REGISTERED NUMBER: SC245575 (Scotland)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31st December 2024

for

Border Caravans Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

to

5

Consolidated Income Statement

6

Consolidated Other Comprehensive Income

7

Consolidated Balance Sheet

8

Company Balance Sheet

9

Consolidated Statement of Changes in Equity

10

Company Statement of Changes in Equity

11

Consolidated Cash Flow Statement

12

Notes to the Consolidated Cash Flow Statement

13

to

14

Notes to the Consolidated Financial Statements

15

to

25

DIRECTORS:

B Wetherley

Mrs J Wetherley

K P Taylor

P B R Taylor

Mrs S J Taylor

N E Carlyle

D A Gifford

S A MacDonald

REGISTERED OFFICE:

c/o Farries, Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DG1 3SJ

REGISTERED NUMBER:

SC245575 (Scotland)

AUDITORS:

Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

BANKERS:

HSBC Bank plc

189 - 191 High Street

Gosforth

Newcastle upon Tyne

NE3 1HE

SOLICITORS:

Walker & Sharpe

37 George Street

Dumfries

DG1 1EB

The directors present their strategic report of the company and the group for the year ended 31st December 2024.

Border Caravans Limited is the parent company in a leisure industry group specialising in caravan and lodge parks. The company itself trades in caravans but makes most of its sales within the group.

There are four subsidiary companies within the group, all of which are different trading caravan parks. Portzim Limited, Westlands Country Park Limited, Riverside Caravan Park (Hawick) Limited and Mouswald Park Limited are the other companies. Portzim was the first to become part of the group in 2003 and was followed soon after by Riverside. Mouswald Park became the third trading park and Westlands Country Park became the 4th when it opened in 2021. The group also operates, a golf course, Shooting Range and Fishing.

The directors believe that, based in the Scottish Borders and Dumfrieshire, the company is well placed to service their customers looking for shot term leisure breaks without leaving the UK. The extensive experience that both they and their staff have in the industry is to the benefit of both the company and its customers.

REVIEW OF BUSINESS

The directors are satisfied with the results. The group has had a successful year of trade. Turnover rose from £11.1m to £11.7m and gross profit has increased from £6.9m to £7.0m. Gross profit percentage has reduced from 61.9% to 59.9%. Bottom line profits before tax have risen from £561k to £724k.

Key Performance Indicators (KPI's)

Given the straightforward nature of the business, the directors are of the opinion that there are no additional KPI's other than the measures of turnover and gross profit reported above that are necessary for an understanding of the development, performance or position of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the company are considered to relate to competition from both national and independent machinery dealers, employee retention and product availability.

Financial risk management

The company's operations expose it to financial risk. A variety of financial risks exist including credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Credit risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to any individual is subject to a limit which can only be reassessed by a director.

Liquidity risk

The company requires debt finance to ensure there are sufficient available funds for operations.

Interest rate risk

The company has interest bearing liabilities including a bank loan. The amount of interest charged on these liabilities is not sufficient to significantly affect company operations.

ON BEHALF OF THE BOARD:

Mrs S J Taylor - Director

5th November 2025

The directors present their report with the financial statements of the company and the group for the year ended 31st December 2024.

DIVIDENDS

The total distribution of dividends for the year ended 31st December 2024 will be £ 450,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

B Wetherley

Mrs J Wetherley

K P Taylor

P B R Taylor

Mrs S J Taylor

N E Carlyle

D A Gifford

S A MacDonald

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Farries, Kirk & McVean, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs S J Taylor - Director

5th November 2025

Opinion

We have audited the financial statements of Border Caravans Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st December 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- we have assessed the susceptibility of the company's financial statements to material misstatement as being low risk. The directors are very involved in the day to day management of the business and have a focus on controls to address potential fraud and error.

- with one exception, the nature of the company's activities are not significantly regulated. We have discussed the legal and regulatory framework the company operates under with the directors. This has enabled us to gain an understanding of those laws and regulations that are applicable to the company and the procedures they operate to ensure compliance. We have paid particular attention to the one area of significant regulation.

