creditors: amounts falling due within one year
 6 
(1,479,200)

Net current assets
  
 
 
510,252

Total assets less current liabilities
  
1,961,406

Creditors: amounts falling due after more than one year
 7 
(2,020,000)

  

Net (liabilities)/assets
  
(58,594)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(58,694)

  
(58,594)


Page 1

 
SHERWOOD COUNTRY PARK LIMITED
REGISTERED NUMBER: 13963805

BALANCE SHEET (CONTINUED)
AS AT 28 SEPTEMBER 2022

The Director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his 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 statement of comprehensive income 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 by: 





................................................
Mr M Barney
Director

Date: 16 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SHERWOOD COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2022

1.


General information

Sherwood Country Park Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 22 Chester Road, Sutton Coldfield, B73 5DA. The Company was incorporated on 8 March 2022 and the principal activity of the Company is that of a holding company.

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 Company's functional and presentational currency is Pounds sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director has considered the going concern basis in preparing these financial statements. He
has concluded that the going concern basis is appropriate because sufficient funds will be
generated from continued group support. The Director is confident that the group has the intention
and ability to provide the support required.
The financial statements do not include any adjustments that would result from the withdrawal of this support.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 3

 
SHERWOOD COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2022

2.Accounting policies (continued)

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,451,154



At 28 September 2022
1,451,154





5.


Debtors

2022
£


Amounts owed by group undertakings
1,963,731

Prepayments and accrued income
25,721

1,989,452


Page 4

 
SHERWOOD COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2022

6.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
1,476,200

Accruals and deferred income
3,000

1,479,200



7.


Creditors: Amounts falling due after more than one year

2022
£

Bank loans
2,020,000

2,020,000


Bank loans are secured by fixed and floating charges over all the assets and undertakings of the Company and its subsidiaries. 


8.


Loans


Analysis of the maturity of loans is given below:


2022
£


Amounts falling due 1-2 years

Bank loans
2,020,000


2,020,000



2,020,000



9.


Share capital

2022
£
Allotted, called up and fully paid


1 Share Capital share of £100.00
100




Page 5

 
SHERWOOD COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2022

10.


Related party transactions

During the period the Company operated an intercompany loan with its parent. The balance owed by the Company at the period end was £1,476,200. The balance is interest free, unsecured and repayable on demand.
During the period the Company operated a loan with its subsidiaries, the balance owed to the Company at the period end was £1,963,731. The balance is interest free, unsecured and repayable on demand.


11.


Controlling party

The controlling party of the Company is Grandular Living Limited by virtue of its 100% shareholding in Sherwood Country Park Limited. 
The Ultimate Controlling Party is Mr M E Barney by virtue of a 100% controlling interest of Grandular Living Limited.


Page 6