Silverfin false false 31/12/2024 01/09/2023 31/12/2024 C H Barton Jnr 15/08/2024 28/10/2020 T R Hardick 29/05/2020 P Vanns 15/08/2024 22 August 2025 The principal activity of the company during the financial period was that of development of a residential park. 12633052 2024-12-31 12633052 bus:Director1 2024-12-31 12633052 bus:Director2 2024-12-31 12633052 bus:Director3 2024-12-31 12633052 2023-08-31 12633052 core:CurrentFinancialInstruments 2024-12-31 12633052 core:CurrentFinancialInstruments 2023-08-31 12633052 core:Non-currentFinancialInstruments 2024-12-31 12633052 core:Non-currentFinancialInstruments 2023-08-31 12633052 core:ShareCapital 2024-12-31 12633052 core:ShareCapital 2023-08-31 12633052 core:RevaluationReserve 2024-12-31 12633052 core:RevaluationReserve 2023-08-31 12633052 core:RetainedEarningsAccumulatedLosses 2024-12-31 12633052 core:RetainedEarningsAccumulatedLosses 2023-08-31 12633052 core:Goodwill 2023-08-31 12633052 core:Goodwill 2024-12-31 12633052 core:LandBuildings 2023-08-31 12633052 core:PlantMachinery 2023-08-31 12633052 core:FurnitureFittings 2023-08-31 12633052 core:OfficeEquipment 2023-08-31 12633052 core:LandBuildings 2024-12-31 12633052 core:PlantMachinery 2024-12-31 12633052 core:FurnitureFittings 2024-12-31 12633052 core:OfficeEquipment 2024-12-31 12633052 core:CurrentFinancialInstruments core:Secured 2024-12-31 12633052 bus:OrdinaryShareClass1 2024-12-31 12633052 2023-09-01 2024-12-31 12633052 bus:FilletedAccounts 2023-09-01 2024-12-31 12633052 bus:SmallEntities 2023-09-01 2024-12-31 12633052 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-12-31 12633052 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 12633052 bus:Director1 2023-09-01 2024-12-31 12633052 bus:Director2 2023-09-01 2024-12-31 12633052 bus:Director3 2023-09-01 2024-12-31 12633052 core:Goodwill 2023-09-01 2024-12-31 12633052 core:LandBuildings core:TopRangeValue 2023-09-01 2024-12-31 12633052 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-12-31 12633052 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-12-31 12633052 core:OfficeEquipment core:TopRangeValue 2023-09-01 2024-12-31 12633052 2022-09-01 2023-08-31 12633052 core:LandBuildings 2023-09-01 2024-12-31 12633052 core:PlantMachinery 2023-09-01 2024-12-31 12633052 core:FurnitureFittings 2023-09-01 2024-12-31 12633052 core:OfficeEquipment 2023-09-01 2024-12-31 12633052 core:CurrentFinancialInstruments 2023-09-01 2024-12-31 12633052 core:Non-currentFinancialInstruments 2023-09-01 2024-12-31 12633052 bus:OrdinaryShareClass1 2023-09-01 2024-12-31 12633052 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12633052 (England and Wales)

ROSECLISTON PARK LIMITED

Unaudited Financial Statements
For the financial period from 01 September 2023 to 31 December 2024
Pages for filing with the registrar

ROSECLISTON PARK LIMITED

Unaudited Financial Statements

For the financial period from 01 September 2023 to 31 December 2024

Contents

ROSECLISTON PARK LIMITED

BALANCE SHEET

As at 31 December 2024
ROSECLISTON PARK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.08.2023
£ £
Fixed assets
Intangible assets 3 0 2
Tangible assets 4 7,455,538 6,256,075
7,455,538 6,256,077
Current assets
Stocks 746,886 0
Debtors 5 54,414 23,235
Cash at bank and in hand 150,731 7,337
952,031 30,572
Creditors: amounts falling due within one year 6 ( 4,881,218) ( 2,325,000)
Net current liabilities (3,929,187) (2,294,428)
Total assets less current liabilities 3,526,351 3,961,649
Creditors: amounts falling due after more than one year 7 ( 422,887) ( 459,232)
Provision for liabilities ( 779,500) ( 755,910)
Net assets 2,323,964 2,746,507
Capital and reserves
Called-up share capital 8 100 100
Revaluation reserve 2,894,736 2,894,736
Profit and loss account ( 570,872 ) ( 148,329 )
Total shareholders' funds 2,323,964 2,746,507

