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REGISTERED NUMBER: 03236843 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PAR GOLF (CHESTER) LIMITED

PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)






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


PAR GOLF (CHESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R H Reynolds Esq
S Andrew Esq
Mrs C E Reynolds
S Purcell Esq
T Purcell Esq





SECRETARY: Mrs C E Reynolds





REGISTERED OFFICE: 10 Mostyn Street
Llandudno
LL30 2PS





REGISTERED NUMBER: 03236843 (England and Wales)





ACCOUNTANT: sianroberts
Chartered Accountant
10 Mostyn Street
Llandudno
Conwy
LL30 2PS

PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,150 440,899

CURRENT ASSETS
Debtors 5 595 595
Cash at bank and in hand 84,460 100,323
85,055 100,918
CREDITORS
Amounts falling due within one year 6 244,100 255,520
NET CURRENT LIABILITIES (159,045 ) (154,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,105

286,297

CREDITORS
Amounts falling due after more than one year 7 (154,247 ) (134,521 )

PROVISIONS FOR LIABILITIES (20,025 ) (11,945 )
NET ASSETS 157,833 139,831

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 157,830 139,828
SHAREHOLDERS' FUNDS 157,833 139,831

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.

PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)

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 22 August 2024 and were signed on its behalf by:





S Andrew Esq - Director


PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)

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

1. STATUTORY INFORMATION

Par Golf (Chester) 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 represents invoiced services, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost of freehold buildings
Plant and machinery etc - 25% on reducing balance

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
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 4 (2022 - 4 ) .

PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 525,691 238,739 764,430
Additions 23,462 75,456 98,918
Disposals - (23,600 ) (23,600 )
At 30 November 2023 549,153 290,595 839,748
DEPRECIATION
At 1 December 2022 155,843 167,688 323,531
Charge for year 10,983 26,526 37,509
Eliminated on disposal - (12,442 ) (12,442 )
At 30 November 2023 166,826 181,772 348,598
NET BOOK VALUE
At 30 November 2023 382,327 108,823 491,150
At 30 November 2022 369,848 71,051 440,899

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 48,188
Additions 58,487
At 30 November 2023 106,675
DEPRECIATION
At 1 December 2022 12,047
Charge for year 16,346
At 30 November 2023 28,393
NET BOOK VALUE
At 30 November 2023 78,282
At 30 November 2022 36,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 595 595

PAR GOLF (CHESTER) LIMITED (REGISTERED NUMBER: 03236843)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,148 20,100
Hire purchase contracts 11,658 5,369
Trade creditors 4,200 -
Taxation and social security 39,594 49,208
Other creditors 169,500 180,843
244,100 255,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 82,748 100,009
Hire purchase contracts 71,499 34,512
154,247 134,521

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,425 24,834

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 101,896 120,109
Hire purchase contracts 83,157 39,881
185,053 159,990

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs R Reynolds, S Andrew, T Purcell and S Purcell.