Registration number:
Yorkshire Caravans Group Limited
for the Year Ended 31 March 2025
Yorkshire Caravans Group Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
Yorkshire Caravans Group Limited
Company Information
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Director |
Mr J Goulden |
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Registered office |
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Bankers |
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Auditors |
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Yorkshire Caravans Group Limited
Strategic Report for the Year Ended 31 March 2025
The director presents his strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the group is sale and distribution of caravans, motorhomes and accessories.
Fair review of the business
The director considers that the results for the year and the financial position at the end of the year were satisfactory.
The group has successfully increased its turnover by 69% and whilst its gross profit percentage has decreased, it has improved its overall net profit.
The group's balance sheet remains satisfactory.
While current market conditions remain challenging the director believes there are still opportunities for profitable growth.
The group's key financial and other performance indicators during the year were as follows:
|
Unit |
2025 |
2024 |
|
|
Turnover |
£ |
34,950,089 |
20,711,453 |
|
Gross profit |
£ |
5,142,791 |
3,522,051 |
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Gross profit as % of turnover |
% |
15 |
17 |
|
Operating profit |
£ |
1,323,941 |
783,819 |
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Net current assets |
£ |
476,456 |
109,735 |
|
Net assets |
£ |
4,356,946 |
3,822,199 |
Principal risks and uncertainties
The principal risks and uncertainties faced by the group are the general uncertain economic climate in which it currently trades.
Approved and authorised by the
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Yorkshire Caravans Group Limited
Director's Report for the Year Ended 31 March 2025
The director presents his report and the financial statements for the year ended 31 March 2025.
Director of the group
The director who held office during the year was as follows:
Financial instruments
Objectives and policies
The group's principal financial instruments comprise bank balances, stocking loans, bank loans, trade debtors and trade creditors. The purposes of these instruments is to finance the group's business operations. The director does not consider that the group has any significant financial risks other than those normal commercial risks arising from its trading operations. Such risks are managed so as to permit the smooth operation of the business.
Price risk, credit risk, liquidity risk and cash flow risk
Most sales are to UK customers and most suppliers are UK based and accordingly the group has not entered into any hedging arrangements in respect of risks relating to trade debtors and creditors.
The group has operated throughout the year within its banking and stocking loan facilities, thereby substantially eliminating liquidity and cash flow risks.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Disclosure of information to the auditor
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditor is unaware.
Approved and authorised by the
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Yorkshire Caravans Group Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
Opinion
We have audited the financial statements of Yorkshire Caravans Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and 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 the parent company's affairs as at 31 March 2025 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 auditor 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.
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's 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 ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
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 director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is 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 director determines is 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
Auditor’s 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 an auditor’s report 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.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group’s internal control. |
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. |
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Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group’s or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. |
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
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Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for an opinion on the group financial statements. We are responsible for the direction, supervision and review of the audit work performed for the purposes of the group audit. We remain solely responsible for our audit opinion. |
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:-
• The engagement partner ensured that the audit team collectively had the appropriate competence, capability and skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the caravan, motorhome, awnings and leisure accessories retail industry;
• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protections legislation, employment law and environmental and health and safety legislation;
• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
• The audit team remained alert to the possibility of non-compliance with laws and regulations throughout the audit.
We assessed the susceptibility of the group’s financial statements to material misstatement including obtaining an understanding of how fraud might occur, by:
• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
• Considering what motivations and opportunities for fraud may exist within the group.
To address the risk of fraud through management bias and override of controls, we:
• Performed analytical procedures to identify any unusual or unexpected relationships;
• Reviewed journal entries to identify unusual transactions vouching to supporting documentation where appropriate;
• Reviewed the group’s bank nominal for any significant or unusual transactions vouching to supporting documentation where appropriate;
• Assessed whether the judgements and assumptions made in determining any accounting estimates used in preparing the accounts were indicative of bias; and
• We maintained an approach of professional scepticism throughout the audit; recognising the possibility of a material misstatement due to facts or behaviour indicating irregularities (including fraud) or error, notwithstanding our past experience of the honesty and integrity of the group's management.
