Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetruefalse2023-04-01falseresidential park home site11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12244034 2023-04-01 2024-03-31 12244034 2022-04-01 2023-03-31 12244034 2024-03-31 12244034 2023-03-31 12244034 2022-04-01 12244034 c:Director1 2023-04-01 2024-03-31 12244034 d:Buildings 2023-04-01 2024-03-31 12244034 d:Buildings 2024-03-31 12244034 d:Buildings 2023-03-31 12244034 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12244034 d:PlantMachinery 2023-04-01 2024-03-31 12244034 d:PlantMachinery 2024-03-31 12244034 d:PlantMachinery 2023-03-31 12244034 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12244034 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 12244034 d:OtherPropertyPlantEquipment 2024-03-31 12244034 d:OtherPropertyPlantEquipment 2023-03-31 12244034 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12244034 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12244034 d:CurrentFinancialInstruments 2024-03-31 12244034 d:CurrentFinancialInstruments 2023-03-31 12244034 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12244034 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12244034 d:ShareCapital 2024-03-31 12244034 d:ShareCapital 2023-03-31 12244034 d:RetainedEarningsAccumulatedLosses 2024-03-31 12244034 d:RetainedEarningsAccumulatedLosses 2023-03-31 12244034 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12244034 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12244034 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12244034 c:OrdinaryShareClass1 2024-03-31 12244034 c:OrdinaryShareClass1 2023-03-31 12244034 c:FRS102 2023-04-01 2024-03-31 12244034 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12244034 c:FullAccounts 2023-04-01 2024-03-31 12244034 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12244034 2 2023-04-01 2024-03-31 12244034 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12244034









BRONZEROCK VIEW PARK LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRONZEROCK VIEW PARK LIMITED
REGISTERED NUMBER: 12244034

BALANCE SHEET
AS AT 31 MARCH 2024

31 March 2024
31 March 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,825,170
4,188,755

Current assets
  

Stocks
 5 
663,856
-

Debtors: amounts falling due within one year
 6 
5,493
7,675

Cash at bank and in hand
  
24,216
4,269

  
693,565
11,944

Creditors: amounts falling due within one year
 7 
(4,724,197)
(4,103,007)

Net current liabilities
  
 
 
(4,030,632)
 
 
(4,091,063)

Total assets less current liabilities
  
(205,462)
97,692

Provisions for liabilities
  

Deferred tax
 8 
(17,594)
(10,109)

  
 
 
(17,594)
 
 
(10,109)

Net (liabilities)/assets
  
(223,056)
87,583


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(223,156)
87,483

  
(223,056)
87,583

Page 1

 
BRONZEROCK VIEW PARK LIMITED
REGISTERED NUMBER: 12244034

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Director considers 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 Director acknowledges her 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 statement of income and retained earnings 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: 






................................................
Ms M Howard
Director
Date: 31 January 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bronzerock View Park Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 
The Company is part of a group with the parent being Howard Parks Homes Limited.

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 Company's functional and presentational currency is Pounds Sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director has considered the going concern basis in preparing these financial statements. She
has concluded that the going concern basis is appropriate because sufficient funds will be generated
from future trading and continued group support for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise. 
The financial statements do not include any adjustments that would result from the withdrawal of this support.

 
2.3

Turnover

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. Monies received in advance are treated as deferred income and held as payments on account.
Pitch fees, rentals, recharge of expenses and commissions
Income is recognised on an accruals basis in the period to which they relate.
Sales of mobile homes
Sales are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place.

 
2.4

Interest income

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

Page 3

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Corporation and deferred taxation

The tax expense for the period comprises corporation 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
Not Depreciated
Plant and machinery
-
20% Straight Line
Other fixed assets
-
25 Year Straight Line

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 profit or loss.
No depreciation has been provided on freehold property and site improvements as the property is
maintained in such a state of repair that its residual value is at least equal to its net book value. As a
result the corresponding depreciation would not be material, and therefore is not charged to the
profit and loss account.

Page 4

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair 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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4,105,318
300
87,000
4,192,618


Additions
-
-
30,000
30,000



At 31 March 2024

4,105,318
300
117,000
4,222,618



Depreciation


At 1 April 2023
-
70
3,793
3,863


Charge for the year on owned assets
-
60
3,980
4,040


Impairment charge
389,545
-
-
389,545



At 31 March 2024

389,545
130
7,773
397,448



Net book value



At 31 March 2024
3,715,773
170
109,227
3,825,170



At 31 March 2023
4,105,318
230
83,207
4,188,755


5.


Stocks

2024
2023
£
£

Work in progress
57,804
-

Stock
606,052
-

663,856
-



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
220
100

Other debtors
5,273
7,575

5,493
7,675


Page 6

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
85,000
85,000

Trade creditors
2,250
1,643

Amounts owed to group undertakings
4,261,440
3,988,098

Corporation tax
20,237
14,330

Other creditors
9,800
7,575

Accruals and deferred income
345,470
6,361

4,724,197
4,103,007



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,109)
(10,775)


Charged to profit or loss
(7,485)
666



At end of year
(17,594)
(10,109)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,594)
(10,109)

(17,594)
(10,109)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Contingent liabilities

The Company has given a guarantee in respect of the bank borrowings of its fellow subsidiary company, which amounted to £5,376,946 (2023 - £7,031,231). The guarantee is secured by a fixed charge over the company’s freehold property.

Page 7

 
BRONZEROCK VIEW PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

During the year the Company continued its loan with a close family member of the Director. The amount payable at the year end was £85,000 (2023 - £85,000), the balance is shown within creditors.This loan is unsecured, interest free and repayable on demand. 
During the year the Company continued its loans with its fellow subsidiaries and parent. The amount payable at the year end was £4,261,220 (2023 - £3,987,998), the balance is shown within debtors and creditors. This loan is unsecured, interest free and repayable on demand. 
During the year end Company paid management charges to a fellow group company totalling £202,932 (2023 - £140,737) and insurance recharge fees of £3,140 (2023 - £3,140).
During the year the Company purchased stock units from a fellow group company totalling £185,186.


12.


Controlling party

As of the balance sheet date the controlling party is Howard Parks Homes Limited, by virtue of its 100%
shareholding.
The Ultimate Controlling Party is Ms M Howard by virtue of her 100% shareholding in Howard Parks Homes Limited.

Page 8