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REGISTERED NUMBER: 03583506 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NEWPORT (PEMBS.) GOLF CLUB LIMITED

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWPORT (PEMBS.) GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: C J Noott
Mrs G S Jones





SECRETARY:





REGISTERED OFFICE: The Clubhouse
Golf Course Road
Newport
Dyfed
SA42 0NR





REGISTERED NUMBER: 03583506 (England and Wales)





ACCOUNTANTS: Great Nash Accountancy Services
31 Church View
Summerhill
Stepaside
Pembrokeshire
SA67 8LZ

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421,694 473,573

CURRENT ASSETS
Stocks 26,642 24,956
Debtors 5 14,341 22,444
Cash at bank and in hand 23,224 20,144
64,207 67,544
CREDITORS
Amounts falling due within one year 6 49,740 55,433
NET CURRENT ASSETS 14,467 12,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,161

485,684

CREDITORS
Amounts falling due after more than one
year

7

1,472,589

1,523,961
NET LIABILITIES (1,036,428 ) (1,038,277 )

CAPITAL AND RESERVES
Called up share capital 800,000 800,000
Retained earnings (1,836,428 ) (1,838,277 )
SHAREHOLDERS' FUNDS (1,036,428 ) (1,038,277 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





C J Noott - Director


NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Newport (Pembs.) 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.

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.

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

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 - in accordance with the property
Plant and machinery etc - 15% 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 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 297,879 913,149 1,211,028
Additions - 499 499
Disposals (25,971 ) - (25,971 )
At 30 November 2023 271,908 913,648 1,185,556
DEPRECIATION
At 1 December 2022 - 737,455 737,455
Charge for year - 26,407 26,407
At 30 November 2023 - 763,862 763,862
NET BOOK VALUE
At 30 November 2023 271,908 149,786 421,694
At 30 November 2022 297,879 175,694 473,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 5,113 8,083
Other debtors 9,228 14,361
14,341 22,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,700 7,700
Hire purchase contracts 17,851 21,589
Trade creditors 10,069 14,515
Taxation and social security 5,728 3,533
Other creditors 8,392 8,096
49,740 55,433

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 13,578 21,331
Hire purchase contracts 43,287 61,138
Other creditors 1,415,724 1,441,492
1,472,589 1,523,961

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 160,000 160,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 61,138 82,727

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
C J Noott
Balance outstanding at start of year 334,110 363,210
Amounts repaid (8,000 ) (29,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 326,110 334,110

Mrs G S Jones
Balance outstanding at start of year 947,382 947,382
Amounts repaid (17,768 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 929,614 947,382

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Noott.

NEWPORT (PEMBS.) GOLF CLUB LIMITED (REGISTERED NUMBER: 03583506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. GOING CONCERN

The Balance Sheet shows a Net Liability position as at 30 November 2023 but the Directors do not consider there to be a going concern issue as the material creditors are direct and indirect family of the Directors, in addition to the Directors themselves.

12. DIRECTOR REMUNERATION

It is noted that the Director continues to provide his services on a full time basis to the company but waiving his right to any remuneration for the benefit of the company's cash position.