Silverfin false false 31/03/2024 01/04/2023 31/03/2024 C P Mikulla 29/01/1996 M Mikulla 07/10/2023 29/01/1996 19 August 2024 The principal activity of the company is that of residential and holiday park operators. 03151957 2024-03-31 03151957 bus:Director1 2024-03-31 03151957 bus:Director2 2024-03-31 03151957 2023-03-31 03151957 core:CurrentFinancialInstruments 2024-03-31 03151957 core:CurrentFinancialInstruments 2023-03-31 03151957 core:Non-currentFinancialInstruments 2024-03-31 03151957 core:Non-currentFinancialInstruments 2023-03-31 03151957 core:ShareCapital 2024-03-31 03151957 core:ShareCapital 2023-03-31 03151957 core:RetainedEarningsAccumulatedLosses 2024-03-31 03151957 core:RetainedEarningsAccumulatedLosses 2023-03-31 03151957 core:Goodwill 2023-03-31 03151957 core:Goodwill 2024-03-31 03151957 core:LandBuildings 2023-03-31 03151957 core:LeaseholdImprovements 2023-03-31 03151957 core:PlantMachinery 2023-03-31 03151957 core:Vehicles 2023-03-31 03151957 core:ComputerEquipment 2023-03-31 03151957 core:OtherPropertyPlantEquipment 2023-03-31 03151957 core:LandBuildings 2024-03-31 03151957 core:LeaseholdImprovements 2024-03-31 03151957 core:PlantMachinery 2024-03-31 03151957 core:Vehicles 2024-03-31 03151957 core:ComputerEquipment 2024-03-31 03151957 core:OtherPropertyPlantEquipment 2024-03-31 03151957 core:CostValuation 2023-03-31 03151957 core:CostValuation 2024-03-31 03151957 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-03-31 03151957 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-03-31 03151957 2023-04-01 2024-03-31 03151957 bus:FilletedAccounts 2023-04-01 2024-03-31 03151957 bus:SmallEntities 2023-04-01 2024-03-31 03151957 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03151957 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03151957 bus:Director1 2023-04-01 2024-03-31 03151957 bus:Director2 2023-04-01 2024-03-31 03151957 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 03151957 core:Goodwill 2023-04-01 2024-03-31 03151957 core:LandBuildings core:TopRangeValue 2023-04-01 2024-03-31 03151957 core:LeaseholdImprovements core:TopRangeValue 2023-04-01 2024-03-31 03151957 core:PlantMachinery 2023-04-01 2024-03-31 03151957 core:Vehicles 2023-04-01 2024-03-31 03151957 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 03151957 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03151957 2022-04-01 2023-03-31 03151957 core:LandBuildings 2023-04-01 2024-03-31 03151957 core:LeaseholdImprovements 2023-04-01 2024-03-31 03151957 core:ComputerEquipment 2023-04-01 2024-03-31 03151957 core:LandBuildings 1 2023-04-01 2024-03-31 03151957 core:LeaseholdImprovements 1 2023-04-01 2024-03-31 03151957 core:PlantMachinery 1 2023-04-01 2024-03-31 03151957 core:Vehicles 1 2023-04-01 2024-03-31 03151957 core:ComputerEquipment 1 2023-04-01 2024-03-31 03151957 core:OtherPropertyPlantEquipment 1 2023-04-01 2024-03-31 03151957 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 03151957 (England and Wales)

C.P. MIKULLA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

C.P. MIKULLA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

C.P. MIKULLA LIMITED

BALANCE SHEET

As at 31 March 2024
C.P. MIKULLA LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 200,000 300,000
Tangible assets 4 8,525,763 8,559,430
Investments 5 1,000 1,000
8,726,763 8,860,430
Current assets
Stocks 611,740 741,394
Debtors
- due within one year 6 436,777 89,298
- due after more than one year 6 209,750 209,750
Cash at bank and in hand 8,139,033 6,758,251
9,397,300 7,798,693
Creditors: amounts falling due within one year 7 ( 3,453,101) ( 3,007,679)
Net current assets 5,944,199 4,791,014
Total assets less current liabilities 14,670,962 13,651,444
Provision for liabilities ( 67,745) ( 62,218)
Net assets 14,603,217 13,589,226
Capital and reserves
Called-up share capital 2,000 2,000
Profit and loss account 14,601,217 13,587,226
Total shareholders' funds 14,603,217 13,589,226

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of C.P. Mikulla Limited (registered number: 03151957) were approved and authorised for issue by the Director on 19 August 2024. They were signed on its behalf by:

C P Mikulla
Director
C.P. MIKULLA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
C.P. MIKULLA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
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

C.P. Mikulla 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 Mendip Spring Golf & Country Club, Honey Hall Lane, Congresbury, BS49 5JT, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of caravans, commission earned on caravan sales, caravan holiday lets and provision of services provided to caravan owners including annual pitch fees. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
not depreciated
Leasehold improvements 50 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 4 years straight line
Other property, plant and equipment 15 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 12 11

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 1,375,000 1,375,000
At 31 March 2024 1,375,000 1,375,000
Accumulated amortisation
At 01 April 2023 1,075,000 1,075,000
Charge for the financial year 100,000 100,000
At 31 March 2024 1,175,000 1,175,000
Net book value
At 31 March 2024 200,000 200,000
At 31 March 2023 300,000 300,000

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Computer equipment Other property, plant
and equipment
Total
£ £ £ £ £ £ £
Cost
At 01 April 2023 8,386,174 145,808 284,897 63,500 1,804 220,611 9,102,794
Additions 0 0 5,450 69,500 0 0 74,950
Disposals 0 0 ( 1,735) 0 0 0 ( 1,735)
Transfers 145,808 ( 145,808) 0 0 0 0 0
At 31 March 2024 8,531,982 0 288,612 133,000 1,804 220,611 9,176,009
Accumulated depreciation
At 01 April 2023 211,907 12,171 148,208 8,005 1,222 161,851 543,364
Charge for the financial year 55,618 0 20,678 22,561 292 8,814 107,963
Disposals 0 0 ( 1,081) 0 0 0 ( 1,081)
Transfer 12,171 ( 12,171) 0 0 0 0 0
At 31 March 2024 279,696 0 167,805 30,566 1,514 170,665 650,246
Net book value
At 31 March 2024 8,252,286 0 120,807 102,434 290 49,946 8,525,763
At 31 March 2023 8,174,267 133,637 136,689 55,495 582 58,760 8,559,430

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 1,000
At 31 March 2024 1,000
Carrying value at 31 March 2024 1,000
Carrying value at 31 March 2023 1,000

6. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 39,803 11,621
Prepayments 96,974 77,677
Other debtors 300,000 0
436,777 89,298
Debtors: amounts falling due after more than one year
Amounts owed by connected companies 209,750 209,750

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 74,840 73,837
Amounts owed to own subsidiaries 2,280,661 1,879,983
Amounts owed to director 50,673 56,069
Accruals 27,586 85,814
Taxation and social security 212,238 207,212
Other creditors 807,103 704,764
3,453,101 3,007,679

8. Related party transactions

Transactions with the entity's director

The Directors' loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 each at the official HMRC rates.

At 1 April 2023, the balance owed to the director was £56,069. During the year, £62,032 was advanced to the director, and £56,636 was repaid by the director. At 31 March 2024, the balance owed to the director was £50,673.