Registration number:
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North Shores Country Park Limited
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North Shores Country Park Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
North Shores Country Park Limited
Company Information
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Directors |
M Barney J van Leeuwen |
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Registered office |
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Accountants |
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North Shores Country Park Limited
Statement of Financial Position as at 30 September 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Revaluation reserve |
2,861,949 |
2,861,949 |
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Retained earnings |
2,023,602 |
1,868,068 |
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Shareholders' funds |
4,885,651 |
4,730,117 |
For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
North Shores Country Park Limited
Statement of Financial Position as at 30 September 2025
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the
Companies Act 2006, section 444.
Approved and authorised by the
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M Barney
Director
Company registration number: 10212821
North Shores Country Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
The principal activity of the company is that of the operation of a holiday home park.
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Going concern
The company made a profit before tax for the year ended 30 September 2025 and had net assets of £4,885,651 at that date.
The directors remain optimistic about future trading and expect the company to maintain profitability in the forthcoming year. Forecasts prepared by the directors show that the company will have sufficient working capital for at lease 12 months from the date of approval of the financial statements.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
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 company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.
Rental income is recognised over the period to which it relates.
Income in respect of the sale of lodges is recognised when risks and rewards of ownership are transferred to the customer, usually once an unconditional contract is in place.
North Shores Country Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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 company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the 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
Tangible assets are stated in the statement of financial position 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:
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Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
25% reducing balance |
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Caravans and lodges |
5% straight line |
Revaluation of tangible fixed assets
Freehold properties are revalued and shown at market value less any subsequent depreciation and accumulated impairment losses.
Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value.
Market values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
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.
North Shores Country Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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 income statement 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.
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 company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company during the year, was
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Tangible assets |
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Freehold property |
Furniture, fittings and equipment |
Caravans and lodges |
Motor Vehicles |
Total |
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Cost or valuation |
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At 1 October 2024 |
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Disposals |
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At 30 September 2025 |
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- |
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Depreciation |
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At 1 October 2024 |
- |
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- |
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Charge for the year |
- |
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- |
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Eliminated on disposal |
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- |
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At 30 September 2025 |
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Carrying amount |
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At 30 September 2025 |
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At 30 September 2024 |
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The company's freehold property is included at market value at 30 September 2025 as estimated by the directors at an amount of £5,000,000 based upon a professional valuation carried out by a RICS registered valuer.
North Shores Country Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Loans and borrowings |
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Loans and borrowings |
Current loans and borrowings
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2025 |
2024 |
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Hire purchase liabilities |
54,084 |
54,172 |
Non-current loans and borrowings
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2025 |
2024 |
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Hire purchase liabilities |
45,716 |
99,832 |
Liabilities under hire purchase agreements are secured on the assets concerned.
North Shores Country Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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Related party transactions |
In accordance with FRS 102 paragraph 1AC.35 exemption is taken not to disclose transactions in the year or amounts falling due between undertakings where 100% of the voting rights are controlled within the group.
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Contingent liabilities |
The company has given a guarantee in respect of the bank borrowings of its parent company, which at 30 September 2025 amounted to £6,250,000 (2024: £1,572,931). The guarantee is secured by a fixed charge over the company's freehold property.
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Reserves |
The revaluation reserve represents the cumulative increase in the revalued amount of freehold property over their historic cost, net of deferred tax.