REGISTERED NUMBER: 00743563 (England and Wales)

KEAT FARM (CARAVANS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Kent

Mrs J L Kent

Mr B L Kent

Mr P J Taylor

Mrs J D Beba

Mr W E Beba

SECRETARY:

Mrs J D Beba

REGISTERED OFFICE:

Keat Farm

Reculver Road

HERNE BAY

Kent

CT6 6SR

REGISTERED NUMBER:

00743563 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

FIXED ASSETS

Tangible assets

5

16,696,002

17,019,736

Investments

6

6,264,573

6,264,573

22,960,575

23,284,309

CURRENT ASSETS

Stocks

598,980

781,123

Debtors

7

122,799

115,997

Cash at bank and in hand

1,389,389

1,172,138

2,111,168

2,069,258

CREDITORS

Amounts falling due within one year

8

895,768

817,783

NET CURRENT ASSETS

1,215,400

1,251,475

TOTAL ASSETS LESS CURRENT LIABILITIES

24,175,975

24,535,784

CREDITORS

Amounts falling due after more than one year

9

(5,703,322

)

(5,881,098

)

PROVISIONS FOR LIABILITIES

(3,254,519

)

(3,393,387

)

NET ASSETS

15,218,134

15,261,299

CAPITAL AND RESERVES

Called up share capital

12

100,000

100,000

Revaluation reserve

13

9,648,360

9,813,232

Capital redemption reserve

45,000

45,000

Retained earnings

5,424,774

5,303,067

SHAREHOLDERS' FUNDS

15,218,134

15,261,299

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

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

The directors acknowledge their responsibilities for:

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

(b)

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

Mr M J Kent - Director

1.	STATUTORY INFORMATION

Keat Farm (Caravans) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered 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 to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Government grants

Government grants are recognised in the period they relate to once the conditions of the grant are met and it is probable the grant will be received and measured reliably. Government grants are shown within other operating income.

Stocks

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

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 37 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 January 2025

15,278,868

2,107,584

822,902

Additions

19,751

-

370

Disposals

-

-

-

At 31 December 2025

15,298,619

2,107,584

823,272

DEPRECIATION

At 1 January 2025

681,596

84,302

616,305

Charge for year

66,933

3,319

20,700

Eliminated on disposal

-

-

-

Revaluation adjustments

235,692

38,832

-

At 31 December 2025

984,221

126,453

637,005

NET BOOK VALUE

At 31 December 2025

14,314,398

1,981,131

186,267

At 31 December 2024

14,597,272

2,023,282

206,597

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

152,601

580,745

18,942,700

Additions

582

122,470

143,173

Disposals

-

(127,669

)

(127,669

)

At 31 December 2025

153,183

575,546

18,958,204

DEPRECIATION

At 1 January 2025

129,615

411,146

1,922,964

Charge for year

2,307

46,840

140,099

Eliminated on disposal

-

(75,385

)

(75,385

)

Revaluation adjustments

-

-

274,524

At 31 December 2025

131,922

382,601

2,262,202

NET BOOK VALUE

At 31 December 2025

21,261

192,945

16,696,002

At 31 December 2024

22,986

169,599

17,019,736

Tangible assets held at valuation

The freehold and leasehold property as owned at 31 December 2025 were revalued on 27 November 2013 by GVA Grimley Limited (now known as Avison Young), an independent firm of Chartered Surveyors on an open market value basis. The directors consider these values to be reflective of the current open market.

The historical cost value of the freehold property is £3,513,986 (2024: £3,494,235) and that of the leasehold property is £165,969 (2024: £165,969) based on the historical cost convention.

6.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

32,317

6,232,256

6,264,573

NET BOOK VALUE

At 31 December 2025

32,317

6,232,256

6,264,573

At 31 December 2024

32,317

6,232,256

6,264,573

Cost or valuation at 31 December 2025 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2022

21,592

6,232,256

6,253,848

Valuation in 2023

8,198

-

8,198

Valuation in 2024

2,527

-

2,527

32,317

6,232,256

6,264,573

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

24,624

17,820

Other debtors

873

813

Paypal

15,446

952

VAT

15,339

20,525

Prepayments

66,517

75,887

122,799

115,997

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 10)

384,083

262,589

Trade creditors

78,304

76,052

Deposits held

2,000

22,800

Pitch fee received in advance

87,242

79,129

Other taxes and PAYE taxes

94,901

105,344

Other creditors

26,974

-

Directors' Current Accounts

112,345

173,556

Accruals and deferred income

109,919

98,313

895,768

817,783

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 10)

4,104,577

4,280,821

Amounts owed to group undertakings

1,598,745

1,600,277

5,703,322

5,881,098

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,342,161

3,550,203

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank overdraft

220,334

133,250

Bank loan

163,749

129,339

384,083

262,589

Amounts falling due between one and two years:

Bank loans - 1-2 years

173,849

163,749

Amounts falling due between two and five years:

Bank loan

588,567

566,869

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,342,161

3,550,203

The bank loans and overdraft are secured by a charge over the freehold sites at Woodlands, Applegarth, Little Satmar, Hartridge Farm, Hawthorn Farm, Rowan Tree, Frost Farm and Reculver Road, and the leasehold site at Quex.

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

35,000

35,000

Between one and five years

140,000

140,000

In more than five years

306,250

271,250

481,250

446,250

Keat Farm (Caravans) Limited is party to an operating lease in respect to Quex Caravan Park in Birchington, Kent. The lease runs from 29 September 1997 and expires on the 28 September 2039.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100,000

Ordinary

£1

100,000

100,000

13.

RESERVES

Revaluation

reserve

£

At 1 January 2025

9,813,232

Revaluation of tangible assets

(164,872

)

At 31 December 2025

9,648,360