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REGISTERED NUMBER: 14521166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

PARK FARM TOURISM LIMITED

PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK FARM TOURISM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTOR: Mrs C M Kerss





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 14521166 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 301,796

CURRENT ASSETS
Debtors 5 234
Cash at bank and in hand 5,867
6,101
CREDITORS
Amounts falling due within one year 6 145,468
NET CURRENT LIABILITIES (139,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,429

CREDITORS
Amounts falling due after more than one year 7 160,290
NET ASSETS 2,139

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 2,039
2,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mrs C M Kerss - Director


PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Park Farm Tourism 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had net current liabilities of £139,367 by virtue of its current liabilities exceeding its current assets. The director is confident that the going concern basis for the preparation of the financial statements is appropriate, and the parent company has confirmed its continuing support for the company in writing.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 20% reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Government grants
Government grants received are treated as deferred income and credited to the profit and loss account over the estimated useful life of the relevant fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings Totals
£    £    £    £   
COST
Additions 297,110 9,787 2,275 309,172
At 31 December 2023 297,110 9,787 2,275 309,172
DEPRECIATION
Charge for period 5,942 1,187 247 7,376
At 31 December 2023 5,942 1,187 247 7,376
NET BOOK VALUE
At 31 December 2023 291,168 8,600 2,028 301,796

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 7,166
At 31 December 2023 7,166
DEPRECIATION
Charge for period 955
At 31 December 2023 955
NET BOOK VALUE
At 31 December 2023 6,211

PARK FARM TOURISM LIMITED (REGISTERED NUMBER: 14521166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 DECEMBER 2022 TO 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 2,344
Trade creditors 11,355
Amounts owed to group undertakings 82,444
Taxation and social security 637
Other creditors 48,688
145,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 3,538
Amounts owed to group undertakings 119,152
Other creditors 37,600
160,290

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 5,882

9. CONTINGENT LIABILITIES

During the year, the company was successful in obtaining grant funding of £40,000 from the European Regional Development Fund to support the set-up capital costs of the business. The grant may be repayable if the grant conditions are not adhered to.

No provision has been made in the accounts as it is considered to be a remote possibility the conditions will not be satisfied.

10. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent company to be Stanton Farms Holdings Limited, a company incorporated in England and Wales. There is no overall controlling party of Stanton Farms Holdings Limited.

Registered office of business:
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE