Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-012falsedevelopment of a holiday park2truetrue 11085845 2022-01-01 2022-12-31 11085845 2021-01-01 2021-12-31 11085845 2022-12-31 11085845 2021-12-31 11085845 2021-01-01 11085845 c:Director2 2022-01-01 2022-12-31 11085845 d:PlantMachinery 2022-01-01 2022-12-31 11085845 d:PlantMachinery 2022-12-31 11085845 d:PlantMachinery 2021-12-31 11085845 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11085845 d:MotorVehicles 2022-01-01 2022-12-31 11085845 d:MotorVehicles 2022-12-31 11085845 d:MotorVehicles 2021-12-31 11085845 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11085845 d:OfficeEquipment 2022-01-01 2022-12-31 11085845 d:OfficeEquipment 2022-12-31 11085845 d:OfficeEquipment 2021-12-31 11085845 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11085845 d:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 11085845 d:OtherPropertyPlantEquipment 2022-12-31 11085845 d:OtherPropertyPlantEquipment 2021-12-31 11085845 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11085845 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11085845 d:CurrentFinancialInstruments 2022-12-31 11085845 d:CurrentFinancialInstruments 2021-12-31 11085845 d:Non-currentFinancialInstruments 2022-12-31 11085845 d:Non-currentFinancialInstruments 2021-12-31 11085845 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11085845 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11085845 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11085845 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11085845 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11085845 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 11085845 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11085845 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 11085845 d:ShareCapital 2022-12-31 11085845 d:ShareCapital 2021-12-31 11085845 d:RetainedEarningsAccumulatedLosses 2022-12-31 11085845 d:RetainedEarningsAccumulatedLosses 2021-12-31 11085845 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11085845 c:OrdinaryShareClass1 2022-12-31 11085845 c:OrdinaryShareClass1 2021-12-31 11085845 c:FRS102 2022-01-01 2022-12-31 11085845 c:Audited 2022-01-01 2022-12-31 11085845 c:FullAccounts 2022-01-01 2022-12-31 11085845 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11085845 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 11085845 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11085845 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11085845









SANDHOLME COUNTRY PARK LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
SANDHOLME COUNTRY PARK LIMITED
REGISTERED NUMBER: 11085845

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021 (unaudited)
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
88,344

  
-
88,344

Current assets
  

Stocks
 5 
-
433,609

Debtors: amounts falling due within one year
 6 
912,090
455,177

Cash at bank and in hand
  
906
7,304

  
912,996
896,090

Creditors: amounts falling due within one year
 7 
(854,507)
(859,646)

Net current assets
  
 
 
58,489
 
 
36,444

Total assets less current liabilities
  
58,489
124,788

Creditors: amounts falling due after more than one year
 8 
(24,912)
(34,909)

Provisions for liabilities
  

Deferred tax
 10 
-
(12,836)

  
 
 
-
 
 
(12,836)

Net assets
  
33,577
77,043


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
33,477
76,943

  
33,577
77,043

Page 1

 
SANDHOLME COUNTRY PARK LIMITED
REGISTERED NUMBER: 11085845

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 1 February 2024.




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

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
SANDHOLME COUNTRY PARK LIMITED
 

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

1.


General information

Sandholme 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 C/O Prestige Country Parks Melbourne Road, Allerthorpe, York, Yorkshire, United Kingdom, YO42 4RL. The principal activity of the Company is the development of a holiday park. 
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 Company's functional and presentational currency is Pound sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading and continued group support for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise. 
The financial statements do not include any adjustments that would be result from the withdrawal of this support.

 
2.3

Turnover

Turnover is recognised by the Company to the extent that it obtains the right to consideration in exchange for its performance. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. Monies received in advance are treated as deferred income and held as payments on account. 
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. 
Rent and other income
Rent and other income is recorded in the period in which it relates.

 
2.4

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.

Page 3

 
SANDHOLME COUNTRY PARK LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Corporation and deferred taxation

The tax expense for the year comprises corporation 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.

 
2.6

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

Depreciation is provided on the following basis:

Other fixed assets
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
20%
straight line
Assets under construction
-
not depreciated

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.

