Cope & Co Caravans Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08402223

Cope & Co Caravans Limited

Filleted Unaudited Financial Statements

31 December 2025

Cope & Co Caravans Limited

Financial Statements

Year ended 31 December 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Cope & Co Caravans Limited

Officers and Professional Advisers

The board of directors	Mr David Cope
	Mrs Penny Cope
	Mr Daniel Cope
	Mrs Lucy Thomas

Registered office	Hill Park Caravan Site
	Pentlepoir
	Saundersfoot
	SA69 9BH

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

Cope & Co Caravans Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

FIXED ASSETS

Intangible assets	5	60,000	120,000
Tangible assets	6	1,655,894	1,604,825
		------------	------------
		1,715,894	1,724,825

CURRENT ASSETS

Stocks	7	250,869	154,902
Debtors	8	89,827	63,186
Cash at bank and in hand		466,668	422,691
		---------	---------
		807,364	640,779

CREDITORS: amounts falling due within one year	9	1,546,753	1,564,195
		------------	------------
NET CURRENT LIABILITIES		739,389	923,416
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		976,505	801,409

PROVISIONS

Taxation including deferred tax	53,882	34,125
	---------	---------
NET ASSETS	922,623	767,284
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	2	2
Profit and loss account		922,621	767,282
		---------	---------
SHAREHOLDERS FUNDS		922,623	767,284
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cope & Co Caravans Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mrs Penny Cope

Director

Company registration number: 08402223

Cope & Co Caravans Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. GENERAL INFORMATION

Cope & Co Caravans Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities is ownership and management of two holiday parks, and related activities.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 December 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Going concern

The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below. Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. Stock provisioning The company sells caravans and household goods and is subject to consumer demands. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability. Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. Goodwill and intangible fixed assets Accounting standards require the recognition of intangible assets as part of a business combination. The methods used to value such intangible assets require the use of estimates. Future results are impacted by the amortization periods adopted and changes to the estimated useful lives would result in different effects on the profit and loss account and balance sheet. Goodwill is amortized and tested at least annually for impairment along with finite lives of intangible assets and other assets. Tests for impairment are based on subjective assumptions. Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Pitch rentals Revenue from pitch rentals is recognised over the period for which the rental relates. Caravan sales Revenue from caravan sales is recognised when the company has fulfilled all of its obligations in respect of the sale which is typically when all the proceeds have been received and the keys are handed over. Revenue from pitch fees is recognised evenly over a twelve month period to which it relates. Shop sales Revenue from shop sales is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods. Interest receivable Interest income is recognised using the effective interest method.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 3 years. Provision is made for any impairment.

Amortisation

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

	Goodwill	-	5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	20% per annum of cost
Fixtures & Fittings	-	15% per annum of cost
Motor Vehicles	-	25% per annum of cost

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	575,000
	---------
Amortisation
At 1 January 2025	455,000
Charge for the year	60,000
	---------
At 31 December 2025	515,000
	---------
Carrying amount
At 31 December 2025	60,000
	---------
At 31 December 2024	120,000
	---------

In 2021, a new caravan site was purchased. The goodwill attributed is being amortised over 5 years. In the opinion of the directors this is a prudent estimate of the period over which the company will derive economic benefit from the acquisition.

6. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	1,419,092	444,476	56,892	100,343	2,020,803
Additions	–	118,854	–	–	118,854
Disposals	–	( 23,000)	–	( 17,450)	( 40,450)
	------------	---------	--------	---------	------------
At 31 December 2025	1,419,092	540,330	56,892	82,893	2,099,207
	------------	---------	--------	---------	------------
Depreciation
At 1 January 2025	–	305,668	19,968	90,342	415,978
Charge for the year	–	34,305	6,855	2,125	43,285
Disposals	–	–	–	( 15,950)	( 15,950)
	------------	---------	--------	---------	------------
At 31 December 2025	–	339,973	26,823	76,517	443,313
	------------	---------	--------	---------	------------
Carrying amount
At 31 December 2025	1,419,092	200,357	30,069	6,376	1,655,894
	------------	---------	--------	---------	------------
At 31 December 2024	1,419,092	138,808	36,924	10,001	1,604,825
	------------	---------	--------	---------	------------

7. STOCKS

	2025	2024
	£	£
Raw materials and consumables	250,869	154,902
	---------	---------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	29,206	26,404
Other debtors	60,621	36,782
	--------	--------
	89,827	63,186
	--------	--------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	530	201
Corporation tax	98,879	110,407
Social security and other taxes	2,739	38,907
Other creditors	1,444,605	1,414,680
	------------	------------
	1,546,753	1,564,195
	------------	------------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 0.01 each	52	1	52	1
B Ordinary shares of £ 0.01 each	52	1	52	1
C Ordinary shares of £ 0.01 each	48	–	48	–
D Ordinary shares of £ 0.01 each	48	–	48	–
	----	----	----	----
	200	2	200	2
	----	----	----	----

11. RELATED PARTY TRANSACTIONS

The aggregated amount of transactions due with related parties is as follows: Key Management Personnel

	2025	2024
	£	£
Balance due to/(from) Key Management Personnel	719,427	736,501

No interest has been incurred in relation to balances with key management personnel. Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.

12. PARENT UNDERTAKINGS

The ultimate parent company is Cope & Co Holdings Limited, a company registered in Great Britain. Its registered office is Hillpark Caravans, Pentlepoir, Saundersfoot, Wales, SA69 9BH.