Birch's Parks Limited (Formerly Birch's Park Homes Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03413692

Birch's Parks Limited (Formerly Birch's Park Homes Limited)

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Birch's Parks Limited (Formerly Birch's Park Homes Limited)

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	2,513,629	2,615,420
Investments	6	919,619	951,942
		------------	------------
		3,433,248	3,567,362

Current assets

Stocks and work in progress		6,267,246	6,851,401
Debtors	7	3,755,471	2,561,350
Cash at bank and in hand		2,775,389	4,001,859
		-------------	-------------
		12,798,106	13,414,610

Creditors: amounts falling due within one year	8	1,394,568		2,065,822
		-------------		-------------
Net current assets			11,403,538		11,348,788
			-------------		-------------
Total assets less current liabilities			14,836,786		14,916,150

Creditors: amounts falling due after more than one year	9		3,249,238		3,967,192

Provisions

Taxation including deferred tax	19,026	42,448
	-------------	-------------
Net assets	11,568,522	10,906,510
	-------------	-------------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	11,548,522	10,886,510
	-------------	-------------
Shareholders funds	11,568,522	10,906,510
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Birch's Parks Limited (Formerly Birch's Park Homes Limited)

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr C E Birch

Director

Company registration number: 03413692

Birch's Parks Limited (Formerly Birch's Park Homes Limited)

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bluebell Woods, Ely Road, Waterbeach, Cambridge, CB25 9NW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Revenue recognition

The turnover shown in the profit and loss account represents the sale of park homes, properties, commissions, pitch fees exclusive of Value Added Tax and discounts and the sale of cars. Park home sales and commission is recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation or when legal completion takes place. Pitch fees are recognised as they fall due. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	See below
Plant & machinery	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Land and buildings components are depreciated as follows: Land - Not depreciated Buildings - 4% straight line Static Homes - 5% straight line

Stocks

Stocks, which include park homes and properties for resale, are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price. Work in progress Speculative work in progress (park home site development) is valued on the basis of direct costs plus attributable overheads based on a normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included within the valuation of speculative work in progress.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 8 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	2,275,733	370,569	362,889	17,821	3,027,012
Additions	2,132	12,291	94,432	4,595	113,450
Disposals	–	( 5,710)	( 40,839)	( 8,908)	( 55,457)
	------------	---------	---------	--------	------------
At 31 December 2024	2,277,865	377,150	416,482	13,508	3,085,005
	------------	---------	---------	--------	------------
Depreciation
At 1 January 2024	73,656	269,576	55,928	12,432	411,592
Charge for the year	30,648	61,494	93,647	3,787	189,576
Disposals	–	( 5,710)	( 16,165)	( 7,917)	( 29,792)
	------------	---------	---------	--------	------------
At 31 December 2024	104,304	325,360	133,410	8,302	571,376
	------------	---------	---------	--------	------------
Carrying amount
At 31 December 2024	2,173,561	51,790	283,072	5,206	2,513,629
	------------	---------	---------	--------	------------
At 31 December 2023	2,202,077	100,993	306,961	5,389	2,615,420
	------------	---------	---------	--------	------------

Included within land and buildings above is land of £1,528,000 which is not depreciated (2023: £1,528,000).

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	951,942
Repayment of consideration	( 32,323)
	---------
At 31 December 2024	919,619
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	919,619
	---------
At 31 December 2023	951,942
	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	2,264	5,143
Other debtors	3,753,207	2,556,207
	------------	------------
	3,755,471	2,561,350
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	2,709,111	2,415,088
	------------	------------

Amounts falling due after more than one year are in respect of a loan to a company under common control. The interest due for the year 1 January 2024 to 31 December 2024 has been waived.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	517,219	455,096
Trade creditors	174,961	88,696
Amounts owed to group undertakings	10,190	10,190
Social security and other taxes	83,587	518,734
Other creditors	608,611	993,106
	------------	------------
	1,394,568	2,065,822
	------------	------------

The above bank loan liabilities disclosed under creditors falling due within one year are secured on the assets of the company.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	2,636,368	2,584,642
Other creditors	612,870	1,382,550
	------------	------------
	3,249,238	3,967,192
	------------	------------

The above bank loan liabilities disclosed under creditors falling due after more than one year are secured on the assets of the company.

10. Directors' advances, credits and guarantees

During the current year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances over £10,000. There are no repayment terms.

	2024	2023
	£	£
Advances	127,676	–
Repayments	127,676	–