Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29422023-03-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC165445 2023-03-01 2024-02-29 SC165445 2022-03-01 2023-02-28 SC165445 2024-02-29 SC165445 2023-02-28 SC165445 c:Director1 2023-03-01 2024-02-29 SC165445 c:Director2 2023-03-01 2024-02-29 SC165445 c:Director3 2023-03-01 2024-02-29 SC165445 c:RegisteredOffice 2023-03-01 2024-02-29 SC165445 d:Buildings 2023-03-01 2024-02-29 SC165445 d:Buildings 2024-02-29 SC165445 d:Buildings 2023-02-28 SC165445 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:LandBuildings 2024-02-29 SC165445 d:LandBuildings 2023-02-28 SC165445 d:PlantMachinery 2023-03-01 2024-02-29 SC165445 d:PlantMachinery 2024-02-29 SC165445 d:PlantMachinery 2023-02-28 SC165445 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:MotorVehicles 2023-03-01 2024-02-29 SC165445 d:MotorVehicles 2024-02-29 SC165445 d:MotorVehicles 2023-02-28 SC165445 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:FurnitureFittings 2023-03-01 2024-02-29 SC165445 d:FurnitureFittings 2024-02-29 SC165445 d:FurnitureFittings 2023-02-28 SC165445 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 SC165445 d:OtherPropertyPlantEquipment 2024-02-29 SC165445 d:OtherPropertyPlantEquipment 2023-02-28 SC165445 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC165445 d:CurrentFinancialInstruments 2024-02-29 SC165445 d:CurrentFinancialInstruments 2023-02-28 SC165445 d:Non-currentFinancialInstruments 2024-02-29 SC165445 d:Non-currentFinancialInstruments 2023-02-28 SC165445 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC165445 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC165445 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC165445 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 SC165445 d:ShareCapital 2024-02-29 SC165445 d:ShareCapital 2023-02-28 SC165445 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC165445 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC165445 c:OrdinaryShareClass1 2023-03-01 2024-02-29 SC165445 c:OrdinaryShareClass1 2024-02-29 SC165445 c:OrdinaryShareClass1 2023-02-28 SC165445 c:FRS102 2023-03-01 2024-02-29 SC165445 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC165445 c:FullAccounts 2023-03-01 2024-02-29 SC165445 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC165445 2 2023-03-01 2024-02-29 SC165445 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC165445










ROSNEATH CASTLE CARAVAN PARK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

COMPANY INFORMATION


Directors
Mr D B Quibell 
Mr J B Quibell 
Mrs S P Quibell 




Registered number
SC165445



Registered office
Rosneath Castle Park
Rosneath

Near Helensburgh

Argyll

G84 0QS




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ROSNEATH CASTLE CARAVAN PARK LIMITED
REGISTERED NUMBER: SC165445

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
2,867,639
2,618,288

  
2,867,639
2,618,288

Current assets
  

Stocks
 5 
314,494
300,059

Debtors: amounts falling due within one year
 6 
454,072
290,689

Cash at bank and in hand
  
181,502
212,360

  
950,068
803,108

Creditors: amounts falling due within one year
 7 
(1,315,442)
(949,764)

Net current liabilities
  
 
 
(365,374)
 
 
(146,656)

Total assets less current liabilities
  
2,502,265
2,471,632

Creditors: amounts falling due after more than one year
 8 
(295,645)
(102,946)

Provisions for liabilities
  

Deferred tax
  
(149,177)
(161,599)

  
 
 
(149,177)
 
 
(161,599)

Net assets
  
2,057,443
2,207,087


Capital and reserves
  

Called up share capital 
  
1,600,000
1,600,000

Profit and loss account
  
457,443
607,087

  
2,057,443
2,207,087

Page 1

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
REGISTERED NUMBER: SC165445

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 22 November 2024.




Mr J B Quibell
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Rosneath Castle Caravan Park is a private company limited by shares incorporated in Scotland with company registration number SC1654445. The registered office is Rosneath Castle Park, Rosneath, Near Helensburgh, Argyll, Scotland, G84 0QS. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 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 Tunrover 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 Tunrover 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 Tunrover 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 Tunrover 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.

Page 3

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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
-
In accordance with the property
Plant and machinery
-
25% on cost
Motor vehicles
-
20% on cost
Fixtures and fittings
-
25% on cost
Caravan Hire Stock
-
at variable rates on 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.

Page 5

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
42
44


4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 March 2023
2,187,683
1,663,340
17,351
-
779,052


Additions
390,967
42,550
-
5,779
135,421


Disposals
-
-
-
-
(136,290)
Page 6

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

           4.Tangible fixed assets (continued)




At 29 February 2024

2,578,650
1,705,890
17,351
5,779
778,183



Depreciation


At 1 March 2023
462,404
1,375,623
10,989
-
180,122


Charge for the year on owned assets
33,746
128,374
3,470
1,445
83,631


Disposals
-
-
-
-
(61,590)



At 29 February 2024

496,150
1,503,997
14,459
1,445
202,163



Net book value



At 29 February 2024
2,082,500
201,893
2,892
4,334
576,020



At 28 February 2023
1,725,279
287,717
6,362
-
598,930

Total

£



Cost or valuation


At 1 March 2023
4,647,426


Additions
574,717


Disposals
(136,290)



At 29 February 2024

5,085,853



Depreciation


At 1 March 2023
2,029,138


Charge for the year on owned assets
250,666


Disposals
(61,590)



At 29 February 2024

2,218,214



Net book value



At 29 February 2024
2,867,639



At 28 February 2023
2,618,288

Page 7

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


29 February
28 February
2024
2023
£
£

Freehold
2,082,500
1,725,279

2,082,500
1,725,279



5.


Stocks

29 February
28 February
2024
2023
£
£

Raw materials and consumables
314,494
300,059

314,494
300,059



6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
346,014
255,453

Other debtors
89,560
14,257

Prepayments and accrued income
18,498
20,979

454,072
290,689


Page 8

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
69,879
23,000

Other loans
116,264
-

Trade creditors
127,091
105,292

Other taxation and social security
58,389
13,086

Obligations under finance lease and hire purchase contracts
115,528
24,632

Other creditors
167,352
209,255

Accruals and deferred income
660,939
574,499

1,315,442
949,764



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
30,667
53,667

Net obligations under finance leases and hire purchase contracts
264,978
49,279

295,645
102,946


Page 9

 
ROSNEATH CASTLE CARAVAN PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1,600,000 (2023 - 1,600,000) Ordinary shares of £1.00 each
1,600,000
1,600,000



Page 10