REGISTERED NUMBER: 05150037 (England and Wales)

MCCARTHY CARAVANS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr P C McCarthy

Mr J McCarthy

Mrs H McCarthy

Mr M McCarthy

Secretary:

Mrs K Brocklebank

Registered office:

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Business address:

Castle View, Sunny Bank

Borwick Road

Capernwray

CARNFORTH

LA6 1FE

Registered number:

05150037 (England and Wales)

Accountants:

Xeinadin

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Bankers:

Barclays Bank Plc

38 Market Street

LANCASTER

LA1 1HR

Fixed assets

Tangible assets

4

2,843,429

2,809,108

Investments

5

1,250

1,250

Investment property

6

9,424,051

5,661,636

12,268,730

8,471,994

Current assets

Stocks

528,534

440,846

Debtors

7

5,932,013

10,204,805

Investments

8

-

950

Prepayments and accrued income

13,279

15,572

Cash at bank and in hand

992,115

833,990

7,465,941

11,496,163

Creditors

Amounts falling due within one year

9

878,864

443,084

Net current assets

6,587,077

11,053,079

Total assets less current liabilities

18,855,807

19,525,073

Creditors

Amounts falling due after more than one year

10

(6,566,051

)

(8,153,510

)

Provisions for liabilities

(542,796

)

(538,243

)

Accruals and deferred income

(823,559

)

(733,825

)

Net assets

10,923,401

10,099,495

Capital and reserves

Called up share capital

100

100

Non-distributable reserve

1,086,144

1,086,144

Retained earnings

9,837,157

9,013,251

10,923,401

10,099,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Mr J McCarthy - Director

1.	Statutory information

McCarthy Caravans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 6 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2024

2,624,895

422,887

3,047,782

Additions

45,804

20,868

66,672

At 31 March 2025

2,670,699

443,755

3,114,454

Depreciation

At 1 April 2024

-

238,674

238,674

Charge for year

-

32,351

32,351

At 31 March 2025

-

271,025

271,025

Net book value

At 31 March 2025

2,670,699

172,730

2,843,429

At 31 March 2024

2,624,895

184,213

2,809,108

5.	Fixed asset investments

Other

investments

£

Cost

At 1 April 2024

and 31 March 2025

1,250

Net book value

At 31 March 2025

1,250

At 31 March 2024

1,250

6.	Investment property

Total

£

Fair value

At 1 April 2024

5,661,636

Additions

3,762,415

At 31 March 2025

9,424,051

Net book value

At 31 March 2025

9,424,051

At 31 March 2024

5,661,636

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,448,192

Cost

7,975,859

9,424,051

Investment property was valued on market value - trading basis on 17 May 2023 by J Such MRICS .

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

56,762

84,098

Amounts owed by group undertakings

-

3,716,488

Other debtors

5,875,251

6,404,219

5,932,013

10,204,805

8.	Current asset investments

2025

2024

£

£

Shares in group undertakings

-

950

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

167,107

257,654

Hire purchase contracts

-

10,971

Trade creditors

142,968

66,916

Taxation and social security

269,490

95,689

Other creditors

299,299

11,854

878,864

443,084

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

6,562,718

8,148,510

Other creditors

3,333

5,000

6,566,051

8,153,510

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,729,825

8,406,164

The bank loan is secured by a Freehold 1st Legal charge held by National Westminster Bank Plc on the properties known as Castleview, The Glade, Ladies Mile and Pendle View Holiday Park.

12.	Related party disclosures