Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsefalse2023-02-0133truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04880606 2023-02-01 2024-01-31 04880606 2022-02-01 2023-01-31 04880606 2024-01-31 04880606 2023-01-31 04880606 c:Director1 2023-02-01 2024-01-31 04880606 c:Director2 2023-02-01 2024-01-31 04880606 d:Buildings 2023-02-01 2024-01-31 04880606 d:Buildings 2024-01-31 04880606 d:Buildings 2023-01-31 04880606 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04880606 d:MotorVehicles 2023-02-01 2024-01-31 04880606 d:MotorVehicles 2024-01-31 04880606 d:MotorVehicles 2023-01-31 04880606 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04880606 d:FurnitureFittings 2023-02-01 2024-01-31 04880606 d:FurnitureFittings 2024-01-31 04880606 d:FurnitureFittings 2023-01-31 04880606 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04880606 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04880606 d:Goodwill 2023-02-01 2024-01-31 04880606 d:Goodwill 2024-01-31 04880606 d:Goodwill 2023-01-31 04880606 d:CurrentFinancialInstruments 2024-01-31 04880606 d:CurrentFinancialInstruments 2023-01-31 04880606 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04880606 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04880606 d:ShareCapital 2024-01-31 04880606 d:ShareCapital 2023-01-31 04880606 d:RetainedEarningsAccumulatedLosses 2024-01-31 04880606 d:RetainedEarningsAccumulatedLosses 2023-01-31 04880606 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04880606 c:OrdinaryShareClass1 2024-01-31 04880606 c:OrdinaryShareClass1 2023-01-31 04880606 c:FRS102 2023-02-01 2024-01-31 04880606 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04880606 c:FullAccounts 2023-02-01 2024-01-31 04880606 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04880606 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 04880606 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 04880606 2 2023-02-01 2024-01-31 04880606 7 2023-02-01 2024-01-31 04880606 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 04880606 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04880606










THE POPLARS CARAVAN & CHALET PARK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
THE POPLARS CARAVAN & CHALET PARK LTD
 

CONTENTS



Page
Statement of financial position
 
 
1 - 2
Notes to the financial statements
 
 
3 - 9


 
THE POPLARS CARAVAN & CHALET PARK LTD
REGISTERED NUMBER: 04880606

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
3,000

Tangible assets
 5 
60,896
63,786

  
60,896
66,786

Current assets
  

Stocks
  
37,871
46,022

Debtors: amounts falling due within one year
 6 
2,554
2,304

Cash at bank and in hand
  
1,224,583
1,058,919

  
1,265,008
1,107,245

Creditors: amounts falling due within one year
 7 
(241,910)
(241,182)

Net current assets
  
 
 
1,023,098
 
 
866,063

Total assets less current liabilities
  
1,083,994
932,849

Provisions for liabilities
  

Deferred tax
 8 
(12,265)
(12,987)

  
 
 
(12,265)
 
 
(12,987)

Net assets
  
1,071,729
919,862


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,071,629
919,762

  
1,071,729
919,862


Page 1

 
THE POPLARS CARAVAN & CHALET PARK LTD
REGISTERED NUMBER: 04880606
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2024.




Mr R C Verlander
Mrs B E Verlander
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The Poplars Caravan & Chalet Park Ltd is a company limited by shares and incorporated in England and Wales, registration number 04880606. The registered office is The Poplars Caravan & Chalet Park, Brick Lane, East Runton, Cromer, Norfolk, NR27 9PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Page 3

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
5%
Straight line on lodges, nil on other
Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the cost of purchase.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 5

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
 - The recognition of deferred tax assets is limited to the extent that it is probable that they will be    recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
 - Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 6

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
80,826
69,470

80,826
69,470


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
60,000



At 31 January 2024

60,000



Amortisation


At 1 February 2023
57,000


Charge for the year on owned assets
3,000



At 31 January 2024

60,000



Net book value



At 31 January 2024
-



At 31 January 2023
3,000



Page 7

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2023
77,443
19,354
36,428
133,225


Additions
-
-
2,485
2,485



At 31 January 2024

77,443
19,354
38,913
135,710



Depreciation


At 1 February 2023
19,549
17,416
32,474
69,439


Charge for the year on owned assets
3,281
484
1,610
5,375



At 31 January 2024

22,830
17,900
34,084
74,814



Net book value



At 31 January 2024
54,613
1,454
4,829
60,896



At 31 January 2023
57,894
1,938
3,954
63,786


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
2,554
2,304

2,554
2,304


Page 8

 
THE POPLARS CARAVAN & CHALET PARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
139,291
154,550

Corporation tax
48,954
33,343

Other taxation and social security
25,614
27,604

Other creditors
23,576
20,952

Accruals and deferred income
4,475
4,733

241,910
241,182



8.


Deferred taxation




2024


£






At beginning of year
(12,987)


Charged to profit or loss
722



At end of year
(12,265)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,265)
(12,987)

(12,265)
(12,987)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 9