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REGISTERED NUMBER: 02848084


















Delta Caravans Limited

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 29th February 2024






Delta Caravans Limited (Registered number: 02848084)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Delta Caravans Limited

Company Information
for the year ended 29th February 2024







DIRECTORS: Dr M Isaac
J Isaac





SECRETARY: J Isaac





REGISTERED OFFICE: 240 Leads Road
Hull
East Yorkshire
HU7 0DF





REGISTERED NUMBER: 02848084





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Delta Caravans Limited (Registered number: 02848084)

Strategic Report
for the year ended 29th February 2024

The directors present their strategic report for the year ended 29th February 2024.

REVIEW OF BUSINESS
During the year the company ceased trading activities in Delta Caravans Limited. Subsequently the company's main activity was that of holding company.

PRINCIPAL RISKS AND UNCERTAINTIES
Competition risk
The UK caravan market is highly competitive with a number of established manufacturers. The changing economic environment influences the end consumer demand. The group manages this through close relationships with key customers, remaining aware of and responding to changes in market demand, and continuing to develop a portfolio of desirable customer offerings and competitive price points.

Supply chain
The group works closely with a number of key suppliers to manage supply chain risk. Recent higher than anticipated levels of inflation have put pressure on supply side pricing which the group has sought to manage through its established relationships with its supplier base as well as efficient production strategies.

Financial risk
The group is exposed to financial risks in respect of some commodity driven pricing as well as some foreign exchange and interest rate risk. The group seeks to manage this risk through contractual supply arrangements to provide an element of fixed pricing to enable future forecasting and profit stability.

KEY PERFORMANCE INDICATORS
The key performance indicators are turnover and profitability, which are evident from the financial statements.

ON BEHALF OF THE BOARD:





Dr M Isaac - Director


21st November 2024

Delta Caravans Limited (Registered number: 02848084)

Report of the Directors
for the year ended 29th February 2024

The directors present their report with the financial statements of the company for the year ended 29th February 2024.

DIVIDENDS
Interim dividends of nil (2023: £2,500,000) were paid in the year. The directors recommend that no final dividend be paid.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st March 2023 to the date of this report.

Dr M Isaac
J Isaac

QUALIFYING THIRD PARTY INDEMNITY PROVISION
The group and company has made qualifying third party indemnity provisions for the benefit of its directors as part of a group wide policy which were made in the year and remain in force at the reporting date.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Dr M Isaac - Director


21st November 2024

Report of the Independent Auditors to the Members of
Delta Caravans Limited

Opinion
We have audited the financial statements of Delta Caravans Limited (the 'company') for the year ended 29th February 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 29th February 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Delta Caravans Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, tax legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

Report of the Independent Auditors to the Members of
Delta Caravans Limited


In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with relevant regulators and the company's legal advisors.


Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Matthew Fox FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

21st November 2024

Delta Caravans Limited (Registered number: 02848084)

Income Statement
for the year ended 29th February 2024

2024 2023
Notes £    £   

TURNOVER 2 122,357 1,253,169

Cost of sales 104,003 1,065,194
GROSS PROFIT 18,354 187,975

Administrative expenses 7,070 114
OPERATING PROFIT 11,284 187,861

Income from shares in group
undertakings

-

2,500,000
PROFIT BEFORE TAXATION 11,284 2,687,861

Tax on profit 4 2,144 35,694
PROFIT FOR THE FINANCIAL YEAR 9,140 2,652,167

Delta Caravans Limited (Registered number: 02848084)

Other Comprehensive Income
for the year ended 29th February 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 9,140 2,652,167


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

9,140

2,652,167

Delta Caravans Limited (Registered number: 02848084)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 6 1,000 1,000

CURRENT ASSETS
Debtors 7 1,826,575 1,929,918
Cash at bank 171,344 88,750
1,997,919 2,018,668
CREDITORS
Amounts falling due within one year 8 682,019 711,908
NET CURRENT ASSETS 1,315,900 1,306,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,316,900

1,307,760

CAPITAL AND RESERVES
Called up share capital 9 200,000 200,000
Capital redemption reserve 10 200,000 200,000
Retained earnings 10 916,900 907,760
SHAREHOLDERS' FUNDS 1,316,900 1,307,760

The financial statements were approved by the Board of Directors and authorised for issue on 21st November 2024 and were signed on its behalf by:





Dr M Isaac - Director


Delta Caravans Limited (Registered number: 02848084)

Statement of Changes in Equity
for the year ended 29th February 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st March 2022 200,000 755,593 200,000 1,155,593

Changes in equity
Dividends - (2,500,000 ) - (2,500,000 )
Total comprehensive income - 2,652,167 - 2,652,167
Balance at 28th February 2023 200,000 907,760 200,000 1,307,760

Changes in equity
Total comprehensive income - 9,140 - 9,140
Balance at 29th February 2024 200,000 916,900 200,000 1,316,900

Delta Caravans Limited (Registered number: 02848084)

Notes to the Financial Statements
for the year ended 29th February 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
Delta Caravans Limited is a limited company incorporated in the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard FRS 102: The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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.

Going Concern
During the year trade directly through company ceased. In considering going concern the Director's have reviewed the subsidiary company's future cash requirements, expected earnings and significant cash reserves. The directors have also considered the impact of a range of potential changes to trading performance as a result of economic and market challenges. The directors concluded that the company will be able to operate without the requirement for external finance for the 12 month period from the approval of these financial statements and therefore believe it is appropriate to prepare the financial statements of the company on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 33.7.

Preparation of consolidated financial statements
The financial statements contain information about Delta Caravans Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Delta Caravans Holdings Limited, a company registered in England and Wales.

Turnover
Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for goods supplied as a principal and for services provided.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Delta Caravans Limited (Registered number: 02848084)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

1. 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

3. EMPLOYEES AND DIRECTORS


2024 2023
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 2,144 35,694
Tax on profit 2,144 35,694

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

2024 2023
£    £   
Profit before tax 11,284 2,687,861
Profit multiplied by the standard rate of corporation tax in the UK of
19% (2023 - 19%)

2,144

510,694

Effects of:
Income not taxable for tax purposes - (475,000 )

Total tax charge 2,144 35,694

Delta Caravans Limited (Registered number: 02848084)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

5. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim - 2,500,000

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st March 2023
and 29th February 2024 1,000
NET BOOK VALUE
At 29th February 2024 1,000
At 28th February 2023 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Delta Caravans International Ltd
Registered office: 240 Leads Road, Hull, East Yorkshire, HU7 0DF
Nature of business: Manufacture and sale of caravans
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,826,575 1,929,918

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,757 3,097
Amounts owed to group undertakings 667,659 667,659
Tax 2,011 35,560
Other creditors 599 599
Accruals and deferred income 4,993 4,993
682,019 711,908

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary £1 200,000 200,000

Delta Caravans Limited (Registered number: 02848084)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st March 2023 907,760 200,000 1,107,760
Profit for the year 9,140 9,140
At 29th February 2024 916,900 200,000 1,116,900

11. ULTIMATE PARENT COMPANY

Delta Caravans Holdings Limited, a company incorporated in England and Wales is the company's ultimate holding company as it owns 100% of the issued share capital of the company. Delta Caravans Holdings Limited is controlled by M Isaac, a director of this company, by virtue of him owning 100% of the issued ordinary share capital.

Delta Caravans Holdings Limited is the parent undertaking of the group for which group accounts are prepared and of which the company is a member. Copies of Delta Caravans Holdings Limited accounts can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.