Registered number: 12385583
WILDWOOD PARK HOLDINGS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024
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WILDWOOD PARK HOLDINGS LIMITED
REGISTERED NUMBER: 12385583
BALANCE SHEET
AS AT 31 MARCH 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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WILDWOOD PARK HOLDINGS LIMITED
REGISTERED NUMBER: 12385583
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
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:
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Mr A J Barney
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The notes on pages 3 to 7 form part of these financial statements.
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WILDWOOD PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Wildwood Park Holdings Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 213 Cromford Road, Langley Mill, Nottingham, NG16 4EU.
The principal place of business is Wildwood Park, Siddington Road, Preston, Cirencester GL7 1PL.
The principal activity of the Company continued to be that of a holding company.
The company is part of the Baslow Parks Limited Group and group accounts can be obtained from Companies House.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The directors have considered the going concern basis in preparing these financial statements.
The current plans and forecasts indicate that the company will require the continued support of the group for the foreseeable future and the directors are confident that the group has the intention and ability to provide the support required.
Accordingly the directors consider it appropriate to prepare the financial statements on the going concern basis and no adjustments have been made should the company not be able to continue as a going concern.
The exceptional items are in relation to the impairment on investments, these transactions fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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WILDWOOD PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
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Impairment of fixed assets and goodwill
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Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
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
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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WILDWOOD PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Investments in subsidiary company
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Reversal of impairment losses
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WILDWOOD PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Allotted, called up and fully paid
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14,702 (2023 - 14,702) Ordinary A shares of £0.001 each
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500 (2023 - 500) Ordinary B shares of £0.001 each
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The company is jointly and severally liable in respect of the Parent Company’s bank loan facilities, which comprises revolving loan facilities with a combined maximum drawdown of £35,000,000. This is secured by fixed and floating charges over all the property or undertakings of the Company. At the end of the year the total amount drawn down was £31,632,128 (2023: £34,724,176).
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Related party transactions
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During the year the Company operated loans with other group companies and its parent company. The amounts owed to other group companies and its parent company at the year end was £7,535 (2023 - £12,635). These loans are interest free, unsecured and repayable on demand.
During the year the Company operated loans with the Directors' of the Company. The amount due from the Directors' at the year end was £1 (2023 - £1). This loan is interest free and repayable on demand.
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WILDWOOD PARK HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The Immediate Parent Undertaking was Baslow Holdings Developments Limited by virtue of its 100% controlling interest in Wildwood Park Holdings Limited.
The Ultimate Controlling Parent Undertaking is Baslow Parks Limited by virtue of its 100% controlling interest in the Company.
The Ultimate Controlling Parties are Mr A J & Mrs D M Barney by virtue of their 100% shareholding in Baslow Parks Limited.
The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.
The audit report was signed on 13 August 2024 by Andrew Timms (Senior Statutory Auditor) on behalf of UHY Hacker Young.
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