Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity2927trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00281614 2023-04-01 2024-03-31 00281614 2022-04-01 2023-03-31 00281614 2024-03-31 00281614 2023-03-31 00281614 c:Director12 2023-04-01 2024-03-31 00281614 d:Buildings 2023-04-01 2024-03-31 00281614 d:Buildings 2024-03-31 00281614 d:Buildings 2023-03-31 00281614 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00281614 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 00281614 d:FurnitureFittings 2023-04-01 2024-03-31 00281614 d:FurnitureFittings 2024-03-31 00281614 d:FurnitureFittings 2023-03-31 00281614 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00281614 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00281614 d:CurrentFinancialInstruments 2024-03-31 00281614 d:CurrentFinancialInstruments 2023-03-31 00281614 d:Non-currentFinancialInstruments 2024-03-31 00281614 d:Non-currentFinancialInstruments 2023-03-31 00281614 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00281614 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00281614 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00281614 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00281614 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 00281614 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 00281614 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00281614 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 00281614 d:ShareCapital 2024-03-31 00281614 d:ShareCapital 2023-03-31 00281614 d:RetainedEarningsAccumulatedLosses 2024-03-31 00281614 d:RetainedEarningsAccumulatedLosses 2023-03-31 00281614 c:FRS102 2023-04-01 2024-03-31 00281614 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00281614 c:FullAccounts 2023-04-01 2024-03-31 00281614 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00281614 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 00281614 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 00281614 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 00281614 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 00281614 2 2023-04-01 2024-03-31 00281614 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00281614









BROOKMANS PARK GOLF CLUB LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BROOKMANS PARK GOLF CLUB LIMITED
REGISTERED NUMBER:00281614

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
886,816
896,539

  
886,816
896,539

Current assets
  

Stocks
  
21,946
20,008

Debtors: amounts falling due within one year
 7 
99,213
145,760

Cash at bank and in hand
 8 
555,827
739,795

  
676,986
905,563

Creditors: amounts falling due within one year
 9 
(821,204)
(862,266)

Net current (liabilities)/assets
  
 
 
(144,218)
 
 
43,297

Total assets less current liabilities
  
742,598
939,836

Creditors: amounts falling due after more than one year
 10 
(181,310)
(254,213)

  

Net assets
  
561,288
685,623


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
561,188
685,523

  
561,288
685,623


Page 1

 
BROOKMANS PARK GOLF CLUB LIMITED
REGISTERED NUMBER:00281614
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S D English
Director

Date: 23 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Brookmans Park Golf Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Club House, Brookmans Park, Herts, AL9 7AT. 
The principal activity of the company is that of a golf club. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 3

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover comprises a number of various activities including subscriptions, green fees, bar and dining room sales, entrance fees, levy income and miscellaneous income.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the basis below.

Depreciation is provided on the following basis:

Freehold buildings
-
2%
Straight line
Ladies' locker room, shed clubhouse improvements and course improvements
-
10%
Straight line
Fixtures, fittings & equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Included within prepayments are prepayments which relate to costs for future development projects. These projects depend on the outcome of planning permission approval. Once planning permission has been approved the prepaid development costs will be moved to fixed assets and therefore treated as prepayments in the current financial period while awaiting the outcome.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 27).


4.


Bar trading account

2024
2023
£
£


Sales
272,326
234,267

Purchases
(93,941)
(88,745)

178,385
145,522


Wages and salaries
(133,825)
(126,635)

Surplus for the period
44,560
18,887



5.


Catering trading account

2024
2023
£
£


Sales
176,125
160,952

Purchases
(101,095)
(192,109)

75,030
(31,157)



Wages and salaries
(145,069)
(42,053)

Deficit for the period
(70,039)
(73,210)


Page 7

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
1,245,940
1,004,139
2,250,079


Additions
34,762
63,787
98,549



At 31 March 2024

1,280,702
1,067,926
2,348,628



Depreciation


At 1 April 2023
685,112
668,428
1,353,540


Charge for the year on owned assets
34,344
73,928
108,272



At 31 March 2024

719,456
742,356
1,461,812



Net book value



At 31 March 2024
561,246
325,570
886,816



At 31 March 2023
560,828
335,711
896,539

Page 8

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
1,672
9

Other debtors
-
57,447

Prepayments and accrued income
10,757
19,659

Prepayments relating to project development
86,784
68,645

99,213
145,760



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
555,827
739,795

555,827
739,795



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
60,000
60,000

Trade creditors
77,588
71,989

Other taxation and social security
24,989
11,238

Obligations under finance lease and hire purchase contracts
31,460
55,065

Other creditors
36,267
50,767

Accruals and deferred income
590,900
613,207

821,204
862,266


Included within accruals and deferred income are balances of £Nil (2023: £4,662) for the Cooper fund and £1,353 (2023: £1,353) for the Fordham fund. Also included is £544,261 (2023: £545,661) relating to subscriptions received in advance.

Page 9

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
100,000
160,000

Net obligations under finance leases and hire purchase contracts
81,310
94,213

181,310
254,213



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
60,000
60,000


60,000
60,000

Amounts falling due 1-2 years

Bank loans
100,000
120,000


100,000
120,000

Amounts falling due 2-5 years

Bank loans
-
40,000


-
40,000


160,000
220,000


The loan contains a fixed and floating charge over all the property or undertaking of the company.

Page 10

 
BROOKMANS PARK GOLF CLUB LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
31,460
55,065

Between 1-5 years
81,310
94,213

112,770
149,278

The amounts due on hire purchase agreements are secured on the assets to which they relate.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,369 (2023 - £12,660). Contributions totalling £Nil (2023 - £2,255) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11