Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-01-24falsefalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14613479 2023-01-23 14613479 2023-01-24 2024-01-31 14613479 2022-01-24 2023-01-23 14613479 2024-01-31 14613479 c:Director1 2023-01-24 2024-01-31 14613479 d:FurnitureFittings 2023-01-24 2024-01-31 14613479 d:FurnitureFittings 2024-01-31 14613479 d:CurrentFinancialInstruments 2024-01-31 14613479 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14613479 d:ShareCapital 2024-01-31 14613479 d:RetainedEarningsAccumulatedLosses 2024-01-31 14613479 c:OrdinaryShareClass1 2023-01-24 2024-01-31 14613479 c:OrdinaryShareClass1 2024-01-31 14613479 c:FRS102 2023-01-24 2024-01-31 14613479 c:AuditExempt-NoAccountantsReport 2023-01-24 2024-01-31 14613479 c:FullAccounts 2023-01-24 2024-01-31 14613479 c:PrivateLimitedCompanyLtd 2023-01-24 2024-01-31 14613479 e:PoundSterling 2023-01-24 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14613479









CREST PARKS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
CREST PARKS LIMITED
REGISTERED NUMBER: 14613479

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,284

  
1,284

Current assets
  

Debtors: amounts falling due within one year
 5 
269

Cash at bank and in hand
  
687

  
956

Creditors: amounts falling due within one year
 6 
(43,242)

Net current (liabilities)/assets
  
 
 
(42,286)

Total assets less current liabilities
  
(41,002)

  

Net (liabilities)/assets
  
(41,002)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(41,003)

  
(41,002)


Page 1

 
CREST PARKS LIMITED
REGISTERED NUMBER: 14613479

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mr R Slattery
Director

Date: 3 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CREST PARKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Crest Parks Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom.
The principal activity of the Company is that of a touring holiday park.
The trading address of the Company is Cranberry Moss Camping & Caravan Site, Oswestry, SY10 8DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is pounds sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the going concern basis in preparing these financial statement. They have concluded that the going concern basis is appropriate because sufficient fund will be generated from future trading for a period of at least twelve months from the date of the aproval of these financial statements to enable the company to meet its liabilities as they arive.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Site Fees
Site fees are recognised on an accruals basis in the period to which they relate.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
CREST PARKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expenses recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectivley.

The current corporation tax charge is calculated on the basis of tax rates and law that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CREST PARKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objectives evidence of impairment is found an impairment loss is recognised in the Profit and Loss Account


3.


Employees





The average monthly number of employees, including the Director, during the period was 1.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,284



At 31 January 2024

1,284






Net book value



At 31 January 2024
1,284


5.


Debtors

2024
£


Trade debtors
269


Page 5

 
CREST PARKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
10,916

Other creditors
29,826

Accruals and deferred income
2,500

43,242



7.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


During the period 1 Ordinary share was issued and paid at par.


8.


Related party transactions

During the year the Company operated loans with the director of the Company. The amount payable to the directors of the Company at the year end was £29,826. This loan is interest free and repayable on demand.


9.


Controlling party

The controlling party is Mr R Slattery by virtue of his 100% shareholding.


Page 6