John,
Below is the definative answer regarding audible or visible warnings for towing, in a nutshell, the warning MUST operate when the indicators are used whilst towing a trailer (for these purposes a caravan is a trailer) the use of a bulb failure system DOES NOT meet the requirements under the construction & use (lighting) regulations.
Note the wording " a device that has been switched on"
http://www.opsi.gov.uk/si/si1989/Uksi_19891796_en_2.htm#(Ti)3interpretation
"Operational tell-tale" A warning device readily visible or audible to the driver and showing whether a device that has been switched on is operating correctly or not.
http://www.opsi.gov.uk/si/si1989/Uksi_19891796_en_12.htm#nsch7
10. Electrical connections-
(a) All indicators on one side of a vehicle together with all indicators on that side of any trailer drawn by the vehicle, while so drawn, shall be operated by one switch.
(b) All indicators on one side of a vehicle or combination of vehicles showing a flashing light shall flash in phase, except that in the case of a solo motor bicycle, a motor bicycle combination and a pedal cycle, the front and rear direction indicators on one side of the vehicle may flash alternately.
11. Tell-tale-
(a) One or more indicators on each side of a vehicle to which indicators are fitted shall be so designed and fitted that the driver when in his seat can readily be aware when it is in operation; or
(b) The vehicle shall be equipped with an operational tell-tale for front and rear indicators (including any rear indicator on the rearmost of any trailers drawn by the vehicle).