REGISTERED NUMBER: 03103943 (England and Wales)

Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 October 2025

for

West Country Park Homes Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

S Abrahams

Mrs S Abrahams

Mrs S Bareham

SECRETARY:

Mrs S Abrahams

REGISTERED OFFICE:

Edithmead Caravan Park

Edithmead

Highbridge

Somerset

TA9 4HE

REGISTERED NUMBER:

03103943 (England and Wales)

AUDITORS:

Pareto Analysis Ltd (Statutory Auditor)

Parkview

23 Wadham Street

Weston-super-Mare

Somerset

BS23 1JZ

The directors present their strategic report of the company and the group for the year ended 31 October 2025.

REVIEW OF BUSINESS

The Group's principal activity during the year continued to be the operation of holiday parks. The company also provides management services for the Group.

Group turnover increased 17% from £10,233,413 in 2024 to £11,955,954 in 2025.

Group operating profit increased 41% from £2,805,665 in 2024 to £3,941,925 in 2025.

Interest payable decreased by 37% over the year from £283,431 in 2024 to £179,255 in 2025.

Profit after tax increased 45% from £1,960,752 in 2024 to £2,841,832 in 2025.

Capital expenditure was £2,554,846 in 2025 (2024: £4,460,407).

PRINCIPAL RISKS AND UNCERTAINTIES

The Group recognises a variety of financial and market-based risks, including exposure to economic conditions, the competitive environment and regulatory change.

The wars in Ukraine and Iran have added to inflationary pressures which have followed recent economic headwinds from Brexit and the Coronavirus. While our business is resilient the Board closely monitors performance and manages operations taking into account external factors. The Group may benefit as more people holiday in the UK rather than overseas. However an economic downturn may hit caravan sales, given that holiday expense is a discretionary expense in the average family budget.

The Group aims to mitigate liquidity and cash flow risk by maximising cash generated by operations and using external finance when considered necessary.

ON BEHALF OF THE BOARD:

S Abrahams - Director

23 July 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2025.

DIVIDENDS

Interim dividends per share on the B Ordinary 0.01 shares were paid as follows:

£17,000

- 1 November 2025

£16,000

- 6 April 2025

£22,000

- 1 May 2025

£27,000

- 1 August 2025

£82,000

The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the A Ordinary 0.01 shares. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the C Ordinary 0.01 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 October 2025 will be £ 82,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

S Abrahams

Mrs S Abrahams

Mrs S Bareham

GOING

CONCERN

The Group has considerable financial resources from its established operations. The Group also has substantial long-term committed financing arrangements. Taking this and all other factors into account, the Directors believe that the Group is well placed to manage its business risks successfully.

After making enquiries, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Pareto Analysis Ltd (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Abrahams - Director

23 July 2026

Opinion

We have audited the financial statements of West Country Park Homes Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 October 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006) and the relevant direct and indirect tax compliance regulation in the United Kingdom.

- We understood how the Company is complying with those frameworks by making enquiries of management to understand how the Company maintains and communicates its policies and procedures in these areas and corroborated this by reviewing supporting documentation.

- We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by considering the risk of management override and by assuming revenue to be a fraud risk.

- Based on this understanding we designed our audit procedures to identity noncompliance with such laws and regulations. Our procedures involved testing journals identified by specific risk criteria.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul W John (Senior Statutory Auditor)

for and on behalf of Pareto Analysis Ltd (Statutory Auditor)

Parkview

23 Wadham Street

Weston-super-Mare

Somerset

BS23 1JZ

24 July 2026

TURNOVER

11,955,954

10,233,413

Cost of sales

3,311,388

3,462,763

GROSS PROFIT

8,644,566

6,770,650

Administrative expenses

4,706,753

4,020,819

3,937,813

2,749,831

Other operating income

4,112

55,834

OPERATING PROFIT

4

3,941,925

2,805,665

Interest receivable and similar income

1,041

37,056

3,942,966

2,842,721

Interest payable and similar expenses

6

179,255

283,431

PROFIT BEFORE TAXATION

3,763,711

2,559,290

Tax on profit

7

921,879

598,538

PROFIT FOR THE FINANCIAL YEAR

2,841,832

1,960,752

Profit attributable to:

