ACCOUNTS - Final Accounts preparation

Company registration number: 12824304

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	HEMSBY ESTATES LIMITED


HEMSBY ESTATES LIMITED

COMPANY INFORMATION

Director	M. C. Annis


Registered number	12824304


Registered office	2nd Floor, Origin One
	108 High Street
	Crawley
	West Sussex
	RH10 1BD


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


HEMSBY ESTATES LIMITED

CONTENTS

	Page
Statement of financial position	1
Statement of changes in equity	2
Notes to the financial statements	3 - 7


HEMSBY ESTATES LIMITED REGISTERED NUMBER:12824304

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		7,064,267		6,915,652
			7,064,267		6,915,652
Current assets
Stocks		791,402		98,643
Debtors: amounts falling due within one year	5	162,282		78,623
Cash at bank and in hand		229,237		587,176
		1,182,921		764,442
Creditors: amounts falling due within one year	6	(7,411,674)		(7,645,479)
Net current liabilities			(6,228,753)		(6,881,037)
Total assets less current liabilities			835,514		34,615
Provisions for liabilities
Deferred tax		(25,294)		(638)
			(25,294)		(638)
Net assets			810,220		33,977

Capital and reserves
Allotted, called up and fully paid share capital	100	100
Profit and loss account	810,120	33,877
Total equity	810,220	33,977

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:

M. C. Annis

Director

Date: 9 September 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 1


HEMSBY ESTATES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	100	-	100
Comprehensive income for the year
Profit for the year	-	33,877	33,877
Total comprehensive income for the year	-	33,877	33,877

At 1 April 2025	100	33,877	33,977
Comprehensive income for the year
Profit for the year	-	776,243	776,243
Total comprehensive income for the year	-	776,243	776,243
At 31 March 2026	100	810,120	810,220

The notes on pages 3 to 7 form part of these financial statements.

Page 2


HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Hemsby Estates Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is 2nd Floor, Origin One, 108 High Street, Crawley, RH10 1BD. The principal place of business is Newport Road, Hemsby, Great Yarmouth, Norfolk, NR29 4NW.

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

2.1

Basis of preparation of financial statements

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:

2.2

Revenue

Revenue is recognised by the Company to the extent that it obtains the right to consideration in exchange for its performance. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. Monies received in advance are treated as deferred income and held as payments on account.

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.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Current and deferred taxation

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.

Page 3


HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Current and deferred taxation (continued)

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.

2.5

Tangible fixed assets

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.

Depreciation 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:

Freehold property	-	Not depreciated
Plant and machinery	-	5-10% straight line
Fixtures and fittings	-	20% reducing balance
Office equipment	-	20-50% straight line

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.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

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.

Page 4


HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.7

Financial instruments

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.

Employees

The average monthly number of employees, including the director who received no remuneration, during the year was 1 (2025 - 1).

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	6,909,248	-	5,736	716	6,915,700
Additions	20,735	4,780	123,054	1,499	150,068
At 31 March 2026	6,929,983	4,780	128,790	2,215	7,065,768
Depreciation
At 1 April 2025	-	-	48	-	48
Charge for the year	-	278	634	541	1,453
At 31 March 2026	-	278	682	541	1,501
Net book value
At 31 March 2026	6,929,983	4,502	128,108	1,674	7,064,267
At 31 March 2025	6,909,248	-	5,688	716	6,915,652

Page 5


HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	142,716	69,001
Other debtors	14,694	9,343
Prepayments and accrued income	4,872	279
	162,282	78,623

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	322,068	214,561
Amounts owed to group undertakings	6,282,895	6,824,226
Corporation tax	188,589	792
Other taxation and social security	94,104	89,176
Accruals and deferred income	524,018	516,724
	7,411,674	7,645,479

7.	Contingent liabilities

A contingent liability exists in respect of group borrowings of £20,318,459 (2025: £21,216,283) at the balance sheet 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.

8.	Related party transactions
	The Company has taken advantage of the exemption available within FRS 102 Section 33.1A, from disclosing transactions entered into with entities which are a wholly owned part of the Monte Carlo Parks Ltd group.

Page 6


HEMSBY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

9.	Controlling party

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 whose registered office address is Origin One 108 High Street Crawley West Sussex RH10 1BD. 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.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2026 was unqualified.

The audit report was signed on 9 September 2026 by Andrew Hookway FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7