Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31352023-01-01falseoperation of sports facilities35truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00294014 2023-01-01 2023-12-31 00294014 2022-01-01 2022-12-31 00294014 2023-12-31 00294014 2022-12-31 00294014 c:Director1 2023-01-01 2023-12-31 00294014 c:Director2 2023-01-01 2023-12-31 00294014 c:Director3 2023-01-01 2023-12-31 00294014 c:RegisteredOffice 2023-01-01 2023-12-31 00294014 d:PlantMachinery 2023-01-01 2023-12-31 00294014 d:PlantMachinery 2023-12-31 00294014 d:PlantMachinery 2022-12-31 00294014 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00294014 d:MotorVehicles 2023-01-01 2023-12-31 00294014 d:MotorVehicles 2023-12-31 00294014 d:MotorVehicles 2022-12-31 00294014 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00294014 d:FurnitureFittings 2023-01-01 2023-12-31 00294014 d:FurnitureFittings 2023-12-31 00294014 d:FurnitureFittings 2022-12-31 00294014 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00294014 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00294014 d:CurrentFinancialInstruments 2023-12-31 00294014 d:CurrentFinancialInstruments 2022-12-31 00294014 d:Non-currentFinancialInstruments 2023-12-31 00294014 d:Non-currentFinancialInstruments 2022-12-31 00294014 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00294014 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00294014 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00294014 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00294014 d:ShareCapital 2023-12-31 00294014 d:ShareCapital 2022-12-31 00294014 d:RetainedEarningsAccumulatedLosses 2023-12-31 00294014 d:RetainedEarningsAccumulatedLosses 2022-12-31 00294014 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00294014 c:OrdinaryShareClass1 2023-12-31 00294014 c:FRS102 2023-01-01 2023-12-31 00294014 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00294014 c:FullAccounts 2023-01-01 2023-12-31 00294014 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00294014 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00294014 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 00294014 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 00294014 (England and Wales)







WEXHAM PARK GOLF & LEISURE CENTRE LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
COMPANY INFORMATION


Directors
John Weir 
Denis Nolan 
Daniel Nolan 




Registered number
00294014



Registered office
Wexham Park Golf Centre
Wexham Street

Wexham

Slough

Berkshire

SL3 6ND




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wexham Park Golf & Leisure Centre Limited for the year ended 31 December 2023 which comprise  the Balance Sheet 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of Wexham Park Golf & Leisure Centre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Wexham Park Golf & Leisure Centre Limited and state those matters that we have agreed to state to the Board of Directors of Wexham Park Golf & Leisure Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wexham Park Golf & Leisure Centre Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Wexham Park Golf & Leisure Centre Limited 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 Wexham Park Golf & Leisure Centre Limited. You consider that Wexham Park Golf & Leisure Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Wexham Park Golf & Leisure Centre Limited. 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.

  



Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
24 September 2024
Page 1

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
REGISTERED NUMBER:00294014

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
333,323
329,598

  
333,323
329,598

Current assets
  

Stocks
  
113,029
114,854

Debtors
 5 
1,434,443
1,090,619

Cash at bank and in hand
  
125,939
193,106

  
1,673,411
1,398,579

Creditors: amounts falling due within one year
 6 
(1,097,890)
(888,230)

Net current assets
  
 
 
575,521
 
 
510,349

Total assets less current liabilities
  
908,844
839,947

Creditors: amounts falling due after more than one year
 7 
-
(29,544)

Provisions for liabilities
  

Deferred tax
 8 
(83,331)
(82,399)

  
 
 
(83,331)
 
 
(82,399)

Net assets
  
825,513
728,004


Capital and reserves
  

Called up share capital 
 9 
15,100
15,100

Profit and loss account
  
810,413
712,904

  
825,513
728,004


Page 2

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
REGISTERED NUMBER:00294014
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 profit and loss account 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 on 24 September 2024.




___________________________
Denis Nolan
Director

Page 3

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wexham Park Golf & Leisure Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wexham Park Golf Centre, Wexham Street, Wexham, Slough, Berkshire, SL3 6ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover and other income

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from the bar and restaurant is recognised when the transaction takes place.
Turnover from membership subscriptions is recognised evenly over the period of membership. Turnover from green fees and golfing services such as buggy and locker rental is recognised at the time the service is provided. Turnover from room hire and provision of conference facilities is recognised at the time the event takes place.
Rent receivable is recognised in the period to which the rent relates.

 
2.4

Leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the relevant lease.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability. 

Page 4

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

The company operates a defined contribution plan for its employees. Payments to the defined contribution retirement scheme are charged as an expense as they fall due.

 
2.6

Current and deferred taxation

The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

 
2.8

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Straight line
Fixtures and fittings
-
20%
Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2022 - 35).

Page 5

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
687,866
121,696
318,807
1,128,369


Additions
35,109
-
45,304
80,413



At 31 December 2023

722,975
121,696
364,111
1,208,782



Depreciation


At 1 January 2023
495,677
121,696
181,398
798,771


Charge for the year
42,970
-
33,718
76,688



At 31 December 2023

538,647
121,696
215,116
875,459



Net book value



At 31 December 2023
184,328
-
148,995
333,323



At 31 December 2022
192,189
-
137,409
329,598

Included within the net book value is £87,031 (2022: £108,788) relating to assets held under finance lease agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £21,758 (2022: £67,120).


5.


Debtors

2023
2022
£
£

Trade debtors
32,862
33,968

Other debtors
1,218,992
906,392

Prepayments
182,589
150,259

1,434,443
1,090,619


Page 6

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
135,597
131,533

Amounts owed to group undertakings
150,000
-

Amounts owed to related undertakings
590,000
490,000

Corporation tax
30,238
30,163

Other taxation and social security
41,273
55,214

Obligations under finance lease and hire purchase contracts
31,932
58,764

Other creditors
85,995
99,193

Accruals
32,855
23,363

1,097,890
888,230


Amounts owed to group and related undertakings are unsecured, interest-free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Obligations under finance leases and hire purchase contracts
-
29,544


The hire purchase obligations are secured on the assets to which they relate.


8.


Deferred taxation




2023


£



At beginning of year
82,399


Charged to profit or loss
932



At end of year
83,331

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
83,331
82,399

Page 7

 
WEXHAM PARK GOLF & LEISURE CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



302,000 Ordinary shares of £0.05 each
15,100
15,100



10.


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. 
Contributions totalling £237 (2022: £Nil) were payable to the fund at the balance sheet date and are included in creditors. 


11.Commitments under operating leases

At 31 December 2023, the company had annual commitments under non-cancellable operating leases over the remaining life of those leases of £100,000 (2022: £100,000).


12.


Related party transactions

The company has taken advantage of the exemption available in accordance with Financial Reporting Standard 102, section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


13.


Parent undertaking

The company's ultimate parent undertaking is Swing City Golf & Leisure Limited.

 
Page 8