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REGISTERED NUMBER: 10563156 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Junkyard Golf Club (Oxford) Limited

Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Junkyard Golf Club (Oxford) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: L B Higginson
M Lake
C R Legh
J P Murphy





REGISTERED OFFICE: M.01 Tomorrow
Blue
MediaCityUK
Salford
M50 2AB





REGISTERED NUMBER: 10563156 (England and Wales)





AUDITORS: Cowgill Holloway LLP
Regency House
45 - 53 Chorley New Road
Bolton
BL1 4QR

Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 661,466 704,218

CURRENT ASSETS
Stocks 21,001 22,538
Debtors 5 406,456 392,209
Prepayments and accrued income 94,426 77,261
Cash at bank 240,434 281,203
762,317 773,211
CREDITORS
Amounts falling due within one year 6 562,027 792,427
NET CURRENT ASSETS/(LIABILITIES) 200,290 (19,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,756

685,002

PROVISIONS FOR LIABILITIES 3,995 5,540
NET ASSETS 857,761 679,462

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 857,561 679,262
SHAREHOLDERS' FUNDS 857,761 679,462

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 December 2023 and were signed on its behalf by:




L B Higginson - Director M Lake - Director




C R Legh - Director J P Murphy - Director


Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)

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

1. STATUTORY INFORMATION

Junkyard Golf Club (Oxford) 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 statement 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 20% on cost

A full years depreciation is accounted for in the year of acquisition and none in the year of disposal.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 669,136 483,874 1,153,010
Additions - 21,224 21,224
Disposals - (3,554 ) (3,554 )
At 31 March 2023 669,136 501,544 1,170,680
DEPRECIATION
At 1 April 2022 102,072 346,720 448,792
Charge for year 26,766 36,452 63,218
Eliminated on disposal - (2,796 ) (2,796 )
At 31 March 2023 128,838 380,376 509,214
NET BOOK VALUE
At 31 March 2023 540,298 121,168 661,466
At 31 March 2022 567,064 137,154 704,218

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 18,688 12,808
Other debtors 297,768 289,401
316,456 302,209

Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)

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

5. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Other debtors 90,000 90,000

Aggregate amounts 406,456 392,209

Included within other debtors is £2,160 (2022 : £2,160) that was due from companies related through common directorship.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 95,809 57,762
Amounts owed to group undertakings 100,651 402,560
Taxation and social security 286,867 210,944
Other creditors 78,700 121,161
562,027 792,427

Included within other creditors is £275 (2022 : £275) that was due to companies related through common directorship.

7. LEASING AGREEMENTS
Operating lease commitments - 2023 - £Nil (2022 - £25,000)

8. SECURED DEBTS

The companies assets are secured by a fixed and floating charge held by Barclays Bank PLC.

The company has entered into a deed of guarantee and debenture with Barclays Bank PLC for the liability and obligations of Junkyard Golf Club (London) Limited. As of 31 March 2023 the amount due to Barclays Bank PLC amounted to £59,502 (2022: £59,502).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10,000 Ordinary 0.01 100 100
10,000 B Ordinary 0.01 100 100
200 200

Junkyard Golf Club (Oxford) Limited (Registered number: 10563156)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nilesh Modhvadia (Senior Statutory Auditor)
for and on behalf of Cowgill Holloway LLP

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31.03.2023 the following balances were owed from the directors to the company.
Director 1 - £79,923 (2022: £76,473)
Director 2 - £25,303 (2022: £24,807)
Director 3 - £60,063 (2022: £58,885)
Director 4 - £57,742 (2022: £56,609)

Interest is charged at 2% on the overdrawn loan accounts. No formal repayment terms have been agreed.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. PARENT COMPANY

The parent company of Junkyard Golf Club (Oxford) Limited is Junkyard Golf Club Limited who prepare consolidated accounts.
The registered office of Junkyard Golf Club Limited is M.01 Tomorrow, Blue, Mediacityuk, England, M50 2AB.