Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01falseNo description of principal activity4851truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC220421 2024-03-01 2025-02-28 SC220421 2023-03-01 2024-02-29 SC220421 2025-02-28 SC220421 2024-02-29 SC220421 c:CompanySecretary1 2024-03-01 2025-02-28 SC220421 c:Director3 2024-03-01 2025-02-28 SC220421 c:Director4 2024-03-01 2025-02-28 SC220421 c:RegisteredOffice 2024-03-01 2025-02-28 SC220421 d:Buildings 2024-03-01 2025-02-28 SC220421 d:Buildings 2025-02-28 SC220421 d:Buildings 2024-02-29 SC220421 d:Buildings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC220421 d:LandBuildings 2025-02-28 SC220421 d:LandBuildings 2024-02-29 SC220421 d:PlantMachinery 2024-03-01 2025-02-28 SC220421 d:PlantMachinery 2025-02-28 SC220421 d:PlantMachinery 2024-02-29 SC220421 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC220421 d:MotorVehicles 2024-03-01 2025-02-28 SC220421 d:MotorVehicles 2025-02-28 SC220421 d:MotorVehicles 2024-02-29 SC220421 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC220421 d:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 SC220421 d:OtherPropertyPlantEquipment 2025-02-28 SC220421 d:OtherPropertyPlantEquipment 2024-02-29 SC220421 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC220421 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC220421 d:CurrentFinancialInstruments 2025-02-28 SC220421 d:CurrentFinancialInstruments 2024-02-29 SC220421 d:Non-currentFinancialInstruments 2025-02-28 SC220421 d:Non-currentFinancialInstruments 2024-02-29 SC220421 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 SC220421 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC220421 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 SC220421 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC220421 d:ShareCapital 2025-02-28 SC220421 d:ShareCapital 2024-02-29 SC220421 d:RevaluationReserve 2025-02-28 SC220421 d:RevaluationReserve 2024-02-29 SC220421 d:RetainedEarningsAccumulatedLosses 2025-02-28 SC220421 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC220421 c:OrdinaryShareClass1 2024-03-01 2025-02-28 SC220421 c:OrdinaryShareClass1 2025-02-28 SC220421 c:OrdinaryShareClass1 2024-02-29 SC220421 c:FRS102 2024-03-01 2025-02-28 SC220421 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC220421 c:FullAccounts 2024-03-01 2025-02-28 SC220421 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC220421 5 2024-03-01 2025-02-28 SC220421 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC220421










CLAYTON CARAVAN PARK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
CLAYTON CARAVAN PARK LIMITED
 

COMPANY INFORMATION


Directors
A C W Kennedy 
G Kennedy 




Company secretary
D E Kennedy



Registered number
SC220421



Registered office
Clayton Caravan Park

St Andrews

Fife

KY16 9YB




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CLAYTON CARAVAN PARK LIMITED
REGISTERED NUMBER:SC220421

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
£
£

Fixed assets
  

Tangible fixed assets
 4 
18,139,483
18,154,240

  
18,139,483
18,154,240

Current assets
  

Stocks
 5 
800,917
1,303,664

Debtors: amounts falling due within one year
 6 
125,836
512,360

Cash at bank and in hand
  
3,227,178
3,210,216

  
4,153,931
5,026,240

Creditors: amounts falling due within one year
 7 
(2,758,929)
(3,318,416)

Net current assets
  
 
 
1,395,002
 
 
1,707,824

Total assets less current liabilities
  
19,534,485
19,862,064

Creditors: amounts falling due after more than one year
 8 
(1,657,960)
(1,845,693)

Provisions for liabilities
  

Deferred tax
  
(2,128,876)
(2,027,956)

  
 
 
(2,128,876)
 
 
(2,027,956)

Net assets
  
15,747,649
15,988,415


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
5,883,438
5,883,438

Profit and loss account
  
9,864,111
10,104,877

  
15,747,649
15,988,415


Page 1

 
CLAYTON CARAVAN PARK LIMITED
REGISTERED NUMBER:SC220421

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 10 June 2025.




A C W Kennedy
Director

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

Page 2

 
CLAYTON CARAVAN PARK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1.


General information

Clayton Caravan Park Limited is a private company, limited by shares, domiciled in Scotland with registration number SC220421.  The registered office is Clayton Caravan Park, St Andrews, Fife, KY16 9YB.

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover 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.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
CLAYTON CARAVAN PARK LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings
-
0 - 10%
Plant and machinery
-
15%
Motor vehicles
-
25%
Other fixed assets
-
15%

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.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Stocks

Stock consists of new and used caravan stock which is valued at the lower of cost and net realisable value.

Page 4

 
CLAYTON CARAVAN PARK LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 48 (2024 - 51).

Page 5

 
CLAYTON CARAVAN PARK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


4.


Tangible fixed assets







Land and buildings
Plant and machinery
Motor vehicles
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 March 2024
17,813,386
591,669
141,095
230,112
18,776,262


Additions
76,323
64,080
-
-
140,403



At 28 February 2025

17,889,709
655,749
141,095
230,112
18,916,665



Depreciation


At 1 March 2024
220,172
275,298
62,832
63,720
622,022


Charge for the year on owned assets
54,405
56,227
19,566
24,962
155,160



At 28 February 2025

274,577
331,525
82,398
88,682
777,182



Net book value



At 28 February 2025
17,615,132
324,224
58,697
141,430
18,139,483



At 29 February 2024
17,593,214
316,371
78,263
166,392
18,154,240




The net book value of land and buildings may be further analysed as follows:


28 February
29 February
2025
2024
£
£

Freehold
17,615,132
17,593,214

17,615,132
17,593,214


Cost or valuation at 28 February 2025 is as follows:

Land and buildings
£


At cost
17,889,709
At valuation:

At January 2022
-



17,889,709

Page 6

 
CLAYTON CARAVAN PARK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


           4.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

28 February
29 February
2025
2024
£
£



Cost
17,889,709
17,813,386

Accumulated depreciation
(274,577)
(220,172)

Net book value
17,615,132
17,593,214


5.


Stocks

28 February
29 February
2025
2024
£
£

Stocks
800,917
1,303,664

800,917
1,303,664




Page 7

 
CLAYTON CARAVAN PARK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


6.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
83,195
232,698

Other debtors
8,044
236,678

Prepayments and accrued income
34,597
42,984

125,836
512,360



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
190,308
197,266

Other loans
300,000
300,000

Trade creditors
228,963
435,313

Other taxation and social security
237,297
238,004

Other creditors
512,071
729,457

Accruals and deferred income
1,290,290
1,418,376

2,758,929
3,318,416



8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
1,657,960
1,845,693

1,657,960
1,845,693


Secured loans
Bank loans are secured via standard security over the company property at Clayton Caravan Park, St Andrews, Fife, by a bond and floating charge over all the assets of the company.

Page 8

 
CLAYTON CARAVAN PARK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


9.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The company operates a defined contribution pension scheme in respect of employees.  The scheme and its assets are held by independent managers.  The pension charge represents contributions due from the company and amounted to £137,318 (2024 - £17,601).  Amounts outstanding as payable to the fund at the balance sheet date were £3,152 (2024 - £2,315).


Page 9