Owners of the parent

2,841,832

1,960,752

PROFIT FOR THE YEAR

2,841,832

1,960,752

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,841,832

1,960,752

Total comprehensive income attributable to:

Owners of the parent

2,841,832

1,960,752

FIXED ASSETS

Intangible assets

10

-

6,500

Tangible assets

11

28,187,325

26,354,524

Investments

12

-

-

28,187,325

26,361,024

CURRENT ASSETS

Stocks

13

2,932,747

2,219,091

Debtors

14

295,628

387,953

Cash at bank and in hand

872,587

1,356,936

4,100,962

3,963,980

CREDITORS

Amounts falling due within one year

15

(2,674,728

)

(2,104,624

)

NET CURRENT ASSETS

1,426,234

1,859,356

TOTAL ASSETS LESS CURRENT LIABILITIES

29,613,559

28,220,380

CREDITORS

Amounts falling due after more than one year

16

(3,358,600

)

(4,902,627

)

PROVISIONS FOR LIABILITIES

20

(541,118

)

(446,353

)

ACCRUALS AND DEFERRED INCOME

21

(336,753

)

(254,144

)

NET ASSETS

25,377,088

22,617,256

CAPITAL AND RESERVES

Called up share capital

22

3

3

Share premium

23

3,274,999

3,274,999

Retained earnings

23

22,102,086

19,342,254

SHAREHOLDERS' FUNDS

25,377,088

22,617,256

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

S Abrahams - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

21,639,338

19,771,660

Investments

12

2,238,177

2,238,177

23,877,515

22,009,837

CURRENT ASSETS

Stocks

13

2,242,933

1,458,738

Debtors

14

237,493

259,894

Cash at bank

183,584

316,400

2,664,010

2,035,032

CREDITORS

Amounts falling due within one year

15

(2,004,858

)

(1,473,232

)

NET CURRENT ASSETS

659,152

561,800

TOTAL ASSETS LESS CURRENT LIABILITIES

24,536,667

22,571,637

CREDITORS

Amounts falling due after more than one year

16

(4,838,622

)

(5,695,663

)

PROVISIONS FOR LIABILITIES

20

(243,690

)

(148,265

)

ACCRUALS AND DEFERRED INCOME

21

(147,577

)

(151,943

)

NET ASSETS

19,306,778

16,575,766

CAPITAL AND RESERVES

Called up share capital

22

3

3

Share premium

23

3,274,999

3,274,999

Retained earnings

23

16,031,776

13,300,764

SHAREHOLDERS' FUNDS

19,306,778

16,575,766

Company's profit for the financial year

2,813,012

1,047,488

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

S Abrahams - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 November 2023

3

17,449,502

3,274,999

20,724,504

Changes in equity

Dividends

-

(68,000

)

-

(68,000

)

Total comprehensive income

-

1,960,752

-

1,960,752

Balance at 31 October 2024

3

19,342,254

3,274,999

22,617,256

Changes in equity

Dividends

-

(82,000

)

-

(82,000

)

Total comprehensive income

-

2,841,832

-

2,841,832

Balance at 31 October 2025

3

22,102,086

3,274,999

25,377,088

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 November 2023

3

12,321,276

3,274,999

15,596,278

Changes in equity

Dividends

-

(68,000

)

-

(68,000

)

Total comprehensive income

-

1,047,488

-

1,047,488

Balance at 31 October 2024

3

13,300,764

3,274,999

16,575,766

Changes in equity

Dividends

-

(82,000

)

-

(82,000

)

Total comprehensive income

-

2,813,012

-

2,813,012

Balance at 31 October 2025

3

16,031,776

3,274,999

19,306,778

Cash flows from operating activities

Cash generated from operations

1

4,555,483

3,068,691

Interest paid

(175,797

)

(281,699

)

Interest element of hire purchase payments paid

(3,458

)

(1,732

)

Tax paid

(645,061

)

(664,755

)

Net cash from operating activities

3,731,167

2,120,505

Cash flows from investing activities

Purchase of tangible fixed assets

(2,554,846

)

