Whipsnade Park Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00766836 (England and Wales)

WHIPSNADE PARK HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G B Ponsford

Mr W P Ponsford

SECRETARY:

Mrs G B Ponsford

REGISTERED OFFICE:

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

REGISTERED NUMBER:

00766836 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Christchurch House

Upper George Street

Luton

Bedfordshire

LU1 2RS

FIXED ASSETS

Tangible assets

5

63,717

69,394

CURRENT ASSETS

Stocks

290,114

248,040

Debtors

6

16,270

20,019

Cash at bank

553,962

555,550

860,346

823,609

CREDITORS

Amounts falling due within one year

7

63,698

71,126

NET CURRENT ASSETS

796,648

752,483

TOTAL ASSETS LESS CURRENT LIABILITIES

860,365

821,877

PROVISIONS FOR LIABILITIES

323

354

NET ASSETS

860,042

821,523

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Retained earnings

850,042

811,523

SHAREHOLDERS' FUNDS

860,042

821,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19th December 2018 and were signed on its behalf by:

Mrs G B Ponsford - Director

1.	STATUTORY INFORMATION

Whipsnade Park Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover shown in the profit and loss account represents the sale of park homes, electricity recharges,

commissions and pitch fees exclusive of value added tax. Park home property sales and commissions

are recognised when the risk and rewards of ownership are transferred to the customer, usually on

occupation or when legal completion takes place. Pitch fees are recognised as they fall due.

Tangible fixed assets

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

Plant and machinery

-

at variable rates on reducing balance

Site installations

-

10% on reducing balance

Freehold land has not been depreciated.

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other

costs incurred in bringing the stocks to their present location and condition.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Site

land

machinery

installations

Totals

£

£

£

£

COST

At 1st September 2017

and 31st August 2018

50,332

36,445

72,566

159,343

DEPRECIATION

At 1st September 2017

-

34,460

55,489

89,949

Charge for year

-

199

5,478

5,677

At 31st August 2018

-

34,659

60,967

95,626

NET BOOK VALUE

At 31st August 2018

50,332

1,786

11,599

63,717

At 31st August 2017

50,332

1,985

17,077

69,394

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

14,000

18,000

Other debtors

2,270

2,019

16,270

20,019

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

4,700

4,500

Taxation and social security

36,208

55,606

Other creditors

22,790

11,020

63,698

71,126

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10,000

Ordinary

£1

10,000

10,000