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REGISTERED NUMBER: 07772710 (England and Wales)












MCCARTHY HOLIDAY PARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCCARTHY HOLIDAY PARKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: Mr M McCarthy
Mr P C McCarthy





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Greendales Farm
Carr Lane
Middleton
MORECAMBE
LA3 3LH





Registered number: 07772710 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 320,000 340,000
Tangible assets 5 2,437,790 2,445,098
2,757,790 2,785,098

Current assets
Stocks 317,276 209,902
Debtors 6 1,008,632 959,356
Prepayments and accrued income 38,941 5,835
Cash at bank and in hand 239,819 956,322
1,604,668 2,131,415
Creditors
Amounts falling due within one year 7 364,347 418,820
Net current assets 1,240,321 1,712,595
Total assets less current liabilities 3,998,111 4,497,693

Creditors
Amounts falling due after more than one
year

8

(121,563

)

(960,981

)

Provisions for liabilities (20,884 ) (12,361 )

Accruals and deferred income (214,951 ) (344,635 )
Net assets 3,640,713 3,179,716

Capital and reserves
Called up share capital 2 2
Retained earnings 3,640,711 3,179,714
3,640,713 3,179,716

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

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

MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mr M McCarthy - Director


MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

McCarthy Holiday 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. Accounting policies - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 400,000
Amortisation
At 1 October 2023 60,000
Charge for year 20,000
At 30 September 2024 80,000
Net book value
At 30 September 2024 320,000
At 30 September 2023 340,000

MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 October 2023 2,135,437 589,279 2,724,716
Additions - 63,122 63,122
Disposals - (14,637 ) (14,637 )
At 30 September 2024 2,135,437 637,764 2,773,201
Depreciation
At 1 October 2023 2,662 276,956 279,618
Charge for year 1,331 54,942 56,273
Eliminated on disposal - (480 ) (480 )
At 30 September 2024 3,993 331,418 335,411
Net book value
At 30 September 2024 2,131,444 306,346 2,437,790
At 30 September 2023 2,132,775 312,323 2,445,098

Included in cost of land and buildings is freehold land of £ 2,102,171 (2023 - £ 2,102,171 ) which is not depreciated.

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 89,768 49,341
Other debtors 918,864 910,015
1,008,632 959,356

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 113,850 67,421
Trade creditors 27,456 27,124
Taxation and social security 186,718 289,072
Other creditors 36,323 35,203
364,347 418,820

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 121,563 960,981

MCCARTHY HOLIDAY PARKS LIMITED (REGISTERED NUMBER: 07772710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 235,413 1,028,402

The bank loan is secured by a fixed charge on all current and future property of the company.

10. Other financial commitments

There is a freehold 1st legal charge over the property contained within the company in relation to another company within which the owners have a controlling interest.