Country Parks Ltd. - Accounts to registrar (filleted) - small 18.2
Country Parks Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| Country Parks Ltd. |
| Country Parks Ltd. (Registered number: 01534748) |
| Contents of the Financial Statements |
| for the year ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Country Parks Ltd. |
| Company Information |
| for the year ended 31 March 2018 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Unit 2 Foley Works |
| Foley Industrial Estate |
| Hereford |
| Herefordshire |
| HR1 2SF |
| Country Parks Ltd. (Registered number: 01534748) |
| Abridged Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Country Parks Ltd. (Registered number: 01534748) |
| Abridged Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Country Parks Ltd. (Registered number: 01534748) |
| Notes to the Financial Statements |
| for the year ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Country Parks Ltd. is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for sales of good and services |
| in the ordinary course of the business. Turnover is shown net of Value Added Tax, for goods and services |
| provided to customers. In the case of long term contracts, turnover is recognised appropriate to the stage of |
| completion where the outcome of the contract can be ascertained with reasonable certainty. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 Profit and Loss Account, |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Country Parks Ltd. (Registered number: 01534748) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Financial instruments |
| Financial instruments are classified and accounted for according to the substance of the contractual arrangement. |
| They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any |
| contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 3. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| Cost |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| The revaluation took place during 1989 and has not been updated since: |
| In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are |
| as follows: |
| 2017 | 2016 |
| £ | £ |
| Net book value at the end of year | 530,000 | 530,000 |
| Historical Cost | 219,033 | 219,033 |
| 4. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2018 | 2017 |
| £ | £ |
| Repayable by instalments |
| Bank loans payable after more than 5 years by instalments |
42,750 |
102,573 |
| Country Parks Ltd. (Registered number: 01534748) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2018 |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Directors Loan Account | 79,000 | 79,000 |
| Barclays Bank plc hold a legal charge over Linton Mobile Home Park. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 2,040 | 2,040 |
| 7. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme. Contributions totalling £131 were payable to the |
| fund at the year end and are included in creditors. |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Mrs A Surridge |
| Director and shareholder |
| Included within Mrs A Surridge's loan account is a balance of £86,818 which is secured, owed to Mrs A |
| Surridge, following a loan of £150,000 to the company. The repayment of this loan is made by offsetting |
| commercial rents against the loan amount. Interest of £1,309 (2017: £1,400) has been charged for the year. |
| £79,000 of the secured loan is repayable with not less than 12 months notice and is therefore included within |
| creditors due in more than one year. |
| 2018 | 2017 |
| £ | £ |
| Amount due to related party at the balance sheet date | 86,818 | 91,021 |