2022-09-012023-08-312023-08-31false08697016Hoeys Caravans 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Hoeys Caravans Limited

Registered Number
08697016
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

Hoeys Caravans Limited
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

E H Delaney
D M Hoey

Registered Address

14a Main Street
Cockermouth
CA13 9LQ

Registered Number

08697016 (England and Wales)
Hoeys Caravans Limited
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets34,831,8374,152,658
4,831,8374,152,658
Current assets
Stocks821,545158,475
Debtors51,693123,681
Cash at bank and on hand1,326,6081,128,841
2,199,8461,410,997
Creditors amounts falling due within one year(916,669)(818,147)
Net current assets (liabilities)1,283,177592,850
Total assets less current liabilities6,115,0144,745,508
Creditors amounts falling due after one year(1,709,318)(1,524,262)
Provisions for liabilities(8,035)(6,017)
Net assets4,397,6613,215,229
Capital and reserves
Called up share capital100100
Profit and loss account4,397,5613,215,129
Shareholders' funds4,397,6613,215,229
The financial statements were approved and authorised for issue by the Board of Directors on 13 March 2024, and are signed on its behalf by:
D M Hoey
Director
Registered Company No. 08697016
Hoeys Caravans Limited
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Caravan parks - These are not subject to depreciation on the basis that the asset is primarily composed of land which would not ordinarily be depreciated. Investment properties - These are included in the balance sheet at their deemed market value. As such, investment properties are not subject to depreciation. Changes in market value are shown in the statement of total recognised gains and losses.

Straight line (years)
Plant and machinery5
Office Equipment2
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants and financial assistance are reflected in the financial statements for the year in which they apply. All of the grants received were paid under non-directional schemes and so they have been aggregated and shown on the face of the Income Statement.
2.Average number of employees

20232022
Average number of employees during the year87
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 224,165,233
Additions686,802
At 31 August 234,852,036
Depreciation and impairment
At 01 September 2212,575
Charge for year7,623
At 31 August 2320,198
Net book value
At 31 August 234,831,837
At 31 August 224,152,658
4.Other commitments
As at the balance sheet date, the company had financial commitments totalling £1,940,507 with regard to loan arrangements it had entered into (2022: £1,686,895). The company is committed to making loan repayments of £231,189 during the 12 months following the balance sheet date (2022: £162,634). Loan payments falling due in over 12 months are £1,709,318 (2022: £1,524,262). The company has provided fixed and floating charges over its assets to the provider of the loan capital as security against the loan advanced.