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Company registration number: 13194245







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


WALTON HALL MANOR COUNTRY PARK LIMITED






































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WALTON HALL MANOR COUNTRY PARK LIMITED
REGISTERED NUMBER:13194245



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Unaudited 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,003,783
3,950,000

  
4,003,783
3,950,000

Current assets
  

Debtors: amounts falling due within one year
 5 
73,969
-

Cash at bank and in hand
  
10,578
-

  
84,547
-

Creditors: amounts falling due within one year
 6 
(2,548,792)
(2,467,528)

Net current liabilities
  
 
 
(2,464,245)
 
 
(2,467,528)

Total assets less current liabilities
  
1,539,538
1,482,472

Provisions for liabilities
  

Deferred tax
  
(376,224)
(376,224)

  
 
 
(376,224)
 
 
(376,224)

Net assets
  
1,163,314
1,106,248


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Revaluation reserve
  
1,128,670
1,128,670

Profit and loss account
  
34,544
(22,522)

  
1,163,314
1,106,248


Page 1

 


WALTON HALL MANOR COUNTRY PARK LIMITED
REGISTERED NUMBER:13194245


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 statement of comprehensive income 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 by: 




M.C. Annis
Director

Date: 4 November 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
100
-
-
100


Comprehensive income for the year

Loss for the year

-
-
(22,522)
(22,522)

Surplus on revaluation of freehold property
-
1,504,894
-
1,504,894

Tax relating to other comprehensible income
-
(376,224)
-
(376,224)


Other comprehensive income for the year
-
1,128,670
-
1,128,670


Total comprehensive income for the year
-
1,128,670
(22,522)
1,106,148



At 1 April 2023
100
1,128,670
(22,522)
1,106,248


Comprehensive income for the year

Profit for the year
-
-
57,066
57,066
Total comprehensive income for the year
-
-
57,066
57,066


At 31 March 2024
100
1,128,670
34,544
1,163,314


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

1.


General information

Walton Hall Manor County Park  Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY. The principal place of business is Walton Hall Road, Linford, Stanford-le-Hope SS17 0RH.
This Company is part of the Monte Carlo Parks Ltd Group.
The Company's functional and presentational currency is GBP, rounded to the nearest £1.

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 following principal accounting policies have been applied:

 
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. Monies received in advance
are treated as deferred income and held as payments on account.
Pitch fees, mooring fees, recharge of expenses and commissions
Income is recognised on an accruals basis in the period to which they relate.
Sales of park homes
Sales of park homes are recognised when the risks and rewards of ownership are transferred to the customer,
usually on occupation when the park home agreement is signed or legal completion takes place.

Page 4

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 income 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 reporting 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.

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.

 
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.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Fixtures and fittings
-
20% straight line

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.

No depreciation has been provided on freehold property as the property is held at valuation.

Page 5

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.
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 the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, during the year was 0 (2023 -0). The directors did not received remuneration (2023 £Nil).






Page 6

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
3,950,000
-
3,950,000


Additions
-
62,031
62,031



At 31 March 2024

3,950,000
62,031
4,012,031



Depreciation


Charge for the year
-
8,248
8,248



At 31 March 2024

-
8,248
8,248



Net book value



At 31 March 2024
3,950,000
53,783
4,003,783


If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
£



Cost
2,451,049

Net book value
2,451,049

Page 7

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

5.


Debtors

2024
Unaudited 2023
£
£


Trade debtors
16,653
-

Other debtors
48,867
-

Prepayments and accrued income
8,449
-

73,969
-



6.


Creditors: Amounts falling due within one year

2024
Unaudited 2023
£
£

Trade creditors
67,073
-

Amounts owed to group undertakings
2,411,554
2,467,528

Corporation tax
14,275
-

Other creditors
14,621
-

Accruals and deferred income
41,269
-

2,548,792
2,467,528



7.


Share capital

2024
Unaudited 2023
£
£
Allotted, called up and fully paid



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

During the year, 100% of the share capital was purchased by Monte Carlo Ltd through a share and debt exchange on 11 July 2023.



8.


Contingent liabilities

The Company has given a guarantee in respect of the bank borrowings of its parent company. The guarantee is secured by a fixed charge over the company’s freehold property and a debenture over all other assets of the company.

Page 8

 


WALTON HALL MANOR COUNTRY PARK LIMITED
 


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

9.


Related party transactions

The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are a wholly owned part of the group.


10.


Controlling party

The ultimate controlling parent undertaking is Monte Carlo Parks Ltd by virtue of its 100% controlling interest of the
Company. The address of the parent company's registered office Ashcombe House, 5 The Crescent, Leatherhead,
Surrey, KT22 8DY.
The ultimate controlling party is M.C. Annis by virtue of his 100% shareholding in Monte Carlo Parks Ltd.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 4 November 2024 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 9