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KINGSFORD CARAVAN PARK LIMITED

Registered Number
03614990
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

KINGSFORD CARAVAN PARK LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

LOVERIDGE, Ivy Marina

Company Secretary

LOVERIDGE, Ivy Marina

Registered Address

The Bungalow Riverside Caravan Park
Dowles Road
Bewdley
DY12 2RE

Registered Number

03614990 (England and Wales)
KINGSFORD CARAVAN PARK LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets41,405,2571,400,813
1,405,2571,400,813
Current assets
Debtors57,584,9826,749,471
Cash at bank and on hand479,107263,994
8,064,0897,013,465
Creditors amounts falling due within one year6(2,298,358)(1,282,638)
Net current assets (liabilities)5,765,7315,730,827
Total assets less current liabilities7,170,9887,131,640
Creditors amounts falling due after one year7(1,364,232)(1,476,973)
Provisions for liabilities8(1,645)(405)
Net assets5,805,1115,654,262
Capital and reserves
Called up share capital7777
Revaluation reserve725,000725,000
Other reserves2323
Profit and loss account5,080,0114,929,162
Shareholders' funds5,805,1115,654,262
The financial statements were approved and authorised for issue by the Director on 28 April 2025, and are signed on its behalf by:
LOVERIDGE, Ivy Marina
Director
Registered Company No. 03614990
KINGSFORD CARAVAN PARK LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year23
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 August 231,398,67927,95029,6971,456,326
Additions-6,126-6,126
At 31 July 241,398,67934,07629,6971,462,452
Depreciation and impairment
At 01 August 23-26,56128,95255,513
Charge for year-1,4961861,682
At 31 July 24-28,05729,13857,195
Net book value
At 31 July 241,398,6796,0195591,405,257
At 31 July 231,398,6791,3897451,400,813
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables28,5005,500
Amounts owed by associates and joint ventures / participating interests7,545,8513,546,730
Other debtors5,5643,193,967
Prepayments and accrued income5,0673,274
Total7,584,9826,749,471
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-48,548
Bank borrowings and overdrafts187,54478,579
Amounts owed to related parties1,807,274752,432
Taxation and social security113,336129,338
Other creditors-116,047
Accrued liabilities and deferred income190,204157,694
Total2,298,3581,282,638
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,364,2321,476,973
Total1,364,2321,476,973
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,645405
Total1,645405