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REGISTERED NUMBER: 08025553 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Asa Country Parks Limited

Asa Country Parks Limited (Registered number: 08025553)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asa Country Parks Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Burnside
E J Burnside





REGISTERED OFFICE: 36 Haughton Green
Haughton Village
DARLINGTON
Co Durham
DL1 2DF





REGISTERED NUMBER: 08025553 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Asa Country Parks Limited (Registered number: 08025553)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,333 39,333
Tangible assets 5 1,113,012 1,108,329
Investment property 6 705,174 678,772
1,849,519 1,826,434

CURRENT ASSETS
Stocks 7 244,728 413,490
Debtors 8 12,485 350,560
Cash at bank and in hand 694,678 146,277
951,891 910,327
CREDITORS
Amounts falling due within one year 9 520,414 463,679
NET CURRENT ASSETS 431,477 446,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,280,996

2,273,082

CREDITORS
Amounts falling due after more than one
year

10

(716,964

)

(807,819

)

PROVISIONS FOR LIABILITIES 12 (27,170 ) (24,837 )
NET ASSETS 1,536,862 1,440,426

CAPITAL AND RESERVES
Called up share capital 13 100 100
Investment property revaluation 14 36,627 -
Retained earnings 1,500,135 1,440,326
SHAREHOLDERS' FUNDS 1,536,862 1,440,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Asa Country Parks Limited (Registered number: 08025553)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





J Burnside - Director


Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Asa Country Parks Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Income recognition
Income from the sale of caravans and static lodges is recognised when a contract for the sale of goods is determined as unconditional, usually upon delivery of the item.
Income for the provision of services is recognised when the conditions contained within a contract for services have been met.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold land - not provided
Improvements to property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Fixed assets are held at cost less accumulated depreciation.

The Directors consider that the freehold land's recoverable value is at least equal to its cost. As a result no depreciation has been charged.

Investment property
Investment property is held at fair value, as assessed by the directors at the end of each accounting period.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.


Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 80,000
AMORTISATION
At 1 May 2023 40,667
Amortisation for year 8,000
At 30 April 2024 48,667
NET BOOK VALUE
At 30 April 2024 31,333
At 30 April 2023 39,333

Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
land property machinery
£    £    £   
COST
At 1 May 2023 805,862 165,474 54,355
Additions - 6,549 21,289
Disposals - (6,000 ) -
Reclassification/transfer - 21,621 -
At 30 April 2024 805,862 187,644 75,644
DEPRECIATION
At 1 May 2023 - 8,350 27,770
Charge for year - 3,930 19,002
Eliminated on disposal - - -
At 30 April 2024 - 12,280 46,772
NET BOOK VALUE
At 30 April 2024 805,862 175,364 28,872
At 30 April 2023 805,862 157,124 26,585

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 50,820 121,854 2,954 1,201,319
Additions 599 146,081 191 174,709
Disposals - (150,795 ) - (156,795 )
Reclassification/transfer - - - 21,621
At 30 April 2024 51,419 117,140 3,145 1,240,854
DEPRECIATION
At 1 May 2023 50,687 3,541 2,642 92,990
Charge for year 273 25,742 282 49,229
Eliminated on disposal - (14,377 ) - (14,377 )
At 30 April 2024 50,960 14,906 2,924 127,842
NET BOOK VALUE
At 30 April 2024 459 102,234 221 1,113,012
At 30 April 2023 133 118,313 312 1,108,329

Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 678,772
Revaluations 48,023
Reclassification/transfer (21,621 )
At 30 April 2024 705,174
NET BOOK VALUE
At 30 April 2024 705,174
At 30 April 2023 678,772

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 48,023
Cost 657,151
705,174

7. STOCKS
2024 2023
£    £   
Stocks 244,728 413,490

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,129 129,861
Other debtors - 87,257
Directors' current accounts - 126,956
Prepayments and accrued income 11,356 6,486
12,485 350,560

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,534 55,248
Other loans 9,700 5,000
Trade creditors 211,113 226,875
Taxation and social security 55,877 40,004
Other creditors 7,000 -
Directors' current accounts 34,159 -
Accruals and deferred income 143,031 136,552
520,414 463,679

Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 59,534 59,534
Bank loans - 2-5 years 246,616 711,952
Bank loans more 5 yr by instal 400,814 -
Other loans - 2-5 years 10,000 36,333
716,964 807,819

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 400,814 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 766,498 826,734

The bank loan is secured by a fixed and floating charge over the property or the undertaking of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,170 24,837

Deferred
tax
£   
Balance at 1 May 2023 24,837
Accelerated capital allowances 2,333
Balance at 30 April 2024 27,170

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 A Ordinary £1 51 51
49 B Ordinary £1 49 49
100 100

The "A" and "B" shares shall constitute different classes of shares for the purposes of the Companies Act 2006 but shall, save as otherwise provided for, confer upon the holders thereof the same rights and rank pari passu in all respects except that the directors shall be entitled to pay such different dividend of the "A" and "B" shares as they shall from time to time decide.

Asa Country Parks Limited (Registered number: 08025553)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

14. RESERVES
Investment
property
revaluation
£   
Investment property
revaluation 48,023
Deferred tax on revaluation (11,396 )

At 30 April 2024 36,627

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
J Burnside
Balance outstanding at start of year 126,956 (21,989 )
Amounts advanced 3,976 244,442
Amounts repaid (165,091 ) (95,497 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,159 ) 126,956