ACCOUNTS - Final Accounts

Company registration number: 12083312

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	HAVENWOOD COUNTRY PARK LIMITED


HAVENWOOD COUNTRY PARK LIMITED REGISTERED NUMBER:12083312

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,196,826		4,204,809
			4,196,826		4,204,809
Current assets
Stocks		700,877		369,264
Debtors: amounts falling due within one year	5	296,552		73,281
Cash at bank and in hand		27,700		36,369
		1,025,129		478,914
Creditors: amounts falling due within one year	6	(3,008,837)		(2,850,907)
Net current liabilities			(1,983,708)		(2,371,993)
Total assets less current liabilities			2,213,118		1,832,816
Provisions for liabilities
Deferred tax		(122,467)		(124,463)
			(122,467)		(124,463)
Net assets			2,090,651		1,708,353

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Revaluation reserve	332,282	332,282
Profit and loss account	1,758,269	1,375,971
	2,090,651	1,708,353

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 3 to 7 form part of these financial statements.

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HAVENWOOD 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	332,282	916,251	1,248,633
Comprehensive income for the year
Profit for the year	-	-	459,720	459,720
Total comprehensive income for the year	-	-	459,720	459,720

At 1 April 2024	100	332,282	1,375,971	1,708,353
Comprehensive income for the year
Profit for the year	-	-	382,298	382,298
Total comprehensive income for the year	-	-	382,298	382,298
At 31 March 2025	100	332,282	1,758,269	2,090,651

The notes on pages 3 to 7 form part of these financial statements.

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HAVENWOOD COUNTRY PARK LIMITED

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

1.	General information

Havenwood 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 Arundel Road, Arundel, West Sussex, BN18 0AH.
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 by the Company to the extent that it obtains the right to consideration in exchange for its performance. 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, Recharges and Commissions are recognised on an accruals basis in the period to which they relate.
Sales of mobile 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.

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HAVENWOOD 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, on a reducing balance basis.

Depreciation is provided on the following basis:

				Freehold property	-	Not depreciated
				Plant and machinery	-	20% reducing balance

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting 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.

2.7

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.

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HAVENWOOD COUNTRY PARK LIMITED

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

2.Accounting policies (continued)

2.7

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.

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	Total
	£	£	£
Cost or valuation
At 1 April 2024	4,150,000	55,499	4,205,499
At 31 March 2025	4,150,000	55,499	4,205,499
Depreciation
At 1 April 2024	-	690	690
Charge for the year	-	7,983	7,983
At 31 March 2025	-	8,673	8,673
Net book value
At 31 March 2025	4,150,000	46,826	4,196,826
At 31 March 2024	4,150,000	54,809	4,204,809

The property was professionally valued in January 2023 by commercial real estate agents, Avison Young, at market value. The director chose to adopt this valuation at 31 March 2025.

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	3,706,957	3,706,957
Net book value	3,706,957	3,706,957

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HAVENWOOD COUNTRY PARK LIMITED

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

Debtors

					2025	2024
					£	£


Trade debtors	197,102	5,924
Amounts owed by group undertakings	88,000	58,666
Other debtors	3,066	3,010
Prepayments and accrued income	8,384	5,681
	296,552	73,281

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

Trade creditors	382,389	17,619
Amounts owed to group undertakings	2,544,064	2,754,733
Corporation tax	64,896	63,324
Other creditors	2,592	7,052
Accruals and deferred income	14,896	8,179
	3,008,837	2,850,907

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.

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 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 is Ashcombe House 5 The Crescent, Leatherhead, Surrey, United Kingdom, KT22 8DY.
The ultimate controlling party is M.C. Annis by virtue of his 75% shareholding in Monte Carlo Parks Ltd.

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HAVENWOOD COUNTRY PARK LIMITED

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

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

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