Company registration number 01144927 (England and Wales)
HARFORD BRIDGE PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
HARFORD BRIDGE PARK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
HARFORD BRIDGE PARK LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,983,073
971,926
Current assets
Stocks
43,693
80,209
Debtors
6
108,263
151,811
Cash at bank and in hand
105,835
136,988
257,791
369,008
Creditors: amounts falling due within one year
7
(331,039)
(417,979)
Net current liabilities
(73,248)
(48,971)
Total assets less current liabilities
2,909,825
922,955
Creditors: amounts falling due after more than one year
8
(113,647)
(116,469)
Provisions for liabilities
(537,257)
(66,723)
Net assets
2,258,921
739,763
Capital and reserves
Called up share capital
100
100
Revaluation reserve
1,556,571
-
0
Profit and loss reserves
702,250
739,663
Total equity
2,258,921
739,763

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HARFORD BRIDGE PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 October 2025 and are signed on its behalf by:
Mr P Williamson
Mr N Williamson
Director
Director
Mrs L Pattison
Miss H J Williamson
Director
Director
HARFORD BRIDGE PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 3 -
1
Change in accounting policy

In the current year, the following new accounting policies have been adopted by the company and have an effect on the current period or a prior period or may have an effect on future periods:

Freehold property is to be treated under the revaluation method rather than the historical cost convention, being cost, less residual value, less depreciation.

The policy has been applied as it is deemed to provide a more reliable measurement of the freehold which is predominently land.

No adjustment has been made for the prior period presented, nor the aggregate periods before due to the absence of a formal valuation in previous years. The current adjustment is an increase in other comprehensive income of £2,032,636 with a corresponding entry to the revaluation reserve. Additionally deferred tax has been accounted for of £516,029.

2
Accounting policies
Company information

Harford Bridge Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is Harford Bridge Holiday Park, Peter Tavy, Tavistock, Devon, United Kingdom, PL19 9LS.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3
Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses where cost includes expenditure that is directly attributable to bringing the asset to the location and condition for necessary use.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
4% per annum straight line, 5% per annum straight line or 10% per annum straight line
Plant and machinery
15% per annum reducing balance
Fixtures and fittings
20% per annum reducing balance
Motor vehicles
20% per annum reducing balance
Caravans, pods and tipis
10% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

HARFORD BRIDGE PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
2
Accounting policies
(Continued)
- 4 -

Freehold property is to be held under the revaluation model and carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value with revaluations occuring 5 yearly.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss es are recognised in profit or loss.

2.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax liabilities are generally recognised for all material timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Timing differences arise from the inclusion of income and expenses in the tax assessment periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted of substantively enacted by the year 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.

2.6
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.

2.7
Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

HARFORD BRIDGE PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
2
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

3
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
11
HARFORD BRIDGE PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
5
Tangible fixed assets
Freehold land and buildings
Improvements to property
Plant and machinery
Fixtures and fittings
Motor vehicles
Caravans, pods and tipis
Total
£
£
£
£
£
£
£
Cost or valuation
At 1 March 2024
475,334
341,408
376,542
54,129
6,495
341,341
1,595,249
Additions
4,639
-
0
18,129
3,010
-
0
48,585
74,363
Disposals
-
0
(6,661)
-
0
-
0
-
0
(22,311)
(28,972)
Revaluation
2,032,636
-
0
-
0
-
0
-
0
-
0
2,032,636
Transfers
334,747
(334,747)
-
0
-
0
-
0
-
0
-
0
At 28 February 2025
2,847,356
-
0
394,671
57,139
6,495
367,615
3,673,276
Depreciation and impairment
At 1 March 2024
-
0
198,292
255,849
48,524
1,471
119,187
623,323
Depreciation charged in the year
-
0
24,063
19,745
1,028
1,005
37,417
83,258
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
-
0
(16,378)
(16,378)
Transfers
222,355
(222,355)
-
0
-
0
-
0
-
0
-
0
At 28 February 2025
222,355
-
0
275,594
49,552
2,476
140,226
690,203
Carrying amount
At 28 February 2025
2,625,001
-
0
119,077
7,587
4,019
227,389
2,983,073
At 29 February 2024
475,334
143,116
120,693
5,605
5,024
222,154
971,926
HARFORD BRIDGE PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
5
Tangible fixed assets
(Continued)
- 7 -

Land and buildings (including the incorporated improvements) with a carrying amount of £592,365 have been revalued by the directors with reference to a valuation undertaken in January 2025 by Sanderson Weatherall, independent valuers not connected with the company on the basis of market value. The valuation has been prepared in accordance with the RICS Valuation - Global Standard (January 2022), published by the Royal Institution of Chartered Surveyors ("RICS") ("the Red Book") and the IVSC International Valuation Standards (IVS).

If freehold property was measured using the cost model, the carrying amounts would have been approximately £481,012 (2024 - £475,334), being cost £481,012 (2024 - £475,334) and depreciation £nil (2024 - £nil). Under the cost model the applicable depreciation policy for property less residual cost is 2% straight line and 0% on land. Improvements to property, which have been transferred as part of the revaluation, would have had the carrying amount of £112,392 (2024 - £143,116), being cost £334,747 (2024 - £341,408) and depreciation £222,355 (2024 - £198,292).

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
105,739
104,354
Other debtors
2,524
47,457
108,263
151,811
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
30,595
39,519
Trade creditors
9,794
118,326
Taxation and social security
40,890
29,079
Other creditors
249,760
231,055
331,039
417,979

Included within other creditors are prepaid site fees and deposits received in advance of £217,311 (202 4 - £203,481) that relate to the following season.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
65,156
91,039
Other creditors
48,491
25,430
113,647
116,469
HARFORD BRIDGE PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 8 -
9
Secured liabilities

Security in favour of Lloyds exists on all liabilities due to the bank.

Also included within other creditors are liabilities under finance leases totalling £25,581 (2024 - £46,074) which is secured over plant and machinery held in fixed assets.

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