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REGISTERED NUMBER: 04756740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

EAGLES GOLF & TENNIS CENTRE LIMITED

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLES GOLF & TENNIS CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D W Horn





SECRETARY: D W Horn





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 04756740 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,936 20,906
Tangible assets 5 73,497 91,522
87,433 112,428

CURRENT ASSETS
Stocks 40,352 34,501
Debtors 6 71,189 62,597
Cash at bank and in hand 110,822 140,707
222,363 237,805
CREDITORS
Amounts falling due within one year 7 86,267 103,037
NET CURRENT ASSETS 136,096 134,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,529

247,196

CREDITORS
Amounts falling due after more than one
year

8

(57,286

)

(81,824

)

PROVISIONS FOR LIABILITIES (14,700 ) (21,000 )
NET ASSETS 151,543 144,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,443 144,272
SHAREHOLDERS' FUNDS 151,543 144,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





D W Horn - Director


EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Eagles Golf & Tennis Centre 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 director believes that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents net invoiced sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003. It is being amortised evenly over its estimated useful life of ten years from the year ended 31 July 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 174,240
AMORTISATION
At 1 August 2022 153,334
Charge for year 6,970
At 31 July 2023 160,304
NET BOOK VALUE
At 31 July 2023 13,936
At 31 July 2022 20,906

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022 184,246
Additions 5,690
Disposals (608 )
At 31 July 2023 189,328
DEPRECIATION
At 1 August 2022 92,724
Charge for year 23,373
Eliminated on disposal (266 )
At 31 July 2023 115,831
NET BOOK VALUE
At 31 July 2023 73,497
At 31 July 2022 91,522

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 100,630
DEPRECIATION
At 1 August 2022 17,852
Charge for year 20,695
At 31 July 2023 38,547
NET BOOK VALUE
At 31 July 2023 62,083
At 31 July 2022 82,778

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 6,662 4,921
Other debtors 64,527 57,676
71,189 62,597

EAGLES GOLF & TENNIS CENTRE LIMITED (REGISTERED NUMBER: 04756740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 8,400 13,323
Hire purchase contracts 16,138 15,168
Trade creditors 19,616 43,363
Taxation and social security 28,502 17,540
Other creditors 13,611 13,643
86,267 103,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 15,400 23,800
Hire purchase contracts 41,886 58,024
57,286 81,824

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 23,800 37,123

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
D W Horn
Balance outstanding at start of year 34,172 69,432
Amounts advanced 49,289 35,586
Amounts repaid (39,840 ) (70,846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,621 34,172

Interest was charged on the overdrawn directors loan account balance in excess of £10,000 at 2.00% to 5 April 2023 and 2.25% thereafter.