Yorkshire Caravans Group Limited
Independent Auditor's Report to the Members of Yorkshire Caravans Group Limited
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• Agreeing financial statement disclosures to underlying supporting documentation;
• Enquiring of management as to actual and potential litigation and claims;
• Reviewing correspondence with HMRC;
• Reviewing legal expenses both during and after the year for any items indicative of ongoing litigation and potential claims; and
• We confirmed that the group’s FCA registration remained valid.
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.
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 an auditor’s report 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.
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For and on behalf of
Doncaster
South Yorkshire
DN1 2HJ
Yorkshire Caravans Group Limited
Consolidated Profit and Loss Account for the Year Ended 31 March 2025
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Note |
2025 |
2024 |
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Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
|
Operating profit |
|
|
|
|
Interest payable and similar expenses |
( |
( |
|
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Profit/(loss) attributable to: |
|||
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Owners of the company |
|
|
|
|
Minority interests |
|
|
|
|
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The group has no recognised gains or losses for the year other than the results above.
Yorkshire Caravans Group Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 March 2025
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2025 |
2024 |
|
|
Profit for the year |
|
|
|
Surplus on property, plant and equipment revaluation |
- |
|
|
Total comprehensive income for the year |
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|
|
Total comprehensive income attributable to: |
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Owners of the company |
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|
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Minority interests |
|
|
|
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Yorkshire Caravans Group Limited
(Registration number: 10168971)
Consolidated Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
|
|
|
|
|
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||
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Current assets |
|||
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Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
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Called up share capital |
2 |
2 |
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|
Revaluation reserve |
2,061,645 |
2,061,645 |
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Retained earnings |
1,084,707 |
678,333 |
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Equity attributable to owners of the company |
3,146,354 |
2,739,980 |
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|
Minority interests |
1,210,592 |
1,082,219 |
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|
Shareholders' funds |
4,356,946 |
3,822,199 |
Approved and authorised by the
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Yorkshire Caravans Group Limited
(Registration number: 10168971)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Investments |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
2 |
2 |
|
|
Retained earnings |
6,751 |
769 |
|
|
Shareholders' funds |
6,753 |
771 |
The company made a profit after tax for the financial year of £241,582 (2024 - profit of £171,648).
Approved and authorised by the
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Yorkshire Caravans Group Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 March 2025
Equity attributable to the parent company
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
Non-controlling interests - Equity |
Total equity |
|
|
At 1 April 2024 |
|
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
|
Dividends |
- |
- |
( |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
Non-controlling interests - Equity |
Total equity |
|
|
At 1 April 2023 |
|
|
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
|
|
Other comprehensive income |
- |
|
- |
|
|
|
|
Total comprehensive income |
- |
|
|
|
|
|
|
Dividends |
- |
- |
( |
( |
( |
( |
|
At 31 March 2024 |
2 |
2,061,645 |
678,333 |
2,739,980 |
1,082,219 |
3,822,199 |
Yorkshire Caravans Group Limited
Statement of Changes in Equity for the Year Ended 31 March 2025
|
Share capital |
Retained earnings |
Total |
|
|
At 1 April 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 April 2023 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 March 2024 |
2 |
769 |
771 |
Yorkshire Caravans Group Limited
Consolidated Statement of Cash Flows for the Year Ended 31 March 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Loss on disposal of tangible assets |
|
|
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in stocks |
( |
( |
|
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Increase in deferred income, including government grants |
|
- |
|
|
Cash generated from operations |
( |
( |
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
( |
( |
|
|
Cash flows from investing activities |
|||
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Acquisition of intangible assets |
- |
( |
|
|
Acquisition of subsidiary (net of cash acquired) |
- |
(254,803) |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from bank borrowing draw downs |
|
|
|
|
Repayment of bank borrowing |
( |
( |
|
|
Proceeds from other borrowing draw downs |
|
|
|
|
Repayment of other borrowing |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
|
|
|
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 April |
( |
|
|
|
Cash and cash equivalents at 31 March |
400,553 |
(11,518) |
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
An exemption has been claimed under Section 7 of FRS102 to opt out of preparing a company cash flow statement. The cash flows of the company are included in the consolidated statement of cash flows.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2025.
