Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01true32falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09064251 2023-04-01 2024-03-31 09064251 2022-04-01 2023-03-31 09064251 2024-03-31 09064251 2023-03-31 09064251 2022-04-01 09064251 c:Director1 2023-04-01 2024-03-31 09064251 d:Buildings 2023-04-01 2024-03-31 09064251 d:Buildings 2024-03-31 09064251 d:Buildings 2023-03-31 09064251 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09064251 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09064251 d:PlantMachinery 2023-04-01 2024-03-31 09064251 d:PlantMachinery 2024-03-31 09064251 d:PlantMachinery 2023-03-31 09064251 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09064251 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09064251 d:MotorVehicles 2023-04-01 2024-03-31 09064251 d:MotorVehicles 2024-03-31 09064251 d:MotorVehicles 2023-03-31 09064251 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09064251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09064251 d:OfficeEquipment 2023-04-01 2024-03-31 09064251 d:OfficeEquipment 2024-03-31 09064251 d:OfficeEquipment 2023-03-31 09064251 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09064251 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09064251 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09064251 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09064251 d:CurrentFinancialInstruments 2024-03-31 09064251 d:CurrentFinancialInstruments 2023-03-31 09064251 d:Non-currentFinancialInstruments 2024-03-31 09064251 d:Non-currentFinancialInstruments 2023-03-31 09064251 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09064251 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09064251 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09064251 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09064251 d:ShareCapital 2024-03-31 09064251 d:ShareCapital 2023-03-31 09064251 d:RevaluationReserve 2024-03-31 09064251 d:RevaluationReserve 2023-03-31 09064251 d:RetainedEarningsAccumulatedLosses 2024-03-31 09064251 d:RetainedEarningsAccumulatedLosses 2023-03-31 09064251 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09064251 c:OrdinaryShareClass1 2024-03-31 09064251 c:OrdinaryShareClass1 2023-03-31 09064251 c:FRS102 2023-04-01 2024-03-31 09064251 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09064251 c:FullAccounts 2023-04-01 2024-03-31 09064251 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09064251 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09064251 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09064251 d:OtherDeferredTax 2024-03-31 09064251 d:OtherDeferredTax 2023-03-31 09064251 2 2023-04-01 2024-03-31 09064251 5 2023-04-01 2024-03-31 09064251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 09064251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 09064251 d:LeasedAssetsHeldAsLessee 2024-03-31 09064251 d:LeasedAssetsHeldAsLessee 2023-03-31 09064251 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09064251









ORGANFORD MANOR COUNTRY PARK LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ORGANFORD MANOR COUNTRY PARK LIMITED
REGISTERED NUMBER: 09064251

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,841,048
9,783,787

  
9,841,048
9,783,787

Current assets
  

Stocks
 5 
3,414,244
3,583,673

Debtors: amounts falling due within one year
 6 
1,559,093
1,254,943

Cash at bank and in hand
  
56,063
18,946

  
5,029,400
4,857,562

Creditors: amounts falling due within one year
 7 
(8,916,146)
(8,941,257)

Net current liabilities
  
 
 
(3,886,746)
 
 
(4,083,695)

Total assets less current liabilities
  
5,954,302
5,700,092

Creditors: amounts falling due after more than one year
 8 
(94,169)
(117,751)

Provisions for liabilities
  

Deferred tax
 10 
(348,353)
(492,067)

  
 
 
(348,353)
 
 
(492,067)

Net assets
  
5,511,780
5,090,274


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,139,430
1,032,434

Profit and loss account
  
4,372,250
4,057,740

  
5,511,780
5,090,274


Page 1

 
ORGANFORD MANOR COUNTRY PARK LIMITED
REGISTERED NUMBER: 09064251

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider 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 Directors acknowledge their 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 comprehensive income 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 






................................................
Mr H Simmons
Director

Date: 13 March 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

1.


GENERAL INFORMATION

Organford Manor Country 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 principal place of business is Organford Manor Country Park, Poole, Dorset, BH16 6ES.
The principal activity of the Company continued to be that of the ownership and operation of a residential park.
This Company is part of a group with the parent being H&S Simmons Ltd.

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 pound sterling. 
The Financial statements have been rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because of continued group support and because sufficient funds will be generated from future trading 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. The following criteria must also be met before turnover is recognised:
Pitch Fees, Recharges, Commission and Other Income
Pitch fees, recharges, commission and other income are recognised on an accrual basis in the period to which they relate.
Sales of Mobile Homes
Sales of mobile homes 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.

Page 3

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

2.ACCOUNTING POLICIES (continued)

 
2.4

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
-
25%
straight line
Motor vehicles
-
15%
reducing balance
Office equipment
-
15%
reducing balance

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.

 
2.5

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

STOCK

Stocks and work in progress are stated at the lower of cost and net realisable value.

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.

 
2.7

DEBTORS

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

Page 4

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

2.ACCOUNTING POLICIES (continued)

 
2.8

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 comprehensive income.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value.

