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REGISTERED NUMBER: 09493826 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WBGC LIMITED

WBGC LIMITED (REGISTERED NUMBER: 09493826)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WBGC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P J Field
S R Berry
Mrs P Coase
T Cook
S Hayes
B S Herbert
K Mannering





SECRETARY: K Mullen





REGISTERED OFFICE: Clubhouse
Sheerwater Road
West Byfleet
Surrey
KT14 6AA





REGISTERED NUMBER: 09493826 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

WBGC LIMITED (REGISTERED NUMBER: 09493826)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,096,897 962,707
Investments 5 845 845
1,097,742 963,552

CURRENT ASSETS
Stocks 28,973 23,798
Debtors 6 139,998 155,417
Cash at bank and in hand 519,312 488,942
688,283 668,157
CREDITORS
Amounts falling due within one year 7 465,755 423,519
NET CURRENT ASSETS 222,528 244,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,320,270

1,208,190

CREDITORS
Amounts falling due after more than one
year

8

228,051

150,024
NET ASSETS 1,092,219 1,058,166

RESERVES
Retained earnings 1,092,219 1,058,166
1,092,219 1,058,166

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

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

WBGC LIMITED (REGISTERED NUMBER: 09493826)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





K Mannering - Director


WBGC LIMITED (REGISTERED NUMBER: 09493826)

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


1. STATUTORY INFORMATION

WBGC 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.
Improvements to property - in accordance with the property
Plant and machinery - 20% on cost, 10% on cost, 4% on cost and in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase /leasing.
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to income as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

WBGC LIMITED (REGISTERED NUMBER: 09493826)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 191,825 1,347,466 25,792 3,652 1,568,735
Additions - 185,616 49,919 5,636 241,171
Disposals - (57,921 ) (6,500 ) (3,652 ) (68,073 )
At 31 December 2023 191,825 1,475,161 69,211 5,636 1,741,833
DEPRECIATION
At 1 January 2023 74,777 509,748 17,851 3,652 606,028
Charge for year 9,593 88,790 8,598 - 106,981
Eliminated on disposal - (57,921 ) (6,500 ) (3,652 ) (68,073 )
At 31 December 2023 84,370 540,617 19,949 - 644,936
NET BOOK VALUE
At 31 December 2023 107,455 934,544 49,262 5,636 1,096,897
At 31 December 2022 117,048 837,718 7,941 - 962,707

5. FIXED ASSET INVESTMENTS

WBGC Limited acquired shares in West Byfleet Golf Club Limited upon the transfer of the net assets from West Byfleet Golf Club (an unincorporated association) on 1st January 2017. West Byfleet Golf Club Limited is a dormant company but it owns the freehold land that this company occupies under a grant of use.
WBGC Limited owns 382 25p Members' Shares and 169 £1 Proprietors' Shares in West Byfleet Golf Club Limited. There are 382 Members' Shares and 258 Proprietors' shares in issue.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 88,598 114,845
Other debtors 51,400 40,572
139,998 155,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 59,489 32,835
Trade creditors 330,588 305,022
Taxation and social security 19,005 17,464
Other creditors 56,673 68,198
465,755 423,519

WBGC LIMITED (REGISTERED NUMBER: 09493826)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 167,086 89,059
Other creditors 60,965 60,965
228,051 150,024

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Members' loans 60,965 60,965