No Profit and Loss Account is presented for the company as permitted by section 408 of the Companies Act 2006. The company made a profit after tax for the financial year of £241,582 (2024 - profit of £171,648).
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Revenue recognition
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 group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group 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 group's activities.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Tangible assets
Land and buildings held and used in the group's own activities for production and supply of goods or for administrative purposes are stated in the balance sheet at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the balance sheet date.
Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.
Depreciation on revalued buildings is charged to profit or loss so as to write off their value, less residual value, over their estimated useful life of 50 years, using the straight-line method. Revalued land is not depreciated.
Once a revalued property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings.
Other tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Property (excluding land) |
2% straight line |
|
Land |
Not depreciated |
|
Plant and machinery |
6.25%, 12.5% and 20% straight line |
|
Fixtures and fittings |
12.5% and 20% straight line |
|
Motor vehicles |
20% straight line |
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Office equipment |
33.3% straight line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Website costs |
33.3% straight line |
|
Goodwill |
20% straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Investments in subsidiaries are held at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
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 inventories 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.
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 group 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Dividends
Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Critical accounting judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, which are described in note 2, the director is required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not 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 if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Critical judgements
As described in note 14 to the financial statements, freehold property was valued as at 31 March 2024 on 24 October 2024 by Tom Horrox and Danny Latimer of Collier International Property Consultants Limited. The director considers that this valuation reflects the fair value of the property at the balance sheet date. However, market conditions, including interest rates and inflation, have caused uncertainty in the UK property market which has inevitably increased the degree of judgement involved in this property valuation. |
Key sources of estimation uncertainty
As disclosed in note 12, the group has made a provision for deferred tax. This provision includes the director's best estimate of the tax that the group would be due to pay were it to sell its revalued freehold property at its year end balance sheet value. This estimate has been based on the tax rules that are expected to be in place going forwards and the director's best estimate of when costs relating to the premises were incurred. However, tax legislation is subject to change and can be dependent on the specific arrangements or specific conditions surrounding any such sale. As such deferred tax is considered a key sources of estimation uncertainty at the balance sheet date which may cause a material adjustment to the carrying amount of assets and liabilities in future sets of financial statements.
The carrying amount is £616,383 (2024 - £621,608).
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Turnover |
The analysis of the group's Turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods and services |
|
|
The analysis of the group's Turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Other operating income |
The analysis of the group's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Rental income |
|
|
|
Other gains and losses |
The analysis of the group's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Loss on disposal of Tangible assets |
( |
( |
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Loss on disposal of property, plant and equipment |
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other short-term employee benefits |
- |
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Sales |
|
|
|
Other departments |
|
|
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
31,904 |
29,590 |
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
- |
|
330,119 |
181,022 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
( |
- |
|
Tax increase from other short-term timing differences |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax decrease from other tax effects |
( |
- |
|
Total tax charge |
|
|
Deferred tax
Group
Deferred tax has been recognised at 25% (2024 25%) in line with the corporation tax rates expected to be in force when the associated timing differences reverse.
