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Registered number: 11699462









CAMBRIDGE PARK & LEISURE HOMES LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
REGISTERED NUMBER: 11699462

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,291
39,668

  
42,291
39,668

Current assets
  

Stocks
 5 
130,646
130,646

Debtors: amounts falling due within one year
 6 
249,158
170,728

  
379,804
301,374

Creditors: amounts falling due within one year
 7 
(203,100)
(227,172)

Net current assets
  
 
 
176,704
 
 
74,202

Total assets less current liabilities
  
218,995
113,870

  

Net assets
  
218,995
113,870


Capital and reserves
  

Called up share capital 
 8 
5
5

Profit and loss account
  
218,990
113,865

  
218,995
113,870

Page 1

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
REGISTERED NUMBER: 11699462

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The Directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their 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 A White
Director

Date: 30 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


GENERAL INFORMATION

Cambridge Park & Leisure Homes Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 
The principal activity of the Company continued to be that of a residential and holiday park operator.

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 statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise.

 
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:
Sales of Mobile Homes
Sales of mobile homes are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place. 
Site Fees
Site fees are recognised on an accruals basis in the period to which they relate.
Commission
Commission received is recognised on an accruals basis in the period to which they relate

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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:

Motor vehicles
-
25%
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.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 4

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value. 

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. 

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
 
2.12

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).






Page 5

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


TANGIBLE FIXED ASSETS





Motor vehicles

£



Cost or valuation


At 1 December 2022
57,699


Additions
48,333


Disposals
(57,699)



At 30 November 2023

48,333



Depreciation


At 1 December 2022
18,031


Charge for the year on owned assets
6,042


Disposals
(18,031)



At 30 November 2023

6,042



Net book value



At 30 November 2023
42,291



At 30 November 2022
39,668


5.


STOCKS

2023
2022
£
£

Stock
130,646
130,646


Page 6

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


DEBTORS

2023
2022
£
£


Trade debtors
50,764
33,872

Other debtors
195,419
116,856

Prepayments and accrued income
-
20,000

Deferred taxation
2,975
-

249,158
170,728



7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
3,013
230

Trade creditors
28,662
15,162

Corporation tax
89,036
106,872

Other taxation and social security
26,501
4,550

Other creditors
36,079
78,446

Accruals and deferred income
19,809
21,912

203,100
227,172



8.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



5 (2022 - 5) Ordinary shares shares of £1.00 each
5
5


Page 7

 
CAMBRIDGE PARK & LEISURE HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


RELATED PARTY TRANSACTIONS

During the year the Company continued to operated loans with directors of the Company. The amount receivable to the company from the directors is £25,258 (2022 - company owed directors £774). The balance is shown within other debtors.
During the year the Company operated loans with connected companies. The amount payable to the company from these companies at the year end was £146,519 (2022 - £99,738). These are interest free, unsecured and repayable on demand and shown within other debtors.
During the year the Company operated loans with connected companies. The balance owed to these companies totalled £34,429 (2022 - £76,022). These are interest free, unsecured and repayable on demand and shown within other creditors.
The park which the company operates is owned personally by a director and no rent is charged to the Company.


10.


CONTROLLING PARTY

During the year there was no ultimate controlling party, control is shared equally by the shareholders.

Page 8