Page 4

 
SANDHOLME COUNTRY PARK LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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 Statement of income and retained earnings.


3.


Employees




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

Page 5

 


 
SANDHOLME COUNTRY PARK LIMITED


 

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


4.


Tangible fixed assets






Other fixed assets
Motor vehicles
Office equipment
Assets under construction
Total

£
£
£
£
£





At 1 January 2022
48,705
4,000
1,675
37,000
91,380


Additions
7,449
-
-
-
7,449


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



At 31 December 2022

-
-
-
-
-





At 1 January 2022
506
2,000
530
-
3,036


Charge for the year on owned assets
13,086
1,000
336
-
14,422


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



At 31 December 2022

-
-
-
-
-



Net book value



At 31 December 2022
-
-
-
-
-



At 31 December 2021
48,199
2,000
1,145
37,000
88,344

At the year end the fixed assets were transferred to Wildrose Country Park Ltd, a fellow subsidiary.

Page 6

 
SANDHOLME COUNTRY PARK LIMITED
 

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

5.


Stocks

2022
2021 (unaudited)
£
£

Raw materials and consumables
-
275,354

Work in progress (goods to be sold)
-
158,255

-
433,609



6.


Debtors

2022
2021 (unaudited)
£
£


Trade debtors
-
1,074

Amounts owed by group undertakings
912,090
452,315

Other debtors
-
1,055

Prepayments and accrued income
-
733

912,090
455,177



7.


Creditors: Amounts falling due within one year

2022
2021 (unaudited)
£
£

Bank loans
9,929
9,578

Trade creditors
20,191
12,919

Amounts owed to group undertakings
799,273
826,016

Corporation tax
1,143
908

Other taxation and social security
2,592
-

Accruals and deferred income
21,379
10,225

854,507
859,646




Page 7

 
SANDHOLME COUNTRY PARK LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2022
2021 (unaudited)
£
£

Bank loans
24,912
34,909

24,912
34,909


The following liabilities were secured:

2022
2021 (unaudited)
£
£



Bank loans
34,841
44,487

34,841
44,487

Details of security provided:

The bank loan outstanding at the year end is a Coronavirus Bounce Back loan secured by the government.


9.


Loans


Analysis of the maturity of loans is given below:


2022
2021 (unaudited)
£
£

Amounts falling due within one year

Bank loans
9,929
9,578


9,929
9,578

Amounts falling due 1-2 years

Bank loans
10,183
9,997


10,183
9,997

Amounts falling due 2-5 years

Bank loans
14,729
24,912


14,729
24,912


34,841
44,487

Page 8

 
SANDHOLME COUNTRY PARK LIMITED
 

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

10.


Deferred taxation




2022
2021 (unaudited)


£

£






At beginning of year
(12,836)
(851)


Charged to profit or loss
12,836
(11,985)



At end of year
-
(12,836)

The deferred taxation balance is made up as follows:

2022
2021 (unaudited)
£
£


Accelerated capital allowances
-
(12,836)

-
(12,836)


11.


Share capital

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



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



12.


Contingent liabilities

The Company is jointly and severally liable in respect of the Parent Company's bank loan facility, which amounted to £122,761 at the year end (2021 - £146,105). The loan facility is secured by fixed and floating charges over all the stock of the Company.


13.


Related party transactions

During the period The Company entered in to an intercompany loans with fellow group companies. The balances are unsecured, interest free and repayable on demand and shown within debtors and creditors. The net balances of the intercompany loans at the period end was £112,817 (2021 - £373,701).
During the period five units were sold for £403,199 (2021 - £40,000) to a fellow subsidiary.


14.


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 Prestigue Country Parks Limited.
Page 9

 
SANDHOLME COUNTRY PARK LIMITED
 

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

15.


Auditors' information

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

The qualification in the audit report was as follows:
We were appointed as auditors of the group on 10 September 2023 and thus did not observe the counting of the physical inventories at 31 December 2021 and were unable to satisfy ourselves by alternative means concerning stock quantities held at that date of £433,609.
Since stock enters into the determination of financial performance we were unable to determine whether adjustments might have been necessary in respect of the profit for the year reported in the Statement of Comprehensive Income.  
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. .

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


Page 10