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Accelerated capital allowances |
|
|
Deferred tax on revalued property |
|
|
|
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
Deferred tax on revalued property |
|
|
|
Tax relating to items recognised in other comprehensive income or equity - group
|
2025 |
2024 |
|
|
Deferred tax related to items recognised as items of other comprehensive income |
- |
( |
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Intangible assets |
Group
|
Goodwill |
Other intangible assets |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2024 |
|
|
|
|
At 31 March 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 April 2024 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 March 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 March 2025 |
|
|
|
|
At 31 March 2024 |
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Tangible assets |
Group
|
Land and buildings |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||||
|
At 1 April 2024 |
|
|
|
|
|
|
|
Additions |
|
- |
|
|
|
|
|
Disposals |
- |
- |
- |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
|
|
Depreciation |
||||||
|
At 1 April 2024 |
- |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
|
|
Carrying amount |
||||||
|
At 31 March 2025 |
|
|
|
|
|
|
|
At 31 March 2024 |
|
|
|
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Included within the net book value of land and buildings above is £4,224,127 (2024 - £4,160,000) in respect of freehold land and buildings.
Revaluation
The fair value of the group's freehold property was revalued on
The valuation was prepared as at 31 March 2024 on a fair value basis by Tom Horrox MRICS and Danny Latimer MRICS of Colliers International Property Consultants Limited.
At 31 March 2025 the property is held at the 31 March 24 valuation of £4,160,000 plus the cost of building works during the year ended 31 March 2025 less charges for depreciation.
The director considers that this valuation continues to reflect the fair value of the property at 31 March 2025.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Motor vehicles |
60,155 |
92,014 |
|
Fixtures and fittings |
12,876 |
16,266 |
|
73,031 |
108,280 |
Restriction on title and pledged as security
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Investments |
Group
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
Doncaster Road
|
|
|
|
|
England and Wales |
||||
|
|
Doncaster Road,
|
|
|
|
|
England and Wales |
||||
|
|
Great North Road,
|
|
|
|
|
England and Wales |
||||
|
|
Doncaster Road
|
|
|
|
|
England and Wales |
||||
The shares held by the group in YC Leisure Limited are A Ordinary Shares. These shares make up 76% of the company's total share capital which is made up of Ordinary Shares and A Ordinary Shares. The A Ordinary Shares rank equally with the Ordinary shares except as follows:-
On a liquidation or other return of capital to members the proceeds shall be distributed
• firstly, to the holder of the A Ordinary Shares and the Ordinary Shares as if they constituted a single class of shares until holders of the A Ordinary Shares have received proceeds of £800,000 in aggregate; and
• thereafter, the balance of the proceeds shall be distributed to the holders of the Ordinary Shares.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Subsidiary undertakings
|
Yorkshire Caravans & Motorhomes Limited The principal activity of Yorkshire Caravans & Motorhomes Limited is |
|
Y C Leisure Limited The principal activity of Y C Leisure Limited is |
|
YC Holdings Limited The principal activity of YC Holdings Limited is |
|
Panelworks Limited The principal activity of Panelworks Limited is |
All subsidiaries are included in the consolidated financial statements.
Subsidiary audit exemptions
For the year ending 31 March 2025 the subsidiary Panelworks Limited registered number 06558913 was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 April 2024 |
|
|
At 31 March 2025 |
|
|
Carrying amount |
|
|
At 31 March 2025 |
|
|
At 31 March 2024 |
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
- |
- |
|
Finished goods and goods for resale |
|
|
- |
- |
|
Work in progress |
|
|
- |
- |
|
|
|
- |
- |
|
Group
The carrying amount of stocks pledged as security for liabilities amounted to £
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
- |
- |
|
|
Amounts owed by related parties |
- |
- |
|
|
|
|
Other debtors |
|
|
- |
- |
|
|
Prepayments |
|
|
- |
|
|
|
|
|
|
|
||
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
- |
- |
|
Cash at bank |
|
|
- |
- |
|
|
|
- |
- |
|
|
