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Registration number: 05668571

Burhope Farm Campsite Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Burhope Farm Campsite Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Burhope Farm Campsite Limited

Company Information

Directors

Mrs Philippa Jane Hale

Mr Paul Anthony Hale

Registered office

Burhope Farm
Orcop
Hereford
HR2 8EU

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Burhope Farm Campsite Limited

Directors' Report for the Year Ended 31 July 2024

The directors present their report and the financial statements for the year ended 31 July 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Philippa Jane Hale

Mr Paul Anthony Hale

Principal activity

The principal activity of the company is Operation of sports facilities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 21 January 2025 and signed on its behalf by:

.........................................
Mrs Philippa Jane Hale
Director

.........................................
Mr Paul Anthony Hale
Director

 
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Burhope Farm Campsite Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Burhope Farm Campsite Limited for the year ended 31 July 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Burhope Farm Campsite Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Burhope Farm Campsite Limited. You consider that Burhope Farm Campsite Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Burhope Farm Campsite Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

21 January 2025

 

Burhope Farm Campsite Limited

(Registration number: 05668571)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

601,611

590,362

Current assets

 

Cash at bank and in hand

 

7,845

8,670

Creditors: Amounts falling due within one year

6

(133,524)

(142,124)

Net current liabilities

 

(125,679)

(133,454)

Total assets less current liabilities

 

475,932

456,908

Creditors: Amounts falling due after more than one year

6

(297,689)

(305,209)

Net assets

 

178,243

151,699

Capital and reserves

 

Retained earnings

178,243

151,699

Shareholders' funds

 

178,243

151,699

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 January 2025 and signed on its behalf by:
 

.........................................
Mrs Philippa Jane Hale
Director

.........................................
Mr Paul Anthony Hale
Director

 
     
 

Burhope Farm Campsite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Burhope Farm
Orcop
Hereford
HR2 8EU
United Kingdom

These financial statements were authorised for issue by the Board on 21 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% on cost

Plant & Machinery

15% reducing balance

 

Burhope Farm Campsite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Computer Equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

9,576

9,019

 

Burhope Farm Campsite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

582,854

21,930

14,964

619,748

Additions

-

-

25,325

25,325

Disposals

-

-

(5,610)

(5,610)

At 31 July 2024

582,854

21,930

34,679

639,463

Depreciation

At 1 August 2023

10,667

10,055

8,664

29,386

Charge for the year

1,071

6,733

4,474

12,278

Eliminated on disposal

-

-

(3,812)

(3,812)

At 31 July 2024

11,738

16,788

9,326

37,852

Carrying amount

At 31 July 2024

571,116

5,142

25,353

601,611

At 31 July 2023

572,187

11,875

6,300

590,362

Included within the net book value of land and buildings above is £571,116 (2023 - £572,187) in respect of freehold land and buildings.
 

 

Burhope Farm Campsite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

trade creditors

5,217

2,850

Prepaid income

33,596

20,586

Other creditors

94,711

118,688

133,524

142,124

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

297,689

305,209

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100