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REGISTERED NUMBER: 05713729 (England and Wales)















COAST AND COUNTRY 2006 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COAST AND COUNTRY 2006 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr M J Kent
Mrs J L Kent
Mr B L Kent
Mr P J Taylor
Mrs J D Beba
Mr W E Beba





SECRETARY: Mrs J D Beba





REGISTERED OFFICE: Keat Farm
Reculver Road
Herne Bay
Kent
CT6 6SR





REGISTERED NUMBER: 05713729 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Building 1063
Cornforth Drive
Kent Science Park
Sittingbourne
Kent
ME9 8PX

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,091,712 1,114,123

CURRENT ASSETS
Stocks 6 76,060 71,932
Debtors 7 1,645,275 1,633,015
Cash at bank and in hand 296,412 120,426
2,017,747 1,825,373
CREDITORS
Amounts falling due within one year 8 657,392 695,874
NET CURRENT ASSETS 1,360,355 1,129,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,452,067

2,243,622

PROVISIONS FOR LIABILITIES 11,054 13,594
NET ASSETS 2,441,013 2,230,028

CAPITAL AND RESERVES
Called up share capital 10 22,500 22,500
Share premium 1,226,448 1,226,448
Retained earnings 1,192,065 981,080
SHAREHOLDERS' FUNDS 2,441,013 2,230,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 7 October 2024 and were signed on its behalf by:





Mr M J Kent - Director


COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Coast and Country 2006 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover
Turnover represents the value, net of value added tax and discounts, relating to the sale of caravans, accessories and extras and income generated from caravan site operations after adjusting for deferred income received from caravan site operations.

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 improvements - 2% on cost
Park homes - 10% on reducing balance
Machinery and equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Caravan stock is valued at the lower of cost and net realisable value, other stocks are valued at the lower of cost and net realisable value using the FIFO standard method, after making due allowance for obsolete and slow moving items.

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year 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 statement of financial position date.

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs
Contributions in respect of the company's workplace pension scheme are charged to the profit and loss account for the period in which they relate.

Fixed asset investments
Investments are included in the financial statements at fair value. Gains are recognised in other comprehensive income. Deferred taxation is provided on these gains.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Freehold Machinery
land and Park and
improvements homes equipment
£    £    £   
COST
At 1 June 2023 1,107,980 75,473 186,289
Additions - - 1,208
At 31 May 2024 1,107,980 75,473 187,497
DEPRECIATION
At 1 June 2023 83,243 59,203 166,967
Charge for year 9,567 1,627 4,856
At 31 May 2024 92,810 60,830 171,823
NET BOOK VALUE
At 31 May 2024 1,015,170 14,643 15,674
At 31 May 2023 1,024,737 16,270 19,322

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 168,543 13,840 1,552,125
Additions 534 - 1,742
At 31 May 2024 169,077 13,840 1,553,867
DEPRECIATION
At 1 June 2023 127,897 692 438,002
Charge for year 6,131 1,972 24,153
At 31 May 2024 134,028 2,664 462,155
NET BOOK VALUE
At 31 May 2024 35,049 11,176 1,091,712
At 31 May 2023 40,646 13,148 1,114,123

Included in cost of land and buildings is freehold land of £ 639,674 (2023 - £ 639,674 ) which is not depreciated.

COAST AND COUNTRY 2006 LIMITED (REGISTERED NUMBER: 05713729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. STOCKS
31.5.24 31.5.23
£    £   
Stock - postage stamps 178 233
Stock - bottled gas etc 1,730 2,103
Stock - liquid gas 633 798
Stock - accessories and extras 2,819 6,754
Stock - Caravans 70,700 62,044
76,060 71,932

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 19,668 11,089
Amounts owed by group undertakings 1,600,950 1,600,000
Prepayments and accrued income 24,657 21,926
1,645,275 1,633,015

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 51,425 83,447
Other taxes and PAYE taxes 76,121 101,800
Other creditors 2,000 2,287
Receipts in advance 508,217 497,674
Accrued expenses 19,629 10,666
657,392 695,874

9. SECURED DEBTS

National Westminster Bank hold a mortgage debenture over the assets of the company, in respect of liabilities due or becoming due in the future.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
12,378 Ordinary "A" £1 12,378 12,378
10,122 Ordinary "B" £1 10,122 10,122
22,500 22,500