Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3162023-01-01falseCaravan park6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04320233 2023-01-01 2023-12-31 04320233 2022-01-01 2022-12-31 04320233 2023-12-31 04320233 2022-12-31 04320233 c:Director2 2023-01-01 2023-12-31 04320233 d:Buildings 2023-01-01 2023-12-31 04320233 d:Buildings 2023-12-31 04320233 d:Buildings 2022-12-31 04320233 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:PlantMachinery 2023-01-01 2023-12-31 04320233 d:PlantMachinery 2023-12-31 04320233 d:PlantMachinery 2022-12-31 04320233 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:MotorVehicles 2023-01-01 2023-12-31 04320233 d:MotorVehicles 2023-12-31 04320233 d:MotorVehicles 2022-12-31 04320233 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:FurnitureFittings 2023-01-01 2023-12-31 04320233 d:FurnitureFittings 2023-12-31 04320233 d:FurnitureFittings 2022-12-31 04320233 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:OfficeEquipment 2023-01-01 2023-12-31 04320233 d:OfficeEquipment 2023-12-31 04320233 d:OfficeEquipment 2022-12-31 04320233 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04320233 d:FreeholdInvestmentProperty 2023-12-31 04320233 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 04320233 d:FreeholdInvestmentProperty 3 2023-01-01 2023-12-31 04320233 d:CurrentFinancialInstruments 2023-12-31 04320233 d:CurrentFinancialInstruments 2022-12-31 04320233 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04320233 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04320233 d:ShareCapital 2023-12-31 04320233 d:ShareCapital 2022-12-31 04320233 d:InvestmentPropertiesRevaluationReserve 2023-01-01 2023-12-31 04320233 d:InvestmentPropertiesRevaluationReserve 2023-12-31 04320233 d:InvestmentPropertiesRevaluationReserve 2022-12-31 04320233 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04320233 d:RetainedEarningsAccumulatedLosses 2023-12-31 04320233 d:RetainedEarningsAccumulatedLosses 2022-12-31 04320233 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04320233 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04320233 d:RetirementBenefitObligationsDeferredTax 2023-12-31 04320233 d:RetirementBenefitObligationsDeferredTax 2022-12-31 04320233 d:OtherDeferredTax 2023-12-31 04320233 d:OtherDeferredTax 2022-12-31 04320233 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04320233 c:OrdinaryShareClass1 2023-12-31 04320233 c:OrdinaryShareClass1 2022-12-31 04320233 c:OrdinaryShareClass2 2023-01-01 2023-12-31 04320233 c:OrdinaryShareClass2 2023-12-31 04320233 c:OrdinaryShareClass2 2022-12-31 04320233 c:OrdinaryShareClass3 2023-01-01 2023-12-31 04320233 c:OrdinaryShareClass3 2023-12-31 04320233 c:OrdinaryShareClass3 2022-12-31 04320233 c:FRS102 2023-01-01 2023-12-31 04320233 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04320233 c:FullAccounts 2023-01-01 2023-12-31 04320233 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04320233 2 2023-01-01 2023-12-31 04320233 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04320233










DOLGEAD HALL CARAVAN PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DOLGEAD HALL CARAVAN PARK LIMITED
REGISTERED NUMBER: 04320233

BALANCE SHEET
AS AT 31 DECEMBER 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,437,570
1,497,611

Investment property
  
250,000
-

  
1,687,570
1,497,611

Current assets
  

Stocks
  
421,033
314,881

Debtors: amounts falling due within one year
 7 
36,048
474,944

Cash at bank and in hand
 8 
200,251
347,418

  
657,332
1,137,243

Creditors: amounts falling due within one year
 9 
(127,567)
(207,721)

Net current assets
  
 
 
529,765
 
 
929,522

Total assets less current liabilities
  
2,217,335
2,427,133

Provisions for liabilities
  

Deferred tax
 10 
(149,886)
(81,473)

  
 
 
(149,886)
 
 
(81,473)

Net assets
  
2,067,449
2,345,660


Capital and reserves
  

Called up share capital 
 11 
22
22

Investment property reserve
 12 
58,499
-

Profit and loss account
 12 
2,008,928
2,345,638

  
2,067,449
2,345,660


Page 1

 
DOLGEAD HALL CARAVAN PARK LIMITED
REGISTERED NUMBER: 04320233
    
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 comprehensive income 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 19 September 2024.





