Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false32023-11-01falseCaravan park3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04894459 2023-11-01 2024-10-31 04894459 2022-11-01 2023-10-31 04894459 2024-10-31 04894459 2023-10-31 04894459 c:Director3 2023-11-01 2024-10-31 04894459 d:Buildings 2023-11-01 2024-10-31 04894459 d:Buildings 2024-10-31 04894459 d:Buildings 2023-10-31 04894459 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04894459 d:PlantMachinery 2023-11-01 2024-10-31 04894459 d:PlantMachinery 2024-10-31 04894459 d:PlantMachinery 2023-10-31 04894459 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04894459 d:MotorVehicles 2023-11-01 2024-10-31 04894459 d:MotorVehicles 2024-10-31 04894459 d:MotorVehicles 2023-10-31 04894459 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04894459 d:FurnitureFittings 2023-11-01 2024-10-31 04894459 d:FurnitureFittings 2024-10-31 04894459 d:FurnitureFittings 2023-10-31 04894459 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04894459 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04894459 d:Goodwill 2024-10-31 04894459 d:Goodwill 2023-10-31 04894459 d:CurrentFinancialInstruments 2024-10-31 04894459 d:CurrentFinancialInstruments 2023-10-31 04894459 d:Non-currentFinancialInstruments 2024-10-31 04894459 d:Non-currentFinancialInstruments 2023-10-31 04894459 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04894459 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04894459 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04894459 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04894459 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 04894459 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04894459 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 04894459 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04894459 d:ShareCapital 2024-10-31 04894459 d:ShareCapital 2023-10-31 04894459 d:RetainedEarningsAccumulatedLosses 2024-10-31 04894459 d:RetainedEarningsAccumulatedLosses 2023-10-31 04894459 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 04894459 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 04894459 c:OrdinaryShareClass1 2023-11-01 2024-10-31 04894459 c:OrdinaryShareClass1 2024-10-31 04894459 c:OrdinaryShareClass1 2023-10-31 04894459 c:FRS102 2023-11-01 2024-10-31 04894459 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04894459 c:FullAccounts 2023-11-01 2024-10-31 04894459 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04894459 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04894459










DERWEN MILL HOLIDAY PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
DERWEN MILL HOLIDAY PARK LIMITED
REGISTERED NUMBER: 04894459

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
1,585,056
1,399,961

  
1,585,056
1,399,961

Current assets
  

Stocks
  
151,446
268,237

Debtors: amounts falling due within one year
 7 
228,823
263,997

Cash at bank and in hand
 8 
163,001
473,630

  
543,270
1,005,864

Creditors: amounts falling due within one year
 9 
(276,446)
(617,778)

Net current assets
  
 
 
266,824
 
 
388,086

Total assets less current liabilities
  
1,851,880
1,788,047

Creditors: amounts falling due after more than one year
 10 
(612,584)
(500,250)

Provisions for liabilities
  

Deferred tax
 12 
(36,012)
(36,865)

  
 
 
(36,012)
 
 
(36,865)

Net assets
  
1,203,284
1,250,932


Capital and reserves
  

Called up share capital 
 13 
1,000
1,000

Profit and loss account
  
1,202,284
1,249,932

  
1,203,284
1,250,932


Page 1

 
DERWEN MILL HOLIDAY PARK LIMITED
REGISTERED NUMBER: 04894459
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

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 comprehensive income 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 21 July 2025.




Richard Paul Jones
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Derwen Mill Holiday Park Limited, 04894459, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Derwen Mill Holiday Park, Derwen Mill, Guilsfield, Powys, SY21 9PH.
The principal activity of the company is that of a caravan park.

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

Revenue

Revenue 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. Revenue 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

Revenue 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Depreciation 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:

Freehold property
-
Not depreciated
Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%

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.

The Companies Act 2006 requires tangible fixed assets to be depreciated. Freehold property is not depreciated. The directors consider that the property is maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged to profit and loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

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.

 
2.14

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.

 
2.15

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 6

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
30,000



At 31 October 2024

30,000



Amortisation


At 1 November 2023
30,000



At 31 October 2024

30,000



Net book value



At 31 October 2024
-



At 31 October 2023
-



Page 7

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
1,347,907
66,976
71,814
22,979
1,509,676


Additions
192,803
-
-
6,367
199,170



At 31 October 2024

1,540,710
66,976
71,814
29,346
1,708,846



Depreciation


At 1 November 2023
-
48,503
48,591
12,620
109,714


Charge for the year on owned assets
-
4,619
5,806
3,651
14,076



At 31 October 2024

-
53,122
54,397
16,271
123,790



Net book value



At 31 October 2024
1,540,710
13,854
17,417
13,075
1,585,056



At 31 October 2023
1,347,907
18,472
23,224
10,358
1,399,961


7.


Debtors

2024
2023
£
£


Trade debtors
199
179

Other debtors
213,759
260,762

Prepayments and accrued income
14,865
3,056

228,823
263,997


Page 8

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
163,001
473,630

163,001
473,630



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
39,666
29,000

Payments received on account
145,379
196,482

Trade creditors
28,962
295,612

Other taxation and social security
1,512
3,566

Other creditors
6,685
83,857

Accruals and deferred income
54,242
9,261

276,446
617,778


The following liabilities were secured:

2024
2023
£
£



Bank loans
39,666
29,000

39,666
29,000

Details of security provided:

The bank loan is secured upon the assets of the company.

Page 9

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
612,584
500,250

612,584
500,250


The following liabilities were secured:

2024
2023
£
£



Bank loans
612,584
500,250

612,584
500,250

Details of security provided:

The bank loan is secured upon the assets of the company.

Page 10

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
39,666
29,000


39,666
29,000

Amounts falling due 1-2 years

Bank loans
39,666
29,000


39,666
29,000

Amounts falling due 2-5 years

Bank loans
572,917
471,250


572,917
471,250


652,249
529,250


Page 11

 
DERWEN MILL HOLIDAY PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Deferred taxation




2024


£






At beginning of year
36,865


Charged to profit or loss
(853)



At end of year
36,012

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
36,012
36,865

36,012
36,865


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,415 (2023: £1,415). Contributions totalling £118 (2023: £118) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 12