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REGISTERED NUMBER: SC318198 (Scotland)















Crown Parks Limited

Unaudited Financial Statements for the Year Ended 31 August 2023






Crown Parks Limited (Registered number: SC318198)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Crown Parks Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C A Welch (Snr)
A J Welch





REGISTERED OFFICE: Seaton House
Seaton Estate
Seaton Road
Seaton, Arbroath
Angus
DD11 5SE





REGISTERED NUMBER: SC318198 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Crown Parks Limited (Registered number: SC318198)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5 5

CURRENT ASSETS
Debtors 5 3,622,991 4,722,576
Cash at bank 1,065 100,885
3,624,056 4,823,461
CREDITORS
Amounts falling due within one year 6 334,202 556,429
NET CURRENT ASSETS 3,289,854 4,267,032
TOTAL ASSETS LESS CURRENT LIABILITIES 3,289,859 4,267,037

CREDITORS
Amounts falling due after more than one
year

7

3,315,272

4,292,450
NET LIABILITIES (25,413 ) (25,413 )

CAPITAL AND RESERVES
Called up share capital 102,000 102,000
Share premium 2,647,907 2,647,907
Retained earnings (2,775,320 ) (2,775,320 )
SHAREHOLDERS' FUNDS (25,413 ) (25,413 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Crown Parks Limited (Registered number: SC318198)

Statement of Financial Position - continued
31 August 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 6 February 2024 and were signed on its behalf by:





C A Welch (Snr) - Director


Crown Parks Limited (Registered number: SC318198)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Crown Parks Limited is a private company, limited by shares , registered in Scotland. 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.

The company is dependent on the financial support of its director and other group companies, who have continued to provide this support since the year end. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Crown Parks Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

Crown Parks Limited (Registered number: SC318198)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 5
NET BOOK VALUE
At 31 August 2023 5
At 31 August 2022 5

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,622,991 4,722,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 288,679 556,429
Amounts owed to group undertakings 45,523 -
334,202 556,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 3,315,272 4,292,450

8. LOANS

All interest costs relating to the bank loan are borne by the subsidiary, Crown Parks (Sales) Limited.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,603,951 -

The bank loans and overdrafts are secured in favour of Clydesdale Bank by a floating charge over the assets of the company and group. The bank also holds standard securities over land and buildings within the group.

There is also a personal guarantee of £100,000 provided by C A Welch, a director of the company.