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REGISTERED NUMBER: 01373698 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Poulton Park Golf Club Limited

Poulton Park Golf Club Limited (Registered number: 01373698)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poulton Park Golf Club Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D. N. Owen
D A McIntyre
D J Ryder
T F Frame
G R Cunningham
Ms J B Rose
J Mercer
N Birchall





SECRETARY: D. N. Owen





REGISTERED OFFICE: Dig Lane
Cinnamon Brow
Warrington
Cheshire
WA2 0SH





REGISTERED NUMBER: 01373698 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Poulton Park Golf Club Limited (Registered number: 01373698)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,109 256,518

CURRENT ASSETS
Stocks 5 6,178 5,820
Debtors 6 67,459 65,848
Cash at bank and in hand 104,535 98,794
178,172 170,462
CREDITORS
Amounts falling due within one year 7 236,208 209,643
NET CURRENT LIABILITIES (58,036 ) (39,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,073

217,337

CREDITORS
Amounts falling due after more than one year 8 136,484 151,163
NET ASSETS 56,589 66,174

RESERVES
Retained earnings 10 56,589 66,174
56,589 66,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Poulton Park Golf Club Limited (Registered number: 01373698)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2023 and were signed on its behalf by:




D J Ryder - Director



D. N. Owen - Director


Poulton Park Golf Club Limited (Registered number: 01373698)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Poulton Park Golf Club Limited is a private company, limited by guarantee , 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. ACCOUNTING POLICIES

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

Significant judgements and estimates
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.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land - Nil
Building - 2% on cost
Plant and machinery - 10% or 20% straight line
Fixtures and fittings - 25% on cost
Trophies - 10% on cost
Computer equipment - 10% to 25% on cost

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 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.

Poulton Park Golf Club Limited (Registered number: 01373698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

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 statement of financial position 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 net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Employee benefits
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Poulton Park Golf Club Limited (Registered number: 01373698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Course Plant and
Land Building improvements machinery
£    £    £    £   
COST
At 1 April 2022 118,618 141,049 178,205 235,889
Additions - 10,000 - -
At 31 March 2023 118,618 151,049 178,205 235,889
DEPRECIATION
At 1 April 2022 - 89,246 141,546 193,399
Charge for year - 2,821 5,237 8,421
At 31 March 2023 - 92,067 146,783 201,820
NET BOOK VALUE
At 31 March 2023 118,618 58,982 31,422 34,069
At 31 March 2022 118,618 51,803 36,659 42,490

Fixtures
and Computer
fittings Trophies equipment Totals
£    £    £    £   
COST
At 1 April 2022 39,753 1,655 19,284 734,453
Additions 3,930 - - 13,930
At 31 March 2023 43,683 1,655 19,284 748,383
DEPRECIATION
At 1 April 2022 32,805 1,655 19,284 477,935
Charge for year 2,860 - - 19,339
At 31 March 2023 35,665 1,655 19,284 497,274
NET BOOK VALUE
At 31 March 2023 8,018 - - 251,109
At 31 March 2022 6,948 - - 256,518

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 6,178 5,820

Poulton Park Golf Club Limited (Registered number: 01373698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 62,412 59,820
VAT 1,773 4,123
Prepayments and accrued income 3,274 1,905
67,459 65,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,857 10,720
Hire purchase contracts 3,818 3,776
Trade creditors 19,503 15,217
Social security and other taxes 1,450 1,571
Other creditors 30,054 21,289
Deferred Income -Subscriptions 158,089 143,412
Deferred Income - Other 7,339 9,257
Accrued expenses 5,098 4,401
236,208 209,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,857 10,720
Bank loans - 2-5 years 32,570 32,159
Bank Loan > 5 Years 82,181 93,608
Hire purchase contracts 10,876 14,676
136,484 151,163

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan > 5 Years 82,181 93,608

Poulton Park Golf Club Limited (Registered number: 01373698)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 136,465 147,207
Hire purchase contracts 14,694 18,452
151,159 165,659

The Bank loan is secured by a first legal charge over the Golf course and its associated assets.

10. RESERVES
Retained
earnings
£   

At 1 April 2022 66,174
Deficit for the year (9,585 )
At 31 March 2023 56,589