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Registration number: 08853416

Cwmdu Campsite Ltd

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 December 2023

 

Cwmdu Campsite Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 8

 

Cwmdu Campsite Ltd

Company Information

Directors

Mr M T J Farr

Miss S J Farr

Company secretary

Miss S J Farr

Registered office

52 Oakfield Drive
Crickhowell
Powys
NP8 1DU
 

Bankers

HSBC Bank plc
2 Frogmore Street
Abergavenny
Monmouthshire
NP7 5AF
 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Cwmdu Campsite Ltd

Statement of Income and Retained Earnings
for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

 

263,785

240,466

Cost of sales

 

(34,867)

(21,256)

Gross profit

 

228,918

219,210

Administrative expenses

 

(222,388)

(175,979)

Other operating income

 

3,019

3,763

Operating profit

 

9,549

46,994

Other interest receivable and similar income

 

1,595

242

 

1,595

242

Profit before tax

11,144

47,236

Taxation

 

(6,225)

(7,808)

Profit for the financial year

 

4,919

39,428

Retained earnings brought forward

 

269,189

229,761

Dividends paid

 

(2,000)

-

Retained earnings carried forward

 

272,108

269,189

 

Cwmdu Campsite Ltd

(Registration number: 08853416)

Balance Sheet
as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

194,927

189,912

Current assets

 

Stocks

5

4,843

903

Debtors

6

28,553

20,880

Cash at bank and in hand

 

95,656

97,499

 

129,052

119,282

Creditors: Amounts falling due within one year

7

(33,438)

(21,572)

Net current assets

 

95,614

97,710

Total assets less current liabilities

 

290,541

287,622

Provisions for liabilities

(18,333)

(18,333)

Net assets

 

272,208

269,289

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

272,108

269,189

Total equity

 

272,208

269,289

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

 

Cwmdu Campsite Ltd

(Registration number: 08853416)

Balance Sheet
as at 31 December 2023

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................

Miss S J Farr

Company secretary and director

 

Cwmdu Campsite Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
52 Oakfield Drive
Crickhowell
Powys
NP8 1DU

The principal place of business is:
Cwmdu Campsite
Cwmdu
Crickhowell
Powys
NP8 1RU

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents pitch fees in respect of caravans, camper vans and tents, the rental income from the log pods, shepherd's hut and static caravans, and sales from the on-site shop.

Pitch fees and rental income are recognised in accordance with the use of the facilities, and shop income is recognised when cash is received from customers.

To the extent that income has been received in advance at the financial year end this is dislosed as a liability .

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Cwmdu Campsite Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

Nil

Plant and machinery

15% on cost

Fixtures and fittings

10% on cost

Computer equipment

25% on cost

Motor vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services supplied in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Shop stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Stock of Calor Gas is valued at cost.

Trade creditors

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

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity and are measured at the fair value of the cash received .

 

Cwmdu Campsite Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

93,422

58,074

56,993

6,301

23,128

237,918

Additions

-

25,986

1,518

-

-

27,504

At 31 December 2023

93,422

84,060

58,511

6,301

23,128

265,422

Depreciation

At 1 January 2023

-

20,128

21,855

4,566

1,457

48,006

Charge for the year

-

7,690

8,498

883

5,418

22,489

At 31 December 2023

-

27,818

30,353

5,449

6,875

70,495

Carrying amount

At 31 December 2023

93,422

56,242

28,158

852

16,253

194,927

At 31 December 2022

93,422

37,946

35,138

1,735

21,671

189,912

Included within the net book value of land and buildings above is £93,422 (2022 - £93,422) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

4,843

903

 

Cwmdu Campsite Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2023

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

69

39

Amounts owed by group undertakings and undertakings in which the company has a participating interest

26,420

13,420

Prepayments

 

2,064

1,245

Other debtors

 

-

6,176

 

28,553

20,880

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

2,278

332

Accruals and deferred income

5,920

4,917

Other creditors

25,240

16,323

33,438

21,572