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REGISTERED NUMBER: 03319775 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

GRASTON COPSE HOLIDAY PARK LIMITED

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


GRASTON COPSE HOLIDAY 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: 03319775 (England and Wales)





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

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,607 2,933
Tangible assets 5 922,732 902,295
Investments 6 200 200
925,539 905,428

CURRENT ASSETS
Stocks 21,046 50,434
Debtors 7 1,772,729 1,576,786
Cash at bank 1,819,281 1,784,095
3,613,056 3,411,315
CREDITORS
Amounts falling due within one year 8 (691,772 ) (733,778 )
NET CURRENT ASSETS 2,921,284 2,677,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,846,823

3,582,965

PROVISIONS FOR LIABILITIES (3,000 ) (12,250 )
NET ASSETS 3,843,823 3,570,715

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 3,843,623 3,570,515
SHAREHOLDERS' FUNDS 3,843,823 3,570,715

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.

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


1. STATUTORY INFORMATION

Graston Copse Holiday 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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.

Group financial statements
The company and its subsidiaries comprise a small group. The company has taken advantage of Section 398 of the Companies Act 2006 not to prepare group financial statements. Accordingly the accounts present information about the company as an individual undertaking and not about its group.

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.

Coronavirus Job Retention Scheme (CJRS)
Income in respect of the CJRS is recognised in the period to which the underlying furloughed staff costs relate, the payroll liability has been incurred by the entity, and therefore the conditions to claim have been met.

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 4 (2023 - 4 ) .

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2023
and 31st October 2024 3,259
AMORTISATION
At 1st November 2023 326
Charge for year 326
At 31st October 2024 652
NET BOOK VALUE
At 31st October 2024 2,607
At 31st October 2023 2,933

5. TANGIBLE FIXED ASSETS
Freehold Fixtures,
property equipment
and park and
improvements caravans Totals
£    £    £   
COST
At 1st November 2023 1,028,370 143,513 1,171,883
Additions 37,730 3,873 41,603
Disposals - (1,814 ) (1,814 )
At 31st October 2024 1,066,100 145,572 1,211,672
DEPRECIATION
At 1st November 2023 152,385 117,203 269,588
Charge for year 10,570 10,142 20,712
Eliminated on disposal - (1,360 ) (1,360 )
At 31st October 2024 162,955 125,985 288,940
NET BOOK VALUE
At 31st October 2024 903,145 19,587 922,732
At 31st October 2023 875,985 26,310 902,295

Included in the cost of land and buildings is freehold land of £784,654 (2023: £784,654) which is not depreciated.

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 200
NET BOOK VALUE
At 31st October 2024 200
At 31st October 2023 200

The company owns 100 ordinary shares of £1 each, being 100% of the issued ordinary share capital of Larkfield Caravan Park Limited, a company incorporated in England and Wales. The aggregate Capital and Reserves of the subsidiary company at 31st October 2024 were £5,775,928 (2023: £5,575,488).
The company owns 100 ordinary shares of £1 each, being 100% of the issued ordinary share capital of Sandyholme Holiday Park Limited, a company incorporated in England and Wales. The aggregate Capital and Reserves of the subsidiary at 31st October 2024 were £1,731,887 (2023: £1,663,562).

The principal activity of both the subsidiary companies in the year under review was the management and operation of a caravan and camping park including the purchase and sale of caravans and associated activities.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,811 10,496
Amounts owed by group undertakings 1,750,000 1,550,000
Other debtors 14,918 16,290
1,772,729 1,576,786

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,442 4,046
Amounts owed to participating interests 725 666
Taxation and social security 58,207 95,626
Other creditors 570,398 633,440
691,772 733,778

9. ULTIMATE CONTROLLING PARTY

Graston Copse Holiday Park Limited is controlled by V A Cox, director and shareholder of the company.

GRASTON COPSE HOLIDAY PARK LIMITED (REGISTERED NUMBER: 03319775)

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


10. GUARANTEES AND CHARGES

The company has given a composite guarantee in respect of borrowings by two related companies, Highlands End Farm Caravan Park Limited and West Dorset Leisure Holidays Limited, and in respect of Larkfield Caravan Park Limited and Sandyholme Holiday Park Limited, the wholly owned subsidiaries of the company. These companies have also given cross guarantees in respect of the company’s borrowings.

The bank holds first legal mortgages over the freehold property of the company, the freehold property of West Dorset Leisure Holidays Limited, a related company, and the freehold property of Larkfield Caravan Park Limited and Sandyholme Holiday Park Limited, wholly owned subsidiaries of the company.