Hampshire Golf Limited 12077412 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the operation and management of the golf course, academy course, driving range and foot golf facilities at Hampshire Golf Club. Digita Accounts Production Advanced 6.30.9574.0 true true 12077412 2022-12-01 2023-11-30 12077412 2023-11-30 12077412 core:CurrentFinancialInstruments 2023-11-30 12077412 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 12077412 core:Non-currentFinancialInstruments 2023-11-30 12077412 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 12077412 core:PlantMachinery 2023-11-30 12077412 bus:SmallEntities 2022-12-01 2023-11-30 12077412 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12077412 bus:FilletedAccounts 2022-12-01 2023-11-30 12077412 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12077412 bus:RegisteredOffice 2022-12-01 2023-11-30 12077412 bus:Director1 2022-12-01 2023-11-30 12077412 bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 12077412 core:PlantMachinery 2022-12-01 2023-11-30 12077412 countries:EnglandWales 2022-12-01 2023-11-30 12077412 2022-11-30 12077412 core:PlantMachinery 2022-11-30 12077412 2021-12-01 2022-11-30 12077412 2022-11-30 12077412 core:CurrentFinancialInstruments 2022-11-30 12077412 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 12077412 core:Non-currentFinancialInstruments 2022-11-30 12077412 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 12077412 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 12077412

Hampshire Golf Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Hampshire Golf Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Hampshire Golf Limited

(Registration number: 12077412)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,392

19,189

Current assets

 

Debtors

5

357,911

345,300

Cash at bank and in hand

 

66,001

49,654

 

423,912

394,954

Creditors: Amounts falling due within one year

6

(215,677)

(203,409)

Net current assets

 

208,235

191,545

Total assets less current liabilities

 

222,627

210,734

Creditors: Amounts falling due after more than one year

6

(16,875)

(26,751)

Provisions for liabilities

(3,598)

(4,797)

Net assets

 

202,154

179,186

Reserves

 

Retained earnings

202,154

179,186

Surplus

 

202,154

179,186

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2024
 

 

Hampshire Golf Limited

(Registration number: 12077412)
Balance Sheet as at 30 November 2023

.........................................
H Guerroudj
Director

 

Hampshire Golf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of golf services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Hampshire Golf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

 

Hampshire Golf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

28,888

28,888

At 30 November 2023

28,888

28,888

Depreciation

At 1 December 2022

9,699

9,699

Charge for the year

4,797

4,797

At 30 November 2023

14,496

14,496

Carrying amount

At 30 November 2023

14,392

14,392

At 30 November 2022

19,189

19,189

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

12,093

Other debtors

357,911

333,207

 

357,911

345,300

 

Hampshire Golf Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

10,384

9,739

Trade creditors

 

-

6,060

Taxation and social security

 

9,998

6,147

Other creditors

 

195,295

181,463

 

215,677

203,409

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

16,875

26,751

7

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,384

9,739

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

16,875

26,751

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £30,155 (2022 - £Nil).