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Registered number: SC413713
The Woods Caravan Park Limited
Financial Statements
For The Year Ended 31 March 2025
Stewart Accounting Services Limited
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: SC413713
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 856,264 870,843
856,264 870,843
CURRENT ASSETS
Debtors 5 1,976,259 1,977,867
Cash at bank and in hand 260,980 109,627
2,237,239 2,087,494
Creditors: Amounts Falling Due Within One Year 6 (1,348,906 ) (1,168,042 )
NET CURRENT ASSETS (LIABILITIES) 888,333 919,452
TOTAL ASSETS LESS CURRENT LIABILITIES 1,744,597 1,790,295
Creditors: Amounts Falling Due After More Than One Year 7 (646,707 ) (679,229 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,411 ) (7,512 )
NET ASSETS 1,082,479 1,103,554
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 1,082,379 1,103,454
SHAREHOLDERS' FUNDS 1,082,479 1,103,554
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Jacqueline Edney
Director
8th June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Woods Caravan Park Limited is a private company, limited by shares, incorporated in Scotland, registered number SC413713 . The registered office is Hidden Acre, Diverswell Farm, By Alva, Clackmannanshire, FK10 3AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 6.66% on cost
Leasehold No depreciation
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 2)
8 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 1,108,832 34,800 67,381 14,696 1,225,709
Additions - - 44,164 5,621 49,785
As at 31 March 2025 1,108,832 34,800 111,545 20,317 1,275,494
Depreciation
As at 1 April 2024 268,036 15,020 57,114 14,696 354,866
Provided during the period 46,178 6,340 11,003 843 64,364
As at 31 March 2025 314,214 21,360 68,117 15,539 419,230
Net Book Value
As at 31 March 2025 794,618 13,440 43,428 4,778 856,264
As at 1 April 2024 840,796 19,780 10,267 - 870,843
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,043 1,025
RBS Credit card - Other debtors 6,624 -
Hillfoot Homes Limited 1,968,592 1,976,842
1,976,259 1,977,867
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 51,351 146,034
Bank loans and overdrafts - 278
Corporation tax 34,117 42,932
Other taxes and social security 3,358 -
VAT 61,200 48,127
Pension Payable 2,924 3,958
...CONTINUED
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Page 6
Accruals and deferred income 186,415 204,264
P & J Edney Holdings Limited 599,407 517,315
Hillfoot Homes P & D Limited 410,134 205,134
1,348,906 1,168,042
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 34,656 34,656
Bank Loan 612,051 644,573
646,707 679,229
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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