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Registered number: 12934235









WILD ROSE COUNTRY PARK LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
WILD ROSE COUNTRY PARK LIMITED
REGISTERED NUMBER: 12934235

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021 (unaudited)
Note
£
£

Fixed assets
  

Tangible assets
 4 
181,815
-

  
181,815
-

Current assets
  

Stocks
  
217,792
-

Debtors: amounts falling due within one year
 5 
266,813
100

Cash at bank and in hand
 6 
122,097
-

  
606,702
100

Creditors: amounts falling due within one year
 7 
(571,645)
-

Net current assets
  
 
 
35,057
 
 
100

Total assets less current liabilities
  
216,872
100

Provisions for liabilities
  

Deferred tax
  
(36,204)
-

  
 
 
(36,204)
 
 
-

Net assets
  
180,668
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
180,568
-

  
180,668
100


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 income and retained earnings 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 31 January 2024.




................................................
Mr M W Knowles
Director

Page 1

 
WILD ROSE COUNTRY PARK LIMITED
REGISTERED NUMBER: 12934235

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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

Page 2

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Wild Rose Country Parks Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of registered office is C/O Prestige Country Parks Melbourne Road, Allerthorpe, York, Yorkshire, United Kingdom, YO42 4RL. The principal activity of the Company is the operation of a holiday park and other leisure activities.
The Company is part of the Prestige Country Parks Limited Group.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sales of Mobile Homes
Sales of mobile homes are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place.
Recharge of expenses
The recharge of expenses are recognised on an accruals basis in the period to which they relate.
Site & maintenance fees
Site & maintenance fees are recognised on an accruals basis in the period to which they relate.

Page 3

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 current 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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.

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 balance sheet date.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20 years
Office equipment
-
5 years

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 estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet 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

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 5

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


Additions
103,130
-
1,924
-
105,054


Transfers intra group
56,154
4,000
1,675
37,000
98,829



At 31 December 2022

159,284
4,000
3,599
37,000
203,883



Depreciation


Charge for the year on owned assets
4,297
-
313
-
4,610


Transfers intra group
13,592
3,000
866
-
17,458



At 31 December 2022

17,889
3,000
1,179
-
22,068



Net book value



At 31 December 2022
141,395
1,000
2,420
37,000
181,815



At 31 December 2021 (unaudited)
-
-
-
-
-

At the year end assets with a net book value of £81,371 were transferred from Sandholme Country Park Limited, a fellow subsidiary.

Page 6

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Debtors

2022
2021 (unaudited)
£
£


Trade debtors
11,234
-

Amounts owed by group undertakings
208,179
100

Other debtors
45,014
-

Prepayments and accrued income
2,386
-

266,813
100



6.


Cash and cash equivalents

2022
2021 (unaudited)
£
£

Cash at bank and in hand
122,097
-

122,097
-



7.


Creditors: Amounts falling due within one year

2022
2021 (unaudited)
£
£

Trade creditors
47,639
-

Amounts owed to group undertakings
460,560
-

Corporation tax
21,231
-

Other creditors
9,000
-

Accruals and deferred income
33,215
-

571,645
-


Page 7

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Deferred taxation




2022


£






Charged to profit or loss
(36,204)



At end of year
(36,204)

The deferred taxation balance is made up as follows:

2022
2021 (unaudited)
£
£


Accelerated capital allowances
(36,204)
-

(36,204)
-


9.


Share capital

2022
2021 (unaudited)
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

During the year the Company operated intercompany loans with its parent and fellow subsidiaries. The net balance owed by the Company at 31 December 2022 was £252,381 (2021: due to the company:  £100). The balances are interest free, unsecured and repayable on demand.
During the year the Company paid a management charge totalling £21,320 (2021: £Nil) to its fellow subsidiary, Allerthorpe Golf and Country Park Limited. This charge was made on a commercial basis.
During the period five units were purchased for £403,199 (2021 - £40,000) from a fellow subsidiary.


11.


Controlling party

The Controlling Party is Prestige Country Parks Limited by virtue of its 100% shareholding.
The Ultimate Controlling Party is Mr M W Knowles & Mrs J A Knowles by virtue of their 100% shareholding in Prestige Country Parks Limited.

Page 8

 
WILD ROSE COUNTRY PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 1 February 2024 by Martin Williams ACA (Senior statutory auditor) on behalf of George Hay Partnership LLP.


Page 9