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REGISTERED NUMBER: 09722633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

OAKLANDS COUNTRY PARK LTD

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)






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


OAKLANDS COUNTRY PARK LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr N R Thompson
Mrs L A Thompson





REGISTERED OFFICE: Oaklands Country Park
Great Strickland
Penrith
Cumbria
CA10 3DH





REGISTERED NUMBER: 09722633 (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
OAKLANDS COUNTRY 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 Oaklands Country 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 Oaklands Country 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 Oaklands Country Park Ltd and state those matters that we have agreed to state to the Board of Directors of Oaklands Country 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 Oaklands Country Park Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oaklands Country 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 Oaklands Country Park Ltd. You consider that Oaklands Country 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 Oaklands Country 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

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 142,000 154,000
Tangible assets 5 581,209 523,453
723,209 677,453

CURRENT ASSETS
Stocks 19,017 19,017
Debtors 6 211,005 174,469
Cash at bank and in hand 72,499 944
302,521 194,430
CREDITORS
Amounts falling due within one year 7 1,030,877 786,409
NET CURRENT LIABILITIES (728,356 ) (591,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,147

)

85,474

CREDITORS
Amounts falling due after more than one
year

8

(10,055

)

(21,372

)

PROVISIONS FOR LIABILITIES 10 (40,115 ) (56,322 )
NET (LIABILITIES)/ASSETS (55,317 ) 7,780

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (55,417 ) 7,680
SHAREHOLDERS' FUNDS (55,317 ) 7,780

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.

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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


OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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

1. STATUTORY INFORMATION

Oaklands Country 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 2015, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Lodges - 20 years straight line

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.


OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 240,000
AMORTISATION
At 1 November 2022 86,000
Amortisation for year 12,000
At 31 October 2023 98,000
NET BOOK VALUE
At 31 October 2023 142,000
At 31 October 2022 154,000

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2022 29,677 397,802 27,406
Additions - 4,902 -
At 31 October 2023 29,677 402,704 27,406
DEPRECIATION
At 1 November 2022 - 154,259 16,863
Charge for year - 37,267 1,582
At 31 October 2023 - 191,526 18,445
NET BOOK VALUE
At 31 October 2023 29,677 211,178 8,961
At 31 October 2022 29,677 243,543 10,543

Motor
vehicles Lodges Totals
£    £    £   
COST
At 1 November 2022 40,151 228,000 723,036
Additions - 111,605 116,507
At 31 October 2023 40,151 339,605 839,543
DEPRECIATION
At 1 November 2022 28,461 - 199,583
Charge for year 2,922 16,980 58,751
At 31 October 2023 31,383 16,980 258,334
NET BOOK VALUE
At 31 October 2023 8,768 322,625 581,209
At 31 October 2022 11,690 228,000 523,453

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2022 108,000
Transfer to ownership (73,000 )
At 31 October 2023 35,000
DEPRECIATION
At 1 November 2022 40,356
Charge for year 10,147
Transfer to ownership (33,773 )
At 31 October 2023 16,730
NET BOOK VALUE
At 31 October 2023 18,270
At 31 October 2022 67,644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,067 16,742
Amounts owed by associates 179,196 116,997
Other debtors 10,742 40,730
211,005 174,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,018 4,894
Hire purchase contracts 6,292 17,428
Trade creditors 27,460 35,299
Amounts owed to associates 9,718 9,718
Taxation and social security 2,991 2,053
Other creditors 979,398 717,017
1,030,877 786,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,531 14,549
Hire purchase contracts 524 6,823
10,055 21,372

OAKLANDS COUNTRY PARK LTD (REGISTERED NUMBER: 09722633)

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
£    £   
Hire purchase contracts 6,816 24,251

Amounts due under hire purchase contracts are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 115,216 113,626
Tax losses carried forward (75,101 ) (57,304 )
40,115 56,322

Deferred
tax
£   
Balance at 1 November 2022 56,322
Provided during year (16,207 )
Balance at 31 October 2023 40,115

11. CALLED UP SHARE CAPITAL

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