Registration number:
Cradoc Golf Club Trading Ltd
Unaudited Financial Statements
for the
Year Ended 31 January 2023
Cradoc Golf Club Trading Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Cradoc Golf Club Trading Ltd
Company Information
Directors |
Mr N J Morrell Mr G T Williams |
Registered office |
|
Bankers |
|
Accountants |
|
Cradoc Golf Club Trading Ltd
(Registration number: 09869515)
Balance Sheet
as at 31 January 2023
Note |
2023 |
2022 |
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their 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.
The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
......................................... |
Cradoc Golf Club Trading Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 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 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.
The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.
Going concern
The company distributes its entire profit each year to its parent company, Cradoc Golf Club Ltd, under Gift Aid. Consequently, the company has no reserves at the financial year end.
The financial statements have been prepared on the going concern basis as the directors consider that the company will continue to trade profitably for at least 12 momnths from the date of approval of these financial statements.
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 value added tax, rebates and discounts.
The company recognises revenue when:
(a) the amount of revenue can be reliably measured;
(b) it is probable that future economic benefits will flow to the entity; and
(c) specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Cradoc Golf Club Trading Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023
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 at the transaction price.
Stocks
Stocks are stated at the lower of cost and estimated selling price. Cost is determined using the first-in, first-out (FIFO) method.
Stocks of heating fuel are stated at cost price, and stocks of driving range balls are stated at cost less a deduction to reflect their condition.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised at the transaction price.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Cradoc Golf Club Trading Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023
Debtors |
Current |
Note |
2023 |
2022 |
Trade debtors |
|
|
|
Amounts owed by related parties |
|
|
|
Prepayments |
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Cradoc Golf Club Trading Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
Related party transactions |
Summary of transactions with parent
The company has gift aided its profit for the year to Cradoc Golf Club Ltd, which is a Community Amateur Sports Club.
Any balance due between the companies is interest free and repayable on demand.
Expenditure with and payables to related parties
2023 |
Parent |
Rendering of services |
|
|
2022 |
Parent |
Rendering of services |
|
|