Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseHoliday park76truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04455070 2023-01-01 2023-12-31 04455070 2022-01-01 2022-12-31 04455070 2023-12-31 04455070 2022-12-31 04455070 c:Director2 2023-01-01 2023-12-31 04455070 d:PlantMachinery 2023-01-01 2023-12-31 04455070 d:PlantMachinery 2023-12-31 04455070 d:PlantMachinery 2022-12-31 04455070 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04455070 d:MotorVehicles 2023-01-01 2023-12-31 04455070 d:MotorVehicles 2023-12-31 04455070 d:MotorVehicles 2022-12-31 04455070 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04455070 d:FurnitureFittings 2023-01-01 2023-12-31 04455070 d:FurnitureFittings 2023-12-31 04455070 d:FurnitureFittings 2022-12-31 04455070 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04455070 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04455070 d:OtherPropertyPlantEquipment 2023-12-31 04455070 d:OtherPropertyPlantEquipment 2022-12-31 04455070 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04455070 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04455070 d:Goodwill 2023-12-31 04455070 d:Goodwill 2022-12-31 04455070 d:CurrentFinancialInstruments 2023-12-31 04455070 d:CurrentFinancialInstruments 2022-12-31 04455070 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04455070 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04455070 d:ShareCapital 2023-12-31 04455070 d:ShareCapital 2022-12-31 04455070 d:RetainedEarningsAccumulatedLosses 2023-12-31 04455070 d:RetainedEarningsAccumulatedLosses 2022-12-31 04455070 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 04455070 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 04455070 c:FRS102 2023-01-01 2023-12-31 04455070 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04455070 c:FullAccounts 2023-01-01 2023-12-31 04455070 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04455070 2 2023-01-01 2023-12-31 04455070 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 04455070 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 04455070 d:LeasedAssetsHeldAsLessee 2023-12-31 04455070 d:LeasedAssetsHeldAsLessee 2022-12-31 04455070 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04455070









APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
REGISTERED NUMBER: 04455070

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
187,651
217,932

  
187,651
217,932

Current assets
  

Debtors: amounts falling due within one year
 6 
75,449
161,485

Cash at bank and in hand
 7 
513,841
327,446

  
589,290
488,931

Creditors: amounts falling due within one year
 8 
(78,095)
(68,368)

Net current assets
  
 
 
511,195
 
 
420,563

Total assets less current liabilities
  
698,846
638,495

  

Net assets
  
698,846
638,495


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
697,846
637,495

  
698,846
638,495


Page 1

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
REGISTERED NUMBER: 04455070
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 income and retained earnings 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 on 18 September 2024.






................................................
K Sanders
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company was incorporated in England and Wales and is a private company limited by share capital. The principal activity throughout the year was that of a caravan and camping site.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

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 income 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.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 4

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10% - 25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
25% reducing balance
Property improvements
-
10% 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.13

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 7 (2022 - 6).

Page 6

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
30,001



At 31 December 2023

30,001



Amortisation


At 1 January 2023
30,001



At 31 December 2023

30,001



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 7

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Property improve-ments
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
520,467
35,699
114,495
308,032
978,693


Additions
1,650
-
-
-
1,650



At 31 December 2023

522,117
35,699
114,495
308,032
980,343



Depreciation


At 1 January 2023
448,990
31,266
108,794
171,711
760,761


Charge for the year on owned assets
15,767
1,108
1,425
13,631
31,931



At 31 December 2023

464,757
32,374
110,219
185,342
792,692



Net book value



At 31 December 2023
57,360
3,325
4,276
122,690
187,651



At 31 December 2022
71,477
4,433
5,701
136,321
217,932

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
3,324
4,432

3,324
4,432

Page 8

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
56,339
64,720

Amounts owed by joint ventures and associated undertakings
200
200

Other debtors
-
83,217

Prepayments and accrued income
18,910
13,348

75,449
161,485



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
513,841
327,446

513,841
327,446



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,739
2,561

Corporation tax
50,460
53,477

Other taxation and social security
5,391
7,599

Other creditors
11,805
561

Accruals and deferred income
5,700
4,170

78,095
68,368



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
513,841
327,446




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 9

 
APPULDURCOMBE GARDEN HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £217 (2022 - £170). Contributions totalling £69 (2022 - £33) were payable to the fund at the balance sheet date.


11.


Related party transactions

During the year the Company made purchases of £nil (2022 - £200) on behalf of Wight Caravan Company Limited, a company in which the directors, Cherry and Kevin Sanders are also directors and shareholders.  At the year end £200 (2022 - £200) remained outstanding.


12.


Controlling party

The Company is controlled by the director Kevin Sanders, by virtue of his shareholding, as described in the Directors' report. 

 
Page 10