Company Registration No. 00895235 (England and Wales)
ANGLIA CARAVAN PARKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
ANGLIA CARAVAN PARKS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ANGLIA CARAVAN PARKS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
866,293
868,145
Creditors: amounts falling due within one year
4
(695,921)
(693,392)
Net current assets
170,372
174,753
Creditors: amounts falling due after more than one year
5
(330,001)
(322,031)
Net liabilities
(159,629)
(147,278)
Capital and reserves
Called up share capital
7
10,000
10,000
Profit and loss reserves
(169,629)
(157,278)
Total equity
(159,629)
(147,278)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 March 2022 and are signed on its behalf by:
C Crickmore
Director
Company Registration No. 00895235
ANGLIA CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
1
Accounting policies
Company information
Anglia Caravan Parks Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
166 College Road, Harrow, Middlesex, HA1 1RA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on a going concern basis even though at the Balance Sheet date the company's
true
total
liabilities exceeded its
total
assets by £159,629 (2020: £147,278).
The directors consider the going concern basis to be appropriate because, in their opinion, the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due.
If the company was unable to continue obtaining sufficient funding to enable it to pay its debt as they fell due, it would be unable to continue trading and adjustment would have to be made to reduce the value of assets to their realisable amount, to provide for any further liabilities which might rise, and to re-classify fixed assets and long term liabilities as current assets and liabilities.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include
debtors
, are measured at transaction price including transaction costs
.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including
creditors
, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
ANGLIA CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 3 -
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Redeemable preference shares are classified as liabilities in accordance with section 22 (liabilities and equity) as they are redeemable at the option of the issuer and do carry a right to a return. The preference dividend is charged in arriving at the interest cost in the profit and loss account.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
168,347
168,347
Other debtors
697,946
699,798
866,293
868,145
4
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
593,249
593,249
Other creditors
102,672
100,143
695,921
693,392
ANGLIA CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 4 -
5
Creditors: amounts falling due after more than one year
2021
2020
Notes
£
£
Other creditors
6
330,001
322,031
6
Loans and overdrafts
2021
2020
£
£
Preference shares classified as financial liabilities
60,000
60,000
Other loans
270,001
262,031
330,001
322,031
Payable after one year
330,001
322,031
7
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000
ANGLIA CARAVAN PARKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 5 -
8
Related party transactions
There is a principal loan of £237,000 from the company pension plan.
Interest of £
7,970
(
2020
:
£
7,696) was charged
during
the year.
The company pension plan also holds 60,000 4% Redeemable Preference shares in the company on which a dividend of £
2,400
(
2020
: £2,400) is payable for the year.
At the balance sheet date an amount of £
1,688
(
2020
: £1,688) was owed to C Crickmore in respect of his director's current account balance.
There was no other transaction with the directors during the year.
During the year the company had the following transactions and balances with companies connected to C Crickmore and J R Crickmore:
Sales / (Purchases)
Due from / (to)
£
£
Crickmore LLP
2021
-
(72,448)
2020
-
(72,448)
Stable Car Sales Limited
2021
-
22,000
2020
-
22,000
M and M Trading (Cambridge) Limited
2021
-
68,771
2020
-
68,771
Leisure Parks Real Estate Limited
2021
-
98,752
2020
-
98,752
Crickmore Developments Limited
2021
-
508,423
2020
-
510,275
9
Parent company
The ultimate parent company is Crickmore Holdings Limited, a company registered in England and Wales and whose registered office address is 166 College Road, Harrow, Middlesex, HA1 1RA.