REGISTERED NUMBER: 00738046 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Corris Caravan Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Bull

Mrs S Travers

REGISTERED OFFICE:

Banks House

Paradise Street

Rhyl

Denbighshire

LL18 3LW

REGISTERED NUMBER:

00738046 (England and Wales)

ACCOUNTANTS:

J V Banks

Chartered Accountants

Banks House

Paradise Street

Rhyl

Denbighshire

LL18 3LW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,990,472

3,004,986

2,990,472

3,004,986

CURRENT ASSETS

Stocks

72,195

77,400

Debtors

6

6,668

9,281

Cash at bank

586,528

443,756

665,391

530,437

CREDITORS

Amounts falling due within one year

7

59,838

48,716

NET CURRENT ASSETS

605,553

481,721

TOTAL ASSETS LESS CURRENT LIABILITIES

3,596,025

3,486,707

PROVISIONS FOR LIABILITIES

633,069

636,670

NET ASSETS

2,962,956

2,850,037

CAPITAL AND RESERVES

Called up share capital

18,334

18,334

Revaluation reserve

9

2,143,241

2,146,491

Capital redemption reserve

3,666

3,666

Retained earnings

797,715

681,546

SHAREHOLDERS' FUNDS

2,962,956

2,850,037

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

G R Bull - Director

1.	STATUTORY INFORMATION

Corris Caravan Park 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,971

AMORTISATION

At 1 January 2024

and 31 December 2024

10,971

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

3,000,000

122,628

3,122,628

Additions

-

4,360

4,360

Disposals

-

(2,050

)

(2,050

)

At 31 December 2024

3,000,000

124,938

3,124,938

DEPRECIATION

At 1 January 2024

12,000

105,642

117,642

Charge for year

12,000

4,824

16,824

At 31 December 2024

24,000

110,466

134,466

NET BOOK VALUE

At 31 December 2024

2,976,000

14,472

2,990,472

At 31 December 2023

2,988,000

16,986

3,004,986

Included in cost or valuation of land and buildings is freehold land of £ 2,400,000 (2023 - £ 2,400,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1989

108,435

-

108,435

Valuation in 2017

594,242

-

594,242

Valuation in 2022

1,000,000

-

1,000,000

Valuation in 2023

1,000,000

-

1,000,000

Cost

297,323

124,938

422,261

3,000,000

124,938

3,124,938

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

297,323

297,323

Aggregate depreciation

88,543

82,793

Value of land in freehold land and buildings

9,722

9,722

Freehold land and buildings were valued on an open market basis on 20 September 2024 by Mr G R Bull, director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

2,074

Other debtors

6,668

7,207

6,668

9,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Payments on account

-

2,333

Taxation and social security

54,724

36,327

Other creditors

5,114

10,056

59,838

48,716

8.	SECURED DEBTS

HSBC Bank plc holds a legal charge dated 18 March 1986 over freehold land at Corris know as Corris Caravan Park Ltd in the parish of Llanwrin.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

2,146,491

Deferred tax on freehold

property revaluation

3,000

Reserve transfers

(6,250

)

At 31 December 2024

2,143,241