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REGISTERED NUMBER: 00158482 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

North Shore Golf
Club(Skegness)limited(The)

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)






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

Chartered Accountants' Report 9

North Shore Golf
Club(Skegness)limited(The)

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W R C Mitchell
Mrs N J Mitchell





SECRETARY: W R C Mitchell





REGISTERED OFFICE: North Shore Hotel
North Shore Road
Skegness
Lincolnshire
PE25 1DN





REGISTERED NUMBER: 00158482 (England and Wales)





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,972,146 2,033,971

CURRENT ASSETS
Stocks 37,720 44,300
Debtors 5 17,739 82,505
Cash at bank and in hand 107,042 27,361
162,501 154,166
CREDITORS
Amounts falling due within one year 6 245,819 248,643
NET CURRENT LIABILITIES (83,318 ) (94,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,888,828

1,939,494

CREDITORS
Amounts falling due after more than one
year

7

489,270

560,842
NET ASSETS 1,399,558 1,378,652

CAPITAL AND RESERVES
Called up share capital 9 3,475 3,475
Revaluation reserve 10 1,145,912 1,145,912
Retained earnings 10 250,171 229,265
SHAREHOLDERS' FUNDS 1,399,558 1,378,652

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.

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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 Statement of Comprehensive Income has not been delivered.

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




W R C Mitchell - Director



Mrs N J Mitchell - Director


North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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

1. STATUTORY INFORMATION

North Shore Golf Club(Skegness)limited(The) 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 as modified by the revaluation of certain assets.

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 - at varying rates on cost
Amusement machines - 25% on cost
Fixtures and fittings - 20% on cost
Plant, Machinery And Vehicles - 20% on cost
Equipment - 33% 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 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.

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 42 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Amusement
property property machines
£    £    £   
COST OR VALUATION
At 1 January 2023 1,800,000 94,938 4,162
Additions - - -
Disposals - - -
At 31 December 2023 1,800,000 94,938 4,162
DEPRECIATION
At 1 January 2023 - 10,041 4,162
Charge for year - 1,899 -
Eliminated on disposal - - -
At 31 December 2023 - 11,940 4,162
NET BOOK VALUE
At 31 December 2023 1,800,000 82,998 -
At 31 December 2022 1,800,000 84,897 -

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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

4. TANGIBLE FIXED ASSETS - continued

Plant,
Fixtures Machinery
and And
fittings Vehicles Equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 699,303 278,106 253,349 3,129,858
Additions 9,637 10,498 - 20,135
Disposals (160,692 ) 10,854 (118,862 ) (268,700 )
At 31 December 2023 548,248 299,458 134,487 2,881,293
DEPRECIATION
At 1 January 2023 616,661 212,894 252,129 1,095,887
Charge for year 24,693 21,719 1,219 49,530
Eliminated on disposal (133,788 ) 16,380 (118,862 ) (236,270 )
At 31 December 2023 507,566 250,993 134,486 909,147
NET BOOK VALUE
At 31 December 2023 40,682 48,465 1 1,972,146
At 31 December 2022 82,642 65,212 1,220 2,033,971

Cost or valuation at 31 December 2023 is represented by:

Improvements
Freehold to Amusement
property property machines
£    £    £   
Valuation in 2013 1,145,912 - -
Valuation in 2019 - 13,827 -
Cost 654,088 81,111 4,162
1,800,000 94,938 4,162

Plant,
Fixtures Machinery
and And
fittings Vehicles Equipment Totals
£    £    £    £   
Valuation in 2013 - - - 1,145,912
Valuation in 2019 40,454 12,401 3,593 70,275
Cost 507,794 287,057 130,894 1,665,106
548,248 299,458 134,487 2,881,293

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,256 54,743
Deferred tax asset 9,570 22,785
Prepayments and accrued income 3,913 4,977
17,739 82,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 28,195 55,835
Trade creditors 109,815 107,776
Social security and other taxes 15,484 10,915
VAT 54,499 41,100
Directors' current accounts 36,000 26,000
Accruals and deferred income 1,826 7,017
245,819 248,643

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 56,389 56,389
Bank loans - 2-5 years 274,844 297,648
Other creditors 156,143 193,805
Accruals and deferred income 1,894 13,000
489,270 560,842

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft - 27,640
Bank loans 359,428 382,232
359,428 409,872

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
3,475 Ordinary 1.00 3,475 3,475

North Shore Golf
Club(Skegness)limited(The) (Registered number: 00158482)

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

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 229,265 1,145,912 1,375,177
Profit for the year 41,800 41,800
Dividends (20,894 ) (20,894 )
At 31 December 2023 250,171 1,145,912 1,396,083

11. ULTIMATE CONTROLLING PARTY



The parent company during the year was R G Mitchell (Leisure) Limited which is incorporated in Great Britain and registered in England & Wales. The ultimate parent company is Mitchell Leisure Group Limited and the ultimate controlling party is the sole director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
North Shore Golf
Club(Skegness)limited(The)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Shore Golf Club(Skegness)limited(The) for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of North Shore Golf Club(Skegness)limited(The), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Shore Golf Club(Skegness)limited(The) and state those matters that we have agreed to state to the Board of Directors of North Shore Golf Club(Skegness)limited(The), as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Shore Golf Club(Skegness)limited(The) and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that North Shore Golf Club(Skegness)limited(The) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Shore Golf Club(Skegness)limited(The). You consider that North Shore Golf Club(Skegness)limited(The) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North Shore Golf Club(Skegness)limited(The). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW


22 April 2024