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REGISTERED NUMBER: 03319866 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

LARKFIELD CARAVAN PARK LIMITED

LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LARKFIELD CARAVAN PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: M J Cox
V A Cox





SECRETARY: M J Cox





REGISTERED OFFICE: The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ





REGISTERED NUMBER: 03319866 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,436,027 1,509,740
Investment property 5 599,553 599,553
2,035,580 2,109,293

CURRENT ASSETS
Stocks 132,799 132,799
Debtors 6 1,294,284 1,050,437
Cash at bank and in hand 4,191,506 4,032,564
5,618,589 5,215,800
CREDITORS
Amounts falling due within one year 7 (1,861,941 ) (1,728,705 )
NET CURRENT ASSETS 3,756,648 3,487,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,792,228

5,596,388

PROVISIONS FOR LIABILITIES (16,300 ) (20,900 )
NET ASSETS 5,775,928 5,575,488

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 5,775,728 5,575,288
SHAREHOLDERS' FUNDS 5,775,928 5,575,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

BALANCE SHEET - continued
31ST OCTOBER 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 28th March 2025 and were signed on its behalf by:




M J Cox - Director



V A Cox - Director


LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

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


1. STATUTORY INFORMATION

Larkfield Caravan Park 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.

Preparation of consolidated financial statements
These accounts present information about the company as an individual. The company together with the Group undertakings qualifies as a ‘small group’ as defined by Section 398 of the Companies Act 2006 and accordingly is not required to present consolidated group accounts.

Turnover
Turnover represents net invoiced site fees and sales of goods, excluding Value Added Tax.
The company recognises revenue as follows:
Holiday home sales are recognised in the month in which the customer handover occurs.
Pitch fees, rates and insurance billed are recognised in the period to which they relate.
Holiday revenue is recognised in the month in which the the holiday ends.
Turnover relating to shops, bars, food outlets, fitness club, swimming pool and other incidentals are recognised on receipt.
Commission income is recognised in the period to which the sale relates.
Deferred income represents amounts received relating to future periods and is released to turnover in the period for which it has been received.
Accrued income represents services provided during the period which were not invoiced at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

Park improvements - 10% reducing balance
Caravan and vehicles - 25% reducing balance or straight line over deemed useful life
Fixtures and equipment - 25% straight line
Computer - 33.33% straight line
Freehold buildings - 2% straight line

No depreciation is provided on freehold land.

Investment property
These is property held for rental income. The investment property is included in the Balance Sheet at cost as the directors feel that the fair value cannot be measured reliably without undue cost or effort.

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

Livestock is valued at the lower of actual/deemed (cost of rearing) cost and net realisable value.


LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

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


2. ACCOUNTING POLICIES - continued
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.

Leased assets
Rental costs under operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Government grants
Government grants are recognised using the accrual model whereby revenue grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.

Local Authority Support Grants
These local authority grants do not have any performance conditions attached, as they are designed to provide immediate financial support. They are therefore recognised immediately upon the entity being satisfied that they have the entitlement.

Bounce Back Loan (BBL) Interest
Interest on the BBL, covered by the Government for the first twelve months of the loan, is recognised as a cost as accrued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

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


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings,
Freehold vehicles
property and
and park computer
improvements equipment Totals
£    £    £   
COST
At 1st November 2023 1,997,043 270,676 2,267,719
Additions - 9,978 9,978
Disposals (5,167 ) - (5,167 )
At 31st October 2024 1,991,876 280,654 2,272,530
DEPRECIATION
At 1st November 2023 599,132 158,847 757,979
Charge for year 38,899 41,693 80,592
Eliminated on disposal (2,068 ) - (2,068 )
At 31st October 2024 635,963 200,540 836,503
NET BOOK VALUE
At 31st October 2024 1,355,913 80,114 1,436,027
At 31st October 2023 1,397,911 111,829 1,509,740

The cost of freehold buildings on which depreciation is charged amounted to £96,455 (2023: £96,455).

5. INVESTMENT PROPERTY
Total
£   
COST
At 1st November 2023
and 31st October 2024 599,553
NET BOOK VALUE
At 31st October 2024 599,553
At 31st October 2023 599,553

Cost represents acquisition cost at purchase in June 2016 as the directors feel that the fair value cannot be measured reliably without undue cost or effort.

LARKFIELD CARAVAN PARK LIMITED (REGISTERED NUMBER: 03319866)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,992 29,615
Amounts owed by participating interests 1,250,656 1,000,278
Other debtors 18,636 20,544
1,294,284 1,050,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,567 73,304
Amounts owed to participating interests 1,750,000 1,550,000
Taxation and social security 75,956 80,678
Other creditors 24,418 24,723
1,861,941 1,728,705

8. ULTIMATE CONTROLLING PARTY

The company regards Graston Copse Holiday Park Limited, incorporated in England and Wales, as its ultimate holding company. Graston Copse Holiday Park Limited is controlled by the directors of the company.

9. GUARANTEES AND CHARGES

The company has given a composite guarantee in respect of borrowings by related companies Highlands End Farm Caravan Park Limited and West Dorset Leisure Holidays Limited, the parent company: Graston Copse Holiday Park Limited and group company Sandyholme Holiday Park Limited. These companies have given a cross guarantee in respect of the company’s borrowings.

The bank holds first legal mortgages over the freehold property of Larkfield Caravan Park Limited, the freehold property of a related company, West Dorset Leisure Holidays Limited and the freehold property of the parent Graston Copse Holiday Park Limited and group company Sandyholme Holiday Park Limited.

Amounts owed to the company pension fund comprise one loan, repayable on 28th February 2017 or earlier at the option of the Company at one month’s notice of repayment. The loan bears interest at 4% over the base rate of the London Clearing Banks until 28th February 2000 and thereafter at 3% over the base rate.