Ikerrin Limited - Filleted accounts

Registered number

08539556

Ikerrin Limited

Filleted Accounts

31 March 2025

Ikerrin Limited
Registered number:		08539556
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,243,121			1,240,359

Current assets
Stocks		1,388			1,898
Debtors	4	32,705			12,050
Cash at bank and in hand		483,539			538,320
		517,632			552,268

Creditors: amounts falling due within one year	5	(308,607)			(301,137)

Net current assets			209,025			251,131

Total assets less current liabilities			1,452,146			1,491,490


Provisions for liabilities			(4,365)			(3,598)


Net assets			1,447,781			1,487,892

Capital and reserves
Called up share capital			1,000			1,000
Share premium			1,048,102			1,048,102
Profit and loss account			398,679			438,790

Shareholders' funds			1,447,781			1,487,892

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G S Fairall
Director
Approved by the board on 9 October 2025

Ikerrin Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Buildings			2.0% straight line
	Plant & machinery			15.0% straight line
	Fixtures & fittings			12.5% straight line


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and equivalents
	Cash includes cash in hand, cash balances at bank end Sterling denominated specie at cost.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences that are of a material value between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					11		11


3	Tangible fixed assets
		Park land		Park buildings		Plant, machinery & fixtures		Total
£			£		£		£
	Cost
	At 1 April 2024	728,516		571,299		179,590		1,479,405
	Additions	-		-		36,550		36,550
	Disposals	-		-		(10,500)		(10,500)
	At 31 March 2025	728,516		571,299		205,640		1,505,455

	Depreciation
	At 1 April 2024	-		116,305		122,741		239,046
	Charge for the year	-		11,428		20,262		31,690
	On disposals	-		-		(8,402)		(8,402)
	At 31 March 2025	-		127,733		134,601		262,334

	Net book value
	At 31 March 2025	728,516		443,566		71,039		1,243,121
	At 31 March 2024	728,516		454,994		56,849		1,240,359




4	Debtors					2025		2024
£							£

	Other debtors					32,705		12,050


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					48,896		49,049
	Corporation tax					47,319		31,610
	Other taxes and social security costs					32,262		31,769
	Other creditors					180,130		188,709
						308,607		301,137


6	Controlling party

	The company is controlled by the directors.


7	Other information

	Ikerrin Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Tudor Caravan Park
	Sheperds Patch Slimbridge
	Gloucester
	Gloucs, England
	GL2 7BP