REGISTERED NUMBER: 03781663 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOCKETTS MILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Allison

K Hague

SECRETARY:

K Hague

REGISTERED OFFICE:

Marton Hall

Church Lane

Sewerby

Bridlington

East Yorkshire

YO15 1DS

REGISTERED NUMBER:

03781663 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

3,976,477

3,882,499

Investments

5

125,000

140,000

4,101,477

4,022,499

CURRENT ASSETS

Stocks

323,101

419,092

Debtors

6

1,469,158

1,330,355

Cash at bank and in hand

1,232,239

1,042,788

3,024,498

2,792,235

CREDITORS

Amounts falling due within one year

7

2,001,687

658,385

NET CURRENT ASSETS

1,022,811

2,133,850

TOTAL ASSETS LESS CURRENT LIABILITIES

5,124,288

6,156,349

CREDITORS

Amounts falling due after more than one year

8

(15,575

)

(1,271,698

)

PROVISIONS FOR LIABILITIES

(437,552

)

(416,680

)

NET ASSETS

4,671,161

4,467,971

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

4,671,159

4,467,969

SHAREHOLDERS' FUNDS

4,671,161

4,467,971

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:

D R Allison - Director

1.	STATUTORY INFORMATION

Tocketts Mill 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 as modified by the revaluation of certain assets.

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 £.

Going concern

The financial statements have been prepared on the going concern basis of accounting, which assumes that the company is able to continue operating as a going concern.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services provided by the company as part of the operation of the caravan parks, excluding value added tax.

Income regarding site fees and insurance is deferred and released over the term of chargeable period, with the deferred amount being recorded as a current liability.

Income regarding light and heat recharges and other sundry park income is accrued and released over the term of the chargeable period, with the accrued amount being recorded as a current asset.

Income regarding park services, caravans and other goods sold are recognised on a receipts basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land, buildings & site development

-

2% on cost, excluding land element

Plant & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire fleet

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost, market 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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments

Other investments have been included at fair value.

Pension costs and other post-retirement benefits

The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

3,609,375

1,385,799

4,995,174

Additions

8,120

335,837

343,957

Disposals

-

(113,133

)

(113,133

)

At 31 December 2024

3,617,495

1,608,503

5,225,998

DEPRECIATION

At 1 January 2024

266,348

846,327

1,112,675

Charge for year

32,350

125,883

158,233

Eliminated on disposal

-

(21,387

)

(21,387

)

At 31 December 2024

298,698

950,823

1,249,521

NET BOOK VALUE

At 31 December 2024

3,318,797

657,680

3,976,477

At 31 December 2023

3,343,027

539,472

3,882,499

Included in cost or valuation of land and buildings is freehold land of £ 2,000,000 (2023 - £ 2,000,000 ) which is not depreciated.

A valuation was done in 2014 on transition to FRS 102 1A and is classed as deemed cost.

The net book value of tangible fixed assets includes £ 185,619 (2023 - £ 116,322 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Other investment b/f

140,000

135,000

Revaluation

(15,000

)

5,000

125,000

140,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

231,314

18,680

Amounts owed by group undertakings

1,154,247

1,154,297

Other debtors

83,597

157,378

1,469,158

1,330,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,235,135

109,000

Hire purchase contracts

51,626

36,128

Trade creditors

152,501

142,615

Taxation and social security

199,607

111,702

Other creditors

362,818

258,940

2,001,687

658,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

1,235,570

Hire purchase contracts

15,575

36,128

15,575

1,271,698

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,235,135

1,344,570

Hire purchase contracts

67,201

72,256

1,302,336

1,416,826

Bank borrowings are secured by a debenture over the assets of the company and by way of a formal charge over land and buildings.

Hire purchase contracts are secured over the assets being financed.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Included within retained earnings are distributable reserves of £2,937,921 (2023: £2,734,731).

12.	CONTINGENT LIABILITIES

The company has given a cross guarantee to the company's bankers in respect of the parent company, Tocketts Mill Leisure Limited. In the opinion of the directors the likelihood of any liability arising under this agreement is remote.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

K Hague

Balance outstanding at start of year

95,534

(74

)

Amounts advanced

-

103,954

Amounts repaid

(95,534

)

(8,346

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

95,534

D R Allison

Balance outstanding at start of year

3,712

(419

)

Amounts advanced

-

12,637

Amounts repaid

(3,712

)

(8,506

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,712