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REGISTERED NUMBER: 00950941 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CROWS NEST CAMP LIMITED

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWS NEST CAMP LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr Ian Richard Palmer
Mr Nicholas James Palmer
Mrs Rebecca Jayne Palmer-Bunting





SECRETARY: Mrs Rebecca Jayne Palmer-Bunting





REGISTERED OFFICE: Crows Nest Farm
Gristhorpe
Filey
North Yorkshire
YO14 9PS





REGISTERED NUMBER: 00950941 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,413,662 1,328,584
Investments 5 100 100
1,413,762 1,328,684

CURRENT ASSETS
Stocks 6 64,100 5,000
Debtors 7 6,702,127 6,269,776
Cash at bank and in hand 3,589 477,465
6,769,816 6,752,241
CREDITORS
Amounts falling due within one year 8 857,780 920,556
NET CURRENT ASSETS 5,912,036 5,831,685
TOTAL ASSETS LESS CURRENT LIABILITIES 7,325,798 7,160,369

CREDITORS
Amounts falling due after more than one
year

9

(3,849,618

)

(4,015,199

)

PROVISIONS FOR LIABILITIES (167,742 ) (139,912 )
NET ASSETS 3,308,438 3,005,258

CAPITAL AND RESERVES
Called up share capital 11 78,600 78,600
Retained earnings 3,229,838 2,926,658
SHAREHOLDERS' FUNDS 3,308,438 3,005,258

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

BALANCE SHEET - continued
31 December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr Ian Richard Palmer - Director


CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Crows Nest Camp 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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of services provided and goods sold during the year. Income is recognised in respect of services provided in the period to which they relate, and sales of goods are recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Land 0%, buildings 2% on cost
Plant and machinery - 4% - 25% straight line
Fixtures, fittings and equipment - 20% on cost
Motor vehicles - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
land and Plant and and Motor
buildings machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 1,277,096 1,291,399 33,755 8,995 2,611,245
Additions - 256,644 275 14,000 270,919
Disposals - (128,490 ) - - (128,490 )
At 31 December 2024 1,277,096 1,419,553 34,030 22,995 2,753,674
DEPRECIATION
At 1 January 2024 537,572 713,569 23,370 8,150 1,282,661
Charge for year 24,477 63,012 3,943 3,419 94,851
Eliminated on disposal - (37,500 ) - - (37,500 )
At 31 December 2024 562,049 739,081 27,313 11,569 1,340,012
NET BOOK VALUE
At 31 December 2024 715,047 680,472 6,717 11,426 1,413,662
At 31 December 2023 739,524 577,830 10,385 845 1,328,584

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. STOCKS
2024 2023
£    £   
Stocks 64,100 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,702,127 6,269,776

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 234,519 360,105
Amounts owed to group undertakings 312,805 311,154
Taxation and social security 88,887 74,778
Other creditors 221,569 174,519
857,780 920,556

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,849,618 4,015,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 3,103,395 3,306,904

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 71,050 204,944
Bank loans 4,013,087 4,170,360
4,084,137 4,375,304

The bank borrowings are secured by freehold first legal charges over freehold land and properties owned by the company, together with a debenture over all assets held by the company.
Security is also provided by means of an unlimited guarantee issued by the connected companies Crows Nest Farm Limited, Crows Nest Stores Limited and Jasmine Caravan Park Limited.
The director also provides a personal guarantee of £100,000 in relation to the bank loans.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
78,600 Ordinary £7860 0 78,600 78,600

12. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the balance sheet date is £437,466 (2023 £561,402).

CROWS NEST CAMP LIMITED (REGISTERED NUMBER: 00950941)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr Ian Richard Palmer
Balance outstanding at start of year 96,973 63,767
Amounts advanced 60,617 80,190
Amounts repaid (46,983 ) (46,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,607 96,973

The amounts above represent aggregates of the advances and repayments made in the year.
The loans are unsecured and repayable on demand. Interest has been charged at an average rate of 2.25% per annum on any outstanding advances during the year.

14. CONTROLLING PARTY

The company is a wholly-owned subsidiary of Crows Nest Caravan Park Limited, a company incorporated in England and Wales and whose company reference is 1619314834.

Crows Nest Caravan Park Limited is under the control of the director Mr Ian Palmer and, as such, he is deemed the ultimate controlling party.