Newport Caravan Park (Norfolk) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00775308

Newport Caravan Park (Norfolk) Limited

Unaudited financial statements

31 March 2025

Newport Caravan Park (Norfolk) Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,028,477		1,044,629

Current assets

Stocks		65,218	68,376
Debtors	6	251,352	241,686
Cash at bank and in hand		132,570	104,659
		---------	---------
		449,140	414,721

Creditors: Amounts falling due within one year	7	( 617,869)		( 541,229)
		---------		---------
Net current liabilities			( 168,729)		( 126,508)
			-----------		-----------
Total assets less current liabilities			859,748		918,121

Creditors: Amounts falling due after more than one year	8	( 142,769)	( 179,354)
		---------	---------
Net assets		716,979	738,767
		---------	---------

Capital and reserves

Called up share capital	9	26,135	26,135
Revaluation reserve		551,500	556,000
Capital redemption reserve		12,868	12,868
Profit and loss account		126,476	143,764
		---------	---------
Shareholders funds		716,979	738,767
		---------	---------

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 income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Newport Caravan Park (Norfolk) Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

I Pratt
Director

Company registration number: 00775308

Newport Caravan Park (Norfolk) Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newport Road, Hemsby, Great Yarmouth, Norfolk.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

All fixed assets are initially recorded at cost. The company has taken advantage of the transitional provisions available in the Financial Reporting Standard for Smaller Entities and has chosen not to update the revaluation of its properties carried out in 1992.

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
Plant & Machinery	-	10% straight line
Motor Vehicles	-	20% straight line
Equipment	-	25% straight line

An amount equal to the excess of the annual depreciation charge on revalued assets over notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss account.

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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 11 (2024: 12 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,220,119	608,288	21,630	21,929	1,871,966
	-----------	---------	-------	-------	-----------
Depreciation
At 1 April 2024	228,542	555,236	21,630	21,929	827,337
Charge for the year	8,703	7,449	–	–	16,152
	-----------	---------	-------	-------	-----------
At 31 March 2025	237,245	562,685	21,630	21,929	843,489
	-----------	---------	-------	-------	-----------
Carrying amount
At 31 March 2025	982,874	45,603	–	–	1,028,477
	-----------	---------	-------	-------	-----------
At 31 March 2024	991,577	53,052	–	–	1,044,629
	-----------	---------	-------	-------	-----------

Tangible assets held at valuation

2025 2024 £ £

At 1992 professional valuation	900,000	900,000
At cost	210,152	210,152
	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	9,694	9,882
Other debtors	241,658	231,804
	---------	---------
	251,352	241,686
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	58,590	48,150
Trade creditors	21,388	34,684
Social security and other taxes	84,969	20,377
Other creditors	452,922	438,018
	---------	---------
	617,869	541,229
	---------	---------

Bank loans and overdrafts are secured by a mortgage on the freehold property and by a floating charge over the assets of the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	142,769	179,354
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £12,885) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Bank loans are secured by a mortgage on the freehold property and by a floating charge over the assets of the company.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	26,135	26,135	26,135	26,135
	-------	-------	-------	-------

10. Director's advances, credits and guarantees

During the year the director operated a loan with the company at HM Revenue & Customs approved interest rates. At 31 March 2025, I Pratt owed the company £189,174 (2024: £174,268). The maximum outstanding during the year was £189,174.