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Company No: 01037437 (England and Wales)

WAREHAM FOREST TOURIST PARK LIMITED

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

WAREHAM FOREST TOURIST PARK LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

WAREHAM FOREST TOURIST PARK LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
WAREHAM FOREST TOURIST PARK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr Anthony Birch
Mrs Sarah Birch
SECRETARY Mr Anthony Birch
REGISTERED OFFICE North Trigon
Wareham
Dorset
BH20 7NZ
United Kingdom
COMPANY NUMBER 01037437 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
WAREHAM FOREST TOURIST PARK LIMITED

BALANCE SHEET

As at 31 December 2023
WAREHAM FOREST TOURIST PARK LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,385,016 1,348,104
1,385,016 1,348,104
Current assets
Stocks 4 27,394 37,805
Debtors 5 20,889 14,303
Cash at bank and in hand 192,961 126,968
241,244 179,076
Creditors: amounts falling due within one year 6 ( 628,685) ( 539,654)
Net current liabilities (387,441) (360,578)
Total assets less current liabilities 997,575 987,526
Creditors: amounts falling due after more than one year 7 ( 15,659) ( 25,786)
Provision for liabilities ( 49,387) ( 40,159)
Net assets 932,529 921,581
Capital and reserves
Called-up share capital 8 2,000 2,000
Revaluation reserve 689,733 689,733
Profit and loss account 240,796 229,848
Total shareholder's funds 932,529 921,581

For the financial year ending 31 December 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 Wareham Forest Tourist Park Limited (registered number: 01037437) were approved and authorised for issue by the Board of Directors on 12 April 2024. They were signed on its behalf by:

Mr Anthony Birch
Director
WAREHAM FOREST TOURIST PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
WAREHAM FOREST TOURIST PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Wareham Forest Tourist 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 North Trigon, Wareham, Dorset, BH20 7NZ, 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services to customers in relation to caravan and pitch fees and shop sales.

The company recognises revenue in respect of caravan and pitch fees once the customers stay has taken place.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 4 - 10 years straight line

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

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

The stocks relate to items in the site shop and at each reporting date, stocks are assessed for impairment. If the stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 14

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 January 2023 1,292,922 448,860 1,741,782
Additions 0 59,162 59,162
Disposals 0 ( 37,753) ( 37,753)
At 31 December 2023 1,292,922 470,269 1,763,191
Accumulated depreciation
At 01 January 2023 0 393,678 393,678
Charge for the financial year 0 22,251 22,251
Disposals 0 ( 37,754) ( 37,754)
At 31 December 2023 0 378,175 378,175
Net book value
At 31 December 2023 1,292,922 92,094 1,385,016
At 31 December 2022 1,292,922 55,182 1,348,104

4. Stocks

2023 2022
£ £
Stocks 27,394 37,805

5. Debtors

2023 2022
£ £
Other debtors 20,889 14,303

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,119 9,870
Trade creditors 34,227 53,166
Amounts owed to Group undertakings 230,000 120,000
Corporation tax 19,243 26,124
VAT 44,718 33,149
Accruals and deferred income 287,858 297,345
Other creditors 2,520 0
628,685 539,654

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,659 25,786

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each 2,000 2,000

9. Related party transactions

Other related party transactions

2023 2022
£ £
Birchtime Limited 230,000 120,000

Birchtime Limited (Holding and Parent company)
At the beginning of the year Wareham Forest Tourist Park Limited owed Birchtime Limited £120,000 (2022: £265,000). During the year, advances of £135,000 (2022: £75,227) and repayments of £25,000 (2022: £220,227) were made. At the year end , the closing balance was £230,000 (2022: £120,000).
The company paid a management charge of £153,000 (2022: £153,000) to Birchtime Limited in the year.