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Registration number: 10554118

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

Company Information

Director

Ms L M Rody

Registered office

Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

(Registration number: 10554118)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,449

8,599

Investments

5

87,216

87,216

 

93,665

95,815

Current assets

 

Debtors

1,141,150

1,399,351

Cash at bank and in hand

 

272

932

 

1,141,422

1,400,283

Creditors: Amounts falling due within one year

(115,684)

(372,444)

Net current assets

 

1,025,738

1,027,839

Total assets less current liabilities

 

1,119,403

1,123,654

Accruals and deferred income

 

(6,800)

(6,000)

Net assets

 

1,112,603

1,117,654

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

1,112,403

1,117,454

Shareholders' funds

 

1,112,603

1,117,654

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

(Registration number: 10554118)
Abridged Balance Sheet as at 31 March 2023

Approved and authorised by the director on 10 August 2023
 


Ms L M Rody
Director

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The company was formerly known as Grosvenor Parks Limited.

The address of its registered office is:
Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ

These financial statements were authorised for issue by the director on 10 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant

25% on reducing value

Fixtures and fittings

25% on reducing value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

23,275

23,275

At 31 March 2023

23,275

23,275

Depreciation

At 1 April 2022

14,676

14,676

Charge for the year

2,150

2,150

At 31 March 2023

16,826

16,826

Carrying amount

At 31 March 2023

6,449

6,449

At 31 March 2022

8,599

8,599

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

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

5

Investments

Total
£

Cost or valuation

At 1 April 2022

87,216

Provision

Carrying amount

At 31 March 2023

87,216

At 31 March 2022

87,216

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Cambridge Country Club Limited

Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ

England

Ordinary shares

100%

100%

Cambridge Country Club Estate Limited

Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ

England

Ordinary shares

100%

100%

Cambridge Country Club Operations Limited

Tennyson House
Cambridge Business Park
Cambridge
CB4 0WZ

England

Ordinary shares

0%

0%

 

Cambridge Country Club Group Limited
(formerly Grosvenor Parks Limited)

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

Subsidiary undertakings

Cambridge Country Club Limited

The principal activity of Cambridge Country Club Limited is providing leisure activities. The profit for the financial period of Cambridge Country Club Limited was £429,013 and the aggregate amount of Capital and reserves at the end of the period was £2,930,938.

Cambridge Country Club Estate Limited

The principal activity of Cambridge Country Club Estate Limited is buying and selling of real estates. The profit for the financial period of Cambridge Country Club Estate Limited was £- and the aggregate amount of Capital and reserves at the end of the period was £100.

Cambridge Country Club Operations Limited

The principal activity of Cambridge Country Club Operations Limited is Recreational vehicle parks, trailer parks and camping grounds. The profit for the financial period of Cambridge Country Club Operations Limited was £- and the aggregate amount of Capital and reserves at the end of the period was £100.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

         

7

Parent and ultimate parent undertaking

The ultimate controlling party is Mrs L M Rody, the director of the company who holds 100% shares in the company.