REGISTERED NUMBER: 00691090 (England and Wales)

Ulrome Seaside Caravan Company Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Houghton

Mrs E M Wood

REGISTERED OFFICE:

East Farm

Ulrome

Skipsea

Driffield

East Yorkshire

YO25 8TT

REGISTERED NUMBER:

00691090 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

866,371

787,276

CURRENT ASSETS

Stocks

85,255

97,644

Debtors

5

1,524,515

4,800,981

Cash at bank and in hand

6,588,162

2,730,291

8,197,932

7,628,916

CREDITORS

Amounts falling due within one year

6

475,812

442,898

NET CURRENT ASSETS

7,722,120

7,186,018

TOTAL ASSETS LESS CURRENT LIABILITIES

8,588,491

7,973,294

PROVISIONS FOR LIABILITIES

24,511

7,777

NET ASSETS

8,563,980

7,965,517

CAPITAL AND RESERVES

Called up share capital

7

4,500

4,500

Retained earnings

8,559,480

7,961,017

SHAREHOLDERS' FUNDS

8,563,980

7,965,517

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

W M Houghton - Director

1.	STATUTORY INFORMATION

Ulrome Seaside 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.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can me measured reliably. This is usually at the point of sale.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land

- nil

Plant and machinery etc

- between 10% and 33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow- moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Employee benefits

When employees have rendered service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operated a defined contribution plan for the benefit of its employees. Contributions are expensed as the become payable.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

754,782

401,287

1,156,069

Additions

-

88,069

88,069

At 31 December 2024

754,782

489,356

1,244,138

DEPRECIATION

At 1 January 2024

-

368,793

368,793

Charge for year

-

8,974

8,974

At 31 December 2024

-

377,767

377,767

NET BOOK VALUE

At 31 December 2024

754,782

111,589

866,371

At 31 December 2023

754,782

32,494

787,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

28,169

10,742

Other debtors

1,496,346

4,790,239

1,524,515

4,800,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

10,105

16,922

Taxation and social security

183,736

141,003

Other creditors

281,971

284,973

475,812

442,898

7.	CALLED UP SHARE CAPITAL

The share capital of £4,500 (2023: £4,500) is allotted, called up and fully paid.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

W M Houghton

Balance outstanding at start of year

41,832

12,000

Amounts advanced

412,689

120,328

Amounts repaid

(90,156

)

(90,496

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

364,365

41,832

Interest on any overdrawn balance is charged at H.M. Revenue & Customs approved rates.

9.	RELATED PARTY DISCLOSURES

Included within other debtors at the balance sheet date are amount due from a shareholder of £Nil (2023: £3,627,810). Interest is charged at H.M. Revenue & Customs approved rates.

Included within other creditors at the balance sheet date are amounts due to directors of £207,592 (2023: £207,592).