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Registered number: 10193207
SHOTLEY COUNTRY PARK LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2025
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SHOTLEY COUNTRY PARK LIMITED
REGISTERED NUMBER: 10193207
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Stock and work in progress
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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Page 1
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SHOTLEY COUNTRY PARK LIMITED
REGISTERED NUMBER: 10193207
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
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:
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Mr A J Barney
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The notes on pages 3 to 10 form part of these financial statements.
Page 2
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Shotley Country Park Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is 213 Cromford Road, Langley Mill, Nottingham, NG16 4EU. The principal place of activity is Gate Farm Road, Shotley Gate, Ipswich, IP9 1QH.
The principal activity of the Company continued to be that of a residential park.
The Company is part of the Barney Group 1 Ltd Group and group accounts can be obtained from Companies House.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 Company's functional and presentational currency is Pounds sterling.
The level of rounding is to the nearest £.
The following principal accounting policies have been applied:
The directors have considered the going concern basis in preparing these financial statements.
The current plans and forecasts indicate that the company will require the continued support of the group for the foreseeable future and the directors are confident that the group has the intention and ability to provide the support required.
Accordingly the directors consider it appropriate to prepare the financial statements on the going concern basis and no adjustments have been made should the company not be able to continue as a going concern.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of park homes on normal terms
The transaction is recognised on exchange of contract.
Pitch fees
The transaction is recognised in equal monthly instalments over the term of the rental agreement.
Recharge for utilities
The transaction is recognised as the service are rendered.
Page 3
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
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CORPORATION AND DEFERRED TAXATION
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The tax expense for the year comprises corporation 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet date.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill has not been amortised.
Page 4
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
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.
No depreciation has been provided on freehold property as the property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material, and therefore is not charged to the profit and loss account.
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REVALUATION OF TANGIBLE FIXED ASSETS
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Individual freehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
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STOCK AND WORK IN PROGRESS
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Stock and work in progress is stated at the lower of cost and net realisable value.
At each balance sheet date, stock and work in progress is assessed for impairment. If stock and work in progress 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Page 5
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.ACCOUNTING POLICIES (CONTINUED)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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 objectives evidence of impairment is found an impairment loss is recognised in the Statement of Comprehensive Income.
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JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
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Stock valuation
Pitch development is currently held at cost being £56,973 (March 2025 - £56,973). Whilst the park remains closed, in the judgement of the directors due to the planning potential the open market value of the stock materially exceeds its carrying value.
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The average monthly number of employees, including directors, during the period was 2 (March 2025 - 2)
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Page 6
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Charge for the period on owned assets
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Cost or valuation at 31 December 2025 is as follows:
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31 October 2020 Performed by Avison Young
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If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
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The property was professionally valued in October 2020 by Avison Young, at market value, the directors adopted this valuation as at 31 March 2021. In the view of the Directors, as at 31 December 2025 the valuation of the property has not materially changed from the previous professional valuation.
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Page 7
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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STOCKS AND WORK IN PROGRESS
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Amounts owed by group undertakings
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Prepayments and accrued income
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CREDITORS: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Page 8
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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At the beginning of period
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Charged to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Revaluation of freehold property
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Allotted, called up and fully paid
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100 (2025 - 100) Ordinary shares of £1.00 each
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The company is jointly and severally liable in respect of the Parent Company’s bank loan facilities, which comprises revolving loan facilities with a combined maximum drawdown of £35m. This is secured by fixed and floating charges over all the property or undertakings of the Company. At the end of the period the total amount drawn down was £15.29m (March 2025 - £25.94m).
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RELATED PARTY TRANSACTIONS
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During the period the Company operated loans with other group companies and its parent company. The net amounts owed to other group companies and its parent company at the period end was £894,479 (Year ended 31 March 2025 - £885,748). These loans are interest free, unsecured and repayable on demand.
During the period the Company incurred management charges from other group companies of £11,250 (Year ended 31 March 2025 - £15,000). All management charges are made on an arms length basis.
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Page 9
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SHOTLEY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
The Immediate Parent Undertaking is Baslow Holdings Developments Limited, by virtue of its 100% controlling interest in Shotley Country Park Limited.
The Ultimate Parent Undertaking is Barney Group 1 Ltd.
The Ultimate Controlling parties are Mr A J Barney and Mrs D M Barney by virtue of their 100% shareholding in Barney Group 1 Ltd.
The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified.
The audit report was signed on 30 June 2026 by Andrew Timms (Senior Statutory Auditor) on behalf of UHY Hacker Young.
Page 10
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