- we have obtained an understanding of the company's policies and procedures on fraud risk through two way communication with the management and have no knowledge of any actual, suspected or alleged fraud.

- the Senior Statutory Auditor is satisfied that the engagement audit staff were competent to and capable of recognising non-compliance with laws and regulation. No details of any non-compliance were communicated to us and no such potential instances were noted during the audit process.

We have reached these conclusions following enquiries made of those charged with governance and senior staff and following audit testing procedures and review of financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Rodney Palmer, BA, CA (Senior Statutory Auditor)

for and on behalf of Farries, Kirk & McVean

Chartered Accountants

Statutory Auditors

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

5th November 2025

TURNOVER

11,693,729

11,134,012

Cost of sales

(4,688,727

)

(4,246,678

)

GROSS PROFIT

7,005,002

6,887,334

Distribution costs

(19,695

)

(24,091

)

Administrative expenses

(5,864,421

)

(5,948,553

)

1,120,886

914,690

Other operating income

3,333

74,000

OPERATING PROFIT

4

1,124,219

988,690

Interest payable and similar expenses

5

(400,421

)

(427,490

)

PROFIT BEFORE TAXATION

723,798

561,200

Tax on profit

6

(127,948

)

(137,409

)

PROFIT FOR THE FINANCIAL YEAR

595,850

423,791

Profit attributable to:

Owners of the parent

595,850

423,791

PROFIT FOR THE YEAR

595,850

423,791

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

595,850

423,791

Total comprehensive income attributable to:

Owners of the parent

595,850

423,791

FIXED ASSETS

Tangible assets

9

10,731,074

10,723,360

Investments

10

-

-

10,731,074

10,723,360

CURRENT ASSETS

Stocks

11

6,672,248

6,510,265

Debtors

12

712,563

244,307

Cash in hand

27,480

14,142

7,412,291

6,768,714

CREDITORS

Amounts falling due within one year

13

(4,996,888

)

(4,277,956

)

NET CURRENT ASSETS

2,415,403

2,490,758

TOTAL ASSETS LESS CURRENT LIABILITIES

13,146,477

13,214,118

CREDITORS

Amounts falling due after more than one year

14

(4,493,694

)

(4,702,950

)

PROVISIONS FOR LIABILITIES

18

(541,024

)

(545,259

)

NET ASSETS

8,111,759

7,965,909

CAPITAL AND RESERVES

Called up share capital

19

650,000

650,000

Retained earnings

20

7,461,759

7,315,909

SHAREHOLDERS' FUNDS

8,111,759

7,965,909

The financial statements were approved by the Board of Directors and authorised for issue on 5th November 2025 and were signed on its behalf by:

Mrs S J Taylor - Director

FIXED ASSETS

Tangible assets

9

-

-

Investments

10

2,588,631

2,588,631

2,588,631

2,588,631

CURRENT ASSETS

Stocks

11

2,754,640

2,575,279

Debtors

12

3,374,643

3,184,910

6,129,283

5,760,189

CREDITORS

Amounts falling due within one year

13

(4,006,399

)

(3,364,121

)

NET CURRENT ASSETS

2,122,884

2,396,068

TOTAL ASSETS LESS CURRENT LIABILITIES

4,711,515

4,984,699

CREDITORS

Amounts falling due after more than one year

14

(1,551,892

)

(1,457,397

)

NET ASSETS

3,159,623

3,527,302

CAPITAL AND RESERVES

Called up share capital

19

650,000

650,000

Retained earnings

2,509,623

2,877,302

SHAREHOLDERS' FUNDS

3,159,623

3,527,302

Company's profit for the financial year

82,321

232,338

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

The financial statements were approved by the Board of Directors and authorised for issue on 5th November 2025 and were signed on its behalf by:

Mrs S J Taylor - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

650,000

7,000,118

7,650,118

Changes in equity

Dividends

-

(108,000

)

(108,000

)

