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REGISTERED NUMBER: 04091550 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

Riverside Caravan Park (Hawick) Limited

Riverside Caravan Park (Hawick) Limited (Registered number: 04091550)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Riverside Caravan Park (Hawick) Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: B Wetherley
Mrs J Wetherley
K P Taylor
P B R Taylor
Mrs S J Taylor
N E Carlyle
D A Gifford
S A MacDonald





REGISTERED OFFICE: Moorside Farm Laversdale
Irthington
Carlisle
Cumbria
CA6 4PS





REGISTERED NUMBER: 04091550 (England and Wales)





AUDITORS: Farries, Kirk & McVean
Chartered Accountants
Statutory Auditors
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Riverside Caravan Park (Hawick) Limited (Registered number: 04091550)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 979,945 990,480

CURRENT ASSETS
Stocks 433,989 283,089
Debtors 5 53,079 49,114
Cash at bank and in hand 737,136 724,450
1,224,204 1,056,653
CREDITORS
Amounts falling due within one year 6 (283,974 ) (223,898 )
NET CURRENT ASSETS 940,230 832,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,920,175

1,823,235

PROVISIONS FOR LIABILITIES (5,006 ) (5,996 )
NET ASSETS 1,915,169 1,817,239

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,915,069 1,817,139
1,915,169 1,817,239

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 24th February 2025 and were signed on its behalf by:





Mrs S J Taylor - Director


Riverside Caravan Park (Hawick) Limited (Registered number: 04091550)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Riverside Caravan Park (Hawick) 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on reducing balance
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Riverside Caravan Park (Hawick) Limited (Registered number: 04091550)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
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.

Trade debtors
Trade debtors are amounts due from customers for the sale of services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the services charged to customers, including any amounts charged on for third parties.

Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts due to sub-contractors are recognised within Trade Creditors.

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.

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 transactions 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 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.

Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 1,009,288 140,913 1,150,201
Additions - 719 719
At 31st December 2023 1,009,288 141,632 1,150,920
DEPRECIATION
At 1st January 2023 61,373 98,348 159,721
Charge for year 3,230 8,024 11,254
At 31st December 2023 64,603 106,372 170,975
NET BOOK VALUE
At 31st December 2023 944,685 35,260 979,945
At 31st December 2022 947,915 42,565 990,480

Riverside Caravan Park (Hawick) Limited (Registered number: 04091550)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 53,079 49,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 170,387 109,753
Amounts owed to group undertakings 30,609 31,726
Taxation and social security 53,739 64,826
Other creditors 29,239 17,593
283,974 223,898

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

The hire purchase creditors are secured on the assets on which the finance is outstanding.

The company's bank facilities form part of the Group facility extended by HSBC to the Group's parent company, Border Caravans Limited. These facilities are secured by way of unlimited guarantee and bond and floating charges over the assets of that company.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Rodney Palmer, BA, CA (Senior Statutory Auditor)
for and on behalf of Farries, Kirk & McVean

9. RELATED PARTY DISCLOSURES

During the year the company made purchases of £175,933 (2022 - £114,667) from the parent company, £38,173 (2022 - £19,917) from group companies.
The company has inter-company debtors of £30,000 (2022 - £30,000) at the year end.
The company has parent company creditor of £85,000 (2022 - £85,000) at the year end.
The company paid dividends of £36,000 (2022 - £36,000) to the parent company in the year.
The company has an interest free loan from the parent company. £31,577 (2022 - £31,577) was owing at the year end.
The company operates an interest free loan with group companies. £149 (2022 - £149) was owing at the year end to the group companies. Both loans are interest free and payable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is fully under the control of Border Caravans Limited, a company incorporated in Scotland, which owns 100% of the share capital. The parent company registered office is at Farries, Kirk & McVean, Dumfries Enterprise Park, Dumfries, DG1 3SJ.