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REGISTERED NUMBER: 05592296 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Diglea Caravan Park Ltd

Diglea Caravan Park Ltd (Registered number: 05592296)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Diglea Caravan Park Ltd (Registered number: 05592296)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 462,107 301,378
462,107 301,378

Current assets
Stocks 70,888 78,549
Debtors 6 59,586 37,066
Cash at bank and in hand 199,179 372,122
329,653 487,737
Creditors
Amounts falling due within one year 7 (348,455 ) (302,737 )
Net current (liabilities)/assets (18,802 ) 185,000
Total assets less current liabilities 443,305 486,378

Provisions for liabilities (29,500 ) (26,100 )
Net assets 413,805 460,278

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 412,805 459,278
413,805 460,278

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

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

Diglea Caravan Park Ltd (Registered number: 05592296)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





Mr S J Chapman - Director


Diglea Caravan Park Ltd (Registered number: 05592296)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 50% p.a. straight line basis
Plant and machinery - 15% p.a. reducing balance
Fixtures and fittings - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Diglea Caravan Park Ltd (Registered number: 05592296)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Diglea Caravan Park Ltd (Registered number: 05592296)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 14 (2023 - 15 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023
and 31 October 2024 267,000
Amortisation
At 1 November 2023
and 31 October 2024 267,000
Net book value
At 31 October 2024 -
At 31 October 2023 -

Diglea Caravan Park Ltd (Registered number: 05592296)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 November 2023 285,073 189,667 56,198 13,631 544,569
Additions 150,570 1,812 33,290 3,500 189,172
At 31 October 2024 435,643 191,479 89,488 17,131 733,741
Depreciation
At 1 November 2023 80,520 128,903 23,370 10,398 243,191
Charge for year 8,712 9,194 9,072 1,465 28,443
At 31 October 2024 89,232 138,097 32,442 11,863 271,634
Net book value
At 31 October 2024 346,411 53,382 57,046 5,268 462,107
At 31 October 2023 204,553 60,764 32,828 3,233 301,378

6. Debtors: amounts falling due within one year
31.10.24 31.10.23
£ £
Trade debtors 48,852 21,135
Other debtors 10,734 15,931
59,586 37,066

7. Creditors: amounts falling due within one year
31.10.24 31.10.23
£ £
Trade creditors 59,601 46,804
Taxation and social security 36,078 38,316
Other creditors 252,776 217,617
348,455 302,737

8. Related party disclosures

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the group that are wholly owned.

No transactions were undertaken with the directors or related parties such as are required to be disclosed under the Financial Reporting Standard 102, Section 1A.