Company Registration No. 07403109 (England and Wales)
TYDDYN MORTHWYL CARAVAN PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TYDDYN MORTHWYL CARAVAN PARK LIMITED
COMPANY INFORMATION
Director
Mr J.R. Meldrum
Company number
07403109
Registered office
Triangle Wood Caravan Park
Tyn y Morfa
Gwespyr
Holywell
Flintshire
CH8 9NH
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
Business address
Tyddyn Morthwyl Caravan Park
Criccieth
Gwynedd
LL52 0NF
TYDDYN MORTHWYL CARAVAN PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TYDDYN MORTHWYL CARAVAN PARK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
333,829
353,463
Current assets
Stocks
74,479
64,379
Debtors
4
15,064
38,478
Cash at bank and in hand
44,833
16,685
134,376
119,542
Creditors: amounts falling due within one year
5
(336,946)
(341,973)
Net current liabilities
(202,570)
(222,431)
Net assets
131,259
131,032
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
131,159
130,932
Total equity
131,259
131,032
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
Mr J.R. Meldrum
Director
Company registration number 07403109 (England and Wales)
TYDDYN MORTHWYL CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Tyddyn Morthwyl Caravan Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Triangle Wood Caravan Park, Tyn y Morfa, Gwespyr, Holywell, Flintshire, CH8 9NH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable from pitch fees, sale of caravans, commissions and utilities recharged net of VAT
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
25 Years Straight Line Basis
Plant and machinery
25% Reducing Balance
Motor vehicles
25% Straight Line Basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stock is valued at the lower of cost and net realisable value.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
TYDDYN MORTHWYL CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
416,980
59,356
476,336
Additions
2,680
2,680
Disposals
(7,300)
(7,300)
At 31 March 2024
416,980
54,736
471,716
Depreciation and impairment
At 1 April 2023
81,512
41,361
122,873
Depreciation charged in the year
16,680
5,327
22,007
Eliminated in respect of disposals
(6,993)
(6,993)
At 31 March 2024
98,192
39,695
137,887
Carrying amount
At 31 March 2024
318,788
15,041
333,829
At 31 March 2023
335,468
17,995
353,463
TYDDYN MORTHWYL CARAVAN PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,605
24,936
Other debtors
459
13,542
15,064
38,478
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
51,275
Taxation and social security
4,706
Other creditors
332,240
290,698
336,946
341,973
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100