TRANQUILITY PARKS LIMITED

TRANQUILITY PARKS LIMITED

TRANQUILITY PARKS LIMITED - Company Information

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TRANQUILITY PARKS LIMITED

Company Registration Number:
07652841 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

TRANQUILITY PARKS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

TRANQUILITY PARKS LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 1,528,607 1,532,654
Total fixed assets: 1,528,607 1,532,654
Current assets
Stocks: 40,834 40,835
Debtors: 4 1,215,878 1,397,130
Cash at bank and in hand: 10,920 2,953
Total current assets: 1,267,632 1,440,918
Creditors: amounts falling due within one year: 5 (1,370,018) (1,278,565)
Net current assets (liabilities): (102,386) 162,353
Total assets less current liabilities: 1,426,221 1,695,007
Creditors: amounts falling due after more than one year: 6 (555,565) (831,605)
Provision for liabilities: 0 (164)
Total net assets (liabilities): 870,656 863,238
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 870,556 863,138
Shareholders funds: 870,656 863,238

The notes form part of these financial statements

TRANQUILITY PARKS LIMITED

Balance sheet statements

For the year ending 30 September 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 16 July 2018
and signed on behalf of the board by:

Name: Mr H Simmons
Status: Director

The notes form part of these financial statements

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue recognised by the company to the extent that it obtains the right toconsideration in exchange for its performance. Revenue is measured at the fair value of theconsideration received, excluding discounts, rebates, VAT and other sales taxes or duty. Moniesreceived in advance are treated as deferred income and held as payments on account.Pitch feesPitch fees are recognised on an accruals basis in the period to which they relate.Sales of mobile homesSales of mobile homes are recognised when the risks and rewards of ownership are transferred tothe customer,

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, on a reducing balance basis.Depreciation is provided on the following basis:Freehold property - Not depreciatedOffice equipment - 25% straight lineOther fixed assets - 2% straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in the Statement of Income and Retained Earnings.No depreciation has been provided on freehold property as the property is maintained in such a stateof repair that its residual value is at least equal to its net book value. As a result the correspondingdepreciation would not be material and therefore is not charged to the profit and loss account.

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible Assets

Total
Cost £
At 01 October 2016 1,545,216
At 30 September 2017 1,545,216
Depreciation
At 01 October 2016 12,562
Charge for year 4,047
At 30 September 2017 16,609
Net book value
At 30 September 2017 1,528,607
At 30 September 2016 1,532,654

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 1,215,878 1,397,130

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

5. Creditors: amounts falling due within one year note

CREDITORS: Amounts falling due within one year2017 2016£ £Bank loans 26,457 34,136Corporation tax 26,520 23,568Obligations under finance lease and hire purchase contracts 53,342 53,377Other creditors 1,258,112 1,161,741Accruals and deferred income 5,587 5,7431,370,018 1,278,565

TRANQUILITY PARKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

6. Creditors: amounts falling due after more than one year note

2017 2016£ £Bank loans 510,519 733,252Net obligations under finance leases and hire purchase contracts 45,046 98,353555,565 831,605