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REGISTERED NUMBER: 12886439 (England and Wales)












SANDGATE COUNTRY PARK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SANDGATE COUNTRY PARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr P J Wilson
Mrs J B Wilson





Secretary:





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Sandgate Farm
Flookburgh
GRANGE OVER SANDS
LA11 7LD





Registered number: 12886439 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 203,597 202,746

Current assets
Stocks 3,500 4,000
Debtors 5 172,907 493,088
Prepayments and accrued income 786 348
Cash at bank 215,035 359,574
392,228 857,010
Creditors
Amounts falling due within one year 6 308,015 681,081
Net current assets 84,213 175,929
Total assets less current liabilities 287,810 378,675

Provisions for liabilities (12,792 ) (12,792 )

Accruals and deferred income (62,548 ) (55,389 )
Net assets 212,470 310,494

Capital and reserves
Called up share capital 100 100
Retained earnings 212,370 310,394
212,470 310,494

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

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

SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Mr P J Wilson - Director


SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

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


1. Statutory information

Sandgate Country Park Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% Straight line and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

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


2. Accounting policies - continued
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 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 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 year was NIL (2023 - NIL).

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 April 2023 153,124 72,875 225,999
Additions 6,970 1,865 8,835
At 31 March 2024 160,094 74,740 234,834
Depreciation
At 1 April 2023 - 23,253 23,253
Charge for year - 7,984 7,984
At 31 March 2024 - 31,237 31,237
Net book value
At 31 March 2024 160,094 43,503 203,597
At 31 March 2023 153,124 49,622 202,746

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 172,907 493,088

SANDGATE COUNTRY PARK LTD (REGISTERED NUMBER: 12886439)

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


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 148,003 339,158
Taxation and social security 3,070 46,837
Other creditors 156,942 295,086
308,015 681,081