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REGISTERED NUMBER: 04307197 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ELITE CARAVANS LIMITED

ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELITE CARAVANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: C K Whiteley
Mrs V J Whiteley
P J Whiteley
Mrs C M Whiteley





REGISTERED OFFICE: Westley Cottage
Westely Waterless
Newmarket
Suffolk
CB8 0RQ





REGISTERED NUMBER: 04307197 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)

BALANCE SHEET
31ST DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,760 91,976
Investments 5 200 200
117,960 92,176

CURRENT ASSETS
Stocks 183,999 209,501
Debtors 6 479 1,038
Cash at bank 1,192,547 1,099,369
1,377,025 1,309,908
CREDITORS
Amounts falling due within one year 7 270,222 219,009
NET CURRENT ASSETS 1,106,803 1,090,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,224,763

1,183,075

CAPITAL AND RESERVES
Called up share capital 200 200
Reorganisation reserve 1,069,376 1,069,376
Retained earnings 155,187 113,499
1,224,763 1,183,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)

BALANCE SHEET - continued
31ST DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th April 2025 and were signed on its behalf by:




C K Whiteley - Director



Mrs V J Whiteley - Director


ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Elite Caravans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2024 105,089 22,812 76,870 204,771
Additions - - 60,000 60,000
Disposals - - (50,000 ) (50,000 )
At 31st December 2024 105,089 22,812 86,870 214,771
DEPRECIATION
At 1st January 2024 32,330 22,812 57,653 112,795
Charge for year - - 21,716 21,716
Eliminated on disposal - - (37,500 ) (37,500 )
At 31st December 2024 32,330 22,812 41,869 97,011
NET BOOK VALUE
At 31st December 2024 72,759 - 45,001 117,760
At 31st December 2023 72,759 - 19,217 91,976

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 200
NET BOOK VALUE
At 31st December 2024 200
At 31st December 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors (402 ) 157
Other debtors 881 881
479 1,038

ELITE CARAVANS LIMITED (REGISTERED NUMBER: 04307197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 11,755 28,093
Taxation and social security 17,140 46,921
Other creditors 241,327 143,995
270,222 219,009

8. RELATED PARTY DISCLOSURES

The company was charged management charges by Whiteley & Creasy (Cambridge) Ltd £32,000 (2023 £32,000).

At the year end the company owed £13,962 (2023 £13,962) to Whiteley and Creasy (Cambridge) Limited, £11,485 (2023 £11,485) to Associated British Caravans Ltd and £12,295 (2023 £12,295) to Associated British Caravans (Hire) Ltd.