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REGISTERED NUMBER: 03308570 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SWEEPCHARM LIMITED
TRADING AS
BEMPTON CHALET PARK

SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWEEPCHARM LIMITED
TRADING AS BEMPTON CHALET PARK

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J M Stainforth
S Stainforth
C M Stainforth
C J Stainforth





SECRETARY: S Stainforth





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 03308570 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,650,869 599,128
2,650,869 599,128

CURRENT ASSETS
Stocks 64,765 74,085
Debtors 6 487,680 522,672
Investments 7 - 144,416
Cash at bank and in hand 2,315,422 3,773,773
2,867,867 4,514,946
CREDITORS
Amounts falling due within one year 8 315,852 185,806
NET CURRENT ASSETS 2,552,015 4,329,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,202,884

4,928,268

PROVISIONS FOR LIABILITIES 12,264 5,236
NET ASSETS 5,190,620 4,923,032

CAPITAL AND RESERVES
Called up share capital 9 35,100 35,100
Non distributable reserve 10 98,599 111,857
Retained earnings 10 5,056,921 4,776,075
SHAREHOLDERS' FUNDS 5,190,620 4,923,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




J M Stainforth - Director C M Stainforth - Director




S Stainforth - Director C J Stainforth - Director


SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

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

1. STATUTORY INFORMATION

Sweepcharm Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the caravan park operations, 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 2011, is being amortised evenly over its estimated useful life of ten 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 - see below
Park equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Freehold property comprises buildings, depreciated at a rate of 2% on a straight line basis, and land which is not depreciated.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 17,500
AMORTISATION
At 1 February 2023
and 31 January 2024 17,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 850,058 348,524 1,198,582
Additions 2,073,904 - 2,073,904
At 31 January 2024 2,923,962 348,524 3,272,486
DEPRECIATION
At 1 February 2023 278,489 320,965 599,454
Charge for year 16,400 5,763 22,163
At 31 January 2024 294,889 326,728 621,617
NET BOOK VALUE
At 31 January 2024 2,629,073 21,796 2,650,869
At 31 January 2023 571,569 27,559 599,128

Cost or valuation at 31 January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1998 332,150 - 332,150
Valuation in 1999 (10,000 ) - (10,000 )
Cost 2,601,812 348,524 2,950,336
2,923,962 348,524 3,272,486

If freehold property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 2,601,812 527,908
Aggregate depreciation 132,286 126,329

Value of land in freehold land and buildings 2,103,944 30,040

Freehold land and buildings were valued on an open market basis on 31 January 1999 by the directors .

SWEEPCHARM LIMITED (REGISTERED NUMBER: 03308570)
TRADING AS BEMPTON CHALET PARK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,520 48,395
Other debtors 486,160 474,277
487,680 522,672

7. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
NFU - Capital Access Bond - 144,416

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 17,411 3,780
Taxation and social security 138,281 96,838
Other creditors 160,160 85,188
315,852 185,806

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
35,100 Ordinary £1 35,100 35,100

10. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 February 2023 4,776,075 111,857 4,887,932
Profit for the year 408,232 408,232
Dividends (133,829 ) (133,829 )
Transfer from revaluation reserve 6,443 (6,443 ) -
Non distributable transfer - (6,815 ) (6,815 )
At 31 January 2024 5,056,921 98,599 5,155,520