Company No: 03712175 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,860,187		2,778,892
Investments	4	16		16
		3,860,203		2,778,908
Current assets
Stocks		1,500		1,400
Debtors	5	8,225		97,020
Cash at bank and in hand		271,472		554,237
		281,197		652,657
Creditors: amounts falling due within one year	6	( 765,736)		( 716,501)
Net current liabilities		(484,539)		(63,844)
Total assets less current liabilities		3,375,664		2,715,064
Creditors: amounts falling due after more than one year	7	( 151,448)		0
Provision for liabilities		( 108,060)		( 92,446)
Net assets		3,116,156		2,622,618
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		3,116,056		2,622,518
Total shareholders' funds		3,116,156		2,622,618

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mill Farm Caravan & Camping Park Limited (registered number: 03712175) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Mr M J Evans Director

1. Accounting policies

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

General information and basis of accounting

Mill Farm Caravan & Camping Park Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mill Farm, Fiddington, Bridgwater, TA5 1JQ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Turnover is recognised when services have been provided to the customers and when goods have been delivered such that risk and rewards of ownership have transferred to them.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

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

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

Tangible fixed assets

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

Land and buildings	50 years straight line
Leasehold improvements	25 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

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

Leases

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

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		33

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	1,933,452		1,422,708		785,720		39,622		318,713		4,500,215
Additions	1,100,752		0		196,545		0		7,905		1,305,202
Disposals	0		0		( 20,956)		0		0		( 20,956)
At 31 March 2025	3,034,204		1,422,708		961,309		39,622		326,618		5,784,461
Accumulated depreciation
At 01 April 2024	153,022		758,028		485,640		36,708		287,925		1,721,323
Charge for the financial year	37,057		52,706		123,701		730		9,680		223,874
Disposals	0		0		( 20,923)		0		0		( 20,923)
Transfers	0		0		0		0		0		0
At 31 March 2025	190,079		810,734		588,418		37,438		297,605		1,924,274
Net book value
At 31 March 2025	2,844,125		611,974		372,891		2,184		29,013		3,860,187
At 31 March 2024	1,780,430		664,680		300,080		2,914		30,788		2,778,892

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	16		16
At 31 March 2025	16		16
Carrying value at 31 March 2025	16		16
Carrying value at 31 March 2024	16		16

5. Debtors

	2025		2024
	£		£
Prepayments	3,470		476
VAT recoverable	3,261		95,050
Other debtors	1,494		1,494
	8,225		97,020

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	52,665		0
Trade creditors	55,331		95,876
Amounts owed to directors	78,912		30,105
Accruals and deferred income	324,017		386,300
Taxation and social security	214,044		171,331
Other creditors	40,767		32,889
	765,736		716,501

The bank loans are secured by way of fixed and floating charges over all assets of the company.

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

	2025		2024
	£		£
Bank loans (secured)	151,448		0

The bank loans are secured by way of fixed and floating charges over all assets of the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	6,879		10,810