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Registration number: 05629197

Townsend Touring Park Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Townsend Touring Park Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

Townsend Touring Park Limited

Company Information

Directors

Mr Geoffrey John Smith

Mrs Suzanne Jayne Smith

Registered office

Townsend Farm
Pembridge
Leominster
Herefordshire
HR6 9HB

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Townsend Touring Park Limited

Directors' Report for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Geoffrey John Smith

Mrs Suzanne Jayne Smith

Principal activity

The principal activity of the company is touring and camping park

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 26 February 2025 and signed on its behalf by:

.........................................
Mr Geoffrey John Smith
Director

.........................................
Mrs Suzanne Jayne Smith
Director

 
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Townsend Touring Park Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Townsend Touring Park Limited for the year ended 31 May 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Townsend Touring Park Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Townsend Touring Park Limited. You consider that Townsend Touring Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Townsend Touring Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

26 February 2025

 

Townsend Touring Park Limited

(Registration number: 05629197)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

2,433

40,578

Current assets

 

Debtors

7

-

2

Cash at bank and in hand

 

-

(484)

 

-

(482)

Creditors: Amounts falling due within one year

8

(2,108)

(10,137)

Net current liabilities

 

(2,108)

(10,619)

Total assets less current liabilities

 

325

29,959

Provisions for liabilities

(82)

(31)

Net assets

 

243

29,928

Capital and reserves

 

Called up share capital

9

2

3

Retained earnings

241

29,925

Shareholders' funds

 

243

29,928

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr Geoffrey John Smith
Director

.........................................
Mrs Suzanne Jayne Smith
Director

 
     
 

Townsend Touring Park Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

2

29,923

29,925

Equity contribution

-

10,514

10,514

At 1 June 2023 (As restated)

2

40,437

40,439

Loss for the year

-

(38,196)

(38,196)

Dividends

-

(2,000)

(2,000)

At 31 May 2024

2

241

243

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

2

29,565

29,567

Profit for the year

-

360

360

At 31 May 2023

2

29,925

29,927

 

Townsend Touring Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Townsend Farm
Pembridge
Leominster
Herefordshire
HR6 9HB

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, fixtures and fittings

25% reducing balance

 

Townsend Touring Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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 merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

145

193

 

Townsend Touring Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

60,000

60,000

At 31 May 2024

60,000

60,000

Amortisation

At 1 June 2023

60,000

60,000

At 31 May 2024

60,000

60,000

Carrying amount

At 31 May 2024

-

-

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

40,000

30,495

70,495

Additions

(38,000)

-

(38,000)

At 31 May 2024

2,000

30,495

32,495

Depreciation

At 1 June 2023

-

29,917

29,917

Charge for the year

-

145

145

At 31 May 2024

-

30,062

30,062

Carrying amount

At 31 May 2024

2,000

433

2,433

At 31 May 2023

40,000

578

40,578

Included within the net book value of land and buildings above is £2,000 (2023 - £40,000) in respect of freehold land and buildings.
 

7

Debtors

 

Townsend Touring Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Current

2024
£

2023
£

Trade debtors

-

2

 

-

2

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

4,237

Taxation and social security

108

108

Other creditors

2,000

5,792

2,108

10,137

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2