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REGISTERED NUMBER: 13968842 (England and Wales)












WATERS EDGE COUNTRY PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERS EDGE COUNTRY PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







Directors: Mr M P J McCarthy
Mrs K A McCarthy
Mr T J McCarthy
Mr M P McCarthy





Secretary: Mr M P J McCarthy





Registered office: UK Leisure Group Head Office
Six Arches Caravan Park
Station Lane, Scorton
GARSTANG
PR3 1AL





Registered number: 13968842 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 225,000 237,500
Tangible assets 5 3,116,113 3,114,489
3,341,113 3,351,989

Current assets
Stocks 566,225 88,044
Debtors 6 111,866 80,644
Cash at bank and in hand 123,231 244,312
801,322 413,000
Creditors
Amounts falling due within one year 7 2,272,112 1,747,306
Net current liabilities (1,470,790 ) (1,334,306 )
Total assets less current liabilities 1,870,323 2,017,683

Creditors
Amounts falling due after more than one
year

8

(1,826,394

)

(1,938,000

)

Provisions for liabilities (16,110 ) (21,332 )

Accruals and deferred income (174,893 ) (103,448 )
Net liabilities (147,074 ) (45,097 )

Capital and reserves
Called up share capital 100 100
Retained earnings (147,174 ) (45,197 )
(147,074 ) (45,097 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 15 September 2024 and were signed on its behalf by:





Mr M P McCarthy - Director


WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Waters Edge Country Park 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. Accounting policies - continued
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 year 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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 February 2023
and 31 January 2024 250,000
Amortisation
At 1 February 2023 12,500
Charge for year 12,500
At 31 January 2024 25,000
Net book value
At 31 January 2024 225,000
At 31 January 2023 237,500

WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 February 2023 3,031,598 98,000 3,129,598
Additions 28,926 18,277 47,203
Disposals - (34,500 ) (34,500 )
At 31 January 2024 3,060,524 81,777 3,142,301
Depreciation
At 1 February 2023 409 14,700 15,109
Charge for year 988 15,266 16,254
Eliminated on disposal - (5,175 ) (5,175 )
At 31 January 2024 1,397 24,791 26,188
Net book value
At 31 January 2024 3,059,127 56,986 3,116,113
At 31 January 2023 3,031,189 83,300 3,114,489

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 12,683 25,345
Amounts owed by participating interests 95,077 45,064
Other debtors 4,106 10,235
111,866 80,644

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 111,414 62,000
Trade creditors 166,521 78,188
Amounts owed to participating interests 1,993,018 1,607,118
Taxation and social security 1,159 -
2,272,112 1,747,306

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,826,394 1,938,000

WATERS EDGE COUNTRY PARK LIMITED (REGISTERED NUMBER: 13968842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,937,808 2,000,000

The bank loan is secured by fixed and floating charges on the Freehold land and property at Kneps Farm Caravan Site, River road, Thornton Cleveleys FY5 5LR