ACCOUNTS - Final Accounts

The property was professionally valued by Avison Young (UK) Limited, independent chartered surveyors and RICS registered valuers, at £5,950,000 as at 22 January 2026. The valuation was based on market value and adopted by the director at 31 March 2026.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

Registered number: 00741967

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	RICE & COLE LIMITED


RICE & COLE LIMITED

COMPANY INFORMATION

Director	M.C. Annis


Registered number	00741967


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


RICE & COLE LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Statement of changes in equity	3
Notes to the financial statements	4 - 9


RICE & COLE LIMITED REGISTERED NUMBER:00741967

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		6,131,834		7,902,512
			6,131,834		7,902,512
Current assets
Stocks		1,471,101		613,685
Debtors: amounts falling due within one year	5	4,229,279		3,617,204
Cash at bank and in hand		69,334		122,287
		5,769,714		4,353,176
Creditors: amounts falling due within one year	6	(1,638,694)		(782,649)
Net current assets			4,131,020		3,570,527
Total assets less current liabilities			10,262,854		11,473,039
Creditors: amounts falling due after more than one year	7		-		(68,814)
Provisions for liabilities
Deferred tax		(1,231,828)		(1,804,538)
			(1,231,828)		(1,804,538)
Net assets			9,031,026		9,599,687

Capital and reserves
Allotted, called up and fully paid share capital	132	132
Revaluation reserve	4,000,837	5,281,401
Profit and loss account	5,030,057	4,318,154
	9,031,026	9,599,687

Page 1


RICE & COLE LIMITED REGISTERED NUMBER:00741967

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

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 4 to 9 form part of these financial statements.

Page 2


RICE & COLE LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2026

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2024	132	5,281,401	3,293,407	8,574,940
Comprehensive income for the year
Profit for the year	-	-	1,024,747	1,024,747
Total comprehensive income for the year	-	-	1,024,747	1,024,747

At 1 April 2025	132	5,281,401	4,318,154	9,599,687
Comprehensive income for the year
Profit for the year	-	-	711,903	711,903
Deficit on revaluation of freehold property	-	(1,848,356)	-	(1,848,356)
Deferred tax on revaluation	-	567,792	-	567,792
Total comprehensive loss for the year	-	(1,280,564)	711,903	(568,661)
At 31 March 2026	132	4,000,837	5,030,057	9,031,026

The notes on pages 4 to 9 form part of these financial statements.

Page 3


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Rice & Cole Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 2nd Floor Origin One, 108 High Street, Crawley, RH10 1BD. The principal place of business is Sea End Boathouse, Burnham-on-Crouch, Essex, CM0 8AN.

This Company is part of 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland 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 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.

Recharge of expenditure

The recharge of expenditure is recognised on an accruals basis in the period to which they relate.

Unit Sales

Sales of units are recognised when the risks and rewards of ownership are transferred to the customer, usually on legal completion when the park home agreement is signed or when legal completion takes place.

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.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

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.

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	-	10% - 33% reducing balance
Motor vehicles	-	15% - 25% reducing balance
Computer equipment	-	25% to 33% reducing balance

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 Statement of Comprehensive Income.

Page 5


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

Revaluation of tangible fixed assets

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 reporting 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.

2.7

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.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including the director who receieved no remuneration, during the year was 7 (2025 - 12).

Page 6


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2025	7,635,138	595,460	184,143	54,212	8,468,953
Additions	163,218	21,980	14,890	650	200,738
Disposals	-	(20,275)	(97,424)	-	(117,699)
Revaluations	(1,848,356)	-	-	-	(1,848,356)
At 31 March 2026	5,950,000	597,165	101,609	54,862	6,703,636
Depreciation
At 1 April 2025	-	441,257	73,785	51,399	566,441
Charge for the year on owned assets	-	18,215	17,993	1,152	37,360
Disposals	-	(18,533)	(13,466)	-	(31,999)
At 31 March 2026	-	440,939	78,312	52,551	571,802
Net book value
At 31 March 2026	5,950,000	156,226	23,297	2,311	6,131,834
At 31 March 2025	7,635,138	154,203	110,358	2,813	7,902,512


Cost	756,486	593,268
Net book value	756,486	593,268

Page 7


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	21,427	59,474
Amounts owed by group undertakings	4,133,022	3,497,095
Prepayments and accrued income	74,830	60,635
	4,229,279	3,617,204

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

Trade creditors	569,946	269,710
Corporation tax	284,907	250,000
Other taxation and social security	13,781	44,894
Obligations under finance lease and hire purchase contracts	707	16,520
Other creditors	4,063	96,598
Accruals and deferred income	765,290	104,927
	1,638,694	782,649

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Net obligations under finance leases and hire purchase contracts	-	68,814
	-	68,814

Within one year	707	16,520
Between 1-5 years	-	68,814
	707	85,334

Page 8


RICE & COLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

9.	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.

Not later than 1 year	9,757	7,000
Later than 1 year and not later than 5 years	15,638	18,219
	25,395	25,219

11.	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 group.

12.	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. 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

13.	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 9