Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-292024-03-29trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-30false22truefalse 10211859 2023-03-30 2024-03-29 10211859 2022-03-30 2023-03-29 10211859 2024-03-29 10211859 2023-03-29 10211859 2022-03-30 10211859 c:Director1 2023-03-30 2024-03-29 10211859 d:Buildings 2023-03-30 2024-03-29 10211859 d:Buildings 2024-03-29 10211859 d:Buildings 2023-03-29 10211859 d:Buildings d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 10211859 d:OfficeEquipment 2023-03-30 2024-03-29 10211859 d:OfficeEquipment 2024-03-29 10211859 d:OfficeEquipment 2023-03-29 10211859 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 10211859 d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 10211859 d:CurrentFinancialInstruments 2024-03-29 10211859 d:CurrentFinancialInstruments 2023-03-29 10211859 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-29 10211859 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-29 10211859 d:ShareCapital 2024-03-29 10211859 d:ShareCapital 2023-03-29 10211859 d:RetainedEarningsAccumulatedLosses 2024-03-29 10211859 d:RetainedEarningsAccumulatedLosses 2023-03-29 10211859 c:OrdinaryShareClass1 2023-03-30 2024-03-29 10211859 c:OrdinaryShareClass1 2024-03-29 10211859 c:OrdinaryShareClass1 2023-03-29 10211859 c:FRS102 2023-03-30 2024-03-29 10211859 c:AuditExempt-NoAccountantsReport 2023-03-30 2024-03-29 10211859 c:FullAccounts 2023-03-30 2024-03-29 10211859 c:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 10211859 2 2023-03-30 2024-03-29 10211859 4 2023-03-30 2024-03-29 10211859 d:AcceleratedTaxDepreciationDeferredTax 2024-03-29 10211859 d:AcceleratedTaxDepreciationDeferredTax 2023-03-29 10211859 e:PoundSterling 2023-03-30 2024-03-29 10211859 d:PreviouslyStatedAmount 2023-03-29 10211859 d:OfficeEquipment d:PreviouslyStatedAmount 2023-03-29 10211859 d:Buildings d:PriorPeriodIncreaseDecrease 2023-03-29 10211859 d:OfficeEquipment d:PriorPeriodIncreaseDecrease 2023-03-29 10211859 d:PriorPeriodIncreaseDecrease 2023-03-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10211859









WHITE HORSE PARK LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 MARCH 2024

 
WHITE HORSE PARK LIMITED
REGISTERED NUMBER: 10211859

BALANCE SHEET
AS AT 29 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,052,288
1,053,028

Current assets
  

Stocks
 5 
151,308
365,801

Debtors: amounts falling due within one year
 6 
5,184,594
4,708,449

Cash at bank and in hand
  
-
423,197

  
5,335,902
5,497,447

Creditors: amounts falling due within one year
 7 
(4,980,918)
(5,058,395)

Net current assets
  
 
 
354,984
 
 
439,052

Total assets less current liabilities
  
1,407,272
1,492,080

Deferred tax
 8 
(556)
(455)

  
 
 
(556)
 
 
(455)

Net assets
  
1,406,716
1,491,625


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,406,616
1,491,525

  
1,406,716
1,491,625


Page 1

 
WHITE HORSE PARK LIMITED
REGISTERED NUMBER: 10211859

BALANCE SHEET (CONTINUED)
AS AT 29 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: 18 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

1.


GENERAL INFORMATION

White Horse Park Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. 
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 level of rounding is 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 and other income are recognised on an accruals basis in the period to which they relate.
Sale 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

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 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 lines

Freehold property
-
Not depreciated
Office equipment
-
25% 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

STOCK AND WORK IN PROGRESS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 



 
2.6

DEBTORS

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

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 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

INTEREST INCOME

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

 
2.12

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 current income 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.


 
2.13

EXCEPTIONAL ITEM

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 5

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

3.


EMPLOYEES

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


4.


