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REGISTERED NUMBER: 04463777 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE MILLBROOK GOLF CLUB LIMITED

THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THE MILLBROOK GOLF CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: L J Tucker
G Churchman
Mrs H Masters
D N McKears
P Johnston
Mrs V Freed





SECRETARY:





REGISTERED OFFICE: Club Office
Sandhill Close
Millbrook
Ampthill
Bedfordshire
MK45 2JB





REGISTERED NUMBER: 04463777 (England and Wales)





ACCOUNTANTS: Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB

THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,454,541 382,209
Investments 5 1 1
1,454,542 382,210

CURRENT ASSETS
Debtors 6 74,644 149,380
Cash at bank and in hand 315,471 362,223
390,115 511,603
CREDITORS
Amounts falling due within one year 7 370,073 317,334
NET CURRENT ASSETS 20,042 194,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,474,584

576,479

CREDITORS
Amounts falling due after more than one year 8 859,142 80,462
NET ASSETS 615,442 496,017

RESERVES
Special reserve 9 - 102,660
Income and expenditure account 9 615,442 393,357
615,442 496,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 surplus or deficit 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.

THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)

BALANCE SHEET - continued
28 February 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 19 October 2023 and were signed on its behalf by:





L J Tucker - Director


THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Millbrook 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.

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.

Turnover
Represents subscriptions due for the period from members plus a proportion of deferred subscriptions.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold Buildings machinery fittings Totals
£    £    £    £    £   
COST
At 1 March 2022 91,942 310,978 233,865 10,630 647,415
Additions 1,055,288 24,803 9,170 - 1,089,261
At 28 February 2023 1,147,230 335,781 243,035 10,630 1,736,676
DEPRECIATION
At 1 March 2022 57,717 20 205,254 2,215 265,206
Charge for year 3,498 232 12,369 830 16,929
At 28 February 2023 61,215 252 217,623 3,045 282,135
NET BOOK VALUE
At 28 February 2023 1,086,015 335,529 25,412 7,585 1,454,541
At 28 February 2022 34,225 310,958 28,611 8,415 382,209

The Club purchased the head lease of the club and the freehold of the access road in the year. The costs of acquisition are included in Long Leasehold and Buildings respectively.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 1
NET BOOK VALUE
At 28 February 2023 1
At 28 February 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings 71,848 119,877
Other debtors 2,796 29,503
74,644 149,380

THE MILLBROOK GOLF CLUB LIMITED (REGISTERED NUMBER: 04463777)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 49,007 6,857
Trade creditors 2,821 5,444
Taxation and social security 4,033 7,349
Other creditors 314,212 297,684
370,073 317,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 859,142 80,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 674,188 49,924

9. RESERVES
Income
and
expenditure Special
account reserve Totals
£    £    £   

At 1 March 2022 393,357 102,660 496,017
Surplus for the year 119,425 119,425
Transfer 102,660 (102,660 ) -
At 28 February 2023 615,442 - 615,442

Upon the purchase of the Head Lease the Special Reserve has been released back to the Income and Expenditure Account.

10. OTHER FINANCIAL COMMITMENTS

At 28th February 2023 the company had annual commitments under non-cancellable operating leases as follows:

20232022
£   
Expiry date:
In over 5 years-92,000

11. COMPANY LIMITED BY GUARANTEE

The Company is limited by guarantee and has no share capital. The liability of each member is limited to £1.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE MILLBROOK GOLF CLUB LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Millbrook Golf Club Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Millbrook Golf Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Millbrook Golf Club Limited and state those matters that we have agreed to state to the Board of Directors of The Millbrook Golf Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Millbrook Golf Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Millbrook Golf Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Millbrook Golf Club Limited. You consider that The Millbrook Golf Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Millbrook Golf Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB


3 November 2023