| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Oak Tree Parks Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Oak Tree Parks Limited |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Balance Sheet - continued |
| 31 March 2025 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Oak Tree Parks Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Summary of significant accounting policies and key accounting estimates |
| Turnover recognition |
| Turnover represents amounts chargeable, net of value added tax in respect of caravan sales, recharged costs, pitch fees and rental income receivable in the ordinary course of the company's activities. Turnover is recognised for caravan sales upon transfer of ownership of the caravan to the customer and recognised upon services provided for recharged costs, pitch fees and rental income. |
| Turnover is adjusted to ensure that income invoiced in advance of services being provided is deferred and recognised in the appropriate period. |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| All fixed assets are initially recorded at cost. |
| Tools costing less than £1,000 are written off directly to the profit and loss account. |
| An assessment of the net realisable value of the property at market value has been undertaken. On the basis that the property will be maintained and such repair costs will be charged to the profit and loss account, it is the view of the Directors that the net realisable value equates to market value. Depreciation is charged on freehold property (excluding land) on the market value less the estimated residual value over 50 years. On the basis of the above, no charge is deemed necessary. |
| Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards. |
| Shortfall between the carrying value of fixed asset and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairments on revalued assets, except those caused by a clear consumption of economic benefit, are recognised directly within equity until the carrying amount reaches depreciated historical cost. All other impairment losses are recognised in the profit and loss account. |
| Investment property |
| Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Net realisable value is based on selling price less anticipated costs to completion and selling costs. |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Classification |
| The company holds the following financial instruments: |
| Short term debtors and creditors; |
| Cash and bank balances; and |
| Unlisted investments. |
| All financial instruments are classified as basic. |
| Recognition and measurement |
| The company has elected to apply the provisions FRS102 to all of its financial instruments. |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled. |
| Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Defined contribution pension obligation |
| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. |
| Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and | Plant and | Motor |
| buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Land and | Plant and | Motor |
| buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2021 | 11,873,474 | - | - | 11,873,474 |
| Cost | 4,851,684 | 111,942 | 144,997 | 5,108,623 |
| 16,725,158 | 111,942 | 144,997 | 16,982,097 |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 4,851,684 | 4,851,684 |
| Aggregate depreciation | 149,029 | 149,029 |
| Freehold land and buildings were valued on an open market basis on 5 July 2021 by Sanderson Weatherall . |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Revaluations | (21,028 | ) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2025 | 766,995 |
| Cost | 1,095,660 |
| 1,862,655 |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 1,095,660 | 1,095,660 |
| Investment property was valued on an open market basis on 31 March 2025 by the Directors . |
| 7. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| 8. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| VAT | 22,358 | 29,263 |
| Other creditors |
| Oak Tree Parks Limited (Registered number: 01062409) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | RELATED PARTY DISCLOSURES |
| Acorn Parks Limited |
| (A company under common control) |
| The company has provided a secured debenture guarantee to HSBC in relation to the borrowings in Acorn Parks Limited. The debenture, comprising of fixed and floating charges over all assets and undertakings of Oak Tree Parks Limited, including all present and future freehold and leasehold property, debts, chattels, goodwill and uncalled capital, is limited to £500,000. |
| The company has also provided a loan account to Acorn Parks Limited which is unsecured, interest free and there are no set repayment terms. The amount receivable by the company at the end was £738,271 (2024: £1,189,086). |