Schooner Park Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11732616

Schooner Park Limited

Filleted Unaudited Financial Statements

31 March 2026

Schooner Park Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		4,337,420		4,280,466

Current assets

Stocks		431,626	460,733
Debtors	6	46,170	37,053
Cash at bank and in hand		52,640	59,871
		---------	---------
		530,436	557,657

Creditors: amounts falling due within one year	7	290,136		372,070
		---------		---------
Net current assets			240,300		185,587
			------------		------------
Total assets less current liabilities			4,577,720		4,466,053

Creditors: amounts falling due after more than one year	8	4,743,150	4,710,886
		------------	------------
Net liabilities		( 165,430)	( 244,833)
		------------	------------

Capital and reserves

Called up share capital	9	1,000	1,000
Profit and loss account		( 166,430)	( 245,833)
		---------	---------
Shareholders deficit		( 165,430)	( 244,833)
		---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 .

Schooner Park Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 5 November 2026 , and are signed on behalf of the board by:

Mr D Harris

Director

Company registration number: 11732616

Schooner Park Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Office Templeton Park, Bakers Lane, West Hanningfield, Essex, CM2 8LF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's directors and other creditors. The directors have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. The company is continuing to meet debts as they fall due and therefore the directors consider the going concern basis is appropriate.

Revenue recognition

Turnover represents net invoiced sale of mobile homes, commission and profit thereon and rental income, excluding value added tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Freehold property	-	2% straight line for buildings, 0% for land
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	20% reducing balance
Computer equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025	4,305,150	33,513	2,744	1,906	4,343,313
Additions	56,559	20,980	–	–	77,539
	------------	--------	-------	-------	------------
At 31 March 2026	4,361,709	54,493	2,744	1,906	4,420,852
	------------	--------	-------	-------	------------
Depreciation
At 1 April 2025	39,087	20,041	2,010	1,709	62,847
Charge for the year	14,650	5,723	147	65	20,585
	------------	--------	-------	-------	------------
At 31 March 2026	53,737	25,764	2,157	1,774	83,432
	------------	--------	-------	-------	------------
Carrying amount
At 31 March 2026	4,307,972	28,729	587	132	4,337,420
	------------	--------	-------	-------	------------
At 31 March 2025	4,266,063	13,472	734	197	4,280,466
	------------	--------	-------	-------	------------

6. Debtors

	2026	2025
	£	£
Trade debtors	5,391	5,031
Prepayments and accrued income	35,975	7,633
Other debtors	4,804	24,389
	--------	--------
	46,170	37,053
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	120,961	204,928
Trade creditors	28,974	35,325
Accruals and deferred income	111,883	109,761
Corporation tax	22,318	12,056
Other creditors	6,000	10,000
	---------	---------
	290,136	372,070
	---------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	4,022,323	4,074,366
Amounts owed to group undertakings	720,827	636,520
	------------	------------
	4,743,150	4,710,886
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

10. Charges on assets

The company's bank borrowings are secured by a debenture and a legal charge, both in favour of National Westminster Bank plc as follows:-

Debenture created 02/04/2019:

All monies due or to become due from the company to the Chargee on any account whatsoever are secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled share capital, buildings, fixtures and fixed plant and machinery.

Legal charge created 04/4/2019:

All monies due or to become due from the company to the Chargee on any account whatsoever are secured by a legal charge on Schooner Park, Cnwc Y Lili, New Quay, Ceredigion, Wales, SA45 9S . This is by way of fixed charge on any other interest in the property, all rents receivable and all plant, machinery, fixtures, fittings, furniture, equipment, implements, utensils, the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.

11. Related party transactions

At the year end the company owes related parties £720,827 (2025: £636,520) which is shown amongst debtors.

12. Controlling party

The overall controlling party is Dayliss Holdings Limited which owns 100% of the issued share capital.