Company Registration No. 01009890 (England and Wales)
RANCH CARAVAN PARKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
RANCH CARAVAN PARKS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
RANCH CARAVAN PARKS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs C J Ranford
Mrs S A Attridge
Mr S A Attridge
Secretary
Mrs S A Attridge
Company number
01009890
Registered office
The Ranch
Ranch Caravan Park
Station Road
Honeybourne
Worcestershire
England
WR11 7PR
Accountants
TC Group
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
RANCH CARAVAN PARKS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,344,321
1,304,796
Current assets
Stocks
374,117
477,712
Debtors
4
198,430
93,950
Cash at bank and in hand
1,402,547
1,393,670
1,975,094
1,965,332
Creditors: amounts falling due within one year
5
(528,615)
(574,203)
Net current assets
1,446,479
1,391,129
Total assets less current liabilities
2,790,800
2,695,925
Provisions for liabilities
(79,857)
(72,014)
Net assets
2,710,943
2,623,911
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
2,700,943
2,613,911
Total equity
2,710,943
2,623,911
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
RANCH CARAVAN PARKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 19 March 2025 and are signed on its behalf by:
Mrs S A Attridge
Director
Company registration number 01009890 (England and Wales)
RANCH CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information
Ranch Caravan Parks Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Ranch, Ranch Caravan Park, Station Road, Honeybourne, Worcestershire, England, WR11 7PR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property
10% straight line
Implements and equipment
10% straight line
Tractors, mowers and vehicles
10% straight line
Caravans and pods
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
RANCH CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
28
26
RANCH CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
3
Tangible fixed assets
Freehold property
Implements and equipment
Tractors, mowers and vehicles
Caravans and pods
Total
£
£
£
£
£
Cost
At 1 December 2023
3,052,490
477,637
255,334
3,785,461
Additions
46,135
16,455
44,360
93,275
200,225
At 30 November 2024
3,098,625
494,092
299,694
93,275
3,985,686
Depreciation and impairment
At 1 December 2023
1,948,233
326,409
206,023
2,480,665
Depreciation charged in the year
115,792
22,206
14,468
8,234
160,700
At 30 November 2024
2,064,025
348,615
220,491
8,234
2,641,365
Carrying amount
At 30 November 2024
1,034,600
145,477
79,203
85,041
1,344,321
At 30 November 2023
1,104,257
151,228
49,311
1,304,796
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
134,757
22,793
Other debtors
63,673
71,157
198,430
93,950
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
60,751
117,637
Taxation and social security
59,141
92,717
Other creditors
408,723
363,849
528,615
574,203