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REGISTERED NUMBER: 00394381 (England and Wales)






















Orchard Farm Holiday Park Limited

Unaudited Financial Statements for the Period 1st April 2023 to 21st March 2024






Orchard Farm Holiday Park Limited (Registered number: 00394381)






Contents of the Financial Statements
for the period 1st April 2023 to 21st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard Farm Holiday Park Limited

Company Information
for the period 1st April 2023 to 21st March 2024







DIRECTORS: R P W Larkham
W H Larkham
T A Larkham





REGISTERED OFFICE: Orchard House Farm
143 Stonegate
Hunmanby
Filey
North Yorkshire
YO14 0PU





REGISTERED NUMBER: 00394381 (England and Wales)





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

Orchard Farm Holiday Park Limited (Registered number: 00394381)

Balance Sheet
21st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 774,933 818,754
774,933 818,754

CURRENT ASSETS
Stocks 56,104 11,008
Debtors 6 23,979 15,274
Cash at bank 181,338 339,232
261,421 365,514
CREDITORS
Amounts falling due within one year 7 170,277 240,592
NET CURRENT ASSETS 91,144 124,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,077

943,676

CREDITORS
Amounts falling due after more than one
year

8

-

(21,825

)

PROVISIONS FOR LIABILITIES (21,372 ) (26,892 )
NET ASSETS 844,705 894,959

CAPITAL AND RESERVES
Called up share capital 10 2,703 2,703
Retained earnings 842,002 892,256
SHAREHOLDERS' FUNDS 844,705 894,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 21st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 21st March 2024 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.

Orchard Farm Holiday Park Limited (Registered number: 00394381)

Balance Sheet - continued
21st March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th September 2024 and were signed on its behalf by:





R P W Larkham - Director


Orchard Farm Holiday Park Limited (Registered number: 00394381)

Notes to the Financial Statements
for the period 1st April 2023 to 21st March 2024

1. STATUTORY INFORMATION

Orchard Farm Holiday 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.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services relating to the provision of self-catering holidays, alongside the sale of static caravans, in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured:
It is probable that future economic benefits will flow to the entity:
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arising on the acquistion of an entity represents the excess of the cost of acquisition over the Company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life can not be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
GoodwillFully amortised


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Orchard Farm Holiday Park Limited (Registered number: 00394381)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 21st March 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing inventories to their present location and condition. At each reporting date, stocks are assessed for Impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell: the impairment is recognised immediately in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

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 period was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 21st March 2024 100,144
AMORTISATION
At 1st April 2023
and 21st March 2024 100,144
NET BOOK VALUE
At 21st March 2024 -
At 31st March 2023 -

Orchard Farm Holiday Park Limited (Registered number: 00394381)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 21st March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 1,098,786 275,588 1,374,374
Additions - 251 251
Disposals - (38,630 ) (38,630 )
At 21st March 2024 1,098,786 237,209 1,335,995
DEPRECIATION
At 1st April 2023 354,479 201,141 555,620
Charge for period 21,315 14,360 35,675
Eliminated on disposal - (30,233 ) (30,233 )
At 21st March 2024 375,794 185,268 561,062
NET BOOK VALUE
At 21st March 2024 722,992 51,941 774,933
At 31st March 2023 744,307 74,447 818,754

Included in cost of land and buildings is freehold land of £ 722,992 (2023 - £ 744,307 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,131 -
Other debtors 9,362 180
Prepayments 9,486 15,094
23,979 15,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans and borrowings (see note 9) - 57,713
Trade creditors 1,926 14,582
Social security and other taxes 13,748 29,217
Other creditors 7 4,812
Accruals and deferred income 154,596 134,268
170,277 240,592

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) - 21,825

Orchard Farm Holiday Park Limited (Registered number: 00394381)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 21st March 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loan - 57,713

Amounts falling due between one and two years:
Bank loan falling due
within 1 to 2 years - 21,825
- 21,825

Loans and borrowing

2024 2023
£ £
Current loans and borrowings
Bank borrowings-10,000
Other borrowings-47,713
-57,713
2024 2023
££
Non-current loans and borrowings
Bank borrowings-21,825

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,703 Ordinary 1 2,703 2,703

11. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £11,970 (2023 - £16,074). This commitment is in relation to a washer and dryer lease.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Transactions with directors
At the year end, the amount due to the Company by the directors was £9,362 (2023: £(47,713)). The amount is unsecured, interest free and repayable on demand.