Total comprehensive income

-

423,791

423,791

Balance at 31st December 2023

650,000

7,315,909

7,965,909

Changes in equity

Dividends

-

(450,000

)

(450,000

)

Total comprehensive income

-

595,850

595,850

Balance at 31st December 2024

650,000

7,461,759

8,111,759

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

650,000

2,752,964

3,402,964

Changes in equity

Dividends

-

(108,000

)

(108,000

)

Total comprehensive income

-

232,338

232,338

Balance at 31st December 2023

650,000

2,877,302

3,527,302

Changes in equity

Dividends

-

(450,000

)

(450,000

)

Total comprehensive income

-

82,321

82,321

Balance at 31st December 2024

650,000

2,509,623

3,159,623

Cash flows from operating activities

Cash generated from operations

1

886,968

1,179,008

Interest paid

(371,588

)

(400,221

)

Interest element of hire purchase payments paid

(28,833

)

(27,269

)

Tax paid

(132,682

)

(79,797

)

Net cash from operating activities

353,865

671,721

Cash flows from investing activities

Purchase of tangible fixed assets

(376,996

)

(129,163

)

Sale of tangible fixed assets

36,000

-

Net cash from investing activities

(340,996

)

(129,163

)

Cash flows from financing activities

Loan repayments in year

(346,040

)

(338,550

)

Movement in group loans

(421,234

)

-

Capital repayments in year

90,421

(237,185

)

Amount withdrawn by directors

598,268

67,312

Equity dividends paid

(450,000

)

(108,000

)

Net cash from financing activities

(528,585

)

(616,423

)

Decrease in cash and cash equivalents

(515,716

)

(73,865

)

Cash and cash equivalents at beginning of year

2

(946,025

)

(872,160

)

Cash and cash equivalents at end of year

2

(1,461,741

)

(946,025

)

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

723,798

561,200

Depreciation charges

364,843

391,661

Profit on disposal of fixed assets

(10,815

)

-

Finance costs

400,421

427,490

1,478,247

1,380,351

Increase in stocks

(161,983

)

(531,415

)

Increase in trade and other debtors

(47,022

)

(8,667

)

(Decrease)/increase in trade and other creditors

(382,274

)

338,739

Cash generated from operations

886,968

1,179,008

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

27,480

14,142

Bank overdrafts

(1,489,221

)

(960,167

)

(1,461,741

)

(946,025

)

Year ended 31st December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

14,142

52,824

Bank overdrafts

(960,167

)

(924,984

)

(946,025

)

(872,160

)

3.	ANALYSIS OF CHANGES IN NET DEBT

Other

non-cash

At 1.1.24

Cash flow

changes

At 31.12.24

£

£

£

£

Net cash

Cash at bank

and in hand

14,142

13,338

27,480

Bank overdrafts

(960,167

)

(529,054

)

(1,489,221

)

(946,025

)

(515,716

)

(1,461,741

)

Debt

Finance leases

(394,745

)

(90,421

)

-

(505,912

)

Debts falling due

within 1 year

(363,000

)

15,633

-

(347,367

)

Debts falling due

after 1 year

(4,472,036

)

330,407

-

(4,141,629

)

(5,229,781

)

255,619

-

(4,994,908

)

Total

(6,175,806

)

(260,097

)

-

(6,456,649

)

1.	STATUTORY INFORMATION

Border Caravans Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net income from the company's activities, excluding Value Added Tax.

Turnover includes all caravan sales, pitch fees, holiday lets, golf course fees, shooting income, fishing income and sales from the shops and bar and other related park income..

Turnover does not include specific grants or insurance claims which are defined as 'Other Operating Income'.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

1% on reducing balance

Improvements to property

-

1% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings

Interest bearing borrowings are initially recorded at transaction price, net of transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment.

Interest expense is recognised on the basis of the effective interest rate method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

2,267,833

2,302,403

Social security costs

182,333

179,145

Other pension costs

33,947

33,207

2,484,113

2,514,755

The average number of employees during the year was as follows:

2024

2023

Directors

8

8

Other park employees

98

95

106

103