Company No: 04952001 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	4	5,708,412		5,565,152
		5,708,412		5,565,152
Current assets
Stocks		656,143		1,065,649
Debtors	5	321,558		388,813
Cash at bank and in hand		3,570		16,988
		981,271		1,471,450
Creditors: amounts falling due within one year	6	( 800,032)		( 1,082,665)
Net current assets		181,239		388,785
Total assets less current liabilities		5,889,651		5,953,937
Creditors: amounts falling due after more than one year	7	( 1,602,377)		( 1,920,000)
Provision for liabilities		( 221,230)		( 148,577)
Net assets		4,066,044		3,885,360
Capital and reserves
Called-up share capital	8	1,882,455		1,882,455
Share premium account		1,858,205		1,858,205
Profit and loss account		325,384		144,700
Total shareholder's funds		4,066,044		3,885,360

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 member has 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 Whitehill Country Park Limited (registered number: 04952001) were approved and authorised for issue by the Board of Directors on 29 December 2025. They were signed on its behalf by:

Mr T J Jeavons 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 period, unless otherwise stated.

General information and basis of accounting

Whitehill Country 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 Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Whitehill Country Park, Stoke Road, Paignton, Devon, TQ4 7PF, United Kingdom.

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

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

Going concern

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

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

Intangible assets

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

Goodwill

10 years straight line

Tangible fixed assets

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

Land and buildings	100 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	4 years straight line
Other property, plant and equipment	10 years straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Year ended 31.03.2025		Period from 01.12.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	64		44

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	160,700		160,700
At 31 March 2025	160,700		160,700
Accumulated amortisation
At 01 April 2024	160,700		160,700
At 31 March 2025	160,700		160,700
Net book value
At 31 March 2025	0		0
At 31 March 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	5,237,749		1,542,072		34,026		58,730		1,610,176		8,482,753
Additions	19,119		19,463		2,000		7,215		435,381		483,178
Disposals	( 9,288)		0		0		0		0		( 9,288)
At 31 March 2025	5,247,580		1,561,535		36,026		65,945		2,045,557		8,956,643
Accumulated depreciation
At 01 April 2024	537,111		990,612		19,776		53,165		1,316,937		2,917,601
Charge for the financial year	52,568		142,747		4,063		4,599		126,653		330,630
At 31 March 2025	589,679		1,133,359		23,839		57,764		1,443,590		3,248,231
Net book value
At 31 March 2025	4,657,901		428,176		12,187		8,181		601,967		5,708,412
At 31 March 2024	4,700,638		551,460		14,250		5,565		293,239		5,565,152

5. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	21,248		4,740
Prepayments	12,292		8,200
Other debtors	288,018		375,873
	321,558		388,813

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Bank loans and overdrafts (secured)	101,725		340,074
Trade creditors	63,652		111,695
Amounts owed to directors	204,691		199,926
Accruals	279,706		271,280
Other taxation and social security	56,443		71,004
Other creditors	93,815		88,686
	800,032		1,082,665

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

	31.03.2025		31.03.2024
	£		£
Bank loans (secured)	1,602,377		1,920,000

Bank loans are secured on the freehold property owned by the company.

8. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
1,882,455 Ordinary shares of £ 1.00 each	1,882,455		1,882,455

9. Ultimate controlling party

Parent Company:

Whitehill Country Holdings Limited

Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF.