Registered number
00812890
Rusty Well Park Limited
Unaudited Filleted Accounts
31 July 2024
Rusty Well Park Limited
Registered number: 00812890
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 179,789 175,031
Current assets
Stocks 53,325 175,131
Debtors 4 246,542 248,150
Cash at bank and in hand 216,157 47,192
516,024 470,473
Creditors: amounts falling due within one year 5 (79,436) (66,227)
Net current assets 436,588 404,246
Total assets less current liabilities 616,377 579,277
Provisions for liabilities (3,539) (2,349)
Net assets 612,838 576,928
Capital and reserves
Called up share capital 25,000 25,000
Profit and loss account 587,838 551,928
Shareholders' funds 612,838 576,928
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Susan Stride
Director
Approved by the board on 7 March 2025
Rusty Well Park Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings not provided
Plant and machinery 25% and 10% on reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance and over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 165,636 72,211 237,847
Additions - 7,177 7,177
Disposals - (863) (863)
At 31 July 2024 165,636 78,525 244,161
Depreciation
At 1 August 2023 - 62,816 62,816
Charge for the year - 2,393 2,393
On disposals - (837) (837)
At 31 July 2024 - 64,372 64,372
Net book value
At 31 July 2024 165,636 14,153 179,789
At 31 July 2023 165,636 9,395 175,031
4 Debtors 2024 2023
£ £
Trade debtors 16,714 15,403
Amounts owed by group undertakings and undertakings in which the company has a participating interest 223,680 223,680
VAT - 3,429
Other debtors 6,148 5,638
246,542 248,150
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,676 16,171
VAT 374 -
Taxation and social security costs 64,659 46,628
Other creditors 6,727 3,428
79,436 66,227
6 Related party transactions
Stampede UK Limited
UK-based Parent Company

At the reporting date, the Company was owed £117,220 from Stampede UK Limited. This loan has no set repayment terms.

Primrose Hill Residential Park Limited
UK-based Related Party

At the reporting date, the Company was owed £106,460 from Primrose Hill Residential Park Limited. This loan has no set repayment terms.
7 Controlling party
Rusty Well Park Limited is a subsidiary. Stampede UK Limited is the ultimate parent, whose registered office address is: 1 St. Andrews Lane, Tangmere, Chichester, West Sussex, PO20 2HQ
8 Other information
Rusty Well Park Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 St. Andrews Lane
Tangmere
Chichester
West Sussex
PO20 2HQ
Rusty Well Park Limited 00812890 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Susan Stride No description of principal activity 00812890 2022-08-01 2023-07-31 00812890 core:WithinOneYear 2023-07-31 00812890 core:ShareCapital 2023-07-31 00812890 core:RetainedEarningsAccumulatedLosses 2023-07-31 00812890 2023-08-01 2024-07-31 00812890 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 00812890 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 00812890 bus:Director40 2023-08-01 2024-07-31 00812890 1 2023-08-01 2024-07-31 00812890 2 2023-08-01 2024-07-31 00812890 core:LandBuildings 2023-08-01 2024-07-31 00812890 core:PlantMachinery 2023-08-01 2024-07-31 00812890 countries:England 2023-08-01 2024-07-31 00812890 bus:FRS102 2023-08-01 2024-07-31 00812890 bus:FilletedAccounts 2023-08-01 2024-07-31 00812890 2024-07-31 00812890 core:WithinOneYear 2024-07-31 00812890 core:ShareCapital 2024-07-31 00812890 core:RetainedEarningsAccumulatedLosses 2024-07-31 00812890 core:LandBuildings 2024-07-31 00812890 core:PlantMachinery 2024-07-31 00812890 2023-07-31 00812890 core:LandBuildings 2023-07-31 00812890 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure