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REGISTERED NUMBER: 07048490 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Grove Golf & Bowl Limited

Grove Golf & Bowl Limited (Registered number: 07048490)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Grove Golf & Bowl Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs Z Helme
R J Helme





REGISTERED OFFICE: Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE





REGISTERED NUMBER: 07048490 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Grove Golf & Bowl Limited (Registered number: 07048490)

Abridged Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 150,562 175,312
Tangible assets 6 651,062 610,032
801,624 785,344

CURRENT ASSETS
Stocks 13,670 11,984
Debtors 14,583 10,584
Cash at bank and in hand 484,671 469,382
512,924 491,950
CREDITORS
Amounts falling due within one year (205,593 ) (220,258 )
NET CURRENT ASSETS 307,331 271,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,955

1,057,036

CREDITORS
Amounts falling due after more than one
year

(550,000

)

(648,073

)

PROVISIONS FOR LIABILITIES (24,980 ) (32,503 )
NET ASSETS 533,975 376,460

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 532,975 375,460
SHAREHOLDERS' FUNDS 533,975 376,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Grove Golf & Bowl Limited (Registered number: 07048490)

Abridged Balance Sheet - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





R J Helme - Director


Grove Golf & Bowl Limited (Registered number: 07048490)

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


1. STATUTORY INFORMATION

Grove Golf & Bowl 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors have pledged their continuing support to the company and have agreed not to withdraw their long term directors loan account, currently £550,000, until the company has sufficient funds to do so without prejudicing any other creditor.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 10% on cost

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 Profit and Loss Account, 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 & Bowl Limited (Registered number: 07048490)

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


3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 25 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 495,000
AMORTISATION
At 1 November 2022 319,688
Amortisation for year 24,750
At 31 October 2023 344,438
NET BOOK VALUE

At 31 October 2023 150,562
At 31 October 2022 175,312

Grove Golf & Bowl Limited (Registered number: 07048490)

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


6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 1,118,274
Additions 57,859
At 31 October 2023 1,176,133
DEPRECIATION
At 1 November 2022 508,242
Charge for year 16,829
At 31 October 2023 525,071
NET BOOK VALUE
At 31 October 2023 651,062
At 31 October 2022 610,032

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 8,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 16,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 42,073

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 66,073

The bank overdraft facility, currently £25,000, and a bank loans are secured by a personal guarantee from the director, Mr Roger Helme. This guarantee is supported by the 110 acre site accommodating The Grove asset.

Grove Golf & Bowl Limited (Registered number: 07048490)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000