Bank overdrafts |
- |
( |
- |
- |
|
Cash and cash equivalents in statement of cash flows |
400,553 |
(11,518) |
- |
- |
Non-cash transactions excluded from the consolidated cash flow statement
|
2025 |
2024 |
|
|
Cost of new Tangible assets acquired under finance leases |
- |
86,594 |
|
Subsidiary acquisition costs treated as other borrowings |
- |
220,000 |
|
Debt in subsidiary on acquisition |
- |
36,148 |
As part of the acquisition of Panelworks Limited the group acquired fixed assets, stocks, debtors, creditors, cash, bank borrowings and lease purchase liabilities. These have been excluded from the cash flow statement comparatives as non-cash transactions.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
|
Trade creditors |
|
|
- |
- |
|
|
Amounts due to related parties |
|
|
|
|
|
|
Social security and other taxes |
|
|
- |
- |
|
|
Outstanding defined contribution pension costs |
|
|
- |
- |
|
|
Other payables |
|
- |
- |
- |
|
|
Accruals |
|
|
|
|
|
|
Corporation tax |
114,056 |
200,941 |
- |
- |
|
|
Deferred income |
|
- |
- |
- |
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
Contributions totalling £
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
|
Loans and borrowings |
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
|
- |
- |
|
Bank overdrafts |
- |
|
- |
- |
|
Hire purchase contracts |
|
|
- |
- |
|
Other borrowings |
|
|
|
|
|
|
|
|
|
|
Non-current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
|
- |
- |
|
Hire purchase contracts |
|
|
- |
- |
|
Other borrowings |
|
|
|
|
|
|
|
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Group
Bank borrowings
|
This loan was repaid during the year. A new loan, as detailed below, was taken out to repay this facility. |
|
|
|
|
|
This loan was repaid early during the year. |
|
The group's variable bank borrowings and overdrafts are secured by way of a fixed charge over the group's freehold property and floating charges over the group's other assets. The bank also hold a cross guarantee and debenture with Y C Leisure Limited, Yorkshire Caravans & Motorhomes Limited, Panelworks Limited and YC Holdings Limited. |
|
This loan was repaid early during the year.
|
Other borrowings
Other borrowings in the sum of £6,991,405 (2024 - £4,699,506) represent amounts due under stocking loans that are secured over new and used caravan and motorhome stocks. The group has also provided additional guarantees in respect of some of these borrowings.
Other borrowings in the sum of £Nil (2024 - £104,000) represent amounts due in respect of deferred consideration for the acquisition of Panelworks Limited.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Company and group
Other borrowings
Other borrowings in the sum of £111,434 (2024 - £188,037) represent interest free loan notes which are repayable in monthly instalments until the maturity date. The loan notes were initially recorded at fair value with the associated effective interest (3%) being charged in the accounts each year as this discount unwinds. The final instalment is due on 30 April 2026.
|
Obligations under leases and hire purchase contracts |
Group
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Dividends |
Interim dividends paid
|
2025 |
2024 |
|||
|
Interim dividends paid |
|
|
||
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Analysis of changes in net debt |
Group
|
At 1 April 2024 |
Cash flows |
At 31 March 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
67,541 |
333,012 |
400,553 |
|
Overdrafts |
(79,059) |
79,059 |
- |
|
(11,518) |
412,071 |
400,553 |
|
|
Borrowings |
|||
|
Long term borrowings |
(427,814) |
221,308 |
(206,506) |
|
Short term borrowings |
(5,120,155) |
(2,108,672) |
(7,228,827) |
|
Lease liabilities |
(88,430) |
17,943 |
(70,487) |
|
(5,636,399) |
(1,869,421) |
(7,505,820) |
|
|
|
|||
|
( |
( |
( |
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Related party transactions |
Group
Key management compensation
|
2025 |
2024 |
|
|
Salaries and other short term employee benefits |
|
|
|
Post-employment benefits |
|
|
|
|
|
|
Transactions with the director |
Dividends paid to the director
|
2025 |
2024 |
|||
|
Mr J Goulden |
||||
|
Dividend paid |
310,000 |
195,000 |
||
Director's loans
|
2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
|
Mr J Goulden |
||||
|
Director's loan |
|
|
( |
|
|
2024 |
At 1 April 2023 |
Advances to director |
Repayments by director |
At 31 March 2024 |
|
Mr J Goulden |
||||
|
Director's loan |
- |
|
( |
|
|
Other transactions with the director |
Director's loans are interest free, unsecured and repayable on demand.
