Company registration number 01868019 (England and Wales)
HOMESTEAD CARAVAN CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
HOMESTEAD CARAVAN CENTRE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr P Hull
Mr S P Wyss
Mrs D L Hull
Mrs E M Swinscoe
Secretary
Mrs S M Willis
Company number
01868019
Registered office
Homestead Farm
Thorpe Road
Weeley
Essex
United Kingdom
CO16 9JN
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
HOMESTEAD CARAVAN CENTRE LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HOMESTEAD CARAVAN CENTRE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
36,074
45,406
Current assets
Stocks
1,923,025
1,951,066
Debtors
4
222,036
122,264
Cash at bank and in hand
154,873
411,738
2,299,934
2,485,068
Creditors: amounts falling due within one year
5
(951,762)
(1,044,640)
Net current assets
1,348,172
1,440,428
Total assets less current liabilities
1,384,246
1,485,834
Provisions for liabilities
(10,072)
(10,072)
Net assets
1,374,174
1,475,762
Capital and reserves
Called up share capital
800
800
Capital redemption reserve
200
200
Profit and loss reserves
1,373,174
1,474,762
Total equity
1,374,174
1,475,762
HOMESTEAD CARAVAN CENTRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 September 2025 and are signed on its behalf by:
Mrs D L Hull
Director
Company registration number 01868019 (England and Wales)
HOMESTEAD CARAVAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Homestead Caravan Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Homestead Farm, Thorpe Road, Weeley, Essex, United Kingdom, CO16 9JN.

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 a mounts 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 goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of new caravans is recognised on the date that they are ordered by the customer (if in stock) or on the date they are delivered to the company. Revenue from the sale of second hand caravans is recognised on the date they are ordered by the customer.

Revenue from the sale of mail order accessories is recognised on the date of delivery to the customer. Revenue from the shop sale of accessories is recognised on the date that payment is received and the customer takes the goods.

Workshop income is recognised when the company obtains the right to consideration.

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.

HOMESTEAD CARAVAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -

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:

Leasehold land and buildings
10% on cost
Plant and equipment
10% on cost
Fixtures and fittings
at varying rates on cost
Computers
25% on cost
Motor vehicles
20% on cost

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.

Freehold property has not been depreciated on the grounds that the practice of regular maintenance and repair has kept the residual value of the freehold to such a level as to make depreciation immaterial.

1.4
Stocks

Stocks of caravans and caravan movers are valued at the lower of cost and net realisable value.

New consignment caravans are regarded as being under the control of the company and are included within stocks on the balance sheet even though legal title has not passed to the company. The corresponding liability is included in creditors.

Accessories stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

HOMESTEAD CARAVAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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
32
32
HOMESTEAD CARAVAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
844,246
79,773
67,360
19,055
40,524
1,050,958
Additions
2,085
-
0
-
0
-
0
-
0
2,085
At 31 December 2024
846,331
79,773
67,360
19,055
40,524
1,053,043
Depreciation and impairment
At 1 January 2024
828,733
75,811
55,435
19,054
26,519
1,005,552
Depreciation charged in the year
2,404
396
1,623
-
0
6,994
11,417
At 31 December 2024
831,137
76,207
57,058
19,054
33,513
1,016,969
Carrying amount
At 31 December 2024
15,194
3,566
10,302
1
7,011
36,074
At 31 December 2023
15,513
3,962
11,925
1
14,005
45,406
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
136,439
11,508
Other debtors
85,597
110,756
222,036
122,264
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
904,547
959,278
Taxation and social security
-
0
9,967
Other creditors
47,215
75,395
951,762
1,044,640
HOMESTEAD CARAVAN CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Creditors: amounts falling due within one year
(Continued)
- 8 -

Included in trade creditors are secured liabilities of £880,907 (202 3: £938,180). The liabilities are secured on the stock of caravans and motorhomes acquired on consignment terms.

6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Management fees
Recharge of costs
2024
2023
2024
2023
£
£
£
£
Other related parties
42,000
-
55,577
75,577

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Other related parties
106,463
8,886
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