Company No: 03151957 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	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

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.