Company registration number 12149032 (England and Wales)
YARWELL MILL COUNTRY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
YARWELL MILL COUNTRY PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
YARWELL MILL COUNTRY PARK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
36,254
142,989
Current assets
Stocks
4
1,989,440
1,876,457
Debtors
5
2,133,778
870,552
Cash at bank and in hand
146,127
184,933
4,269,345
2,931,942
Creditors: amounts falling due within one year
6
(4,821,397)
(3,029,760)
Net current liabilities
(552,052)
(97,818)
Net (liabilities)/assets
(515,798)
45,171
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(515,898)
45,071
Total equity
(515,798)
45,171
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 August 2025 and are signed on its behalf by:
K Moore
Director
Company registration number 12149032 (England and Wales)
YARWELL MILL COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Yarwell Mill Country Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yarwell Mill Country Park, Mill Road, Yarwell, Peterborough, PE8 6PS.
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 is recognised at the fair value of the consideration received or receivable for management fees and is shown net of VAT and other sales related taxes. Income is recognised in the period to which it relates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Fixtures and fittings
20% reducing balance
Computers
33% straight line
Motor vehicles
25% straight line
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. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stock consists of houses taken in part exchange, bases, caravans and park homes.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
YARWELL MILL COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
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.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
8
1
YARWELL MILL COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
151,116
Additions
1,520
Disposals
(104,995)
At 31 March 2024
47,641
Depreciation and impairment
At 1 April 2023
8,127
Depreciation charged in the year
16,769
Eliminated in respect of disposals
(13,509)
At 31 March 2024
11,387
Carrying amount
At 31 March 2024
36,254
At 31 March 2023
142,989
4
Stocks
2024
2023
£
£
Stocks
1,989,440
1,876,457
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,349,857
43,258
Other debtors
783,921
827,294
2,133,778
870,552
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,374,227
534,819
Taxation and social security
7,349
Other creditors
3,439,821
2,494,941
4,821,397
3,029,760
YARWELL MILL COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions
Included within other creditors at the balance sheet date is £400 (2023: £400) due to Parkhome and Lodge Management Services Limited, a company controlled by the director.
Included within other creditors at the balance sheet date is an amount of £2,559,794 (2023: £1,494,691) due to Leisure Parks Luxury Living Limited, a company in which the director has a beneficial interest. During the year an amount of £Nil (2023: £15,528) was receivable for agency fee commission from Leisure Parks Luxury Living Limited.
Included within other creditors at the balance sheet date is an amount of £20,263 (2023: £Nil) due to Sunningdale Life Limited, a company controlled by the director.
Included within other creditors at the balance sheet date is an amount of £295,606 (2023: £Nil) due to West Bay Park Limited, a company controlled by the director.
Included within other debtors at the balance sheet date is an amount of £17,259 (2023: £100,000) due from Chesterton Prestige Limited, a company controlled by the director.
Included within other debtors at the balance sheet date is an amount of £94,251 (2023: £Nil) due from Luxury Home Developments Limited, a company controlled by the director.
Included within other debtors at the balance sheet date is an amount of £85,002 (2023: £559,738) due from Willoway Mobile Home Park Limited, a company in which the director had beneficial interest.
Included within other debtors at the balance sheet date is an amount of £8,577 (2023: £Nil) due from Walton Hall Manor Country Park Limited, a company in which the director had beneficial interest.