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 2021

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

469,711

473,247

Investments

5

76

76

469,787

473,323

CURRENT ASSETS

Stocks

6

32,608

18,000

Debtors

7

482,828

425,628

Cash at bank

39,453

7,195

554,889

450,823

CREDITORS

Amounts falling due within one year

8

(573,932

)

(523,491

)

NET CURRENT LIABILITIES

(19,043

)

(72,668

)

TOTAL ASSETS LESS CURRENT LIABILITIES

450,744

400,655

CREDITORS

Amounts falling due after more than one year

9

(218,261

)

(203,673

)

PROVISIONS FOR LIABILITIES

(37,679

)

(38,351

)

NET ASSETS

194,804

158,631

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

194,704

158,531

SHAREHOLDERS' FUNDS

194,804

158,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2022 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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 May 2020

450,000

38,277

23,800

512,077

Additions

-

1,391

-

1,391

At 30 April 2021

450,000

39,668

23,800

513,468

DEPRECIATION

At 1 May 2020

-

34,070

4,760

38,830

Charge for year

-

1,119

3,808

4,927

At 30 April 2021

-

35,189

8,568

43,757

NET BOOK VALUE

At 30 April 2021

450,000

4,479

15,232

469,711

At 30 April 2020

450,000

4,207

19,040

473,247

Cost or valuation at 30 April 2021 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Valuation in 2020

178,602

-

-

178,602

Cost

271,398

39,668

23,800

334,866

450,000

39,668

23,800

513,468

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

30.4.21

30.4.20

£

£

Cost

271,398

271,398

Aggregate depreciation

165,229

165,229

Value of land in freehold land and buildings

106,169

106,169

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

At 1 May 2020

and 30 April 2021

23,800

DEPRECIATION

At 1 May 2020

4,760

Charge for year

3,808

At 30 April 2021

8,568

NET BOOK VALUE

At 30 April 2021

15,232

At 30 April 2020

19,040

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2020

and 30 April 2021

76

NET BOOK VALUE

At 30 April 2021

76

At 30 April 2020

76

6.

STOCKS

30.4.21

30.4.20

£

£

Stocks

32,608

18,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

95,280

18,150

Amounts owed by group undertakings

386,249

397,349

Other debtors

-

8,790

Prepayments

1,299

1,339

482,828

425,628

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts (see note 10)

16,650

10,214

Hire purchase contracts

4,071

4,071

Trade creditors

800

799

Social security and other taxes

5,021

5,021

VAT

126

-

Directors' current accounts

480,489

500,886

Accruals and deferred income

66,775

2,500

573,932

523,491

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans (see note 10)

206,387

187,728

Hire purchase contracts

11,874

15,945

218,261

203,673

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

130,733

142,732

10.

LOANS

An analysis of the maturity of loans is given below:

30.4.21

30.4.20

£

£

Amounts falling due within one year or on demand:

Bank loans

16,650

10,214

Amounts falling due between one and two years:

Bank loans - 1-2 years

18,239

10,612

Amounts falling due between two and five years:

Bank loans - 2-5 years

57,415

34,384

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

130,733

142,732

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.21

30.4.20

£

£

Bank loans

223,037

197,942

Hire purchase contracts

15,945

20,016

238,982

217,958

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 2021 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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

17 January 2022