Muirkirk Caravan Park 2004 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05099214 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Muirkirk Caravan Park 2004 Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

J Mounsey

Mrs R J I Mounsey

REGISTERED OFFICE:

Russell Chambers

61A North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

05099214 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

4

473,247

135,530

Investments

5

76

-

473,323

135,530

CURRENT ASSETS

Stocks

6

18,000

18,000

Debtors

7

425,628

22,015

Cash at bank

7,195

12,541

450,823

52,556

CREDITORS

Amounts falling due within one year

8

(523,491

)

(328,630

)

NET CURRENT LIABILITIES

(72,668

)

(276,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

400,655

(140,544

)

CREDITORS

Amounts falling due after more than one year

9

(203,673

)

(9,797

)

PROVISIONS FOR LIABILITIES

(38,351

)

-

NET ASSETS/(LIABILITIES)

158,631

(150,341

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

158,531

(150,441

)

SHAREHOLDERS' FUNDS

158,631

(150,341

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 20 October 2020 and were signed on its behalf by:

J Mounsey - Director

1.	STATUTORY INFORMATION

Muirkirk Caravan Park 2004 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Muirkirk Caravan Park 2004 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 May 2019

271,398

58,652

-

330,050

Additions

-

-

23,800

23,800

Disposals

-

(20,375

)

-

(20,375

)

Revaluations

178,602

-

-

178,602

At 30 April 2020

450,000

38,277

23,800

512,077

DEPRECIATION

At 1 May 2019

157,087

37,433

-

194,520

Charge for year

-

4,244

4,760

9,004

Eliminated on disposal

-

(7,607

)

-

(7,607

)

Charge written back

(157,087

)

-

-

(157,087

)

At 30 April 2020

-

34,070

4,760

38,830

NET BOOK VALUE

At 30 April 2020

450,000

4,207

19,040

473,247

At 30 April 2019

114,311

21,219

-

135,530

Cost or valuation at 30 April 2020 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Valuation in 2020

178,602

-

-

178,602

Cost

271,398

38,277

23,800

333,475

450,000

38,277

23,800

512,077

If freehold property had not been revalued it would have been included at the following historical cost:

30.4.20

30.4.19

£

£

Cost

271,398

271,398

Aggregate depreciation

165,229

157,087

Value of land in freehold land and buildings

106,169

114,311

Freehold property were valued on an open market basis on 30 April 2020 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

Additions

23,800

At 30 April 2020

23,800

DEPRECIATION

Charge for year

4,760

At 30 April 2020

4,760

NET BOOK VALUE

At 30 April 2020

19,040

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

76

At 30 April 2020

76

NET BOOK VALUE

At 30 April 2020

76

6.

STOCKS

30.4.20

30.4.19

£

£

Stocks

18,000

18,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

18,150

18,150

Amounts owed by group undertakings

397,349

-

Other debtors

8,790

2,765

Prepayments

1,339

1,100

425,628

22,015

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts (see note 10)

10,214

14,136

Hire purchase contracts

4,071

3,359

Trade creditors

799

60,413

Social security and other taxes

5,021

5,021

Directors' current accounts

500,886

240,196

Accrued expenses

2,500

5,505

523,491

328,630

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans (see note 10)

187,728

-

Hire purchase contracts

15,945

9,797

203,673

9,797

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

142,732

-

10.

LOANS

An analysis of the maturity of loans is given below:

30.4.20

30.4.19

£

£

Amounts falling due within one year or on demand:

Bank loans

10,214

14,136

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,612

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

34,384

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

142,732

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.20

30.4.19

£

£

Bank loans

197,942

-

Hire purchase contracts

20,016

13,156

217,958

13,156

12.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their respective shareholdings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Muirkirk Caravan Park 2004 Limited for the year ended 30 April 2020 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Muirkirk Caravan Park 2004 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Muirkirk Caravan Park 2004 Limited and state those matters that we have agreed to state to the Board of Directors of Muirkirk Caravan Park 2004 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Muirkirk Caravan Park 2004 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Muirkirk Caravan Park 2004 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Muirkirk Caravan Park 2004 Limited. You consider that Muirkirk Caravan Park 2004 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Muirkirk Caravan Park 2004 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

20 October 2020