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.

The 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.

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.

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.

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.

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.

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:

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.

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 losses are recognised in profit or loss.

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.

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 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.

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.

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.

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 leases asset are consumed.

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.

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

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).

Included within other creditors are prepaid site fees and deposits received in advance of £217,311 (2024 - £203,481) that relate to the following season.

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.