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REGISTERED NUMBER: 03529614 (England and Wales)















LOFTHOUSE HILL GOLF LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)






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


LOFTHOUSE HILL GOLF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: C Middleton
G Middleton





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 03529614 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 611,957 619,879

CURRENT ASSETS
Stocks - 500
Debtors 5 5,870 6,785
Cash at bank 924 1,896
6,794 9,181
CREDITORS
Amounts falling due within one year 6 24,555 22,452
NET CURRENT LIABILITIES (17,761 ) (13,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,196

606,608

CREDITORS
Amounts falling due after more than one
year

7

(20,772

)

(21,236

)

PROVISIONS FOR LIABILITIES (1,146 ) (2,651 )
NET ASSETS 572,278 582,721

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 572,276 582,719
SHAREHOLDERS' FUNDS 572,278 582,721

LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)

BALANCE SHEET - continued
30 NOVEMBER 2023


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.

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 26 August 2024 and were signed on its behalf by:





G Middleton - Director


LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)

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

1. STATUTORY INFORMATION

Lofthouse Hill Golf 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Equipment - 20% on cost
Motor vehicles - 25% on reducing balance

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.

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 NIL (2022 - 1 ).

LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1 December 2022 605,925 23,932 24,258 654,115
Disposals - (16,782 ) - (16,782 )
At 30 November 2023 605,925 7,150 24,258 637,333
DEPRECIATION
At 1 December 2022 - 16,374 17,862 34,236
Charge for year - 309 1,599 1,908
Eliminated on disposal - (10,768 ) - (10,768 )
At 30 November 2023 - 5,915 19,461 25,376
NET BOOK VALUE
At 30 November 2023 605,925 1,235 4,797 611,957
At 30 November 2022 605,925 7,558 6,396 619,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 5,870 6,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,334 -
Corporation tax and interest 22,285 21,519
Social security and other taxes - 34
Accruals and deferred income 936 899
24,555 22,452

The directors are currently only repaying the interest on the bounceback loan.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounceback loan 2-5 years 20,772 21,236

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

LOFTHOUSE HILL GOLF LIMITED (REGISTERED NUMBER: 03529614)

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

9. RESERVES
Retained
earnings
£   

At 1 December 2022 582,719
Deficit for the year (10,443 )
At 30 November 2023 572,276

10. CONTINGENT LIABILITIES

Leeds City Council carried out demolition work at Lofthouse Hill Golf Club on 12.07.2023 to make safe the fire-damaged building. An invoice has been raised ordering Lofthouse Hill Golf Ltd to pay £18,683.56 plus VAT for the work carried out.
The Directors consider that the works were carried out unlawfully, as they were not given the required notice. The case is ongoing, and as such, no liability has been included in these accounts.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
G Middleton
Balance outstanding at start of year 6,785 14,054
Amounts advanced 2,200 8,815
Amounts repaid (3,116 ) (16,084 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,869 6,785

As the premises suffered a fire during the year ended 30 November 2021 the director, G Middleton, decided to waive drawing all his wages for that year. Payroll information was amended after that year end resulting in negative wages reported for the current year.

12. RELATED PARTY DISCLOSURES

SRO Slovakia
C Middleton is a director.

There have been no transactions between the two companies during the financial period.


G&S Sports Ltd
G Middleton is a director and shareholder.

There have been no trading transactions between the two companies during the financial period.