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REGISTERED NUMBER: 10900686 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Penrose Caravan Park Limited

Penrose Caravan Park Limited (Registered number: 10900686)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penrose Caravan Park Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M. A. Pring
Mrs E J Burford





REGISTERED OFFICE: Coniston House
Moorland Road
Indian Queens
St Columb
Cornwall
TR9 6HN





REGISTERED NUMBER: 10900686 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Penrose Caravan Park Limited (Registered number: 10900686)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 188,753 203,753
Tangible assets 5 3,360,024 2,761,400
3,548,777 2,965,153

CURRENT ASSETS
Stocks 729,862 370,670
Debtors 6 1,069,848 1,475,827
1,799,710 1,846,497
CREDITORS
Amounts falling due within one year 7 1,457,645 1,183,721
NET CURRENT ASSETS 342,065 662,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,890,842

3,627,929

CREDITORS
Amounts falling due after more than one
year

8

(2,304,185

)

(2,156,816

)

PROVISIONS FOR LIABILITIES (54,963 ) (51,497 )
NET ASSETS 1,531,694 1,419,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,531,594 1,419,516
SHAREHOLDERS' FUNDS 1,531,694 1,419,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Penrose Caravan Park Limited (Registered number: 10900686)

Balance Sheet - continued
31 March 2025


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:





M. A. Pring - Director


Penrose Caravan Park Limited (Registered number: 10900686)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Penrose Caravan 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 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 2017, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 10% on 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.

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.

Penrose Caravan Park Limited (Registered number: 10900686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 300,005
AMORTISATION
At 1 April 2024 96,252
Charge for year 15,000
At 31 March 2025 111,252
NET BOOK VALUE
At 31 March 2025 188,753
At 31 March 2024 203,753

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 1,646,625 1,217,914 2,864,539
Additions - 668,619 668,619
Disposals - (57,605 ) (57,605 )
At 31 March 2025 1,646,625 1,828,928 3,475,553
DEPRECIATION
At 1 April 2024 - 103,139 103,139
Charge for year - 33,128 33,128
Eliminated on disposal - (20,738 ) (20,738 )
At 31 March 2025 - 115,529 115,529
NET BOOK VALUE
At 31 March 2025 1,646,625 1,713,399 3,360,024
At 31 March 2024 1,646,625 1,114,775 2,761,400

Penrose Caravan Park Limited (Registered number: 10900686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 164,105
Additions 55,493
Disposals (57,605 )
At 31 March 2025 161,993
DEPRECIATION
At 1 April 2024 47,576
Charge for year 21,345
Eliminated on disposal (20,738 )
At 31 March 2025 48,183
NET BOOK VALUE
At 31 March 2025 113,810
At 31 March 2024 116,529

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 551,895 823,290
Other debtors 58,253 32,537
610,148 855,827

Amounts falling due after more than one year:
Trade debtors 459,700 620,000

Aggregate amounts 1,069,848 1,475,827

£459,700 Gnome World Caravan Park Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 439,204 552,140
Hire purchase contracts 24,358 24,506
Trade creditors 771,571 338,498
Taxation and social security 102,150 140,156
Other creditors 120,362 128,421
1,457,645 1,183,721

Penrose Caravan Park Limited (Registered number: 10900686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 165,833 175,833
Hire purchase contracts 46,872 58,599
Other creditors 2,091,480 1,922,384
2,304,185 2,156,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs 160,000 160,000
Loans from other companies
(companies under
common control) 1,755,480 1,586,384
1,915,480 1,746,384