REGISTERED NUMBER: 00565363 (England and Wales)

BARHAM CARAVAN COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

G B Hawkins

Mrs D R Hawkins

Mrs D S Gibson

A N Reynolds

SECRETARY:

Mrs D R Hawkins

REGISTERED OFFICE:

Skegness Sands

Roman Bank

Skegness

Lincolnshire

PE25 1QZ

REGISTERED NUMBER:

00565363 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

SOLICITORS:

Ashton Bond Gigg

Pearl Assurance House

Friar Lane

Nottingham

NG1 6BX

FIXED ASSETS

Tangible assets

4

4,020,326

3,955,262

CURRENT ASSETS

Stocks

527,791

614,664

Debtors

5

202,073

161,714

Cash at bank and in hand

3,329,652

2,905,451

4,059,516

3,681,829

CREDITORS

Amounts falling due within one year

6

1,542,565

1,410,783

NET CURRENT ASSETS

2,516,951

2,271,046

TOTAL ASSETS LESS CURRENT LIABILITIES

6,537,277

6,226,308

PROVISIONS FOR LIABILITIES

14,150

14,963

NET ASSETS

6,523,127

6,211,345

CAPITAL AND RESERVES

Called up share capital

8

12,250

12,250

Share premium

2,250

2,250

Revaluation reserve

301,082

301,082

Retained earnings

6,207,545

5,895,763

SHAREHOLDERS' FUNDS

6,523,127

6,211,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

G B Hawkins - Director

Mrs D R Hawkins - Director

1.	STATUTORY INFORMATION

Barham Caravan Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, Straight line over 20 years and Straight line over the term of the lease

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price, less further costs expected to be incurred to completion and disposal. Provision is made of obsolete and slow moving stock.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

3,033,622

4,553,453

7,587,075

Additions

-

344,540

344,540

Disposals

-

(268,139

)

(268,139

)

At 31 December 2024

3,033,622

4,629,854

7,663,476

DEPRECIATION

At 1 January 2024

-

3,631,813

3,631,813

Charge for year

-

153,380

153,380

Eliminated on disposal

-

(142,043

)

(142,043

)

At 31 December 2024

-

3,643,150

3,643,150

NET BOOK VALUE

At 31 December 2024

3,033,622

986,704

4,020,326

At 31 December 2023

3,033,622

921,640

3,955,262

Included in cost of land and buildings is freehold land of £ 3,033,622 (2023 - £ 3,033,622 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

87,488

64,509

Other debtors

114,585

97,205

202,073

161,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

97,258

136,160

Taxation and social security

294,629

328,933

Other creditors

1,150,678

945,690

1,542,565

1,410,783

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

174,000

168,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

12,250

Ordinary

£1

12,250

12,250