REGISTERED NUMBER: 00394381 (England and Wales)

Orchard Farm Holiday Park Limited

Financial Statements for the Period 22nd March 2024 to 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P W Larkham

T A Larkham

W H Larkham

REGISTERED OFFICE:

Orchard House Farm

143 Stonegate

Hunmanby

Filey

North Yorkshire

YO14 0PU

REGISTERED NUMBER:

00394381 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

928,957

774,933

928,957

774,933

CURRENT ASSETS

Stocks

54,975

56,104

Debtors

6

115,822

23,979

Cash at bank and in hand

206,534

181,338

377,331

261,421

CREDITORS

Amounts falling due within one year

7

447,964

170,277

NET CURRENT (LIABILITIES)/ASSETS

(70,633

)

91,144

TOTAL ASSETS LESS CURRENT LIABILITIES

858,324

866,077

PROVISIONS FOR LIABILITIES

25,111

21,372

NET ASSETS

833,213

844,705

CAPITAL AND RESERVES

Called up share capital

8

2,703

2,703

Retained earnings

830,510

842,002

SHAREHOLDERS' FUNDS

833,213

844,705

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 29th September 2025 and were signed on its behalf by:

R P W Larkham - Director

1.	STATUTORY INFORMATION

Orchard Farm Holiday 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.

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.

Going Concern

The financial statements have been prepared on a going concern basis. At 31 December 2024 the company had net current liabilities of £70,633. The company is a wholly owned subsidiary of Larkham Leisure Limited and benefits from the ongoing financial support of the wider group. The holding company has confirmed that it will continue to support the company for at least 12 months from the date of approval of these financial statements. Taking this support into account, together with the company's forecast trading and access to group banking facilities, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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 be measured reliably. This is usually on dispatch of the goods.

Sales of services

Turnover from the sale of services is is recognised on a straight line basis over the contract period.

Owners pay their pitch licence fees in exchange for the use of the holiday park and its facilities, and

therefore the performance obligation is delivered over the life of the contract.

Goodwill

Goodwill arising on the acquistion of an entity represents the excess of the cost of acquisition over the Company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life can not be made.

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

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 and buildings - 4% on cost (excluding land)

Plant and machinery etc - 15% and 25% of reducing balance

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.

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 period 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 profit or loss in the period to which they relate.

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 the service.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 22nd March 2024

and 31st December 2024

100,144

AMORTISATION

At 22nd March 2024

and 31st December 2024

100,144

NET BOOK VALUE

At 31st December 2024

-

At 21st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 22nd March 2024

1,098,786

237,209

1,335,995

Additions

155,578

25,508

181,086

At 31st December 2024

1,254,364

262,717

1,517,081

DEPRECIATION

At 22nd March 2024

375,794

185,268

561,062

Charge for period

17,674

9,388

27,062

At 31st December 2024

393,468

194,656

588,124

NET BOOK VALUE

At 31st December 2024

860,896

68,061

928,957

At 21st March 2024

722,992

51,941

774,933

Included in cost of land and buildings is freehold land of £ 722,992 (2024 - £ 722,992 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

87,854

5,131

Amounts owed by group undertakings

24,494

-

Other debtors

-

9,362

Prepayments

3,474

9,486

115,822

23,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

90,763

1,926

Amounts owed to group undertakings

44,511

-

Taxation and social security

43,595

13,748

Other creditors

269,095

154,603

447,964

170,277

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2024

value:

£

£

2,703

Ordinary

1

2,703

2,703

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Dearing BSc FCCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

10.	CONTINGENT LIABILITIES

There is a joint and several guarantee entered into between group companies in relation to bank

borrowings of the group. The amount of these guarantees which are not included in the balance sheet amounted to £8,476,362 (2024: NIL).

11.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £7,866 (2024 - £11,970).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Transactions with directors

At the year end, the amount due to the Company by the directors was NIL (2024: £(9,362)). The amount is unsecured, interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Larkham Leisure Limited, a company incorporated in the UK. Larkham Leisure Limited is the smallest and largest group in which the company's results are consolidated.