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REGISTERED NUMBER: 09838342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TROUTBECK CARAVAN PARK LTD

TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TROUTBECK CARAVAN PARK LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr N R Thompson
Mrs L A Thompson





REGISTERED OFFICE: Summerdale
Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6SJ





REGISTERED NUMBER: 09838342 (England and Wales)





ACCOUNTANTS: RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TROUTBECK CARAVAN PARK LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Troutbeck Caravan Park Ltd for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Troutbeck Caravan Park Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Troutbeck Caravan Park Ltd and state those matters that we have agreed to state to the Board of Directors of Troutbeck Caravan Park Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Troutbeck Caravan Park Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Troutbeck Caravan Park Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Troutbeck Caravan Park Ltd. You consider that Troutbeck Caravan Park Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Troutbeck Caravan Park Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RfM Fylde Limited
Summerdale
Head Dyke Lane
Pilling
Lancashire
PR3 6SJ


16 April 2024

TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,240 100,800
Tangible assets 5 1,184,517 1,152,619
1,277,757 1,253,419

CURRENT ASSETS
Stocks 15,941 3,000
Debtors 6 88,086 103,105
Cash at bank 3,430 9,151
107,457 115,256
CREDITORS
Amounts falling due within one year 7 658,246 593,081
NET CURRENT LIABILITIES (550,789 ) (477,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,968

775,594

CREDITORS
Amounts falling due after more than one
year

8

(663,493

)

(692,650

)

PROVISIONS FOR LIABILITIES 10 (40,708 ) (39,173 )
NET ASSETS 22,767 43,771

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 22,667 43,671
SHAREHOLDERS' FUNDS 22,767 43,771

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

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

TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

BALANCE SHEET - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mr N R Thompson - Director


TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Troutbeck Caravan Park Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not depreciated and 20 years straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 151,200
AMORTISATION
At 1 November 2022 50,400
Amortisation for year 7,560
At 31 October 2023 57,960
NET BOOK VALUE
At 31 October 2023 93,240
At 31 October 2022 100,800

TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 1,042,137 95,648 43,784 92,210 1,273,779
Additions 24,745 6,022 - 41,245 72,012
At 31 October 2023 1,066,882 101,670 43,784 133,455 1,345,791
DEPRECIATION
At 1 November 2022 4,100 48,451 14,648 53,961 121,160
Charge for year 7,887 7,983 4,370 19,874 40,114
At 31 October 2023 11,987 56,434 19,018 73,835 161,274
NET BOOK VALUE
At 31 October 2023 1,054,895 45,236 24,766 59,620 1,184,517
At 31 October 2022 1,038,037 47,197 29,136 38,249 1,152,619

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,261 82,567
Other debtors 5,825 20,538
88,086 103,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,550 49,430
Trade creditors 1,016 128,426
Amounts owed to associates 189,196 116,997
Taxation and social security 7,048 1,835
Other creditors 420,436 296,393
658,246 593,081

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 663,493 692,650

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 493,914 472,464

TROUTBECK CARAVAN PARK LTD (REGISTERED NUMBER: 09838342)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 704,043 742,080

Bank loans are secured by fixed and floating charges over the freehold land and buildings and other assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 49,829 46,631
Tax losses carried forward (9,121 ) (7,458 )
40,708 39,173

Deferred
tax
£   
Balance at 1 November 2022 39,173
Provided during year 1,535
Balance at 31 October 2023 40,708

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100