Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falseCaravan site2023-10-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00834436 2023-10-01 2024-09-30 00834436 2022-10-01 2023-09-30 00834436 2024-09-30 00834436 2023-09-30 00834436 c:Director1 2023-10-01 2024-09-30 00834436 c:Director2 2023-10-01 2024-09-30 00834436 d:Buildings 2023-10-01 2024-09-30 00834436 d:Buildings 2024-09-30 00834436 d:Buildings 2023-09-30 00834436 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00834436 d:PlantMachinery 2023-10-01 2024-09-30 00834436 d:PlantMachinery 2024-09-30 00834436 d:PlantMachinery 2023-09-30 00834436 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00834436 d:MotorVehicles 2023-10-01 2024-09-30 00834436 d:MotorVehicles 2024-09-30 00834436 d:MotorVehicles 2023-09-30 00834436 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00834436 d:FurnitureFittings 2023-10-01 2024-09-30 00834436 d:FurnitureFittings 2024-09-30 00834436 d:FurnitureFittings 2023-09-30 00834436 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00834436 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00834436 d:CurrentFinancialInstruments 2024-09-30 00834436 d:CurrentFinancialInstruments 2023-09-30 00834436 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00834436 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00834436 d:ShareCapital 2024-09-30 00834436 d:ShareCapital 2023-09-30 00834436 d:RetainedEarningsAccumulatedLosses 2024-09-30 00834436 d:RetainedEarningsAccumulatedLosses 2023-09-30 00834436 c:FRS102 2023-10-01 2024-09-30 00834436 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00834436 c:FullAccounts 2023-10-01 2024-09-30 00834436 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00834436 2 2023-10-01 2024-09-30 00834436 7 2023-10-01 2024-09-30 00834436 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00834436 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00834436 d:OtherDeferredTax 2024-09-30 00834436 d:OtherDeferredTax 2023-09-30 00834436 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 00834436










SANDY GULLS CARAVAN PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SANDY GULLS CARAVAN PARK LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 8

 
SANDY GULLS CARAVAN PARK LIMITED
REGISTERED NUMBER: 00834436

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
278,940
188,224

  
278,940
188,224

Current assets
  

Stocks
  
42,500
6,000

Debtors: amounts falling due within one year
 5 
21,923
28,371

Cash at bank and in hand
  
61,354
340,058

  
125,777
374,429

Creditors: amounts falling due within one year
 6 
(187,496)
(225,577)

Net current (liabilities)/assets
  
 
 
(61,719)
 
 
148,852

Total assets less current liabilities
  
217,221
337,076

Provisions for liabilities
  

Deferred tax
  
(23,159)
(17,195)

  
 
 
(23,159)
 
 
(17,195)

Net assets
  
194,062
319,881


Capital and reserves
  

Called up share capital 
  
3,110
3,110

Profit and loss account
  
190,952
316,771

  
194,062
319,881

Page 1

 
SANDY GULLS CARAVAN PARK LIMITED
REGISTERED NUMBER: 00834436
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 income statement 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 by: 




................................................
Mr R Shreeve
................................................
Mrs S M Hele
Director
Director


Date: 20 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Sandy Gulls Caravan Park Limited is a private company limited by shares and incorporated in England and Wales, registration number 00834436. The registered office is Cromer Road, Mundesley, Norfolk, NR11 8DF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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. 

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover 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 turnover 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 turnover 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 turnover 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

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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.


 
2.6

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.

Page 4

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Caravans
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
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 the income statement.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the cost of purchase.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price. The impairment loss is recognised immediately in profit and loss.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the statement of financial position date and carried forward to future periods and is material. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the statement of financial position date.

Page 5

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Caravans
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
138,274
3,959
58,599
125,091
325,923


Additions
12,544
-
107,839
13,749
134,132


Disposals
-
-
(29,824)
(3,956)
(33,780)



At 30 September 2024

150,818
3,959
136,614
134,884
426,275



Depreciation


At 1 October 2023
13,464
1,622
33,033
89,580
137,699


Charge for the year on owned assets
2,363
234
17,021
11,656
31,274


Disposals
-
-
(20,444)
(1,194)
(21,638)



At 30 September 2024

15,827
1,856
29,610
100,042
147,335



Net book value



At 30 September 2024
134,991
2,103
107,004
34,842
278,940



At 30 September 2023
124,810
2,337
25,566
35,511
188,224

Included in land and buildings is freehold land of £32,980 (2023 - £32,980), which is not depreciated.


5.


Debtors

2024
2023
£
£


Other debtors
8,191
4,548

Prepayments and accrued income
13,732
23,823

21,923
28,371


Page 7

 
SANDY GULLS CARAVAN PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
117,526
113,879

Trade creditors
-
744

Corporation tax
2,993
39,604

Other taxation and social security
-
15,451

Other creditors
56,673
44,435

Accruals and deferred income
10,304
11,464

187,496
225,577



7.


Deferred taxation




2024


£






At beginning of year
(17,195)


Charged to profit or loss
(5,964)



At end of year
(23,159)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,079)
(9,195)

Capital assets
(6,080)
(8,000)

(23,159)
(17,195)

 
Page 8