ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 13194245

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	WALTON HALL MANOR COUNTRY PARK LIMITED


WALTON HALL MANOR COUNTRY PARK LIMITED REGISTERED NUMBER:13194245

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,186,298		4,003,783
			4,186,298		4,003,783
Current assets
Stocks		1,837,631		-
Debtors: amounts falling due within one year	5	91,156		73,969
Cash at bank and in hand		33,327		10,578
		1,962,114		84,547
Creditors: amounts falling due within one year	6	(4,586,575)		(2,548,792)
Net current liabilities			(2,624,461)		(2,464,245)
Total assets less current liabilities			1,561,837		1,539,538
Provisions for liabilities
Deferred tax		(389,906)		(376,224)
			(389,906)		(376,224)
Net assets			1,171,931		1,163,314

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Revaluation reserve	1,128,670	1,128,670
Profit and loss account	43,161	34,544
	1,171,931	1,163,314

Page 1


WALTON HALL MANOR COUNTRY PARK LIMITED REGISTERED NUMBER:13194245

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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 by:

M.C. Annis

Director

Date: 3 September 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2


WALTON HALL MANOR COUNTRY PARK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	100	1,128,670	(22,522)	1,106,248
Comprehensive income for the year
Profit for the year	-	-	57,066	57,066
Total comprehensive income for the year	-	-	57,066	57,066

At 1 April 2024	100	1,128,670	34,544	1,163,314
Comprehensive income for the year
Loss for the year	-	-	(7,142)	(7,142)
Taxation in respect of items of other comprehensive income	-	-	15,759	15,759
Total comprehensive income for the year	-	-	8,617	8,617
At 31 March 2025	100	1,128,670	43,161	1,171,931

The notes on pages 4 to 8 form part of these financial statements.

Page 3


WALTON HALL MANOR COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Walton Hall Manor County 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, KT22 8DY. The principal place of business is Walton Hall Road, Linford, Stanford-le-Hope SS17 0RH.
This 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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company 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, recharge of expenses and commissions
Income is recognised on an accruals basis in the period to which they relate.
Sales of park homes
Sales of park homes 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.

Page 4


WALTON HALL MANOR COUNTRY PARK 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
Plant and machinery	-	20% straight line
Fixtures and fittings	-	33% 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.

No depreciation has been provided on freehold property as the property is held at valuation.

2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in 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.

Page 5


WALTON HALL MANOR COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Financial instruments (continued)

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 Comprehensive Income.

3.	Employees
	The Company has no employees other than the director, who did not receive any remuneration (2024 - £NIL).

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	3,950,000	-	62,031	4,012,031
Additions	119,349	57,477	32,247	209,073
At 31 March 2025	4,069,349	57,477	94,278	4,221,104
Depreciation
At 1 April 2024	-	-	8,248	8,248
Charge for the year	-	3,089	23,469	26,558
At 31 March 2025	-	3,089	31,717	34,806
Net book value
At 31 March 2025	4,069,349	54,388	62,561	4,186,298

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
	2025	2024
	£	£


Cost	2,570,398	2,451,049
Net book value	2,570,398	2,451,049

Page 6


WALTON HALL MANOR COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	2,792	16,653
Other debtors	85,565	48,867
Prepayments and accrued income	2,799	8,449
	91,156	73,969

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

Trade creditors	1,074,882	67,073
Amounts owed to group undertakings	3,400,665	2,411,554
Corporation tax	-	14,275
Other creditors	12,792	14,621
Accruals and deferred income	98,236	41,269
	4,586,575	2,548,792

7.	Contingent liabilities

A contingent liability exists in respect of group borrowings of £21,216,283 (2024: £12,924,915) at the balance sheet date in respect of an unlimited multilateral guarantee in favour of HSBC Plc. The guarantee is given by Monte Carlo Parks Ltd, Five Furlongs Country Park Ltd, Red River Country Park Ltd, Rice & Cole Ltd, Arkley Estates Ltd, Lutterworth Country Park Ltd, Havenwood Country Park Ltd, Willoway Mobile Home Park Ltd, Walton Hall Manor Country Park Ltd and Yarwell Estates Ltd.
The guarantee is secured by a fixed charge over the Group's freehold and leasehold properties and a floating charge over all Group assets both present and future.

Not later than 1 year	884	-
Later than 1 year and not later than 5 years	3,254	-
	4,138	-

Page 7


WALTON HALL MANOR COUNTRY PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	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.

10.	Controlling party

The ultimate controlling parent undertaking is Monte Carlo Parks Ltd by virtue of its 100% controlling interest of the
Company. The address of the parent company's registered office 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.

11.	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 Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 8