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Registered number: 05083451










NEW PARK EVENTS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
NEW PARK EVENTS LIMITED
REGISTERED NUMBER: 05083451

BALANCE SHEET
AS AT 31 OCTOBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
349,779
375,029

  
349,779
375,029

Current assets
  

Stocks
  
19
-

Debtors: amounts falling due within one year
 6 
34,507
42,742

Cash at bank and in hand
  
33,110
361,186

  
67,636
403,928

Creditors: amounts falling due within one year
 7 
(301,305)
(666,213)

Net current liabilities
  
 
 
(233,669)
 
 
(262,285)

Total assets less current liabilities
  
116,110
112,744

Creditors: amounts falling due after more than one year
 8 
(76,667)
(122,667)

  

Net assets/(liabilities)
  
39,443
(9,923)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
39,343
(10,023)

  
39,443
(9,923)


Page 1

 
NEW PARK EVENTS LIMITED
REGISTERED NUMBER: 05083451
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






A J Lawford
Director

Date: 29 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

New Park Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Showground, New Park, Brockenhurst, Hampshire, SO42 7QH. The registered company number is 05083451.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, including discounts and excluding rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5% straight line.
Plant and machinery
-
10-20% straight line.
Motor vehicles
-
25% straight line.
Other fixed assets
-
20% straight line.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


3.


Taxation

The company is subject to corporation tax but liability to tax can be relieved by way of a Gift Aid distribution to the parent charity.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


5.


Tangible fixed assets





Long-term leasehold improvements
Plant and machinery
Motor vehicles
Campsite Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
533,691
140,637
16,000
15,348
705,676


Additions
10,751
1,485
2,300
1,557
16,093



At 31 October 2024

544,442
142,122
18,300
16,905
721,769



Depreciation


At 1 November 2023
268,834
46,194
14,250
1,369
330,647


Charge for the year on owned assets
23,734
13,459
990
3,160
41,343



At 31 October 2024

292,568
59,653
15,240
4,529
371,990



Net book value



At 31 October 2024
251,874
82,469
3,060
12,376
349,779



At 31 October 2023
264,857
94,443
1,750
13,979
375,029

Page 6

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,105
6,968

Amounts owed by group undertakings
28,619
35,774

Prepayments and accrued income
4,783
-

34,507
42,742



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
46,000
46,000

Trade creditors
15,982
6,623

Amounts owed to group undertakings
167,239
567,359

Other taxation and social security
30,593
27,792

Accruals and deferred income
41,491
18,439

301,305
666,213



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
76,667
122,667


Page 7

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Bank loans
46,000
46,000

Bank loans
76,667
122,667



122,667
168,667


At the year end a debenture deed was in place as security for the loan. A commercial decision was made after the year end to fully repay the Coronavirus Business Interruption Loan. This loan was repaid in February 2025.


10.


Prior year adjustment

It was identified that costs of £25,029 should have been recognised in the previous year. The resulting effect on profit before tax is a decrease to a loss of £10,656 in the prior year.


11.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
3,630
5,784

Later than 1 year and not later than 5 years
7,679
1,446

11,309
7,230


12.


Related party transactions

The company has taken advantage of the exemption in FRS102 section 1A 33.1A not to disclose transactions with wholly owned group entities.


13.


Controlling party

The immediate and ultimate parent company is The New Forest Agricultural Show Society, a charitable company incorporated in England and Wales. The registered office is The Showground, New Park, Brockenhurst, Hampshire, SO42 7QH.

Page 8

 
NEW PARK EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2024 was unqualified.

The audit report was signed on 27 May 2025 by Mark Dickinson (Senior Statutory Auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 9