IRIS Accounts Production v25.1.3.33 09649710 Board of Directors 1.9.23 31.8.24 31.8.24 28.5.25 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096497102023-08-31096497102024-08-31096497102023-09-012024-08-31096497102022-08-31096497102022-09-012023-08-31096497102023-08-3109649710ns15:EnglandWales2023-09-012024-08-3109649710ns14:PoundSterling2023-09-012024-08-3109649710ns10:Director12023-09-012024-08-3109649710ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109649710ns10:SmallEntities2023-09-012024-08-3109649710ns10:Audited2023-09-012024-08-3109649710ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109649710ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109649710ns10:FullAccounts2023-09-012024-08-310964971012023-09-012024-08-3109649710ns10:OrdinaryShareClass12023-09-012024-08-3109649710ns10:Director22023-09-012024-08-3109649710ns10:Director42023-09-012024-08-3109649710ns10:RegisteredOffice2023-09-012024-08-3109649710ns5:CurrentFinancialInstruments2024-08-3109649710ns5:CurrentFinancialInstruments2023-08-3109649710ns5:Non-currentFinancialInstruments2024-08-3109649710ns5:Non-currentFinancialInstruments2023-08-3109649710ns5:ShareCapital2024-08-3109649710ns5:ShareCapital2023-08-3109649710ns5:RetainedEarningsAccumulatedLosses2024-08-3109649710ns5:RetainedEarningsAccumulatedLosses2023-08-3109649710ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3109649710ns5:ComputerSoftware2023-09-012024-08-3109649710ns5:IntangibleAssetsOtherThanGoodwill2023-08-3109649710ns5:IntangibleAssetsOtherThanGoodwill2024-08-3109649710ns5:IntangibleAssetsOtherThanGoodwill2023-08-3109649710ns5:PlantMachinery2023-08-3109649710ns5:PlantMachinery2023-09-012024-08-3109649710ns5:PlantMachinery2024-08-3109649710ns5:PlantMachinery2023-08-3109649710ns5:CostValuation2023-08-3109649710ns5:AdditionsToInvestments2024-08-3109649710ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2024-08-3109649710ns5:CostValuation2024-08-3109649710ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109649710ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109649710ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-08-3109649710ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-3109649710ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3109649710ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3109649710ns10:OrdinaryShareClass12024-08-3109649710ns5:RetainedEarningsAccumulatedLosses2023-08-3109649710ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 09649710 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2024

for

SRG Parks Limited

SRG Parks Limited (Registered number: 09649710)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SRG Parks Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Geranio
Mr J Dunn
Mr P Howard





REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ





REGISTERED NUMBER: 09649710 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

SRG Parks Limited (Registered number: 09649710)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 40,715 53,690
Tangible assets 5 1,148 1,287
Investments 6 1,160,794 805,353
1,202,657 860,330

CURRENT ASSETS
Debtors 7 15,097,843 12,123,088
Cash at bank 6,543 3,635,398
15,104,386 15,758,486
CREDITORS
Amounts falling due within one year 8 2,727,654 2,539,552
NET CURRENT ASSETS 12,376,732 13,218,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,579,389

14,079,264

CREDITORS
Amounts falling due after more than one
year

9

14,140,539

14,390,818
NET LIABILITIES (561,150 ) (311,554 )

CAPITAL AND RESERVES
Called up share capital 10 750,100 750,100
Retained earnings 11 (1,311,250 ) (1,061,654 )
SHAREHOLDERS' FUNDS (561,150 ) (311,554 )

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 28 May 2025 and were signed on its behalf by:





Mr P Howard - Director


SRG Parks Limited (Registered number: 09649710)

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

1. STATUTORY INFORMATION

SRG Parks 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

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

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.

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.

SRG Parks Limited (Registered number: 09649710)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 66,693
Additions 11,182
At 31 August 2024 77,875
AMORTISATION
At 1 September 2023 13,003
Charge for year 24,157
At 31 August 2024 37,160
NET BOOK VALUE
At 31 August 2024 40,715
At 31 August 2023 53,690

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 1,569
Additions 231
At 31 August 2024 1,800
DEPRECIATION
At 1 September 2023 282
Charge for year 370
At 31 August 2024 652
NET BOOK VALUE
At 31 August 2024 1,148
At 31 August 2023 1,287

SRG Parks Limited (Registered number: 09649710)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 805,353
Additions 356,691
Reclassification/transfer (1,250 )
At 31 August 2024 1,160,794
NET BOOK VALUE
At 31 August 2024 1,160,794
At 31 August 2023 805,353

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 142,514 83,943
Amounts owed by group undertakings 14,349,889 11,770,324
Other debtors 194,590 268,821
14,686,993 12,123,088

Amounts falling due after more than one year:
Trade debtors 410,850 -

Aggregate amounts 15,097,843 12,123,088

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 241,215 218,616
Trade creditors 187,943 914,274
Amounts owed to group undertakings 295,399 244,321
Taxation and social security 27,805 48,784
Other creditors 1,975,292 1,113,557
2,727,654 2,539,552

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,740,539 4,990,818
Other creditors 9,400,000 9,400,000
14,140,539 14,390,818

SRG Parks Limited (Registered number: 09649710)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 9,400,000 9,400,000

Repayable by instalments
Bank loans more 5 yr by instal - 3,948,967

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750,100 Ordinary £1 750,100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2023 (1,061,654 )
Deficit for the year (249,596 )
At 31 August 2024 (1,311,250 )

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Payne FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

SRG Parks Limited (Registered number: 09649710)

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

13. RELATED PARTY DISCLOSURES

The following balances were outstanding at the year end with group members not wholly owned:

2024 2023
£    £   
SRG Park Holdings Ltd 395,342 74,461
Silvro Ltd (295,399 ) -
Charteroak Management Ltd (356,471 ) 81,060
Cissonius Developments Ltd 15,000 (69,321 )
Aspire Parks Limited - (175,000 )


During the year, the following group companies provided consultancy services to the company

2024 2023
£    £   
Silvro Limited 37,500 18,750
Charteroak Management Limited 1,436,572 607,715



The company recharged costs to Charteroak Management Limited totalling £1,058,452 (2023 £688,775).

14. ULTIMATE CONTROLLING PARTY

The controlling party is SRG Park Holdings Limited.

The ultimate controlling party is S Geranio.

These financial statements have been consolidated within SRG Park Holdings Limited group accounts.

Registered Office of SRG Park Holdings Limited is

1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ

15. GOING CONCERN

These accounts have been prepared on the going concern basis on the understanding that there is financial support from the group and ultimate shareholders.