For the financial period 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 financial statements of Rosecliston Park Limited (registered number: 12633052) were approved and authorised for issue by the Board of Directors on 22 August 2025. They were signed on its behalf by:

T R Hardick
Director
ROSECLISTON PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 December 2024
ROSECLISTON PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rosecliston Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 56 The Square, Chagford, TQ13 8AE, United Kingdom. The principal place of business is Fistral Retreat Park, Rosecliston, Trevemper, Newquay, TR8 5JT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting length period has been extended to match the financial year end of the company's parent and other group companies.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently reviewed for impairment annually.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 10 years straight line
Fixtures and fittings 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
01.09.2023 to
31.12.2024
Year ended
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 0 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 2 2
At 31 December 2024 2 2
Accumulated amortisation
At 01 September 2023 0 0
Impairment losses 2 2
At 31 December 2024 2 2
Net book value
At 31 December 2024 0 0
At 31 August 2023 2 2

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 September 2023 6,250,000 2,815 5,499 0 6,258,314
Additions 1,180,336 27,471 6,298 1,192 1,215,297
At 31 December 2024 7,430,336 30,286 11,797 1,192 7,473,611
Accumulated depreciation
At 01 September 2023 0 384 1,855 0 2,239
Charge for the financial period 11,139 2,699 1,817 179 15,834
At 31 December 2024 11,139 3,083 3,672 179 18,073
Net book value
At 31 December 2024 7,419,197 27,203 8,125 1,013 7,455,538
At 31 August 2023 6,250,000 2,431 3,644 0 6,256,075

The Land element of Land and buildings has not been depreciated.

Revaluation of tangible assets

Land and Buildings represents freehold land and buildings.

The Land and Buildings were valued on 31 December 2024 by the director who is internal to the company. The basis of this valuation was open market value.

There has been no valuation of Land and Buildings by an independent valuer.

Freehold Land and buildings are carried at valuation. If the assets were measured using the cost mode, the carrying amounts would be as follows:

31.12.2024 31.08.2023
£ £
Historical cost 3,735,477 2,074,398
Accumulated depreciation (7,681) 0
Carrying value 3,727,796 2,074,398

5. Debtors

31.12.2024 31.08.2023
£ £
Trade debtors 12,149 0
Prepayments 22,644 10,124
VAT recoverable 19,621 13,011
Other debtors 0 100
54,414 23,235

6. Creditors: amounts falling due within one year

31.12.2024 31.08.2023
£ £
Bank loans (secured) 1,795,713 25,030
Trade creditors 93,534 220,474
Amounts owed to Group undertakings 2,885,636 1,847,054
Accruals 29,737 21,222
Other creditors 76,598 211,220
4,881,218 2,325,000

The bank loans of £1,795,713 (2023: £25,030) are secured by way of fixed and floating charges over all property or undertaking of the company.

7. Creditors: amounts falling due after more than one year

31.12.2024 31.08.2023
£ £
Bank loans (secured) 422,887 459,232

The bank loans of £422,887 (2023: £459,232) are secured by way of fixed and floating charges over all property or undertaking of the company.

8. Called-up share capital

31.12.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with owners holding a participating interest in the entity

31.12.2024 31.08.2023
£ £
Amounts due to parent undertaking 2,885,636 2,047,498

The balance is repayable on demand and no interest was charged during the year.