Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 2024-02-01 true false 4 false 4 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13968842 2024-02-01 2025-01-31 13968842 2023-02-01 2024-01-31 13968842 2025-01-31 13968842 2024-01-31 13968842 c:Director4 2024-02-01 2025-01-31 13968842 d:Buildings 2024-02-01 2025-01-31 13968842 d:Buildings 2025-01-31 13968842 d:Buildings 2024-01-31 13968842 d:Buildings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13968842 d:PlantMachinery 2024-02-01 2025-01-31 13968842 d:PlantMachinery 2025-01-31 13968842 d:PlantMachinery 2024-01-31 13968842 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13968842 d:ComputerEquipment 2024-02-01 2025-01-31 13968842 d:ComputerEquipment 2025-01-31 13968842 d:ComputerEquipment 2024-01-31 13968842 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13968842 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 13968842 d:Goodwill 2024-02-01 2025-01-31 13968842 d:Goodwill 2025-01-31 13968842 d:Goodwill 2024-01-31 13968842 d:CurrentFinancialInstruments 2025-01-31 13968842 d:CurrentFinancialInstruments 2024-01-31 13968842 d:Non-currentFinancialInstruments 2025-01-31 13968842 d:Non-currentFinancialInstruments 2024-01-31 13968842 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 13968842 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13968842 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 13968842 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13968842 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 13968842 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 13968842 d:ShareCapital 2025-01-31 13968842 d:ShareCapital 2024-01-31 13968842 d:RetainedEarningsAccumulatedLosses 2025-01-31 13968842 d:RetainedEarningsAccumulatedLosses 2024-01-31 13968842 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 13968842 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 13968842 c:OrdinaryShareClass1 2024-02-01 2025-01-31 13968842 c:OrdinaryShareClass1 2025-01-31 13968842 c:OrdinaryShareClass1 2024-01-31 13968842 c:FRS102 2024-02-01 2025-01-31 13968842 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13968842 c:FullAccounts 2024-02-01 2025-01-31 13968842 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13968842 2 2024-02-01 2025-01-31 13968842 d:Goodwill d:OwnedIntangibleAssets 2024-02-01 2025-01-31 13968842 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13968842 WATERS EDGE COUNTRY PARK LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
WATERS EDGE COUNTRY PARK LIMITED REGISTERED NUMBER: 13968842 BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 175,000 |  | 225,000
Tangible assets | 5 |  | 3,109,255 |  | 3,116,113
|  |  | 3,284,255 |  | 3,341,113
Current assets |  |  |  |  |
Stocks | 6 | 180,465 |  | 566,225 |
Debtors: amounts falling due within one year | 7 | 551,233 |  | 111,866 |
Cash at bank and in hand |  | 277,228 |  | 123,231 |
|  | 1,008,926 |  | 801,322 |
Creditors: amounts falling due within one year | 8 | (2,323,927) |  | (2,447,005) |
Net current liabilities |  |  | (1,315,001) |  | (1,645,683)
Total assets less current liabilities |  |  | 1,969,254 |  | 1,695,430
Creditors: amounts falling due after more than one year | 9 |  | (1,710,531) |  | (1,826,394)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (5,933) |  | (16,110) |
|  |  | (5,933) |  | (16,110)
Net assets/(liabilities) |  |  | 252,790 |  | (147,074)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 252,690 |  | (147,174)
|  |  | 252,790 |  | (147,074)
Page 1
WATERS EDGE COUNTRY PARK LIMITED REGISTERED NUMBER: 13968842 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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 by:
................................................ Mr T J McCarthy
Director
Date: 3 September 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Waters Edge Country Park Limited is a limited company incorporated in England and Wales within the United Kingdom. The registered office is UK Leisure Group Head Office, Six Arches Caravan Park, Station Lane, Scorton, Garstang, PR3 1AL. The principal activity of the Company is that of a holiday home mobile park. The Company is not part of a group. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The company's functional and presentational currency is Pounds sterling. The level of rounding applied is to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because of continued support from group companiess and because sufficient funds will be generated from future trading for a period of at least twelve months from the date of the approval of the financial statements to enable the company to meet its liabilities as they arise. The financial statements do not include any adjustments that would result from the withdrawal of this support.