TANGIBLE FIXED ASSETS





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 30 March 2023 (as previously stated)
1,050,066
2,029
1,052,095


Prior Year Adjustment
-
1,743
1,743


At 30 March 2023 (as restated)
1,050,066
3,772
1,053,838



At 29 March 2024

1,050,066
3,772
1,053,838



Depreciation


At 30 March 2023 (as previously stated)
-
211
211


Prior Year Adjustment
-
599
599


At 30 March 2023 (as restated)
-
810
810


Charge for the year on owned assets
-
740
740



At 29 March 2024

-
1,550
1,550



Net book value



At 29 March 2024
1,050,066
2,222
1,052,288



At 29 March 2023 (as restated)
1,050,066
2,962
1,053,028




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
1,050,066
1,050,066


Page 6

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

5.


STOCK AND WORK IN PROGRESS

2024
2023
£
£

Stock
151,308
365,801


Unit stock is included in a stocking facility in which the creditor is secured against the relevant stock units and included in hire purchase creditors.
As at 29 March 2024 the total stocking facility is secured against gross assets with a cost of £714,103 (2023 - £445,302), of which £151,308 (2023 - £365,801) is recognised in White Horse Park Limited.


6.


DEBTORS

As restated
2024
2023
£
£


Trade debtors
3,757
1,051

Amounts owed by group undertakings
3,533,483
3,289,536

Other debtors
1,618,066
1,403,470

Prepayments and accrued income
29,288
14,392

5,184,594
4,708,449


Page 7

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
94
-

Bank loans
645,750
615,000

Trade creditors
15,750
16,355

Amounts owed to group undertakings
2,663,267
3,124,946

Corporation tax
550,167
646,172

Obligations under finance lease and hire purchase contracts
714,103
445,302

Other creditors
183,995
203,322

Accruals
207,792
7,298

4,980,918
5,058,395


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
714,103
445,302

Bank loans
645,750
615,000

Details of security provided:

Stock units purchased under a stock facility have been recognised in the balance sheet of fellow subsidiaries to which they relate. Hire purchase contracts are secured against the relevant stock units and included in hire purchase creditors.
Bank loans are secured against the freehold to which they relate and a Director guarantee. 

Page 8

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

8.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
(455)
(205,488)


Charged to profit or loss
(101)
80


Charged to other comprehensive income
-
204,953



At end of year
(556)
(455)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(556)
(455)


9.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



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



10.


CONTINGENT LIABILITIES

The company is jointly and severally liable in respect of the group's bank loan facilities, which amounted to £13,673,544 as at 29 March 2024 (2023 - £12,427,559). A debenture is secured over group assets.


11.


RELATED PARTY TRANSACTIONS

The amount due from the Director at the end of the year was £1,195,800 (2023 - £994,314). Interest of £24,633 (2023 - £13,848) has been charged on this overdrawn balance. The loan, which is unsecured and repayable on demand, is shown within other debtors.
During the year the company continued its intercompany loan with its fellow subsidiaries. The balance as at 31 March 2024 is £870,216 (2023 - £164,590). This balance is shown within debtors and creditors and is interest free and repayable on demand.
During the year fellow subsidiaries recharged expenses paid on behalf of White Horse Park Limited totalling £3,600 (2023 - £2,900). 
During the year, stock units were sold to fellow subsidiaries at cost, this totalled £834,795 (2023 - £377,232).

Page 9

 
WHITE HORSE PARK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

12.


PRIOR YEAR ADJUSTMENT

An adjustment to the year ended 29 March 2022 has been recognised to move costs previously recognised in the Directors Loan Account to fixed assets and administrative expenses. The effect of this adjustment has reduced the amounts owed from the Director by £3,043, increased tangible fixed assets by £1,743, and increased administrative expenses by £1,300. Additional depreciation has been recognised on tangible fixed assets, this has increased administrative expenses and reduced tangible fixed asets by a further £218. The profit and loss account has been reduced in total by £1,518.
An adjustment to the year ended 29 March 2023 has been recognised to move costs previously recognised in the Directors Loan Account to administrative expenses. The effect of this adjustment has reduced the amounts owed from the Director by £2,561 and increased administrative expenses by £2,561. Additional depreciation of £381 has been recognised on tangible fixed assets per the above adjustment. The profit and loss account has been reduced in total by £2,942.


13.


CONTROLLING PARTY

The controlling party of the Company is H & S Simmons Limited by virtue of a 100% shareholding in White Horse Park Limited.
The Ultimate Controlling Party is Mr H Simmons and Mrs G Simmons by virtue of their joint shareholding in H & S Simmons Limited.


Page 10