Company registration number 03715419 (England and Wales)
BROUGHTON ASTLEY GOLF & LEISURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BROUGHTON ASTLEY GOLF & LEISURE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BROUGHTON ASTLEY GOLF & LEISURE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
31 March 2023
28 February 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
198,850
Current assets
Stocks
198,850
-
Cash at bank and in hand
-
0
35
198,850
35
Creditors: amounts falling due within one year
4
(159,183)
(129,884)
Net current assets/(liabilities)
39,667
(129,849)
Net assets
39,667
69,001
Capital and reserves
Called up share capital
6
3
Profit and loss reserves
5
39,661
68,998
Total equity
39,667
69,001

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
S D J Pedrick-Moyle
Director
Company Registration No. 03715419
BROUGHTON ASTLEY GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Broughton Astley Golf & Leisure Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Eldon Business Park, Beeston, Nottingham, United Kingdom, NG9 6DZ.

1.1
Reporting period

The reporting period is longer than one year, this was to align the year end with the parent company. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

 

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
N/a

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

BROUGHTON ASTLEY GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date.

 

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

 

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
Financial instruments

The company only has financial instruments that are classified as basic financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including amounts due to fellow group companies are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

BROUGHTON ASTLEY GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2022
Number
Number
Total
4
3
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022
202,865
Transfers
(202,865)
At 31 March 2023
-
0
Depreciation and impairment
At 1 March 2022
4,015
Transfers
(4,015)
At 31 March 2023
-
0
Carrying amount
At 31 March 2023
-
0
At 28 February 2022
198,850
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
159,183
129,884
5
Profit and loss reserves
2023
2022
£
£
At the beginning of the Period
68,998
69,291
Loss for the Period
(29,337)
(293)
At the end of the Period
39,661
68,998
BROUGHTON ASTLEY GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 5 -
6
Parent company

At 31 March 2023 the company's immediate and ultimate parent undertaking was Brackley Property Developments Limited, whose registered office is 27 Eldon Road, Beeston, Nottingham, NG9 6DZ. The financial statements of the company are consolidated into the group accounts of Brackley Property Developments Limited which are available from Companies House.

 

In the opinion of the Directors there is no ultimate controlling party.

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