 
2.10

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

INTEREST INCOME

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

Page 5

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

2.ACCOUNTING POLICIES (continued)

 
2.13

CORPORATION AND DEFERRED TAXATION

The tax expense for the year 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.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 6
 


 
ORGANFORD MANOR COUNTRY PARK LIMITED


 

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


4.


Tangible fixed assets






Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
9,475,000
192,608
284,492
113,647
10,065,747


Additions
126,200
2,707
97,312
24,625
250,844


Disposals
(15,203)
-
(113,668)
-
(128,871)


Revaluations
(28,873)
-
-
-
(28,873)



At 31 March 2024

9,557,124
195,315
268,136
138,272
10,158,847



Depreciation


At 1 April 2023
-
136,583
89,257
56,120
281,960


Charge for the year on owned assets
-
16,523
18,887
9,268
44,678


Charge for the year on financed assets
-
-
9,295
-
9,295


Disposals
-
-
(18,134)
-
(18,134)



At 31 March 2024

-
153,106
99,305
65,388
317,799



Net book value



At 31 March 2024
9,557,124
42,209
168,831
72,884
9,841,048



At 31 March 2023
9,475,000
56,025
195,235
57,527
9,783,787

Page 7
 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
9,295
95,534

9,295
95,534

Cost or valuation at 31 March 2024 is as follows:

Land and buildings
£


At cost
6,107,889
At valuation:

March 2024
3,449,235



9,557,124

If the freehold property had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
6,107,889
8,115,922

Net book value
6,107,889
8,115,922

The freehold property was valued by Avison Young in August 2023. The directors have considered the valuation and believe that the valuation, plus adjustments to the value for work completed post valuation, should be adopted at the date of signing the financial statements.


5.


Stocks

2024
2023
£
£

Work in progress
118,760
-

Stock
3,295,484
3,583,673

3,414,244
3,583,673


Page 8

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

6.


Debtors

As restated
2024
2023
£
£


Amounts owed by group companies
384,183
261,679

Other debtors
1,153,184
961,895

Prepayments and accrued income
21,726
31,369

1,559,093
1,254,943



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Bank loans
2,584,990
2,572,031

Trade creditors
58,864
81,397

Amounts owed to group companies
5,553,887
5,284,506

Corporation tax
354,610
76,968

Obligations under finance lease and hire purchase contracts
330,143
93,337

Other creditors
16,625
784,580

Accruals and deferred income
17,027
48,438

8,916,146
8,941,257


Bank loans are secured over the freehold property to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
94,169
117,751

94,169
117,751


Details of security provided:
The loans are secured over the assets to which they relate.

Page 9

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,584,990
2,572,030






10.


Deferred taxation




2024
As restated
2023


£

£






At beginning of year
(492,067)
(505,014)


Charged to profit or loss
7,845
(30,811)


Charged to other comprehensive income
135,869
43,758



At end of year
(348,353)
(492,067)

The provision for deferred taxation is made up as follows:

As restated
2024
2023
£
£


Accelerated capital allowances
(140,078)
(147,923)

Deferred tax on revaluation
(208,275)
(344,144)

(348,353)
(492,067)

Page 10

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



12.


Prior year adjustment

A prior year adjustment has been recognised to account for a loan received which had been allocated to turnover in the 2019 year end accounts. The result of this is that the profit and loss reserves have decreased by £250,580 and a creditor was introduced of £250,580.
A prior year adjustment has been recognised to account for costs that were incurred in fellow group companies that should have been attributed to the Directors Loan Account in this company. The effect of this adjustment has increased amounts owed by group companies by £80,000 and increased the amounts owed by the Director by £80,000.
A prior year adjustment has been recognised to account for costs that were recognised as part of tangible fixed assets that should have been attributed to rent within the profit and loss account. The result of this is that the fixed assets and profit and loss reserves have decreased by £17,500.
A balance of £3,236 has been reclassified from interest payable to interest receivable in the 2023 financial statements. The result of this is £Nil change to the profit and loss account.


13.


Contingent liabilities

The Company is jointly and severally liable in respect of the group's bank loan facilities, which amounted to £13,673,544 at 31st March 2024 (2023 - £12,427,559). A debenture is secured over group assets.


14.


Related party transactions

During the year the Company operated loans with the Directors of the Company. The amount owed from the Director at the end of the year was £886,384 (2023 - £307,756). Interest of £12,041 (2023 - £3,236) has been charged on the overdrawn balance. The loan, which is unsecured and repayable on demand, is shown within debtors.
During the year the company continued its intercompany loans with its fellow subsidiaries and parent company. The balance owing to group companies is £5,169,704 (2023 - £5,022,826). The balance is interest free and repayable on demand.
During the year the Company operated a loan with a close family member of the Directors. The amount owed to the close family member at the year end was £8,580 (2023 - £250,580). The loan is interest free and shown within other creditors.

Page 11

 
ORGANFORD MANOR COUNTRY PARK LIMITED
 

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

15.


Controlling party

The controlling party of the Company is H & S Simmons Limited by virtue of a 100% shareholding in Organford Manor Country Park Limited.
The Ultimate Controlling Parties are Mr H Simmons and Mrs G Simmons by virtue of their joint shareholding in H & S Simmons Limited.


Page 12