Amperswick Limited 03678632 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is in the year under review was that of the operation of the Firs caravan park. Digita Accounts Production Advanced 6.30.9574.0 true 03678632 2023-01-01 2023-12-31 03678632 2023-12-31 03678632 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-12-31 03678632 core:RetainedEarningsAccumulatedLosses 2023-12-31 03678632 core:ShareCapital 2023-12-31 03678632 core:CurrentFinancialInstruments 2023-12-31 03678632 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03678632 core:Non-currentFinancialInstruments 2023-12-31 03678632 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03678632 core:Goodwill 2023-12-31 03678632 core:MoreThanFiveYears 1 2023-12-31 03678632 core:FurnitureFittingsToolsEquipment 2023-12-31 03678632 core:LandBuildings 2023-12-31 03678632 core:MotorVehicles 2023-12-31 03678632 core:OtherPropertyPlantEquipment 2023-12-31 03678632 bus:SmallEntities 2023-01-01 2023-12-31 03678632 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03678632 bus:FilletedAccounts 2023-01-01 2023-12-31 03678632 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03678632 bus:RegisteredOffice 2023-01-01 2023-12-31 03678632 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 03678632 bus:Director1 2023-01-01 2023-12-31 03678632 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-01-01 2023-12-31 03678632 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03678632 bus:Agent1 2023-01-01 2023-12-31 03678632 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03678632 core:ShareCapital 2023-01-01 2023-12-31 03678632 core:Goodwill 2023-01-01 2023-12-31 03678632 core:Buildings 2023-01-01 2023-12-31 03678632 core:FurnitureFittings 2023-01-01 2023-12-31 03678632 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03678632 core:LandBuildings 2023-01-01 2023-12-31 03678632 core:MotorVehicles 2023-01-01 2023-12-31 03678632 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03678632 core:PlantMachinery 2023-01-01 2023-12-31 03678632 countries:AllCountries 2023-01-01 2023-12-31 03678632 2022-12-31 03678632 core:RetainedEarningsAccumulatedLosses 2022-12-31 03678632 core:ShareCapital 2022-12-31 03678632 core:Goodwill 2022-12-31 03678632 core:FurnitureFittingsToolsEquipment 2022-12-31 03678632 core:LandBuildings 2022-12-31 03678632 core:MotorVehicles 2022-12-31 03678632 core:OtherPropertyPlantEquipment 2022-12-31 03678632 2022-01-01 2022-12-31 03678632 2022-12-31 03678632 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-12-31 03678632 core:RetainedEarningsAccumulatedLosses 2022-12-31 03678632 core:ShareCapital 2022-12-31 03678632 core:CurrentFinancialInstruments 2022-12-31 03678632 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03678632 core:Non-currentFinancialInstruments 2022-12-31 03678632 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 03678632 core:Goodwill 2022-12-31 03678632 core:MoreThanFiveYears 1 2022-12-31 03678632 core:FurnitureFittingsToolsEquipment 2022-12-31 03678632 core:LandBuildings 2022-12-31 03678632 core:MotorVehicles 2022-12-31 03678632 core:OtherPropertyPlantEquipment 2022-12-31 03678632 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 03678632 core:ShareCapital 2022-01-01 2022-12-31 03678632 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2021-12-31 03678632 core:ShareCapital core:PreviouslyStatedAmount 2021-12-31 03678632 core:PreviouslyStatedAmount 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03678632

Amperswick Limited

trading as Firs Caravan Park

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Amperswick Limited

trading as Firs Caravan Park

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 11

 

Amperswick Limited

trading as Firs Caravan Park

Company Information

Directors

H R Senchell

I J Senchell

Company secretary

I J Senchell

Registered office

29-31 London Road
Little Clacton
Clacton on Sea
Essex
CO16 9RN

Bankers

Lloyds TSB Bank plc
1 West Avenue
Clacton-on-sea
Essex
CO15 1QP

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Amperswick Limited

trading as Firs Caravan Park

(Registration number: 03678632)
Balance Sheet as at 31 December 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Intangible assets

4

421,988

464,542

Tangible assets

5

2,252,318

2,254,418

 

2,674,306

2,718,960

Current assets

 

Stocks

493,396

334,839

Debtors

6

26,835

15,505

Cash at bank and in hand

 

717,191

680,152

 

1,237,422

1,030,496

Creditors: Amounts falling due within one year

7

(833,028)

(847,192)

Net current assets

 

404,394

183,304

Total assets less current liabilities

 

3,078,700

2,902,264

Creditors: Amounts falling due after more than one year

7

(1,087,219)

(954,166)

Provisions for liabilities

(13,003)

(11,989)

Net assets

 

