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REGISTERED NUMBER: 01356769 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Whipsnade Park Golf Club Limited

Whipsnade Park Golf Club Limited (Registered number: 01356769)






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


Whipsnade Park Golf Club Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Whalley
Miss R Whalley
Miss B Whalley





SECRETARY: Miss R Whalley





REGISTERED OFFICE: Studham Lane
Dagnall
Hertfordshire
HP4 1RH





REGISTERED NUMBER: 01356769 (England and Wales)






Whipsnade Park Golf Club Limited (Registered number: 01356769)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,745,045 1,702,204

CURRENT ASSETS
Stocks 54,422 23,559
Debtors 5 1,698 2,067
Cash in hand 40,325 9,616
96,445 35,242
CREDITORS
Amounts falling due within one year 6 315,362 310,742
NET CURRENT LIABILITIES (218,917 ) (275,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,526,128

1,426,704

CREDITORS
Amounts falling due after more than one
year

7

(60,953

)

(94,650

)

PROVISIONS FOR LIABILITIES 9 (46,750 ) (40,131 )
NET ASSETS 1,418,425 1,291,923

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 10 1,039,245 1,039,245
Retained earnings 359,180 232,678
SHAREHOLDERS' FUNDS 1,418,425 1,291,923

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.

Whipsnade Park Golf Club Limited (Registered number: 01356769)

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 26 September 2023 and were signed on its behalf by:





D Whalley - Director


Whipsnade Park Golf Club Limited (Registered number: 01356769)

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

1. STATUTORY INFORMATION

Whipsnade Park Golf Club Limited is a private company, limited by shares , 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
Turnover represents licence fees, green fees and society fees, bar and restaurant takings, pro shop sales and sundry takings, all excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on reducing balance

The freehold properties are included in the accounts at cost and/or valuation. The buildings are maintained at a high standard for continuous occupation and no depreciation is charged as it would be immaterial in view of the length of the estimated residual life and value of the properties.

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.

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 profit or loss on a straight line basis over the period of the lease.

Whipsnade Park Golf Club Limited (Registered number: 01356769)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant & and
property machinery fittings
£    £    £   
COST
At 1 April 2022 1,484,514 742,685 4,882
Additions 8,825 85,349 -
Disposals - (36,194 ) -
At 31 March 2023 1,493,339 791,840 4,882
DEPRECIATION
At 1 April 2022 - 570,768 1,058
Charge for year - 34,320 574
Eliminated on disposal - (25,603 ) -
At 31 March 2023 - 579,485 1,632
NET BOOK VALUE
At 31 March 2023 1,493,339 212,355 3,250
At 31 March 2022 1,484,514 171,917 3,824

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 41,740 12,006 2,285,827
Additions - 553 94,727
Disposals - - (36,194 )
At 31 March 2023 41,740 12,559 2,344,360
DEPRECIATION
At 1 April 2022 1,391 10,406 583,623
Charge for year 6,053 348 41,295
Eliminated on disposal - - (25,603 )
At 31 March 2023 7,444 10,754 599,315
NET BOOK VALUE
At 31 March 2023 34,296 1,805 1,745,045
At 31 March 2022 40,349 1,600 1,702,204

Whipsnade Park Golf Club Limited (Registered number: 01356769)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,698 2,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,562 40,152
Trade creditors 24,603 45,388
Taxation and social security 48,961 39,802
Other creditors 180,236 185,400
315,362 310,742

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,316 63,496
Hire purchase contracts 27,637 31,154
60,953 94,650

Amounts falling due in more than five years:

Repayable by instalments
BBC loan more than 5 years 33,316 40,828

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 58,496 40,152
Bank loans 36,382 63,496
94,878 103,648

Bank borrowings are secured by a first legal mortgage over the land and buildings at Whipsnade Park Golf Club in favour of HSBC..

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,750 40,131

Whipsnade Park Golf Club Limited (Registered number: 01356769)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 40,131
Increase in provision 6,619
Balance at 31 March 2023 46,750

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 1,039,245

11. CONTINGENT LIABILITIES

At the balance sheet date there were no contingent liabilities other than those arising during the normal course of trade.

12. OTHER FINANCIAL COMMITMENTS

At the balance sheet date there were no other financial commitments.