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REGISTERED NUMBER: 05655912 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 28 February 2023

for

DENEMOUTH CARAVAN PARK LIMITED

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DENEMOUTH CARAVAN PARK LIMITED

Company Information
for the year ended 28 February 2023







DIRECTORS: N W Green
D T Green





SECRETARY: D T Green





REGISTERED OFFICE: Denemouth Caravan Park
Coast Road
Blackhall Rocks
Hartlepool
TS27 4BL





REGISTERED NUMBER: 05655912 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,552,767 1,526,715

CURRENT ASSETS
Stocks 4,000 3,750
Debtors 5 150,397 78,927
Cash at bank and in hand 97,911 145,888
252,308 228,565
CREDITORS
Amounts falling due within one year 6 505,344 551,214
NET CURRENT LIABILITIES (253,036 ) (322,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,299,731

1,204,066

CREDITORS
Amounts falling due after more than one
year

7

(109,471

)

(152,606

)

PROVISIONS FOR LIABILITIES (8,841 ) -
NET ASSETS 1,181,419 1,051,460

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Revaluation reserve 9 464,807 464,807
Retained earnings 516,612 386,653
SHAREHOLDERS' FUNDS 1,181,419 1,051,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




D T Green - Director



N W Green - Director


DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Denemouth Caravan Park 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Notes to the Financial Statements - continued
for the year ended 28 February 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 March 2022 1,500,000 82,132 56,781
Additions - 34,674 9,655
Disposals - - -
At 28 February 2023 1,500,000 116,806 66,436
DEPRECIATION
At 1 March 2022 - 77,081 50,694
Charge for year - 5,380 3,119
Eliminated on disposal - - -
At 28 February 2023 - 82,461 53,813
NET BOOK VALUE
At 28 February 2023 1,500,000 34,345 12,623
At 28 February 2022 1,500,000 5,051 6,087

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 63,007 5,152 1,707,072
Additions - - 44,329
Disposals (21,750 ) - (21,750 )
At 28 February 2023 41,257 5,152 1,729,651
DEPRECIATION
At 1 March 2022 48,296 4,286 180,357
Charge for year 3,361 217 12,077
Eliminated on disposal (15,550 ) - (15,550 )
At 28 February 2023 36,107 4,503 176,884
NET BOOK VALUE
At 28 February 2023 5,150 649 1,552,767
At 28 February 2022 14,711 866 1,526,715

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 February 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2007 464,807 - -
Valuation in 2008 400,000 - -
Valuation in 2012 (400,000 ) - -
Cost 1,035,193 116,806 66,436
1,500,000 116,806 66,436

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2007 - - 464,807
Valuation in 2008 - - 400,000
Valuation in 2012 - - (400,000 )
Cost 41,257 5,152 1,264,844
41,257 5,152 1,729,651

If freehold property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,035,193 1,035,193

Value of land in freehold land and buildings 660,000 660,000

Freehold land and property were valued on an open market basis on 28 February 2012 by Edwards and Partners .

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 15,495 21,750 37,245
Disposals - (21,750 ) (21,750 )
Transfer to ownership (15,495 ) - (15,495 )
At 28 February 2023 - - -
DEPRECIATION
At 1 March 2022 11,303 13,906 25,209
Charge for year - 1,644 1,644
Eliminated on disposal - (15,550 ) (15,550 )
Transfer to ownership (11,303 ) - (11,303 )
At 28 February 2023 - - -
NET BOOK VALUE
At 28 February 2023 - - -
At 28 February 2022 4,192 7,844 12,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 145,547 73,906
Other debtors 4,850 5,021
150,397 78,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,216
Trade creditors 4,561 6,485
Taxation and social security 48,353 64,035
Other creditors 452,430 475,478
505,344 551,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 2,145
Other creditors 109,471 150,461
109,471 152,606

DENEMOUTH CARAVAN PARK LIMITED (REGISTERED NUMBER: 05655912)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 154,471 200,461
Hire purchase contracts - 7,361
154,471 207,822

The mortgage is secured on the freehold property located at Coast Road, Blackhall Rocks Hartlepool.

The bank loan is secured by a fixed and floating charge on the assets of the Company.

Hire purchase liabilities are secured against the asset to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 464,807

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of D Green and N Green due to their ownership of the share capital.