THREE RIVERS PARK LIMITED

THREE RIVERS PARK LIMITED

THREE RIVERS PARK LIMITED - Company Information

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2022-03-012023-02-262023-02-26false10006405THREE RIVERS PARK LIMITED2024-03-11iso4217:GBPxbrli:pure100064052022-03-01100064052023-02-26100064052022-03-012023-02-26100064052021-03-01100064052022-02-28100064052021-03-012022-02-2810006405bus:SmallEntities2022-03-012023-02-2610006405bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2610006405bus:FullAccounts2022-03-012023-02-2610006405bus:PrivateLimitedCompanyLtd2022-03-012023-02-2610006405core:WithinOneYear2023-02-2610006405core:AfterOneYear2023-02-2610006405core:WithinOneYear2022-02-2810006405core:AfterOneYear2022-02-2810006405core:ShareCapital2023-02-2610006405core:SharePremium2023-02-2610006405core:RevaluationReserve2023-02-2610006405core:OtherReservesSubtotal2023-02-2610006405core:RetainedEarningsAccumulatedLosses2023-02-2610006405core:ShareCapital2022-02-2810006405core:SharePremium2022-02-2810006405core:RevaluationReserve2022-02-2810006405core:OtherReservesSubtotal2022-02-2810006405core:RetainedEarningsAccumulatedLosses2022-02-2810006405core:LandBuildings2023-02-2610006405core:PlantMachinery2023-02-2610006405core:Vehicles2023-02-2610006405core:FurnitureFittings2023-02-2610006405core:OfficeEquipment2023-02-2610006405core:NetGoodwill2023-02-2610006405core:IntangibleAssetsOtherThanGoodwill2023-02-2610006405core:ListedExchangeTraded2023-02-2610006405core:UnlistedNon-exchangeTraded2023-02-2610006405core:LandBuildings2022-02-2810006405core:PlantMachinery2022-02-2810006405core:Vehicles2022-02-2810006405core:FurnitureFittings2022-02-2810006405core:OfficeEquipment2022-02-2810006405core:NetGoodwill2022-02-2810006405core:IntangibleAssetsOtherThanGoodwill2022-02-2810006405core:ListedExchangeTraded2022-02-2810006405core:UnlistedNon-exchangeTraded2022-02-2810006405core:LandBuildings2022-03-012023-02-2610006405core:PlantMachinery2022-03-012023-02-2610006405core:Vehicles2022-03-012023-02-2610006405core:FurnitureFittings2022-03-012023-02-2610006405core:OfficeEquipment2022-03-012023-02-2610006405core:NetGoodwill2022-03-012023-02-2610006405core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2610006405core:ListedExchangeTraded2022-03-012023-02-2610006405core:UnlistedNon-exchangeTraded2022-03-012023-02-2610006405core:MoreThanFiveYears2022-03-012023-02-2610006405core:Non-currentFinancialInstruments2023-02-2610006405core:Non-currentFinancialInstruments2022-02-2810006405dpl:CostSales2022-03-012023-02-2610006405dpl:DistributionCosts2022-03-012023-02-2610006405core:LandBuildings2022-03-012023-02-2610006405core:PlantMachinery2022-03-012023-02-2610006405core:Vehicles2022-03-012023-02-2610006405core:FurnitureFittings2022-03-012023-02-2610006405core:OfficeEquipment2022-03-012023-02-2610006405dpl:AdministrativeExpenses2022-03-012023-02-2610006405core:NetGoodwill2022-03-012023-02-2610006405core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2610006405dpl:GroupUndertakings2022-03-012023-02-2610006405dpl:ParticipatingInterests2022-03-012023-02-2610006405dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2610006405core:ListedExchangeTraded2022-03-012023-02-2610006405dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2610006405core:UnlistedNon-exchangeTraded2022-03-012023-02-2610006405dpl:CostSales2021-03-012022-02-2810006405dpl:DistributionCosts2021-03-012022-02-2810006405core:LandBuildings2021-03-012022-02-2810006405core:PlantMachinery2021-03-012022-02-2810006405core:Vehicles2021-03-012022-02-2810006405core:FurnitureFittings2021-03-012022-02-2810006405core:OfficeEquipment2021-03-012022-02-2810006405dpl:AdministrativeExpenses2021-03-012022-02-2810006405core:NetGoodwill2021-03-012022-02-2810006405core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2810006405dpl:GroupUndertakings2021-03-012022-02-2810006405dpl:ParticipatingInterests2021-03-012022-02-2810006405dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2810006405core:ListedExchangeTraded2021-03-012022-02-2810006405dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2810006405core:UnlistedNon-exchangeTraded2021-03-012022-02-2810006405core:NetGoodwill2023-02-2610006405core:IntangibleAssetsOtherThanGoodwill2023-02-2610006405core:LandBuildings2023-02-2610006405core:PlantMachinery2023-02-2610006405core:Vehicles2023-02-2610006405core:FurnitureFittings2023-02-2610006405core:OfficeEquipment2023-02-2610006405core:AfterOneYear2023-02-2610006405core:WithinOneYear2023-02-2610006405core:ListedExchangeTraded2023-02-2610006405core:UnlistedNon-exchangeTraded2023-02-2610006405core:ShareCapital2023-02-2610006405core:SharePremium2023-02-2610006405core:RevaluationReserve2023-02-2610006405core:OtherReservesSubtotal2023-02-2610006405core:RetainedEarningsAccumulatedLosses2023-02-2610006405core:NetGoodwill2022-02-2810006405core:IntangibleAssetsOtherThanGoodwill2022-02-2810006405core:LandBuildings2022-02-2810006405core:PlantMachinery2022-02-2810006405core:Vehicles2022-02-2810006405core:FurnitureFittings2022-02-2810006405core:OfficeEquipment2022-02-2810006405core:AfterOneYear2022-02-2810006405core:WithinOneYear2022-02-2810006405core:ListedExch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THREE RIVERS PARK LIMITED

