REGISTERED NUMBER: 00721612 (England and Wales)

Easington Caravan Sites Limited

Unaudited Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ambrose Larkham

Christene Margaret Larkham

Ambrose Amos Larkham

Arron Ainsley Larkham

William Henry Larkham

REGISTERED OFFICE:

Easington Beach

Easington

East Yorkshire

HU12 0TY

REGISTERED NUMBER:

00721612 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

729,550

713,316

CURRENT ASSETS

Stocks

562,111

535,543

Debtors

5

2,552,402

2,665,606

Cash at bank and in hand

327,047

437,619

3,441,560

3,638,768

CREDITORS

Amounts falling due within one year

6

2,183,503

2,348,372

NET CURRENT ASSETS

1,258,057

1,290,396

TOTAL ASSETS LESS CURRENT LIABILITIES

1,987,607

2,003,712

PROVISIONS FOR LIABILITIES

13,016

16,389

NET ASSETS

1,974,591

1,987,323

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

247,191

247,191

Capital redemption reserve

7,509

7,509

Retained earnings

1,719,791

1,732,523

SHAREHOLDERS' FUNDS

1,974,591

1,987,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 30th September 2025 and were signed on its behalf by:

Arron Ainsley Larkham - Director

1.	STATUTORY INFORMATION

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

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 and buildings

- 4% on cost (excluding land)

Plant and machinery etc

- 15% and 25% 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.

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.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Pension costs and other post-retirement 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 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 year was 22 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

820,438

598,329

1,418,767

Additions

20,771

78,339

99,110

Disposals

-

(116,579

)

(116,579

)

At 31st December 2024

841,209

560,089

1,401,298

DEPRECIATION

At 1st January 2024

282,063

423,388

705,451

Charge for year

9,487

67,414

76,901

Eliminated on disposal

-

(110,604

)

(110,604

)

At 31st December 2024

291,550

380,198

671,748

NET BOOK VALUE

At 31st December 2024

549,659

179,891

729,550

At 31st December 2023

538,375

174,941

713,316

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

142,657

128,577

Amounts owed by related parties

2,370,858

2,515,045

Other debtors

38,887

21,984

2,552,402

2,665,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

47,725

64,010

Amounts owed to group undertakings

1,322,454

1,289,087

Taxation and social security

100,591

165,442

Other creditors

712,733

829,833

2,183,503

2,348,372

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Shares

£1

100

100

8.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

There is an unlimited cross guarantee between the company and a related party in relation to secured bank borrowings. The amount of this guarantee, which is not included in the balance sheet, was £1,228,044 (2023: £1,481,898).

9.	OTHER FINANCIAL COMMITMENTS

Total commitments under non-cancellable operating leases not provided for in the accounts amounted to £49,680 (2023: £3,047).

The company operates a defined contribution pension scheme for its employees. Included in other creditors are unpaid amounts due to the fund totalling £1,270 (2023: £1,245).

10.	RELATED PARTY DISCLOSURES

Transactions with directors

2024

2023

£

£

Amount due to directors

256,932

240,524