Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investment property | 4 |
|
|
|
Investments | 5 |
|
|
|
5,167,128 | 4,718,628 | |||
Current assets | ||||
Stocks | 6 |
|
|
|
Debtors | 7 |
|
|
|
Investments | 8 |
|
|
|
Cash at bank and in hand |
|
|
||
2,973,190 | 3,322,081 | |||
Creditors: amounts falling due within one year | 9 | (
|
(
|
|
Net current assets | 2,767,930 | 3,065,461 | ||
Total assets less current liabilities | 7,935,058 | 7,784,089 | ||
Provision for liabilities | 10 | (
|
(
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Revaluation reserve |
|
|
||
Fair value reserve |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Brean Down Caravan Park Limited (registered number:
N Colls
Director |
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.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
Land and buildings |
|
Leasehold improvements | not depreciated |
Plant and machinery |
|
Vehicles |
|
Fixtures and fittings |
|
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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Land and buildings | Leasehold improve- ments |
Plant and machinery | Vehicles | Fixtures and fittings | Total | ||||||
£ | £ | £ | £ | £ | £ | ||||||
Cost | |||||||||||
At 01 November 2022 |
|
|
|
|
|
|
|||||
Additions |
|
|
|
|
|
|
|||||
Disposals |
|
|
|
(
|
|
(
|
|||||
At 31 October 2023 |
|
|
|
|
|
|
|||||
Accumulated depreciation | |||||||||||
At 01 November 2022 |
|
|
|
|
|
|
|||||
Charge for the financial year |
|
|
|
|
|
|
|||||
Disposals |
|
|
|
(
|
|
(
|
|||||
At 31 October 2023 |
|
|
|
|
|
|
|||||
Net book value | |||||||||||
At 31 October 2023 |
|
|
|
|
|
|
|||||
At 31 October 2022 |
|
|
|
|
|
|
Investment property | |
£ | |
Valuation | |
As at 01 November 2022 |
|
Additions | 423,360 |
Fair value movement | (4,500) |
As at 31 October 2023 |
|
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.
Investments in subsidiaries
2023 | |
£ | |
Cost | |
At 01 November 2022 |
|
Disposals | (
|
At 31 October 2023 |
|
Carrying value at 31 October 2023 |
|
Carrying value at 31 October 2022 |
|
The company Brean Down Property Investments was dissolved on 31 October 2023.
2023 | 2022 | ||
£ | £ | ||
Stocks |
|
|
2023 | 2022 | ||
£ | £ | ||
Trade debtors |
|
|
|
Amounts owed by Group undertakings |
|
|
|
Other debtors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Other investments – at cost less impairment |
|
|
2023 | 2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
At the beginning of financial year | (
|
(
|
|
Charged to the Profit and Loss Account | (
|
(
|
|
At the end of financial year | (
|
(
|