A J Pryce
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dolgead Hall Caravan Park Limited, 04320233, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Dolgead Hall Caravan Park, Llanfair Caereinion, Welshpool, Powys, SY21 0HT.
The principal activity for this Company during the year continues to be the sale of caravans and holiday homes.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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

Revenue 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 revenue 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

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

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:

Freehold property
-
No depreciation
Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Office equipment
-
15%
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.

The directors believe the residual value of the freehold property is similar to that of the cost and therefore deprecation is not applied.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

Page 5

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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.

 
2.15

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year


4.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 6

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 January 2023
1,171,622
350,433
82,940
195,295
10,236


Additions
148,637
39,529
2,600
-
-


Disposals
-
(28,800)
-
-
-


Transfers between classes
(172,002)
-
-
-
-



At 31 December 2023

1,148,257
361,162
85,540
195,295
10,236



Depreciation


At 1 January 2023
-
121,785
30,636
153,615
6,879


Charge for the year on owned assets
-
37,507
13,726
6,250
503


Disposals
-
(7,981)
-
-
-



At 31 December 2023

-
151,311
44,362
159,865
7,382



Net book value



At 31 December 2023
1,148,257
209,851
41,178
35,430
2,854



At 31 December 2022
1,171,622
228,648
52,304
41,680
3,357
Page 7

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2023
1,810,526


Additions
190,766


Disposals
(28,800)


Transfers between classes
(172,002)



At 31 December 2023

1,800,490



Depreciation


At 1 January 2023
312,915


Charge for the year on owned assets
57,986


Disposals
(7,981)



At 31 December 2023

362,920



Net book value



At 31 December 2023
1,437,570



At 31 December 2022
1,497,611

Page 8

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


Surplus on revaluation
77,998


Transfers between classes
172,002



At 31 December 2023
250,000

2023
2022
£
£

Revaluation reserves


Net movement
58,499
-

At 31 December 2023
58,499
-



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
172,002
-

172,002
-


7.


Debtors

As restated
2023
2022
£
£


Trade debtors
340
127,373

Amounts owed by group undertakings
-
218,187

Other debtors
11,038
30,917

Prepayments and accrued income
24,670
98,467

36,048
474,944


Page 9

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
200,251
347,418

200,251
347,418



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
20,863
67,350

Other taxation and social security
79,721
130,610

Other creditors
14,512
7,386

Accruals and deferred income
12,471
2,375

127,567
207,721



10.


Deferred taxation




2023


£






At beginning of year
81,473


Charged to profit or loss
68,413



At end of year
149,886

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
130,398
81,497

Investment property revaluation
19,500
-

Short term timing
(12)
(24)

149,886
81,473

Page 10

 
DOLGEAD HALL CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary A shares of £1.00 each
2
2
10 (2022 - 10) Ordinary B shares of £1.00 each
10
10
10 (2022 - 10) Ordinary C shares of £1.00 each
10
10

22

22



12.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve consists of the property valuation to market value less any applicable deferred tax.

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders


13.


Prior year adjustment

A prior year adjustment has been made in respect of a property that is owned by Dolgead Hall Holdings Limited (parent company), but was previously included in the accounts of this company. The cost of the property was £218,187.


14.


Pension commitments

The Company operates a defined contributions pension scheme. 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 £1,150 (2022: £1,353). Contributions totaling £109 (2022: £223) were payable to the fund at the balance sheet date and are included in creditors.


15.


Controlling party

The company is under the control of Dolgead Hall (Holdings) Limited, a company incorporated in Wales. The registered office of the company is Dolgead Hall Caravan Park, Llanfair Caereinion, Welshpool, Powys, SY21 0HT.

 
Page 11