Company No: 05134781 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,498,029		2,476,623
		2,498,029		2,476,623
Current assets
Stocks		119,433		108,847
Debtors	5	499,164		617,413
Cash at bank and in hand		288,232		357,598
		906,829		1,083,858
Creditors: amounts falling due within one year	6	( 1,038,940)		( 847,293)
Net current (liabilities)/assets		(132,111)		236,565
Total assets less current liabilities		2,365,918		2,713,188
Creditors: amounts falling due after more than one year	7	( 602,501)		( 695,414)
Provision for liabilities		( 274,407)		( 273,587)
Net assets		1,489,010		1,744,187
Capital and reserves
Called-up share capital		10,000		10,000
Profit and loss account		1,479,010		1,734,187
Total shareholders' funds		1,489,010		1,744,187

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cotswold Farm Park Limited (registered number: 05134781) were approved and authorised for issue by the Board of Directors on 13 November 2025. They were signed on its behalf by:

Mr D Andrews Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cotswold Farm Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bemborough Farm, Guiting Power, Cheltenham, GL54 5UG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery	15 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		41

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	150,000		150,000
At 31 December 2024	150,000		150,000
Accumulated amortisation
At 01 January 2024	150,000		150,000
At 31 December 2024	150,000		150,000
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2024	2,630,675		545,901		114,591		528,051		3,819,218
Additions	138,549		31,693		60,760		32,694		263,696
Disposals	( 4,784)		0		( 35,700)		0		( 40,484)
At 31 December 2024	2,764,440		577,594		139,651		560,745		4,042,430
Accumulated depreciation
At 01 January 2024	637,691		302,422		55,118		347,364		1,342,595
Charge for the financial year	136,322		40,350		16,893		29,775		223,340
Disposals	( 418)		0		( 21,116)		0		( 21,534)
At 31 December 2024	773,595		342,772		50,895		377,139		1,544,401
Net book value
At 31 December 2024	1,990,845		234,822		88,756		183,606		2,498,029
At 31 December 2023	1,992,984		243,479		59,473		180,687		2,476,623

5. Debtors

	2024		2023
	£		£
Trade debtors	385,860		249,743
Amounts owed by Group undertakings	15,538		129,216
Prepayments and accrued income	95,401		238,454
Other debtors	2,365		0
	499,164		617,413

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	41,320		51,027
Trade creditors	433,113		228,766
Other loans	34,667		34,666
Accruals and deferred income	357,898		375,719
Taxation and social security	140,868		151,295
Obligations under finance leases and hire purchase contracts	16,179		4,950
Other creditors	14,895		870
	1,038,940		847,293

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	9,091		58,832
Other loans	348,666		383,333
Deferred income	235,779		252,442
Obligations under finance leases and hire purchase contracts	8,965		807
	602,501		695,414

The loan liabilities disclosed under creditors are secured against specific assets held by the company.

The HP liabilities disclosed under creditors are secured against the assets to which they relate.