Company registration number 03483228 (England and Wales)
THORP PERROW ARBORETUM LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THORP PERROW ARBORETUM LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
THORP PERROW ARBORETUM LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
152,276
162,753
Investments
4
100
100
152,376
162,853
Current assets
Stocks
6,587
12,256
Debtors
5
10,725
6,261
Cash at bank and in hand
40,598
10,186
57,910
28,703
Creditors: amounts falling due within one year
6
(412,294)
(327,704)
Net current liabilities
(354,384)
(299,001)
Total assets less current liabilities
(202,008)
(136,148)
Creditors: amounts falling due after more than one year
7
-
0
(13,035)
Net liabilities
(202,008)
(149,183)
Capital and reserves
Called up share capital
348,000
348,000
Profit and loss reserves
(550,008)
(497,183)
Total equity
(202,008)
(149,183)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THORP PERROW ARBORETUM LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 August 2024
Sir H J W Ropner
Director
Company registration number 03483228 (England and Wales)
THORP PERROW ARBORETUM LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Thorp Perrow Arboretum Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Thorp Perrow, Bedale, North Yorkshire, DL8 2PR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and they, and the subsidiary company, will continue to support the company. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is derived from entry fees to the establishment, events held on site, and for sales of goods including food and beverages.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
4% straight line
Plant and equipment
25% Reducing balance
Fixtures and fittings
33% straight line
Motor vehicles
25% Reducing balance
Chattels
nil

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.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

THORP PERROW ARBORETUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price on a first in first out basis.

1.8
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs less any impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

THORP PERROW ARBORETUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Chattels
Total
£
£
£
£
Cost
At 1 April 2023
279,574
379,686
29,323
688,583
Additions
-
0
21,624
-
0
21,624
At 31 March 2024
279,574
401,310
29,323
710,207
Depreciation and impairment
At 1 April 2023
223,238
302,592
-
0
525,830
Depreciation charged in the year
10,834
21,267
-
0
32,101
At 31 March 2024
234,072
323,859
-
0
557,931
Carrying amount
At 31 March 2024
45,502
77,451
29,323
152,276
At 31 March 2023
56,336
77,094
29,323
162,753
THORP PERROW ARBORETUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,797
4,866
Other debtors
4,928
1,395
10,725
6,261
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
59,413
68,944
Trade creditors
62,750
47,258
Taxation and social security
21,130
11,897
Other creditors
269,001
199,605
412,294
327,704

Included within other creditors is a balance of £13,034 (2023 - £20,472) owed in relation to hire purchase agreements. Obligations under hire purchase agreements are secured on the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
13,035

Included within other creditors is a balance of £nil (2023 - £13,035) owed in relation to hire purchase agreements. Obligations under hire purchase agreements are secured on the assets to which they relate.

THORP PERROW ARBORETUM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
8
Operating lease commitments
Lessee

 

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
74,625
81,125
9
Related party transactions

At the 31 March 2024, included in other creditors, are amounts due to Sir HJW Ropner, the company's director of £115,831 (2023: £13,931).

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