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REGISTERED NUMBER: 03045841 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Orchard Caravans (Norfolk) Limited

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Tangible assets 5 454,477 516,350
Investments 6 130,000 130,000
584,477 646,350

Current assets
Stocks 174,675 179,570
Debtors 7 310,729 348,597
Cash at bank and in hand 460 273
485,864 528,440
Creditors
Amounts falling due within one year 8 (448,759 ) (494,400 )
Net current assets 37,105 34,040
Total assets less current liabilities 621,582 680,390

Creditors
Amounts falling due after more than one
year

9

(128,191

)

(116,813

)

Provisions for liabilities (32,218 ) (55,762 )
Net assets 461,173 507,815

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £ £
Capital and reserves
Called up share capital 51,000 51,000
Capital redemption reserve 25,500 25,500
Retained earnings 384,673 431,315
461,173 507,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





Mr H E Collins - Director


Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Orchard Caravans (Norfolk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03045841

Registered office: Great Eastern Way
Wells-Next-the-Sea
Norfolk
NR23 1LY

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Orchard Caravans (Norfolk) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property- 2% straight line
Freehold property (SBA)- 33.33 years straight line
Plant and machinery- 20% -25% on reducing balance
Fixtures and fittings- 20% p.a. reducing balance
Motor vehicles- 25% p.a reducing balance
Computer equipment- 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
Cost
At 1 January 2024 306,627 410,573 65,573
Additions 9,879 11,016 -
Disposals - (155,518 ) -
At 31 December 2024 316,506 266,071 65,573
Depreciation
At 1 January 2024 66,435 313,103 48,698
Charge for year 5,454 9,689 4,492
Eliminated on disposal - (131,563 ) -
At 31 December 2024 71,889 191,229 53,190
Net book value
At 31 December 2024 244,617 74,842 12,383
At 31 December 2023 240,192 97,470 16,875

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 January 2024 450,887 8,065 1,241,725
Additions 2,003 - 22,898
Disposals - - (155,518 )
At 31 December 2024 452,890 8,065 1,109,105
Depreciation
At 1 January 2024 289,886 7,253 725,375
Charge for year 40,585 596 60,816
Eliminated on disposal - - (131,563 )
At 31 December 2024 330,471 7,849 654,628
Net book value
At 31 December 2024 122,419 216 454,477
At 31 December 2023 161,001 812 516,350

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024
and 31 December 2024 130,000
Net book value
At 31 December 2024 130,000
At 31 December 2023 130,000

7. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 138,265 186,617
Amounts owed by group undertakings 155,588 145,340
Other debtors 16,876 16,640
310,729 348,597

8. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Bank loans and overdrafts 93,848 81,189
Hire purchase contracts (see note 10) 24,000 24,433
Trade creditors 19,701 75,400
Taxation and social security 66,502 56,681
Other creditors 244,708 256,697
448,759 494,400

The bank borrowings are secured by HSBC who hold a legal charge and a fixed and floating charge over all assets.

Finance lease and hire purchase creditors are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Bank loans 87,461 52,083
Hire purchase contracts (see note 10) 40,730 64,730
128,191 116,813

Orchard Caravans (Norfolk) Limited (Registered number: 03045841)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. Creditors: amounts falling due after more than one year - continued

The bank borrowings are secured by HSBC who hold a legal charge and a fixed and floating charge over all assets.

Finance lease and hire purchase creditors are secured on the assets concerned.

10. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£ £
Net obligations repayable:
Within one year 24,000 24,433
Between one and five years 40,730 64,730
64,730 89,163

11. Other financial commitments

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £507,331 (2023: £571,031).