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Registered number: 04079406 COUNTRY HOLIDAY PARKS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
COUNTRY HOLIDAY PARKS LIMITED REGISTERED NUMBER: 04079406 BALANCE SHEET AS AT 31 JANUARY 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 9,065,426 |  | 9,069,528
|  |  | 9,065,426 |  | 9,069,528
Current assets |  |  |  |  |
Stocks | 5 | 227,991 |  | 291,998 |
Debtors: amounts falling due within one year | 6 | 1,258,742 |  | 237,250 |
Cash at bank and in hand |  | 586,001 |  | 579,490 |
|  | 2,072,734 |  | 1,108,738 |
Creditors: amounts falling due within one year | 7 | (1,377,201) |  | (1,035,116) |
Net current assets |  |  | 695,533 |  | 73,622
Total assets less current liabilities |  |  | 9,760,959 |  | 9,143,150
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (1,582,251) |  | (1,580,887) |
|  |  | (1,582,251) |  | (1,580,887)
Net assets |  |  | 8,178,708 |  | 7,562,263
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1 |  | 1
Revaluation reserve |  |  | 5,154,178 |  | 5,154,178
Profit and loss account |  |  | 3,024,529 |  | 2,408,084
|  |  | 8,178,708 |  | 7,562,263
Page 1
COUNTRY HOLIDAY PARKS LIMITED REGISTERED NUMBER: 04079406 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. 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 15 September 2025.
................................................ Mr M P J McCarthy
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Country Holiday Parks Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is UK Leisure Group Head Office, Six Arches Caravan Park, Station Lane, Scorton, Garstang, England, PR3 1AL. The principal activity of the Company continued to be that of a holiday park. The Company is part of the UK Leisure Parks Limited Group. 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 Company's functional and presentational currency is Pounds sterling. The level of rounding is to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The Directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading and support from companies under common control for a period of at least twelve months from the date of approval of these financial statements to enable the Company to meet its liabilities as they arise. The financial statements do not include any adjustments that would result from the withdrawal of this support.
| 2.3 | 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. The following criteria must also be met before turnover is recognised: Sales of caravans Income is recognised when the risk and reward of ownership is transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place. Other income All other income is recognised on an accruals basis in the period to which it relates.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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. 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 balance sheet date.
| 2.8 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence. Page 4
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.9 | 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% reducing balance
|  |  |  | Motor vehicles | - | 20% reducing balance
|  |  |  | Office equipment | - | 25% 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 maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material, and therefore is not charged to the profit and loss account.
| 2.10 | 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 balance sheet 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.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads. At each balance sheet 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. Page 5
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | 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 objectives evidence of impairment is found an impairment loss is recognised in the Statement of Comprehensive Income.
3. | Employees
| The average monthly number of employees, including directors, during the year was 16 (2024 - 30).
Page 6
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 February 2024 | 9,000,000 | 554,127 | 20,250 | - | 9,574,377
| Additions | - | 8,000 | - | 3,082 | 11,082
| At 31 January 2025 | 9,000,000 | 562,127 | 20,250 | 3,082 | 9,585,459
| Depreciation |  |  |  |  |
| At 1 February 2024 | - | 485,994 | 18,856 | - | 504,850
| Charge for the year on owned assets | - | 14,560 | 279 | 344 | 15,183
| At 31 January 2025 | - | 500,554 | 19,135 | 344 | 520,033
| Net book value |  |  |  |  |
| At 31 January 2025 | 9,000,000 | 61,573 | 1,115 | 2,738 | 9,065,426
| At 31 January 2024 | 9,000,000 | 68,133 | 1,394 | - | 9,069,527
Cost or valuation at 31 January 2025 is as follows:
|  |  | Land and buildings
|  |  | £
|  | At cost | 1,633,375
|  | At valuation: |
|  | February 2023 | 7,366,625
|  |  | 9,000,000
| The freehold property was valued by Savills in February 2023, the Directors have adopted the valuation from 31 January 2024.
| 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 | 1,633,375 | 1,633,375
| Net book value | 1,633,375 | 1,633,375
Page 7
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Stock | 227,991 | 291,998
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 52,218 | 184,844
| Amounts owed by group undertakings | 413,388 | 1,961
| Amounts owed by companies under common control | 737,574 | 23,800
| Other debtors | 43,275 | 16,312
| Prepayments and accrued income | 12,287 | 10,333
|  | 1,258,742 | 237,250
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 94,137 | 36,816
| Amounts owed to group undertakings | - | 65,288
| Amounts owed to companies under common control | 410,887 | 173,683
| Corporation tax | 163,217 | 33,741
| Other creditors | 2,561 | 4,000
| Accruals and deferred income | 706,399 | 721,588
|  | 1,377,201 | 1,035,116
Page 8
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (1,580,887)
| Charged to profit or loss | (1,364)
| At end of year | (1,582,251)
| The provision for deferred taxation is made up as follows:
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 12,532 | 14,130
| Pension surplus | 234 | -
| Revaluation | (1,595,017) | (1,595,017)
|  | (1,582,251) | (1,580,887)
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) ordinary share of £1.00 | 1 | 1
10. | Prior year adjustment
A reclassification has been made to prior year expenses, previously presented as administrative expenses, which are now recognised as cost of sales. The adjustment has no impact on previously reported profit. A prior year adjustment has been made to recognise a revaluation uplift of £6,749,195 with deferred tax of £1,595,017, this adjustment has been recognised in Other Comprehensive Income within the Statement of Comprehensive Income. Depreciation brought forward of £48,702 has been reversed at the point of revaluation, this has been recognised as an exceptional item within administrative expenses.
11. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,132 (2024 - £4,703) . Contributions totalling £2,500 (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors. Page 9
COUNTRY HOLIDAY PARKS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
12. | Related party transactions
| During the year the Company continued to operate loans with group companies, the amounts owed from group companies at the year end is £413,388 (2024 - £63,327 owed to group companies), the balances are interest free and repayable on demand. During the year, the Company incurred mangement charges from companies under common control of £29,000 (2024 - £125,000). This transaction was made at arms length. During the year, the Company continued to operate loans with companies under common control, the amounts owed by companies under common control at the year end is £326,687 (2024 - £149,883 owed to companies under common control). The balances are interest free and repayable on demand. During the year, the Company continued to operate loans with Directors, the amount receivable from the Directors amounts to £22,850 (2024 - £4,000 owed to the Directors), this balance is repayable on demand. Interest of £184 (2024 - £Nil) has been charged on the overdrawn loan accounts. The loans were paid in full within 9 months of the year end.
13. | Controlling party
The Company's parent undertaking is T G Cottam Limited. The controlling party is UK Leisure Parks Limited. The ultimate controlling parties are M P McCarthy and K A McCarthy by virtue of their 100% controlling interest in UK Leisure Parks Limited.
Page 10