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REGISTERED NUMBER: 03158767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

GROVE GOLF CLUB LIMITED

GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

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


GROVE GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M I Thomas
N Pounder
K D Jones
A J Williams





SECRETARY: M I Thomas





REGISTERED OFFICE: South Cornelly
Porthcawl
Bridgend
CF33 4RP





REGISTERED NUMBER: 03158767 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,967 152,844

CURRENT ASSETS
Stocks 19,557 16,732
Debtors 5 24,302 25,370
Cash at bank and in hand 7,652 76,832
51,511 118,934
CREDITORS
Amounts falling due within one year 6 470,046 461,990
NET CURRENT LIABILITIES (418,535 ) (343,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,568

)

(190,212

)

CREDITORS
Amounts falling due after more than one
year

7

(23,289

)

(33,226

)

PROVISIONS FOR LIABILITIES - (2,409 )
NET LIABILITIES (279,857 ) (225,847 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (329,857 ) (275,847 )
SHAREHOLDERS' FUNDS (279,857 ) (225,847 )

GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 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.

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 23 November 2023 and were signed on its behalf by:





N Pounder - Director


GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Grove 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.

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.

The financial statements have been prepared on a going concern basis. This basis is deemed appropriate due to the continuing financial support of the parent company Elete Design Limited and other creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the year, excluding discounts, rebates, value added tax any any other relevant and appropriate sales taxes.

Income is recognised when the services have been provided and the right to consideration earned with memberships received in advance being deferred at the balance sheet date and released in the period they relate to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Government grants
Government grants that relate to revenue are recognised in other income over the period in which the related costs are incurred. Grants related to expenses and covid-19 support are recognised in other income as the grant becomes receivable. Such grants occur as a re-imbursement for expenses already incurred and as a result of local authority and government covid-19 support measures

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.

GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 or utilised by group relief.

Leasing commitments
Rentals paid under operating leases are charged to the income statement in line with the rentals due and terms of the lease agreement.

Pension costs and other post-retirement benefits
The company operates an auto enrolment pension scheme for its employees. Contributions payable to the scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 120,113 622,703 742,816
Additions 11,083 18,087 29,170
At 28 February 2023 131,196 640,790 771,986
DEPRECIATION
At 1 March 2022 17,553 572,419 589,972
Charge for year 2,502 17,545 20,047
At 28 February 2023 20,055 589,964 610,019
NET BOOK VALUE
At 28 February 2023 111,141 50,826 161,967
At 28 February 2022 102,560 50,284 152,844

The above land and buildings assets relate to improvements made to leased land and property.

GROVE GOLF CLUB LIMITED (REGISTERED NUMBER: 03158767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,580 5,006
Other debtors 16,722 20,364
24,302 25,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,936 9,681
Trade creditors 46,720 51,514
Amounts owed to group undertakings 50,453 55,347
Taxation and social security 40,777 29,655
Other creditors 322,160 315,793
470,046 461,990

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,289 33,226

8. FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £Nil (2022 - £1,296)

9. RELATED PARTY DISCLOSURES

During the current and previous year, the company was in receipt of an interest free loan from one of its directors. The amount outstanding and due to the director at the year end was £54,250 (2022 - £54,250).

All amounts owed to group undertakings are also on an interest free basis.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party and parent company is P & A Holdings Limited, a company incorporated and registered in Guernsey.