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COMPANY REGISTRATION NUMBER: 08315738
CARABUILD PARK & LEISURE HOMES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
CARABUILD PARK & LEISURE HOMES LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
Fixed Assets
Tangible assets
5
176,689
208,653
Current Assets
Stocks
312,788
172,837
Debtors
6
458,516
360,195
Cash at bank and in hand
38,857
218,413
-----------
-----------
810,161
751,445
Creditors: amounts falling due within one year
7
519,833
436,821
-----------
-----------
Net Current Assets
290,328
314,624
-----------
-----------
Total Assets Less Current Liabilities
467,017
523,277
Creditors: amounts falling due after more than one year
8
96,905
157,524
-----------
-----------
Net Assets
370,112
365,753
-----------
-----------
CARABUILD PARK & LEISURE HOMES LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
2024
2023
Note
£
£
£
Capital and Reserves
Called up share capital
10
10
Profit and loss account
370,102
365,743
-----------
-----------
Shareholders Funds
370,112
365,753
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
Mrs D Butler Director
Company registration number: 08315738
CARABUILD PARK & LEISURE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Annie Reed Road, Off Beck View Road, Beverley, East Yorkshire, HU17 0LF, England.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure Exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property
-
10% straight line
Plant and machinery
-
20% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 22 ).
5. Tangible Assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
134,464
40,678
66,203
78,076
11,980
331,401
Additions
260
744
2,032
3,036
-----------
---------
---------
---------
---------
-----------
At 31 Dec 2024
134,724
41,422
66,203
78,076
14,012
334,437
-----------
---------
---------
---------
---------
-----------
Depreciation
At 1 Jan 2024
6,953
38,207
34,356
33,326
9,906
122,748
Charge for the year
13,426
1,110
7,962
11,187
1,315
35,000
-----------
---------
---------
---------
---------
-----------
At 31 Dec 2024
20,379
39,317
42,318
44,513
11,221
157,748
-----------
---------
---------
---------
---------
-----------
Carrying amount
At 31 Dec 2024
114,345
2,105
23,885
33,563
2,791
176,689
-----------
---------
---------
---------
---------
-----------
At 31 Dec 2023
127,511
2,471
31,847
44,750
2,074
208,653
-----------
---------
---------
---------
---------
-----------
6. Debtors
2024
2023
£
£
Trade debtors
11,509
58,809
Other debtors
447,007
301,386
-----------
-----------
458,516
360,195
-----------
-----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
59,404
45,000
Trade creditors
135,917
139,518
Social security and other taxes
175,787
198,148
Other creditors
148,725
54,155
-----------
-----------
519,833
436,821
-----------
-----------
Bank borrowing is secured against the assets of the company.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
96,905
157,524
---------
-----------
Bank borrowing is secured against the assets of the company.
9. Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
75,000
75,000
Later than 1 year and not later than 5 years
137,500
212,500
-----------
-----------
212,500
287,500
-----------
-----------
10. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs D Butler
101,247
55,275
156,522
Mr Z Butler
101,247
55,275
156,522
-----------
-----------
-----------
202,494
110,550
313,044
-----------
-----------
-----------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs D Butler
101,247
101,247
Mr Z Butler
101,247
101,247
-----------
-----
-----------
202,494
202,494
-----------
-----
-----------
All balances are interest free and repayable on demand.