The balance owed to Mr J Goulden at the year end in respect of the director's current account was £1,182 (2024 - £8). Interest is not charged on the balances due to the director and amounts were repayable on demand.
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Summary of transactions with other related parties
Panelworks Limited was acquired by the group on 1 August 2023. Transactions and balances between Panelworks Limited and other group companies have cancelled on consolidation since this date. Transactions with Panelworks Limited prior to its acquisition are included in transactions with other related parties below.
Loans from other related parties includes loans from Mrs J Goulden-Smith and Mrs J Goulden who are both close family of the director.
Expenditure with and payables to related parties
|
2025 |
Other related parties |
|
Rendering of services |
- |
|
- |
|
|
|
|
|
2024 |
Other related parties |
|
Rendering of services |
|
|
|
|
|
|
|
Income and receivables from related parties
|
2025 |
Other related parties |
|
Sale of goods |
- |
|
Leases |
- |
|
- |
|
|
|
|
|
2024 |
Other related parties |
|
Sale of goods |
|
|
Leases |
|
|
|
|
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Loans from related parties
|
2025 |
Other related parties |
|
At start of period |
|
|
Repaid |
( |
|
Interest transactions |
|
|
At end of period |
|
|
|
|
|
2024 |
Other related parties |
|
At start of period |
|
|
Advanced |
|
|
Repaid |
( |
|
Interest transactions |
|
|
At end of period |
|
|
|
|
Terms of loans from related parties
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Company
Dividends paid to the director
|
2025 |
2024 |
|||
|
Mr J Goulden |
||||
|
Dividends paid |
235,600 |
171,000 |
||
Summary of transactions with subsidiaries
Summary of transactions with other related parties
Other related parties includes Mrs J Goulden-Smith, a close family member of director Mr J Goulden.
Income and receivables from related parties
|
2025 |
Subsidiary |
|
Transfers under finance arrangements (including loans and equity contributions) |
|
|
|
|
|
2024 |
Subsidiary |
|
Transfers under finance arrangements (including loans and equity contributions) |
|
|
|
|
Expenditure with and payables to related parties
|
2025 |
Other related parties |
|
Transfers under finance arrangements (including loans and equity contributions) |
|
|
|
|
|
2024 |
Other related parties |
|
Transfers under finance arrangements (including loans and equity contributions) |
|
|
|
|
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Loans to related parties
|
2025 |
Subsidiary |
|
At start of period |
|
|
Advanced |
|
|
Repaid |
( |
|
Interest transactions |
|
|
At end of period |
|
|
|
|
|
2024 |
Subsidiary |
|
At start of period |
|
|
Advanced |
|
|
Repaid |
( |
|
Interest transactions |
|
|
At end of period |
|
|
|
|
Terms of loans to related parties
Loans from related parties
|
2025 |
Subsidiary |
Other related parties |
Total |
|
At start of period |
|
|
|
|
Advanced |
|
- |
|
|
Repaid |
- |
( |
( |
|
Interest transactions |
- |
|
|
|
At end of period |
|
|
|
|
|
|||
|
2024 |
Subsidiary |
Other related parties |
Total |
|
At start of period |
|
|
|
|
Advanced |
|
- |
|
|
Repaid |
( |
( |
( |
|
Interest transactions |
- |
|
|
|
At end of period |
|
|
|
|
|
|||
Yorkshire Caravans Group Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Terms of loans from related parties
Loans from subsidiaries - No interest is charged on unsecured, short term borrowings.
|
Deferred tax and other provisions |
Group
|
Deferred tax |
Total |
|
|
At 1 April 2024 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 31 March 2025 |
|
|
|
|
||