Company registration number: 06864331
COMPANY INFORMATION
CONTENTS
STATEMENT OF FINANCIAL POSITION
AS AT 28 MARCH 2026
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 8 form part of these financial statements.
Page 1
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 MARCH 2026
Page 2
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
Yarwell Estates Limited is a private company limited by shares incorporated in England and Wales. Details of the Company's registered office can be found on the Company information page. The Company's principal place of business is Yarwell Mill Country Park, Mill Road, Peterborough, PE8 6PZ.
The Company is part of the Monte Carlo Parks Ltd Group.
The Company's functional and presentation currency is GBP, rounded to the nearest £1.
The Company is part of the Monte Carlo Parks Ltd Group.
The Company's functional and presentation currency is GBP, rounded to the nearest £1.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Pitch fees
Pitch fees are recognised on an accruals basis in the period to which they relate.
Sales of park homes, caravans and other items
Sales of park homes, caravans and other items are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place.
Commissions
Commissions are recognised on an accruals basis in the period to which they relate.
Part Exchange
Revenue from the sale of properties acquired through part-exchange arrangements is recognised upon legal completion of the sale, when control passes to the purchaser.
Page 3
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
2.Accounting policies (continued)
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 4
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
2.Accounting policies (continued)
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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 the Statement of comprehensive income.
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 the Statement of comprehensive income.
The Company has no employees other than the directors who did not receive any remuneration (2025 - Nil).
Page 5
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
The freehold property was revalued by Avison Young (UK) Limited on 13 March 2024 on an open market basis on an operational basis. The director believes that this represents the valuation at 28 March 2026.
Page 6
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
A contingent liability exists in respect of Group borrowings of £20,318,459 (2025: £21,216,283) at the year end date in respect of an unlimited multilateral guarantee in favour of HSBC Plc. The guarantee is given by Monte Carlo Parks Ltd, Five Furlongs Country Park Ltd, Red River Country Park Ltd, Rice & Cole Ltd, Arkley Estates Ltd, Lutterworth Country Park Ltd, Havenwood Country Park Ltd, Willoway Mobile Home Park Ltd, Walton Hall Manor Country Park Ltd, Yarwell Estates Ltd and Hemsby Estates Ltd.
The guarantee is secured by a fixed charge over the Group's freehold and leasehold properties and a floating charge over all Group assets both present and future.
The guarantee is secured by a fixed charge over the Group's freehold and leasehold properties and a floating charge over all Group assets both present and future.
The immediate parent undertaking is Monte Carlo Parks Ltd.
The ultimate parent undertaking and the largest group to consolidate these financial statements is Monte Carlo Parks Ltd. Copies of the Monte Carlo Parks Ltd consolidated financial statements can be obtained from Companies House.
The ultimate controlling party is M. C. Annis by virtue of his 75% shareholding in Monte Carlo Parks Ltd.
The ultimate parent undertaking and the largest group to consolidate these financial statements is Monte Carlo Parks Ltd. Copies of the Monte Carlo Parks Ltd consolidated financial statements can be obtained from Companies House.
The ultimate controlling party is M. C. Annis by virtue of his 75% shareholding in Monte Carlo Parks Ltd.
Page 7
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2026
The audit report was signed on 9 September 2026 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP .
Page 8