| 2.3 | 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: Pitch fees, recharges, and other income Income is recognised on an accruals basis in the period to which they related Sales of caravans Income is recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place. Page 3
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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 corporation 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.
| 2.8 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over it useful economic life of 10 years. Page 4
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.9 | 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. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  | not depreciated
|  |  |  | Plant and machinery | - | 15% | running balance
|  |  |  | Computer equipment | - | 25% | straight line
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.
| 2.10 | Impairment of fixed assets and goodwill
Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 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.
| 2.12 | 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. Page 5
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.13 | 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.
| 2.14 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 February 2024 | 250,000
| At 31 January 2025 | 250,000
| Amortisation |
| At 1 February 2024 | 25,000
| Charge for the year on owned assets | 25,000
| Impairment charge | 25,000
| At 31 January 2025 | 75,000
| Net book value |
| At 31 January 2025 | 175,000
| At 31 January 2024 | 225,000
Page 6
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 February 2024 | 3,060,524 | 81,505 | 272 | 3,142,301
| Additions | - | - | 428 | 428
| At 31 January 2025 | 3,060,524 | 81,505 | 700 | 3,142,729
| Depreciation |  |  |  |
| At 1 February 2024 | 1,397 | 24,723 | 68 | 26,188
| Charge for the year on owned assets | (1,397) | 8,517 | 166 | 7,286
| At 31 January 2025 | - | 33,240 | 234 | 33,474
| Net book value |  |  |  |
| At 31 January 2025 | 3,060,524 | 48,265 | 466 | 3,109,255
| At 31 January 2024 | 3,059,127 | 56,782 | 204 | 3,116,113
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 180,465 | 566,225
Page 7
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 9,185 | 12,683
| Amounts owed by companies under common control | 516,555 | 95,077
| Other debtors | 20,624 | -
| Prepayments and accrued income | 4,869 | 4,106
|  | 551,233 | 111,866
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 115,863 | 111,414
| Trade creditors | 26,604 | 166,521
| Amounts due to companies under common control | 1,845,872 | 1,993,018
| Corporation tax | 148,848 | -
| Other taxation and social security | 443 | 1,159
| Accruals and deferred income | 186,297 | 174,893
|  | 2,323,927 | 2,447,005
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,710,531 | 1,826,394
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,826,394 | 1,937,808
|  | 1,826,394 | 1,937,808
| Details of security provided:
The bank loan is secured by fixed and floating charges on the Freehold land and property at Kneps Farm Caravan Site, River Road, Thornton Cleveleys FY5 5LR. Page 8
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 115,863 | 111,414
|  | 115,863 | 111,414
| Amounts falling due 2-5 years |  |
| Bank loans | 1,710,531 | 1,826,394
|  | 1,710,531 | 1,826,394
|  | 1,826,394 | 1,937,808
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (16,110)
| Charged to profit or loss | 10,177
| At end of year | (5,933)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (5,933) | (16,110)
|  | (5,933) | (16,110)
Page 9
WATERS EDGE COUNTRY PARK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares shares of £1.00 each | 100 | 100
13. | Prior year adjustment
A reclassification has been made to prior year expenses, previously presented as administrative expenses, which are now recognised as cost of sales. The adjustment has no impact on previously reported profit.
14. | Related party transactions
| During the year the Company operated loans with the Directors of the Company. The amount owed from the Directors at the end of the year was £20,620 (2024 - £Nil). The loan which is unsecured and repayable on demand, is shown within debtors. The loan was repaid within 9 months of the year end. During the year the Company continued its intercompany loans with Companies under Common Control. The balance owed to these Companies is £1,329,316 (2024 - £1,897,941). The balance is interest free and repayable on demand. During the year the Company incurred management charges from other group companies of £21,000 (2024 - £20,250). All management charges are made on an arms length basis.
15. | Controlling party
The Ultimate Controlling Parties are Mr T McCarthy, Mr M P J McCarthy, Mr M P McCarthy and Mrs K A McCarthy by virtue of their joint shareholding in Waters Edge Country Park Limited.
Page 10