Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false11falsetruefalse 10833865 2023-04-01 2024-03-31 10833865 2022-04-01 2023-03-31 10833865 2024-03-31 10833865 2023-03-31 10833865 2022-04-01 10833865 1 2023-04-01 2024-03-31 10833865 1 2022-04-01 2023-03-31 10833865 5 2022-04-01 2023-03-31 10833865 d:Director1 2023-04-01 2024-03-31 10833865 e:Buildings 2023-04-01 2024-03-31 10833865 e:Buildings 2024-03-31 10833865 e:Buildings 2023-03-31 10833865 e:Buildings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10833865 e:PlantMachinery 2023-04-01 2024-03-31 10833865 e:PlantMachinery 2024-03-31 10833865 e:PlantMachinery 2023-03-31 10833865 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10833865 e:ComputerEquipment 2023-04-01 2024-03-31 10833865 e:ComputerEquipment 2024-03-31 10833865 e:ComputerEquipment 2023-03-31 10833865 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10833865 e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10833865 e:CurrentFinancialInstruments 2024-03-31 10833865 e:CurrentFinancialInstruments 2023-03-31 10833865 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 10833865 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 10833865 e:ShareCapital 2023-04-01 2024-03-31 10833865 e:ShareCapital 2024-03-31 10833865 e:ShareCapital 2022-04-01 2023-03-31 10833865 e:ShareCapital 2023-03-31 10833865 e:ShareCapital 2022-04-01 10833865 e:RevaluationReserve 2023-04-01 2024-03-31 10833865 e:RevaluationReserve 2024-03-31 10833865 e:RevaluationReserve 1 2023-04-01 2024-03-31 10833865 e:RevaluationReserve 2022-04-01 2023-03-31 10833865 e:RevaluationReserve 2023-03-31 10833865 e:RevaluationReserve 2022-04-01 10833865 e:RevaluationReserve 5 2022-04-01 2023-03-31 10833865 e:RevaluationReserve 8 2022-04-01 2023-03-31 10833865 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 10833865 e:RetainedEarningsAccumulatedLosses 2024-03-31 10833865 e:RetainedEarningsAccumulatedLosses 1 2023-04-01 2024-03-31 10833865 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10833865 e:RetainedEarningsAccumulatedLosses 2023-03-31 10833865 e:RetainedEarningsAccumulatedLosses 2022-04-01 10833865 e:RetainedEarningsAccumulatedLosses 1 2022-04-01 2023-03-31 10833865 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10833865 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10833865 e:TaxLossesCarry-forwardsDeferredTax 2024-03-31 10833865 e:TaxLossesCarry-forwardsDeferredTax 2023-03-31 10833865 d:FRS102 2023-04-01 2024-03-31 10833865 d:Audited 2023-04-01 2024-03-31 10833865 d:FullAccounts 2023-04-01 2024-03-31 10833865 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10833865 d:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10833865 5 2023-04-01 2024-03-31 10833865 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 10833865







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


FIVE FURLONGS COUNTRY PARK LIMITED






































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FIVE FURLONGS COUNTRY PARK LIMITED
REGISTERED NUMBER:10833865



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,914,455
1,907,970

  
1,914,455
1,907,970

Current assets
  

Debtors: amounts falling due within one year
 5 
2,689,135
3,127,575

Cash at bank and in hand
  
13,565
21,835

  
2,702,700
3,149,410

Creditors: amounts falling due within one year
 6 
(700,310)
(1,192,868)

Net current assets
  
 
 
2,002,390
 
 
1,956,542

Total assets less current liabilities
  
3,916,845
3,864,512

Provisions for liabilities
  

Deferred tax
 7 
(255,360)
(253,518)

  
 
 
(255,360)
 
 
(253,518)

Net assets
  
3,661,485
3,610,994


Capital and reserves
  

Allotted, called up and fully paid share capital
  
200
200

Revaluation reserve
  
763,205
763,426

Profit and loss account
  
2,898,080
2,847,368

  
3,661,485
3,610,994


Page 1

 


FIVE FURLONGS COUNTRY PARK LIMITED
REGISTERED NUMBER:10833865


    
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

 


FIVE FURLONGS 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
200
388,426
2,825,395
3,214,021


Comprehensive income for the year

Profit for the year

-
-
21,973
21,973

Surplus on revaluation of freehold property
-
500,000
-
500,000

Deferred tax
-
(125,000)
-
(125,000)


Other comprehensive income for the year
-
375,000
-
375,000


Total comprehensive income for the year
-
375,000
21,973
396,973


Total transactions with owners
-
-
-
-



At 1 April 2023
200
763,426
2,847,368
3,610,994


Comprehensive income for the year

Profit for the year
-
-
50,712
50,712

Other movement type 1
-
(221)
-
(221)


Other comprehensive income for the year
-
(221)
-
(221)


Total comprehensive income for the year
-
(221)
50,712
50,491


Total transactions with owners
-
-
-
-


At 31 March 2024
200
763,205
2,898,080
3,661,485


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

Page 3

 


FIVE FURLONGS COUNTRY PARK LIMITED
 


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

1.


General information

Five Furlongs Country 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 Queen Street, Paddock Wood, Kent, TN12 6NX.
The 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

Revenue

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 are recognised on an accruals basis in the period to which they relate.
The recharge of expenses are recognised on an accruals basis in the period to which they relate
 
Page 4

 


FIVE FURLONGS 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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
20% straight line
Computer equipment
-
20% straight line

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

Page 5

 


FIVE FURLONGS 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 Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).






Page 6

 


FIVE FURLONGS COUNTRY PARK LIMITED
 


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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1,900,000
242
22,959
1,923,201


Additions
-
11,796
-
11,796


Disposals
-
(242)
-
(242)



At 31 March 2024

1,900,000
11,796
22,959
1,934,755



Depreciation


At 1 April 2023
-
20
15,211
15,231


Charge for the year
-
719
4,592
5,311


Disposals
-
(242)
-
(242)



At 31 March 2024

-
497
19,803
20,300



Net book value



At 31 March 2024
1,900,000
11,299
3,156
1,914,455



At 31 March 2023
1,900,000
222
7,748
1,907,970


The property was professionally valued in January 2023 by commercial real estate agents, Avison Young, at market value. The director chose to adopt this valuation at 31 March 2023.

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

2024
2023
£
£



Cost
885,049
885,049

Net book value
885,049
885,049

Page 7

 


FIVE FURLONGS COUNTRY PARK LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
120
381

Amounts owed by group undertakings
2,686,144
3,123,457

Other debtors
1,601
1,673

Prepayments and accrued income
1,270
2,064

2,689,135
3,127,575



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,547
1,573

Amounts owed to group undertakings
118,363
118,363

Corporation tax
15,283
5,534

Other creditors
557,201
1,062,650

Accruals and deferred income
7,916
4,748

700,310
1,192,868



7.


Deferred taxation




2024


£






At beginning of year
(253,518)


Charged to profit or loss
(1,621)


Charged to other comprehensive income
(221)



At end of year
(255,360)

Page 8

 


FIVE FURLONGS COUNTRY PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
7.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,614)
(1,993)

Revaluation on freehold property
(251,746)
(251,525)

(255,360)
(253,518)


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.


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