Bronte Caravan Park Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05934299 (England and Wales)

Financial Statements for the Year Ended 30 November 2022

for

Bronte Caravan Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Darling

Mrs J A Darling

J C Darling

SECRETARY:

R H Darling

REGISTERED OFFICE:

Ash House

Catterick Bridge

Richmond

North Yorkshire

DL10 7PH

REGISTERED NUMBER:

05934299 (England and Wales)

ACCOUNTANTS:

Yorkshire Accountants Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

FIXED ASSETS

Intangible assets

4

150,000

187,500

Tangible assets

5

2,937,701

2,522,835

3,087,701

2,710,335

CURRENT ASSETS

Stocks

105,210

27,000

Debtors

6

30,304

29,162

Cash at bank

93,916

161,714

229,430

217,876

CREDITORS

Amounts falling due within one year

7

284,547

410,485

NET CURRENT LIABILITIES

(55,117

)

(192,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,032,584

2,517,726

CREDITORS

Amounts falling due after more than one year

8

(1,850,286

)

(1,354,185

)

PROVISIONS FOR LIABILITIES

(21,100

)

(21,100

)

NET ASSETS

1,161,198

1,142,441

CAPITAL AND RESERVES

Called up share capital

825,000

825,000

Retained earnings

336,198

317,441

SHAREHOLDERS' FUNDS

1,161,198

1,142,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 and authorised for issue by the Board of Directors and authorised for issue on 7 August 2023 and were signed on its behalf by:

R H Darling - Director

1.	STATUTORY INFORMATION

Bronte Caravan Park 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property

-

2% on cost

Plant and Machinery

-

10% on reducing balance

Motor Vehicles

-

20% on reducing balance

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 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 NIL (2021 - 8 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2021

and 30 November 2022

750,000

AMORTISATION

At 1 December 2021

562,500

Charge for year

37,500

At 30 November 2022

600,000

NET BOOK VALUE

At 30 November 2022

150,000

At 30 November 2021

187,500

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Property

Machinery

Vehicles

Totals

£

£

£

£

COST

At 1 December 2021

2,638,508

276,781

13,600

2,928,889

Additions

447,782

-

-

447,782

At 30 November 2022

3,086,290

276,781

13,600

3,376,671

DEPRECIATION

At 1 December 2021

226,726

176,754

2,574

406,054

Charge for year

15,156

15,004

2,756

32,916

At 30 November 2022

241,882

191,758

5,330

438,970

NET BOOK VALUE

At 30 November 2022

2,844,408

85,023

8,270

2,937,701

At 30 November 2021

2,411,782

100,027

11,026

2,522,835

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade Debtors

19,029

19,324

Prepayments and Accrued Income

11,275

9,838

30,304

29,162

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

42,068

42,068

Trade Creditors

45,640

44,279

Taxation

-

24,053

Other Taxes and PAYE

2,228

19,901

Bronte Caravan Storage Ltd

35,000

35,000

Directors' current accounts

36,000

36,000

Accrued Expenses

13,470

7,000

Deferred Income

110,141

202,184

284,547

410,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank Loans - 1-2 Years

42,498

42,498

Bank Loans - 2-5 Years

128,050

125,110

Bank Loans more 5 yr by Instal

455,845

-

Willowbank Holiday Park Ltd

150,000

150,000

Darlings of Chelsea Ltd

100,000

-

Directors' current accounts

973,893

1,036,577

1,850,286

1,354,185

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans more 5 yr by Instal

455,845

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

668,461

209,676

The National Westminster Bank holds the following security -

A first legal mortgage over freehold deeds known as land on North West side of Halifax Road & Bronte Caravan Park.

A mortgage debenture over all assets of the company dated 4/6/2007.