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REGISTERED NUMBER: 00691090 (England and Wales)






















Ulrome Seaside Caravan Company Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Ulrome Seaside Caravan Company Limited (Registered number: 00691090)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ulrome Seaside Caravan Company Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: W M Houghton
Mrs E M Wood





REGISTERED OFFICE: East Farm
Ulrome
Skipsea
Driffield
East Yorkshire
YO25 8TT





REGISTERED NUMBER: 00691090 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 787,276 784,534

CURRENT ASSETS
Stocks 97,644 55,612
Debtors 5 4,800,981 4,479,814
Cash at bank and in hand 2,730,291 2,669,079
7,628,916 7,204,505
CREDITORS
Amounts falling due within one year 6 442,898 472,437
NET CURRENT ASSETS 7,186,018 6,732,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,973,294

7,516,602

PROVISIONS FOR LIABILITIES 7,777 5,361
NET ASSETS 7,965,517 7,511,241

CAPITAL AND RESERVES
Called up share capital 7 4,500 4,500
Retained earnings 7,961,017 7,506,741
SHAREHOLDERS' FUNDS 7,965,517 7,511,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Balance Sheet - continued
31st December 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:





W M Houghton - Director


Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Ulrome Seaside Caravan Company 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can me measured reliably. This is usually at the point of sale.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land- nil
Plant and machinery etc- between 10% and 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow- moving stock where appropriate.


Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Employee benefits
When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operated a defined contribution plan for the benefit of its employees. Contributions are expensed as the become payable.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 754,782 389,359 1,144,141
Additions - 11,928 11,928
At 31st December 2023 754,782 401,287 1,156,069
DEPRECIATION
At 1st January 2023 - 359,607 359,607
Charge for year - 9,186 9,186
At 31st December 2023 - 368,793 368,793
NET BOOK VALUE
At 31st December 2023 754,782 32,494 787,276
At 31st December 2022 754,782 29,752 784,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,742 7,103
Other debtors 4,790,239 4,472,711
4,800,981 4,479,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,922 9,176
Taxation and social security 141,003 173,183
Other creditors 284,973 290,078
442,898 472,437

7. CALLED UP SHARE CAPITAL

The share capital of £4,500 (2022: £4,500) is allotted, called up and fully paid.

Ulrome Seaside Caravan Company Limited (Registered number: 00691090)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
W M Houghton
Balance outstanding at start of year 12,000 (14,144 )
Amounts advanced 120,328 67,748
Amounts repaid (90,496 ) (41,604 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,832 12,000

Interest on any overdrawn balance is charged at H.M. Revenue & Customs approved rates.

9. RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date are amount due from a shareholder of £3,627,810 (2022: £3,327,417). Interest is charged at H.M. Revenue & Customs approved rates.

Included within other creditors at the balance sheet date are amounts due to directors of £207,592 (2022: £207,592).