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REGISTERED NUMBER: 05932223 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JASMINE CARAVAN PARK LIMITED

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JASMINE CARAVAN PARK LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr Ian Richard Palmer
Mr Nicholas James Palmer
Mrs Rebecca Jayne Palmer Bunting





SECRETARY: Mrs Rebecca Jayne Palmer Bunting





REGISTERED OFFICE: Crows Nest Farm
Gristhorpe
Filey
North Yorkshire
YO14 9PS





REGISTERED NUMBER: 05932223 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,849,095 1,876,542
Investment property 6 420,000 420,000
2,269,095 2,296,542

CURRENT ASSETS
Stocks 13,950 4,000
Debtors 7 4,515 4,701
Cash at bank and in hand 269,869 547,518
288,334 556,219
CREDITORS
Amounts falling due within one year 8 1,376,115 1,542,129
NET CURRENT LIABILITIES (1,087,781 ) (985,910 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,181,314 1,310,632

CREDITORS
Amounts falling due after more than one
year

9

-

(241,757

)

PROVISIONS FOR LIABILITIES (6,440 ) (9,464 )
NET ASSETS 1,174,874 1,059,411

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 1,142 1,142
Retained earnings 1,173,632 1,058,169
SHAREHOLDERS' FUNDS 1,174,874 1,059,411

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

BALANCE SHEET - continued
31 December 2023


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

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

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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by:





Mr Ian Richard Palmer - Director


JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Jasmine Caravan 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of services provided and goods sold during the year. Income is recognised in respect of services provided in the period to which they relate, and sales of goods are recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Land 0%, buildings 2% on cost
Plant and machinery - 20% on cost
Fixtures, fittings and equipment - 10% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 profit and loss account, 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.

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.

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 120,000
AMORTISATION
At 1 January 2023
and 31 December 2023 120,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
land and Plant and and Motor
buildings machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 2,034,307 68,033 265,612 14,700 2,382,652
DEPRECIATION
At 1 January 2023 198,847 42,956 257,891 6,416 506,110
Charge for year 14,769 8,730 1,877 2,071 27,447
At 31 December 2023 213,616 51,686 259,768 8,487 533,557
NET BOOK VALUE
At 31 December 2023 1,820,691 16,347 5,844 6,213 1,849,095
At 31 December 2022 1,835,460 25,077 7,721 8,284 1,876,542

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 420,000
NET BOOK VALUE
At 31 December 2023 420,000
At 31 December 2022 420,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2008 6,410
Valuation in 2009 (45,000 )
Valuation in 2010 (20,000 )
Valuation in 2011 20,000
Valuation in 2020 40,000
Cost 418,590
420,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 418,590 418,590

The investment property was valued on the fair value basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,515 4,701

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 77,782
Taxation and social security 45,693 45,714
Other creditors 1,330,422 1,418,633
1,376,115 1,542,129

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 241,757

JASMINE CARAVAN PARK LIMITED (REGISTERED NUMBER: 05932223)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 319,539

Bank borrowings are secured by a legal mortgage over the freehold land, a legal mortgage debenture creating a fixed and floating charge over all assets and undertakings and assignment of goodwill, and a legal mortgage over a life policy assured on the life of the director Mr I R Palmer.
Security is also provided by means of an unlimited guarantee issued by the connected companies Crows Nest Farm Limited, Crows Nest Stores Limited and Crows Nest Camp Limited.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 100
(2022 - 100 )
60 A Ordinary £1 60 -
20 B Ordinary £1 20 -
20 C Ordinary £1 20 -
100 100

12. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 1,142

13. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the balance sheet date is £4,936,706 (2022 £5,228,427).