Registered Number
10006405
(England and Wales)

Unaudited Financial Statements for the Period ended
26 February 2023

THREE RIVERS PARK LIMITED
Company Information
for the period from 1 March 2022 to 26 February 2023

Directors

TAPSELL, Andrew Alfred
TAPSELL, Rebby Robert

Registered Address

Cornerstones House Church Street
Addingham
Ilkey
LD29 0QS

Registered Number

10006405 (England and Wales)
THREE RIVERS PARK LIMITED
Statement of Financial Position
26 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets63,624,9183,195,431
3,624,9183,195,431
Current assets
Stocks9413,430128,671
Debtors10534,731481,546
Cash at bank and on hand336,241869,145
1,284,4021,479,362
Creditors amounts falling due within one year11(2,999,712)(3,169,402)
Net current assets (liabilities)(1,715,310)(1,690,040)
Total assets less current liabilities1,909,6081,505,391
Creditors amounts falling due after one year12(25,000)(35,000)
Net assets1,884,6081,470,391
Capital and reserves
Called up share capital11
Profit and loss account1,884,6071,470,390
Shareholders' funds1,884,6081,470,391
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2024, and are signed on its behalf by:
TAPSELL, Rebby Robert
Director
Registered Company No. 10006405
THREE RIVERS PARK LIMITED
Notes to the Financial Statements
for the period ended 26 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The ultimate parent undertaking is Cornerstones Holdings Limited, a company registered in England & Wales. It trades from its registered office address at Cornerstones House, Church Street, Addingham, LS29 0QS.
2.Principal activities
The principle activity of the company is a caravan and holiday home park.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on the following basis: Land and buildings - 2% straight line Plant and machinery - between 10% and 33.3% straight line Motor vehicles - 25% straight line and 25% reducing balance
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
5.Employee information

20232022
Average number of employees during the year711
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 March 223,285,78869,28948,3153,403,392
Additions450,93913,998-464,937
At 26 February 233,736,72783,28748,3153,868,329
Depreciation and impairment
At 01 March 22121,96451,59434,403207,961
Charge for year25,7756,3483,32735,450
At 26 February 23147,73957,94237,730243,411
Net book value
At 26 February 233,588,98825,34510,5853,624,918
At 28 February 223,163,82417,69513,9123,195,431
Included in land & buildings is land with an estimated cost of £1,700,000 which is not depreciated. Included in land & buildings is new development cost of £747,953 which is not depreciated.
7.Off balance sheet pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £7,934 (2022 - £5,051).
8.Description of nature of transactions and balances with related parties
The company has taken advantage of the exemption contained in Section 33 of Financial Reporting Standard 102 'Related Party Disclosures' from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group. Included within other creditors is an amount of £3,228 (2022 - £26,663) due to A Tapsell. The amount is interest free and payable on demand.
9.Stocks
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

2023

2022

££
Finished goods413,430128,671
Total413,430128,671
10.Debtors

2023

2022

££
Trade debtors / trade receivables534,731464,096
Other debtors-17,450
Total534,731481,546
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables525,064375,022
Bank borrowings and overdrafts179,48010,000
Taxation and social security325,333204,733
Finance lease and HP contracts-11,810
Other creditors1,957,8262,563,839
Accrued liabilities and deferred income12,0093,998
Total2,999,7123,169,402
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities disclosed under creditors falling due within one year are secured by the company: Finance lease and HP contracts £Nil (2022 - £11,810) Bank loans £169,480 (2022 - £Nil)
12.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts25,00035,000
Total25,00035,000