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REGISTERED NUMBER: 01039946 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

HIGHLANDS END FARM CARAVAN PARK LIMITED

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HIGHLANDS END FARM CARAVAN PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: M J Cox
V A Cox





SECRETARY: M J Cox





REGISTERED OFFICE: The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ





REGISTERED NUMBER: 01039946 (England and Wales)





AUDITORS: Gowers Limited, Statutory Auditor
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,394 7,834
Tangible assets 5 6,110,799 5,505,448
6,120,193 5,513,282

CURRENT ASSETS
Stocks 6 173,510 250,990
Debtors 7 883,893 879,788
Cash at bank 3,588,711 2,996,825
4,646,114 4,127,603
CREDITORS
Amounts falling due within one year 8 (1,438,206 ) (1,415,047 )
NET CURRENT ASSETS 3,207,908 2,712,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,328,101

8,225,838

PROVISIONS FOR LIABILITIES (383,000 ) (237,000 )
NET ASSETS 8,945,101 7,988,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,945,001 7,988,738
SHAREHOLDERS' FUNDS 8,945,101 7,988,838

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 28th March 2025 and were signed on its behalf by:




M J Cox - Director



V A Cox - Director


HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Highlands End Farm 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 represents net invoiced site fees and sales of goods, excluding Value Added Tax.

The company recognises revenue as follows:
Holiday home sales are recognised in the month in which the customer handover occurs.
Pitch fees, rates and insurance billed are recognised in the period to which they relate.
Holiday revenue is recognised in the month in which the the holiday ends.
Turnover relating to shops, bars, food outlets, fitness club, swimming pool and other incidentals are recognised on receipt.
Commission income is recognised in the period to which the sale relates.
Farming income comprises of the sale of livestock and is recognised at the point of sale.

Deferred income represents amounts received relating to future periods and is released to turnover in the period for which it has been received.

Accrued income represents services provided during the period which were not invoiced at the year end.

Goodwill
Goodwill has been written off over 30 years this being, in the opinion of the directors, its economic useful life.

Intangible assets
Intangible assets (including website costs) are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are written off as incurred.

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

Park improvements10% reducing balance or straight line over deemed useful life
Caravans and vehicles25% reducing balance or straight line over deemed useful life
Computer equipment33.33% straight line
Fixtures and equipment25% straight line
Freehold buildings2% straight line

No depreciation is provided on freehold land.

In the year, the company has updated the policy on the depreciation of Park Improvements, specifically the estimate of deemed useful life. The company now considers the estimate of useful life over a period of 14 years a better reflection of both the quality of the improvements made along with the way the parks are maintained. This is reflected in this years accounts.

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost is defined in relation to the different categories of stock as being that expenditure which has been incurred in the normal course of business in bringing the produce to its present location and condition. Such costs included the initial purchase price, including duties, transport and handling costs, less trade discounts, rebates and subsidies. Net realisable value is the estimated proceeds of sales of the stock items, less all costs to the incurred in marketing, selling and distributing said items.

Livestock that is bought is valued at the lower of cost and net realisable value. Livestock that is birthed is valued at net realisable value less any costs of sale.

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.

Leases
All leases held by the company are regarded as operating leases and the total payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 48 ) .

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1st October 2023 30,000 8,704 38,704
Additions - 2,701 2,701
At 30th September 2024 30,000 11,405 41,405
AMORTISATION
At 1st October 2023 30,000 870 30,870
Amortisation for year - 1,141 1,141
At 30th September 2024 30,000 2,011 32,011
NET BOOK VALUE
At 30th September 2024 - 9,394 9,394
At 30th September 2023 - 7,834 7,834

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold equipment,
property vehicles
and park and
improvements caravans Totals
£    £    £   
COST
At 1st October 2023 6,609,124 2,844,639 9,453,763
Additions 220,169 764,089 984,258
Disposals (6,746 ) (86,732 ) (93,478 )
At 30th September 2024 6,822,547 3,521,996 10,344,543
DEPRECIATION
At 1st October 2023 1,835,100 2,113,215 3,948,315
Charge for year 125,253 234,947 360,200
Eliminated on disposal (2,763 ) (72,008 ) (74,771 )
At 30th September 2024 1,957,590 2,276,154 4,233,744
NET BOOK VALUE
At 30th September 2024 4,864,957 1,245,842 6,110,799
At 30th September 2023 4,774,024 731,424 5,505,448

The cost of freehold buildings on which depreciation is charged amounted to £2,347,786 (2023: £2,347,78)

6. STOCKS
2024 2023
£    £   
Goods for resale 173,510 250,990

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,281 79,451
Other debtors 735,064 731,237
Prepayments and accrued income 98,548 69,100
883,893 879,788

Other debtors include £734,365 (2023: £731,226) owed by three companies where V A Cox and M J Cox are directors.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 265,754 329,985
Tax 102,454 226,087
Social security and other taxes - 26,677
VAT 152,503 113,868
Other creditors 28,540 5,911
Payments on Account - 1,616
Directors' current accounts 498,734 338,241
Accruals and deferred income 390,221 372,662
1,438,206 1,415,047

Other creditors include £378 (2023: £nil) owed to a company where V A Cox and M J Cox are directors.

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

The Report of the Auditors was unqualified.

Ian A Carter FCA (Senior Statutory Auditor)
for and on behalf of Gowers Limited, Statutory Auditor

HIGHLANDS END FARM CARAVAN PARK LIMITED (REGISTERED NUMBER: 01039946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


10. RELATED PARTY DISCLOSURES

Included within Other Debtors is a loan owed from West Dorset Leisure Holidays Limited amounting to £223,826 (2023: £221,095). West Dorset Leisure Holidays Limited is related by virtue of common ownership and control. A company in which Mr M Cox and Mrs V Cox are directors and shareholders. The loan is repayable on demand.

Included within Other Debtors is a loan owed from Eype House Holiday Park Limited amounting to £510,131 (2023: £510,131). Eype House Holiday Park Limited is related by virtue of related party ownership and control with close family members.The loan is repayable on demand.

Included within Other Debtors is a loan owed from Graston Copse Holiday Park Limited amounting to £409 (2023: £nil). Graston Copse Holiday Park Limited is related by virtue of related party ownership and control with close family members.The loan is repayable on demand.

Included within Other Creditors is a loan owing to Larkfield Caravan Park Limited amounting to £378 (2023: £nil). Larkfield Caravan Park Limited is related by virtue of related party ownership and control with close family members.The loan is repayable on demand.

The company charges management fees totalling £49,000 (2023: £61,000) to five related companies; Sandyholme Holiday Caravan Park Limited, Larkfield Caravan Park Limited, Graston Copse Holiday Park Limited, West Dorset Leisure Holidays Limited and Eype House Holiday Park Limited. The first four listed are related companies owned under common control (companies in which Mr M Cox and Mrs V Cox are directors and/or shareholders). Eype House Holiday Park Limited is related by virtue of related party ownership and control with close family members.

The directors consider that overall it is unnecessary to provide for interest on loans between related companies, as any such provision would be immaterial for the year under review.

Related party transactions throughout the year were concluded under normal market conditions.

11. ULTIMATE CONTROLLING PARTY

Highlands End Farm Caravan Park Limited is controlled by V A Cox, director of the company.

12. GUARANTEES

The company has given a composite guarantee in respect of borrowings by five related companies, Sandyholme Holiday Park Limited, Larkfield Caravan Park Limited, Graston Copse Holiday Park Limited, West Dorset Leisure Holidays Limited and Eype House Holiday Park Limited