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Company No: 03151957 (England and Wales)

# C.P. MIKULLA LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

C.P. MIKULLA LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

C.P. MIKULLA LIMITED

## BALANCE SHEET

As at 31 March 2025
C.P. MIKULLA LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 100,000 |  | 200,000
Tangible assets | 4 | 8,474,835 |  | 8,525,763
Investments | 5 | 1,000 |  | 1,000
|  | 8,575,835 |  | 8,726,763
Current assets |  |  |  |
Stocks |  | 553,715 |  | 611,740
Debtors |  |  |  |
- due within one year | 6 | 368,667 |  | 436,777
- due after more than one year | 6 | 209,750 |  | 209,750
Cash at bank and in hand |  | 9,959,658 |  | 8,139,033
|  | 11,091,790 |  | 9,397,300
Creditors: amounts falling due within one year | 7 | ( 3,948,853) |  | ( 3,453,101)
Net current assets |  | 7,142,937 |  | 5,944,199
Total assets less current liabilities |  | 15,718,772 |  | 14,670,962
Provision for liabilities |  | ( 65,621) |  | ( 67,745)
Net assets |  | 15,653,151 |  | 14,603,217
Capital and reserves |  |  |  |
Called-up share capital |  | 2,000 |  | 2,000
Profit and loss account |  | 15,651,151 |  | 14,601,217
Total shareholders' funds |  | 15,653,151 |  | 14,603,217

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of C.P. Mikulla Limited (registered number: 03151957) were approved and authorised for issue by the Director on 12 September 2025. They were signed on its behalf by:

C P Mikulla Director |

C.P. MIKULLA LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
C.P. MIKULLA LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

C.P. Mikulla Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mendip Spring Golf & Country Club, Honey Hall Lane, Congresbury, BS49 5JT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of caravans, commission earned on caravan sales, caravan holiday lets and provision of services provided to caravan owners including annual pitch fees. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
| not depreciated
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance
Computer equipment | 4 years straight line
Other property, plant and equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stocks are 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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 13 |  | 12

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 1,375,000 |  | 1,375,000
At 31 March 2025 | 1,375,000 |  | 1,375,000
Accumulated amortisation |  |  |
At 01 April 2024 | 1,175,000 |  | 1,175,000
Charge for the financial year | 100,000 |  | 100,000
At 31 March 2025 | 1,275,000 |  | 1,275,000
Net book value |  |  |
At 31 March 2025 | 100,000 |  | 100,000
At 31 March 2024 | 200,000 |  | 200,000

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Computer equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 8,531,982 |  | 288,612 |  | 133,000 |  | 1,804 |  | 220,611 |  | 9,176,009
Additions | 19,115 |  | 5,660 |  | 93,000 |  | 0 |  | 0 |  | 117,775
Disposals | 0 |  | ( 4,223) |  | ( 69,500) |  | 0 |  | ( 17,500) |  | ( 91,223)
At 31 March 2025 | 8,551,097 |  | 290,049 |  | 156,500 |  | 1,804 |  | 203,111 |  | 9,202,561
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 279,696 |  | 167,805 |  | 30,566 |  | 1,514 |  | 170,665 |  | 650,246
Charge for the financial year | 55,618 |  | 18,246 |  | 28,961 |  | 290 |  | 6,528 |  | 109,643
Impairment losses | 0 |  | 0 |  | 0 |  | 0 |  | 4,312 |  | 4,312
Disposals | 0 |  | ( 3,534) |  | ( 17,556) |  | 0 |  | ( 15,385) |  | ( 36,475)
At 31 March 2025 | 335,314 |  | 182,517 |  | 41,971 |  | 1,804 |  | 166,120 |  | 727,726
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 8,215,783 |  | 107,532 |  | 114,529 |  | 0 |  | 36,991 |  | 8,474,835
At 31 March 2024 | 8,252,286 |  | 120,807 |  | 102,434 |  | 290 |  | 49,946 |  | 8,525,763

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 1,000
At 31 March 2025 | 1,000
Carrying value at 31 March 2025 | 1,000
Carrying value at 31 March 2024 | 1,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 10,194 |  | 39,803
Prepayments | 58,473 |  | 96,974
Other debtors | 300,000 |  | 300,000
| 368,667 |  | 436,777
Debtors: amounts falling due after more than one year |  |  |
Amounts owed by connected companies | 209,750 |  | 209,750

Other debtors consists of an outstanding unsecured loan with an unconnected third party. The loan is on arm’s length commercial terms with a 10% interest rate.
Amounts owed by connected companies is an unsecured interest-free loan.

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 50,584 |  | 74,840
Amounts owed to own subsidiaries | 2,788,353 |  | 2,280,661
Amounts owed to director | 39,481 |  | 50,673
Accruals and deferred income | 807,906 |  | 834,112
Taxation and social security | 261,942 |  | 212,238
Other creditors | 587 |  | 577
| 3,948,853 |  | 3,453,101

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

#### 8. Related party transactions

Transactions with the entity's director

The Directors' loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 each at the official HMRC rates.
At 1 April 2024, the balance owed by the director was £nil. During the year, £59,937 was advanced to the director, and £59,937 was repaid by the director. At 31 March 2025, the balance owed by the director was £nil.
At 1 April 2023, the balance owed by the director was £nil. During the year, £3,272 was advanced to the director, and £3,272 was repaid by the director. At 31 March 2024, the balance owed by the director was £nil.