Carr Royd Parks Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01019419 (England and Wales)

CARR ROYD PARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr P Hanley

Mr J Hanley

Registered office:

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Business address:

Sunset Park

Sower Carr Lane

Hambleton

POULTON-LE-FYLDE

FY6 9EQ

Registered number:

01019419 (England and Wales)

Accountants:

Scott & Wilkinson

Dalton House

9 Dalton Square

LANCASTER

LA1 1WD

Fixed assets

Tangible assets

4

5,389,560

5,428,903

Current assets

Stocks

1,177,724

686,311

Debtors

5

5,196,350

1,742,422

Cash at bank and in hand

253,910

553,641

6,627,984

2,982,374

Creditors

Amounts falling due within one year

6

4,190,190

1,478,677

Net current assets

2,437,794

1,503,697

Total assets less current liabilities

7,827,354

6,932,600

Provisions for liabilities

(619,820

)

(594,316

)

Accruals and deferred income

(404,009

)

(303,150

)

Net assets

6,803,525

6,035,134

Capital and reserves

Called up share capital

32,000

32,000

Share premium

4,500

4,500

Revaluation reserve

7

3,238,946

3,238,946

Other reserves

37,173

37,173

Retained earnings

3,490,906

2,722,515

6,803,525

6,035,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 23 October 2023 and were signed on its behalf by:

Mr P Hanley - Director

1.	Statutory information

Carr Royd Parks 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.

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

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

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.

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 period 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 period 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 period was 12 (2021 - 10 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost or valuation

At 1 January 2022

5,061,648

1,217,026

6,278,674

Additions

73,410

55,095

128,505

Disposals

(19,920

)

(30,050

)

(49,970

)

At 31 March 2023

5,115,138

1,242,071

6,357,209

Depreciation

At 1 January 2022

-

849,771

849,771

Charge for period

11,638

115,255

126,893

Eliminated on disposal

-

(9,015

)

(9,015

)

At 31 March 2023

11,638

956,011

967,649

Net book value

At 31 March 2023

5,103,500

286,060

5,389,560

At 31 December 2021

5,061,648

367,255

5,428,903

Cost or valuation at 31 March 2023 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

2,859,773

-

2,859,773

Cost

2,255,365

1,242,071

3,497,436

5,115,138

1,242,071

6,357,209

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

2023

2021

£

£

Cost

2,243,727

2,201,875

Aggregate depreciation

11,638

-

Freehold land and buildings were valued on an open market basis on 4 October 2018 by the purchaser .

5.

Debtors: amounts falling due within one year

2023

2021

£

£

Trade debtors

2,864,715

-

Amounts owed by group undertakings

1,296,918

900,300

Other debtors

1,034,717

842,122

5,196,350

1,742,422

6.

Creditors: amounts falling due within one year

2023

2021

£

£

Trade creditors

3,874,929

1,193,949

Taxation and social security

301,575

256,601

Other creditors

13,686

28,127

4,190,190

1,478,677

7.

Reserves

Revaluation

reserve

£

At 1 January 2022

and 31 March 2023

3,238,946

8.	Related party disclosures

Carr Royd Parks Limited sold caravans totalling £2,586,139 to Highfield Fisheries & Leisure Lodge Park Limited at cost price during the year.This value is included in sales and purchases in Carr Royd Parks Limited. John and Patrick Hanley directors and shareholders in both companies

9.	Ultimate controlling party

The controlling party is Sunset Park Limited.