(974,407

)

Sale of tangible fixed assets

45,000

-

Interest received

1,041

37,056

Net cash from investing activities

(2,508,805

)

(937,351

)

Cash flows from financing activities

New loans in year

904,546

526,613

Loan repayments in year

(1,139,916

)

(1,952,428

)

New HP in year

141,361

-

Capital repayments in year

(29,440

)

(486

)

Amount introduced by directors

101,000

1,803,079

Amount withdrawn by directors

(1,602,262

)

(1,697,895

)

Equity dividends paid

(82,000

)

(68,000

)

Net cash from financing activities

(1,706,711

)

(1,389,117

)

Decrease in cash and cash equivalents

(484,349

)

(205,963

)

Cash and cash equivalents at beginning of year

2

1,356,936

1,562,899

Cash and cash equivalents at end of year

2

872,587

1,356,936

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.10.25

31.10.24

£

£

Profit before taxation

3,763,711

2,559,290

Depreciation charges

533,464

480,873

Loss on disposal of fixed assets

150,082

-

Finance costs

179,255

283,431

Finance income

(1,041

)

(37,056

)

4,625,471

3,286,538

(Increase)/decrease in stocks

(713,656

)

882,330

Decrease in trade and other debtors

92,307

419,847

Increase/(decrease) in trade and other creditors

551,361

(1,520,024

)

Cash generated from operations

4,555,483

3,068,691

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

872,587

1,356,936

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

1,356,936

1,562,899

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

1,356,936

(484,349

)

872,587

1,356,936

(484,349

)

872,587

Debt

Finance leases

(9,097

)

(117,597

)

(126,694

)

Debts falling due within 1 year

(323,016

)

109,603

(213,413

)

Debts falling due after 1 year

(2,628,733

)

125,767

(2,502,966

)

(2,960,846

)

117,773

(2,843,073

)

Total

(1,603,910

)

(366,576

)

(1,970,486

)

1.	STATUTORY INFORMATION

West Country Park Homes 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 General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Group has taken advantage of the exemption allowed by FRS 102 and has not disclosed any related party transactions with wholly-owned Group entities and has not disclosed an entity profit and loss account or cash flow statement.

Basis of consolidation

The Group financial statements consolidate the financial statements of West Country Park Homes Limited and Purn Holiday Park Limited its subsidiary undertaking drawn up to 31 October 2025.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date the result. Intercompany transactions and balances between group companies are eliminated in full. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained.

Significant judgements and estimates

Impairment of assets including goodwill

The carrying amount of assets are reviewed to determine if there is any indication of impairment. An asset is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one or more events that has occurred after the initial recognition of the asset and that loss event has an impact on the estimated future cash flows of the financial assets that can be reliably estimated.

The amount of the loss is measured aas the difference between the asset's carrying amounts and the present value of estimated cash inflows. Any estimated loss is recognised in the Statement of Comprehensive Income.

Business Combinations

On business combinations an assessment is made of the fair value of assets and liabilities acquired. This principally required management to assess the value of acquired property and to identify whether there are any separable intangible assets on acquisition. Intangible assets are amortised over directors' estimate of their expected useful life.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue represents the amounts derived from the provision of goods and services which fall within the company's activities, stated net of VAT. Revenue is measured at the fair value of the consideration received, net of discounts, rebates and value added tax.

Income invoiced or cash received for site fees, holidays and other goods and services relating to future periods is included within deferred income.

Tangible fixed assets

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

Freehold buildings - 50 years

Plant and machinery etc - between 5 and 10 years

No depreciation is provided on freehold land.

Stocks

Stocks are valued at the lower of cost and net relalisable value, after making allowances for obsolete and slow moving items. Where an item of stock is acquired on a part exchange transaction with a customer, stock is initially recognised at the fair value of consideration receivable.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Stocks include goods held for resale.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

31.10.25

31.10.24

£

£

Wages and salaries

1,611,557

1,416,997

Social security costs

9,166

9,204

1,620,723

1,426,201

The average number of employees during the year was as follows:

31.10.25

31.10.24

72

70