Company registration number 04127816 (England and Wales)
CEFN MABLY COUNTRY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
PAGES FOR FILING WITH REGISTRAR
CEFN MABLY COUNTRY PARK LIMITED
BALANCE SHEET
AS AT
30 APRIL 2022
30 April 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
21,121
24,462
Current assets
Stocks
186
Debtors
5
32,194
31,524
Cash at bank and in hand
38,414
37,589
70,608
69,299
Creditors: amounts falling due within one year
6
(2,880)
(1,660)
Net current assets
67,728
67,639
Total assets less current liabilities
88,849
92,101
Reserves
Sinking fund
31,230
31,230
Surplus and deficit account
57,619
60,871
Members' funds
88,849
92,101
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their 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 16 August 2022 and are signed on its behalf by:
J Smalley
Director
Company Registration No. 04127816
CEFN MABLY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
- 2 -
1
Accounting policies
Company information
Cefn Mably Country Park Limited is a
private
company
limited by guarantee
incorporated in
England and Wales
.
The registered office is
21 St Andrews Crescent, Cardiff, CF10 3DB.
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
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company is not registered for VAT.
1.3
Tangible fixed assets
Tangible fixed assets
are measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost
of
assets less their residual values over their useful lives on the following bases:
Plant and machinery
10% p.a. straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to surplus or deficit
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
The stock of gate fobs has been valued at cost.
1.6
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include
the bank current and deposit accounts.
CEFN MABLY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
1
Accounting policies
(Continued)
- 3 -
1.7
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.
Basic financial assets
Basic financial assets, which include
debtors
and
the bank current and deposit accounts
, are measured at transaction price
.
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements entered into.
Basic financial liabilities
Basic financial liabilities, including
creditors and accruals
,
are
recognised at transaction price
. Financial liabilities classified as payable within one year are not amortised.
Trade creditors and accruals
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
In the opinion of the directors, the company has no employees,
2022
2021
Number
Number
Total
CEFN MABLY COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2021 and 30 April 2022
65,559
Depreciation and impairment
At 1 May 2021
41,097
Depreciation charged in the year
3,341
At 30 April 2022
44,438
Carrying amount
At 30 April 2022
21,121
At 30 April 2021
24,462
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Service charges due
1,970
1,890
Other debtors
30,224
29,634
32,194
31,524
The payment in February 2022 of £43,334 for the right of way covers the period 1st January 2022 to 31st December 2022. Of this total, an amount of £28,889 has been included in "Other debtors" as it relates to the year ended 30th April 2023.
6
Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
2,880
1,660
7
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.