REGISTERED NUMBER: 09499865 (England and Wales)

Jamie's Cragg Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P W Larkham

W H Larkham

T A Larkham

SECRETARY:

R P W Larkham

REGISTERED OFFICE:

Cowden Holiday Park

Main Road

Great Cowden

East Yorkshire

HU11 4UD

REGISTERED NUMBER:

09499865 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

BANKERS:

HSBC Bank Plc

3-4 Jameson Street

Hull

East Yorkshire

HU1 3JX

FIXED ASSETS

Tangible assets

4

1,935,859

1,939,482

CURRENT ASSETS

Stocks

117,980

165,677

Debtors

5

2,588,329

2,745,085

Cash at bank and in hand

574,912

660,672

3,281,221

3,571,434

CREDITORS

Amounts falling due within one year

6

342,335

555,105

NET CURRENT ASSETS

2,938,886

3,016,329

TOTAL ASSETS LESS CURRENT LIABILITIES

4,874,745

4,955,811

PROVISIONS FOR LIABILITIES

33,512

31,045

NET ASSETS

4,841,233

4,924,766

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

4,841,133

4,924,666

SHAREHOLDERS' FUNDS

4,841,233

4,924,766

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

R P W Larkham - Director

1.	STATUTORY INFORMATION

Jamie's Cragg 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.

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.

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

- 2% on cost (excluding land)

Plant and machinery etc

- 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.

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.

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 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

1,905,050

295,387

2,200,437

Additions

-

167,338

167,338

Disposals

-

(158,393

)

(158,393

)

At 31st December 2024

1,905,050

304,332

2,209,382

DEPRECIATION

At 1st January 2024

89,637

171,318

260,955

Charge for year

11,087

39,201

50,288

Eliminated on disposal

-

(37,720

)

(37,720

)

At 31st December 2024

100,724

172,799

273,523

NET BOOK VALUE

At 31st December 2024

1,804,326

131,533

1,935,859

At 31st December 2023

1,815,413

124,069

1,939,482

Included in cost of land and buildings is freehold land of £ 1,350,000 (2023 - £ 1,350,000 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,503

67,649

Amounts owed by group undertakings

2,578,303

2,674,427

Other debtors

8,523

3,009

2,588,329

2,745,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

16,167

96,350

Amounts owed to group undertakings

71,698

242,583

Taxation and social security

18,696

45,871

Other creditors

235,774

170,301

342,335

555,105

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

8.	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

9.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

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 £8,844,740 (2023: £4,283,465).

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE HOLDING COMPANY

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.