1,978,478

1,936,109

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,978,378

1,936,009

Shareholders' funds

 

1,978,478

1,936,109

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 September 2024 and signed on its behalf by:
 

 

Amperswick Limited

trading as Firs Caravan Park

(Registration number: 03678632)
Balance Sheet as at 31 December 2023

H R Senchell
Director

I J Senchell
Company secretary and director

 
     
 

Amperswick Limited

trading as Firs Caravan Park

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

1,936,009

1,936,109

Profit for the year

-

106,689

106,689

Dividends

-

(64,320)

(64,320)

At 31 December 2023

100

1,978,378

1,978,478


 

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

100

1,734,296

1,734,396

Profit for the year

-

302,521

302,521

Dividends

-

(100,808)

(100,808)

At 31 December 2022

100

1,936,009

1,936,109


 

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 29-31 London Road, Little Clacton, Clacton on Sea, Essex, CO16 9RN.

The principal place of business is: T/A Firs Caravan Park, 29 - 31 London Road, Little Clacton, Clacton on Sea, Essex, CO16 9RN.

These financial statements were authorised for issue by the Board on 6 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

Prior period errors

Depreciation has previously been charged on the land element included within freehold property as disclosed in note 5 within these accounts. This has been amended so that depreciation relates to only the buildings.

Furthermore, the Company has a liability in the comparative period on a purchase of land totalling £15,000 which was previously not included in the figures.

Relating to the current period disclosed in these financial statements
£

Relating to the prior period disclosed in these financial statements
£

Relating to periods before the prior period disclosed in these financial statements
£

Tangible assets

469,923

428,720

402,516

Tangible asset addition

-

15,000

-

Charge in year (profit and loss)

-

26,203

26,203

Charge in year (balance sheet)

-

26,203

26,203

Other creditor

-

15,000

-

Retained earnings bfwd

469,923

469,923

428,720

   

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the operating of the caravan park and the selling of caravans. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are assistance by government in the form of a transfer of resources to an entity in return for past or future compliance with specified conditions relating to the operating activities of the entity. Grants are recognised in the profit and loss account at the date they are received, under the performance model.

Tax

Current 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.

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

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Freehold property

2% straight line method

Plant and machinery

15% reducing balance method and 2% straight line method

Office and computer equipment

15% & 33% reducing balance method

Motor vehicles

25% reducing balance method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price.

Borrowings

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2022 - 14).

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

851,068

851,068

At 31 December 2023

851,068

851,068

Amortisation

At 1 January 2023

386,526

386,526

Amortisation charge

42,554

42,554

At 31 December 2023

429,080

429,080

Carrying amount

At 31 December 2023

421,988

421,988

At 31 December 2022

464,542

464,542

5

Tangible assets

Freehold property
£

Office and computer equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

2,434,523

99,557

119,371

70,321

2,723,772

Additions

-

2,006

-

40,000

42,006

Disposals

(7,330)

(20,171)

-

(995)

(28,496)

At 31 December 2023

2,427,193

81,392

119,371

109,326

2,737,282

Depreciation

At 1 January 2023

280,461

80,782

96,556

11,555

469,354

Charge for the year

22,187

3,480

5,703

2,710

34,080

Eliminated on disposal

(391)

(17,532)

-

(547)

(18,470)

At 31 December 2023

302,257

66,730

102,259

13,718

484,964

Carrying amount

At 31 December 2023

2,124,936

14,662

17,112

95,608

2,252,318

At 31 December 2022

2,154,062

18,775

22,815

58,766

2,254,418

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Debtors

2023
£

2022
£

Trade debtors

17,061

9,377

Other debtors

3,001

4,282

Prepayments

6,773

1,846

26,835

15,505

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

(As restated)

2022
£

Due within one year

 

Loans and borrowings

9

77,069

148,488

Trade creditors

 

155,400

100,327

Taxation and social security

 

57,056

85,626

Other creditors

 

478,735

435,352

Accruals and deferred income

 

64,768

77,399

 

833,028

847,192


Creditors include bank and other loans which are secured of £67,069 (2022 - £148,488).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

1,087,219

954,166

2023
£

2022
£

Due after more than five years

After more than five years by instalments

691,009

370,651

-

-

Creditors include bank and other loans which are secured of £1,087,219 (2022 - £954,166).

Creditors include bank and other loans repayable by instalments of £691,009 (2022 - £370,651) due after more than five years.

 

Amperswick Limited

trading as Firs Caravan Park

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank and other borrowings

77,069

148,488

2023
£

2022
£

Non-current loans and borrowings

Bank and other borrowings

949,569

954,166

Other borrowings

137,650

-

1,087,219

954,166

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £66,413 (2022 - £Nil).