ACCOUNTS - Final Accounts preparation

Company registration number: 12824304

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	HEMSBY ESTATES LIMITED


HEMSBY ESTATES LIMITED REGISTERED NUMBER:12824304

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		6,915,652		-
			6,915,652		-
Current assets
Stocks		98,643		-
Debtors: amounts falling due within one year	5	78,623		100
Cash at bank and in hand		587,176		-
		764,442		100
Creditors: amounts falling due within one year	6	(7,645,479)		-
Net current (liabilities)/assets			(6,881,037)		100
Total assets less current liabilities			34,615		100
Provisions for liabilities
Deferred tax		(638)		-
			(638)		-
Net assets			33,977		100

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	33,877	-
	33,977	100

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 on 3 September 2025.

M C Annis

Director

The notes on pages 3 to 6 form part of these financial statements.

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HEMSBY ESTATES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2023	100	-	100
Total comprehensive income for the year	-	-	-

At 1 April 2024	100	-	100
Comprehensive income for the year
Profit for the year	-	33,877	33,877
Total comprehensive income for the year	-	33,877	33,877
At 31 March 2025	100	33,877	33,977

The notes on pages 3 to 6 form part of these financial statements.

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HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Hemsby Estates Limited, formerly known as Tamworth Country Park Limited, is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, United Kingdom, KT22 8DY. The principal place of business is Newport Road, Hemsby, Great Yarmouth, Norfolk, NR29 4NW.
The Company is part of the Monte Carlo Parks Ltd Group.
The Company's functional and presentational currency is GBP, rounded to the nearest £1.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. Monies received in advance are treated as deferred income and held as payments on account.
Pitch fees
Pitch fees are recognised on an accruals basis in the period to which they relate.
Sales of park homes, caravans and other items
Sales of park homes, caravans and other items are 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.

2.3

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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.

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HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Current and deferred taxation (continued)

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 reporting date.

2.4

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
Fixtures and fittings	-	20% reducing balance
Office equipment	-	20-50% 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.

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Employees

The Company had no employees other than the director, who did not receive any remuneration (2024 - 0).

4.	Tangible fixed assets

	Freehold property	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
Additions	6,909,248	5,736	716	6,915,700
At 31 March 2025	6,909,248	5,736	716	6,915,700
Depreciation
Charge for the year	-	48	-	48
At 31 March 2025	-	48	-	48
Net book value
At 31 March 2025	6,909,248	5,688	716	6,915,652
At 31 March 2024	-	-	-	-

Debtors

					2025	2024
					£	£


Trade debtors	69,001	-
Amounts owed by group undertakings	-	100
Other debtors	9,343	-
Prepayments and accrued income	279	-
	78,623	100

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HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	214,561	-
Amounts owed to group undertakings	6,824,226	-
Corporation tax	792	-
Other taxation and social security	89,176	-
Accruals and deferred income	516,724	-
	7,645,479	-

7.	Contingent liabilities

The Company has given a guarantee in respect of the bank borrowings of its parent company. The guarantee is secured by a fixed charge over the company’s freehold property and a debenture over all other assets of the company.

8.	Related party transactions
	The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are a wholly owned part of the group.

9.	Controlling party

The parent company is Monte Carlo Parks Ltd by virtue of its 100% shareholding. The address of the parent company's registered office is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY.
The ultimate controlling party is M.C. Annis by virtue of his 75% shareholding in Monte Carlo Parks Ltd.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 3 September 2025 by Andrew Hookkway FCA (Senior statutory auditor) on behalf of Menzies LLP.

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