REGISTERED NUMBER: 02788369 (England and Wales)

Springvale Mobile Home Park Ltd

Unaudited Financial Statements for the Year Ended 31 May 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

R P Stevenson

Mrs R E Stevenson

C Stevenson

Secretary:

Mrs R E Stevenson

Registered office:

Pockthorpe Loke

Barnham Broom

Norwich

Norfolk

NR9 4BF

Registered number:

02788369 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

1,193,566

1,083,612

Investments

5

469,963

477,772

1,663,529

1,561,384

Current assets

Stocks

1,891

1,978

Debtors

6

116,475

128,291

Cash at bank and in hand

164,713

268,912

283,079

399,181

Creditors

Amounts falling due within one year

7

199,125

179,311

Net current assets

83,954

219,870

Total assets less current liabilities

1,747,483

1,781,254

Provisions for liabilities

166,193

145,584

Net assets

1,581,290

1,635,670

Capital and reserves

Called up share capital

100

100

Other reserves

637,699

637,699

Retained earnings

943,491

997,871

Shareholders' funds

1,581,290

1,635,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

C Stevenson - Director

1.	Statutory information

Springvale Mobile Home Park Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor Vehicles

-

20% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-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.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

4.	Tangible fixed assets

Caravans

Freehold

Plant and

and

Motor

property

machinery

fittings

Vehicles

Totals

£

£

£

£

£

Cost

At 1 June 2024

990,000

104,394

211,411

76,500

1,382,305

Additions

-

940

166,314

-

167,254

Disposals

-

-

(11,500

)

-

(11,500

)

At 31 May 2025

990,000

105,334

366,225

76,500

1,538,059

Depreciation

At 1 June 2024

-

66,505

207,403

24,785

298,693

Charge for year

-

9,472

34,900

12,928

57,300

Eliminated on disposal

-

-

(11,500

)

-

(11,500

)

At 31 May 2025

-

75,977

230,803

37,713

344,493

Net book value

At 31 May 2025

990,000

29,357

135,422

38,787

1,193,566

At 31 May 2024

990,000

37,889

4,008

51,715

1,083,612

The Directors feel that the cost plus any revaluation amount reflects the value of the Freehold property held on the balance sheet.

5.	Fixed asset investments

Other

investments

£

Cost or valuation

At 1 June 2024

477,772

Additions

85,605

Disposals

(91,140

)

Revaluations

(2,274

)

At 31 May 2025

469,963

Net book value

At 31 May 2025

469,963

At 31 May 2024

477,772

Cost or valuation at 31 May 2025 is represented by:

Other

investments

£

Valuation in 2017

80,248

Valuation in 2018

(13,924

)

Valuation in 2019

4,684

Valuation in 2020

1,946

Valuation in 2021

25,485

Valuation in 2022

(11,923

)

Valuation in 2023

275

Valuation in 2024

46,601

Valuation in 2025

(32,919

)

Cost

369,490

469,963

If the fixed asset investment had not been revalued they would have been included at the following historical cost:

31/5/25

31/5/24

£

£

Cost

369,490

344,380

Fixed asset investments are valued on an open market basis on 31 May 2025 by Barratt & Cooke Stockbrokers .

6.

Debtors: amounts falling due within one year

31/5/25

31/5/24

£

£

Other debtors

116,475

128,291

7.

Creditors: amounts falling due within one year

31/5/25

31/5/24

£

£

Trade creditors

17,473

15,358

Other creditors

181,652

163,953

199,125

179,311