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REGISTERED NUMBER: 07555405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TALL TREES CARAVAN PARK LTD

TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TALL TREES CARAVAN PARK LTD

COMPANY INFORMATION
for the Year Ended 29 FEBRUARY 2024







DIRECTORS: Mrs L Hiles
Mr J Hiles





REGISTERED OFFICE: Lambert House
The Street
Thornage
Holt
Norfolk
NR25 7QF





REGISTERED NUMBER: 07555405 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 315,000 -
Tangible assets 5 4,130,850 8,805
4,445,850 8,805

CURRENT ASSETS
Stocks 131,727 -
Debtors 6 19,642 987,118
Prepayments and accrued income 7,194 294
Cash at bank and in hand 1,666,474 4,499,761
1,825,037 5,487,173
CREDITORS
Amounts falling due within one year 7 819,506 44,467
NET CURRENT ASSETS 1,005,531 5,442,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,451,381

5,451,511

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,450,381 5,450,511
5,451,381 5,451,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 17 January 2025 and were signed on its behalf by:




Mr J Hiles - Director



Mrs L Hiles - Director


TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Tall Trees Caravan 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Land and buildings - 2% straight line
Plant and Machinery - 20% reducing balance
Fixtures and Fittings - 25% reducing balance
Motor Vehicles - 25% reducing balance

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


TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 350,000
At 29 February 2024 350,000
AMORTISATION
Charge for year 35,000
At 29 February 2024 35,000
NET BOOK VALUE
At 29 February 2024 315,000

TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 - - 2,002 31,964 33,966
Additions 4,028,125 124,644 - 103,353 4,256,122
Disposals - - - (14,500 ) (14,500 )
At 29 February 2024 4,028,125 124,644 2,002 120,817 4,275,588
DEPRECIATION
At 1 March 2023 - - 500 24,661 25,161
Charge for year 80,563 24,931 375 27,483 133,352
Eliminated on disposal - - - (13,775 ) (13,775 )
At 29 February 2024 80,563 24,931 875 38,369 144,738
NET BOOK VALUE
At 29 February 2024 3,947,562 99,713 1,127 82,448 4,130,850
At 28 February 2023 - - 1,502 7,303 8,805

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 19,642 -
Other debtors - 7,797
19,642 7,797

Amounts falling due after more than one year:
Other debtors - 979,321

Aggregate amounts 19,642 987,118

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 947 119
Taxation and social security 62,015 35,398
Other creditors 756,544 8,950
819,506 44,467

TALL TREES CARAVAN PARK LTD (REGISTERED NUMBER: 07555405)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr J Hiles
Balance outstanding at start of year 1,460 31,460
Amounts advanced 1,811,423 -
Amounts repaid (2,175,778 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (362,895 ) 1,460

Mrs L Hiles
Balance outstanding at start of year 1,580 31,580
Amounts advanced 1,811,423 -
Amounts repaid (2,174,676 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (361,673 ) 1,580

9. RELATED PARTY DISCLOSURES

The Company was under the control of Mr J and Mrs L Hiles throughout the current year. Mr J Hiles is the managing director, Mr J and Mrs L Hiles control all the shares equally.

The company's principal related parties during the period were as follows:

Mr J D Hiles (director)
Mrs L Hiles (director)
Tall Trees Caravan Park (a partnership in which Mr J L Hiles and Mrs L Hiles are partners)

The directors were owed by the company £724,568 (2023 - (£3,040))

Tall Trees Caravan Park was procured by Tall Trees Caravan Park Ltd on the 03.04.23.