Silverfin false false 31/10/2023 01/11/2022 31/10/2023 N Colls 03/09/2008 J M Davies 03/09/2008 28 March 2024 The principal activity of the Company during the financial year was that of caravan site operators and caravan dealers. 06688027 2023-10-31 06688027 bus:Director1 2023-10-31 06688027 bus:Director2 2023-10-31 06688027 2022-10-31 06688027 core:CurrentFinancialInstruments 2023-10-31 06688027 core:CurrentFinancialInstruments 2022-10-31 06688027 core:ShareCapital 2023-10-31 06688027 core:ShareCapital 2022-10-31 06688027 core:RevaluationReserve 2023-10-31 06688027 core:RevaluationReserve 2022-10-31 06688027 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 06688027 core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 06688027 core:RetainedEarningsAccumulatedLosses 2023-10-31 06688027 core:RetainedEarningsAccumulatedLosses 2022-10-31 06688027 core:LandBuildings 2022-10-31 06688027 core:LeaseholdImprovements 2022-10-31 06688027 core:PlantMachinery 2022-10-31 06688027 core:Vehicles 2022-10-31 06688027 core:FurnitureFittings 2022-10-31 06688027 core:LandBuildings 2023-10-31 06688027 core:LeaseholdImprovements 2023-10-31 06688027 core:PlantMachinery 2023-10-31 06688027 core:Vehicles 2023-10-31 06688027 core:FurnitureFittings 2023-10-31 06688027 core:CostValuation 2022-10-31 06688027 core:DisposalsDecreaseInInvestments 2023-10-31 06688027 core:CostValuation 2023-10-31 06688027 core:UnlistedNon-exchangeTraded core:WithinOneYear 2023-10-31 06688027 core:UnlistedNon-exchangeTraded core:WithinOneYear 2022-10-31 06688027 2021-10-31 06688027 2022-11-01 2023-10-31 06688027 bus:FilletedAccounts 2022-11-01 2023-10-31 06688027 bus:SmallEntities 2022-11-01 2023-10-31 06688027 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06688027 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06688027 bus:Director1 2022-11-01 2023-10-31 06688027 bus:Director2 2022-11-01 2023-10-31 06688027 core:LandBuildings core:TopRangeValue 2022-11-01 2023-10-31 06688027 core:PlantMachinery 2022-11-01 2023-10-31 06688027 core:Vehicles 2022-11-01 2023-10-31 06688027 core:FurnitureFittings 2022-11-01 2023-10-31 06688027 2021-11-01 2022-10-31 06688027 core:LandBuildings 2022-11-01 2023-10-31 06688027 core:LeaseholdImprovements 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 06688027 (England and Wales)

BREAN DOWN CARAVAN PARK LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

BREAN DOWN CARAVAN PARK LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

BREAN DOWN CARAVAN PARK LIMITED

BALANCE SHEET

As at 31 October 2023
BREAN DOWN CARAVAN PARK LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,896,268 3,866,528
Investment property 4 1,270,860 852,000
Investments 5 0 100
5,167,128 4,718,628
Current assets
Stocks 6 146,549 56,800
Debtors 7 145,628 243,387
Investments 8 800,000 0
Cash at bank and in hand 1,881,013 3,021,894
2,973,190 3,322,081
Creditors: amounts falling due within one year 9 ( 205,260) ( 256,620)
Net current assets 2,767,930 3,065,461
Total assets less current liabilities 7,935,058 7,784,089
Provision for liabilities 10 ( 21,240) ( 10,154)
Net assets 7,913,818 7,773,935
Capital and reserves
Called-up share capital 6 6
Revaluation reserve 2,978,719 2,978,719
Fair value reserve 290,983 295,483
Profit and loss account 4,644,110 4,499,727
Total shareholders' funds 7,913,818 7,773,935

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Brean Down Caravan Park Limited (registered number: 06688027) were approved and authorised for issue by the Board of Directors on 28 March 2024. They were signed on its behalf by:

N Colls
Director
BREAN DOWN CARAVAN PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
BREAN DOWN CARAVAN PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brean Down Caravan Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, BS24 7JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received for caravan sales, pitch fees and other services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements not depreciated
Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes caravans purchased based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 7

3. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £ £
Cost
At 01 November 2022 3,801,778 21,979 66,958 83,119 12,609 3,986,443
Additions 0 0 4,946 41,603 0 46,549
Disposals 0 0 0 ( 24,216) 0 ( 24,216)
At 31 October 2023 3,801,778 21,979 71,904 100,506 12,609 4,008,776
Accumulated depreciation
At 01 November 2022 10,670 0 50,613 49,062 9,570 119,915
Charge for the financial year 1,779 0 3,866 8,093 456 14,194
Disposals 0 0 0 ( 21,601) 0 ( 21,601)
At 31 October 2023 12,449 0 54,479 35,554 10,026 112,508
Net book value
At 31 October 2023 3,789,329 21,979 17,425 64,952 2,583 3,896,268
At 31 October 2022 3,791,108 21,979 16,345 34,057 3,039 3,866,528

4. Investment property

Investment property
£
Valuation
As at 01 November 2022 852,000
Additions 423,360
Fair value movement (4,500)
As at 31 October 2023 1,270,860

Valuation

The director has reviewed the values of the investment properties in the accounts and is confident the value in the accounts represents fair value. The director felt a necessary fair value adjustment was needed for the year under review.

There has been no valuation of investment property by an independent valuer.

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 November 2022 100
Disposals ( 100)
At 31 October 2023 0
Carrying value at 31 October 2023 0
Carrying value at 31 October 2022 100

The company Brean Down Property Investments was dissolved on 31 October 2023.

6. Stocks

2023 2022
£ £
Stocks 146,549 56,800

7. Debtors

2023 2022
£ £
Trade debtors 64,875 5,318
Amounts owed by Group undertakings 0 177,952
Other debtors 80,753 60,117
145,628 243,387

8. Current asset investments

2023 2022
£ £
Other investments – at cost less impairment 800,000 0

9. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,447 36,931
Taxation and social security 31,519 46,111
Other creditors 170,294 173,578
205,260 256,620

10. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 10,154) ( 7,200)
Charged to the Profit and Loss Account ( 11,086) ( 2,954)
At the end of financial year ( 21,240) ( 10,154)