Company registration number 01244872 (England and Wales)
THE RIVER DART COUNTRY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE RIVER DART COUNTRY PARK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE RIVER DART COUNTRY PARK LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
979,012
1,056,809
Current assets
Stocks
97,442
79,520
Debtors
4
200,211
190,450
Cash at bank and in hand
259,233
347,236
556,886
617,206
Creditors: amounts falling due within one year
5
(877,019)
(850,051)
Net current liabilities
(320,133)
(232,845)
Total assets less current liabilities
658,879
823,964
Creditors: amounts falling due after more than one year
6
(36,847)
(87,902)
Provisions for liabilities
(142,775)
(156,786)
Net assets
479,257
579,276
Capital and reserves
Called up share capital
7
950
950
Capital redemption reserve
50
50
Profit and loss reserves
478,257
578,276
Total equity
479,257
579,276
THE RIVER DART COUNTRY PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 16 June 2025 and are signed on its behalf by:
Mr S M W Simpson
Mrs S A Simpson
Director
Director
Company registration number 01244872 (England and Wales)
THE RIVER DART COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
The River Dart Country Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Holne Park Farm, Ashburton, Devon, TQ13 7NR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
Straight line over 20 years
Plant and machinery
10%/20%/33% on cost per annum
Motor vehicles
25% on cost per annum
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THE RIVER DART COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of charge.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
68
76
THE RIVER DART COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
1,473,323
3,231,084
4,704,407
Additions
65,450
137,372
202,822
Disposals
(135,000)
(135,000)
At 30 September 2024
1,538,773
3,233,456
4,772,229
Depreciation and impairment
At 1 October 2023
1,072,374
2,575,224
3,647,598
Depreciation charged in the year
85,900
192,311
278,211
Eliminated in respect of disposals
(132,592)
(132,592)
At 30 September 2024
1,158,274
2,634,943
3,793,217
Carrying amount
At 30 September 2024
380,499
598,513
979,012
At 30 September 2023
400,949
655,860
1,056,809
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
52,146
53,296
Other debtors
148,065
137,154
200,211
190,450
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
49,000
49,000
Trade creditors
226,761
203,707
Taxation and social security
103,194
102,891
Other creditors
498,064
494,453
877,019
850,051
The bank loan is secured by a partial guarantee by the government.
THE RIVER DART COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
36,847
87,902
The bank loan is secured by a partial guarantee by the government.
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
950 ordinary shares of £1 each
950
950
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
84,000
84,000
Between two and five years
42,000
126,000
126,000
210,000