Company registration number 05651113 (England and Wales)
PLAS UCHAF CARAVAN PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 8 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
PLAS UCHAF CARAVAN PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PLAS UCHAF CARAVAN PARK LIMITED
BALANCE SHEET
AS AT 8 FEBRUARY 2024
08 February 2024
- 1 -
8 February 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
783,574
Current assets
Stocks
-
16,900
Debtors
6
3,378
2,761
Cash at bank and in hand
831,110
653,709
834,488
673,370
Creditors: amounts falling due within one year
7
(159,850)
Net current assets
834,488
513,520
Total assets less current liabilities
834,488
1,297,094
Provisions for liabilities
(41,269)
Net assets
834,488
1,255,825
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
834,388
1,255,725
Total equity
834,488
1,255,825
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 8 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 February 2024
Mr P V Evans
Director
Company registration number 05651113 (England and Wales)
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 8 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information
Plas Uchaf Caravan Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The accounts have been prepared for the period from 1 January 2023 to 8 February 2024. The company ceased trading on 18 January 2023 and entered members' voluntary liquidation on 8 February 2024.
1.3
Turnover
The turnover shown in the profit and loss account represents the invoice value of goods/services provided, net of value added tax. Turnover relates to annual site rents, tourer rents, caravan sales, commission on caravan sales, meter collection, rates recharges and gas sales.
1.4
Intangible fixed assets - goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - written off over 20 years
If there is an indication that there has been significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect new estimates.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% straight line
Property improvements
2% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 8 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 8 FEBRUARY 2024
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
4
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
60,000
Disposals
(60,000)
At 8 February 2024
Amortisation and impairment
At 1 January 2023
60,000
Disposals
(60,000)
At 8 February 2024
Carrying amount
At 8 February 2024
At 31 December 2022
PLAS UCHAF CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 8 FEBRUARY 2024
- 5 -
5
Tangible fixed assets
Plant and equipment
Property improvements
Total
£
£
£
Cost
At 1 January 2023
45,412
966,485
1,011,897
Disposals
(45,412)
(966,485)
(1,011,897)
At 8 February 2024
Depreciation and impairment
At 1 January 2023
29,368
198,955
228,323
Eliminated in respect of disposals
(29,368)
(198,955)
(228,323)
At 8 February 2024
Carrying amount
At 8 February 2024
At 31 December 2022
16,045
767,529
783,574
6
Debtors
2024
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
120
Other debtors
735
Prepayments and accrued income
2,523
2,761
3,378
2,761
7
Creditors: amounts falling due within one year
2024
2022
£
£
Bank loans
35,833
Taxation and social security
23,019
Other creditors
100,998
159,850