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REGISTERED NUMBER: 00123465 (England and Wales)















WREXHAM GOLF COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


WREXHAM GOLF COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: R P Ledsham
A W Washington Dyer
K Miller
Ms P Valentine
Mrs M Clark
M D Jones
R P Williams
W A Taylor
Mrs A J Jones
K Griffiths
M Palmer





Secretary: R P Ledsham





Registered office: Holt Road
Wrexham
LL13 9SB





Registered number: 00123465 (England and Wales)





Auditors: Xeinadin Audit Limited
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 498,999 542,451

Current assets
Stocks 15,214 11,174
Debtors 5 14,249 19,546
Cash at bank and in hand 119,790 119,497
149,253 150,217
Creditors
Amounts falling due within one year 6 198,877 189,894
Net current liabilities (49,624 ) (39,677 )
Total assets less current liabilities 449,375 502,774

Creditors
Amounts falling due after more than one
year

7

77,750

115,301
Net assets 371,625 387,473

Reserves
Junior section reserves 10 3,446 1,216
Ladies section reserves 10 3,885 4,649
Seniors section reserves 10 2,378 2,436
Income and expenditure account 10 361,916 379,172
371,625 387,473

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 16 September 2024 and were signed on its behalf by:





R P Ledsham - Director


WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Wrexham Golf Company Limited is a private company, limited by guarantee , 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.

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.
Golf Course - not provided
Land - not provided
Clubhouse locker rooms and fittings - 2.5% on cost
Clubhouse furniture, plant and equipment - 15% 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.

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 12 (2022 - 13 ) .

WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. Tangible fixed assets
Clubhouse Clubhouse
locker furniture,
Golf rooms and plant and
Course Land fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 35,237 112,371 533,340 1,110,367 1,791,315
Additions - - - 5,965 5,965
At 31 December 2023 35,237 112,371 533,340 1,116,332 1,797,280
Depreciation
At 1 January 2023 - - 376,344 872,520 1,248,864
Charge for year - - 13,334 36,083 49,417
At 31 December 2023 - - 389,678 908,603 1,298,281
Net book value
At 31 December 2023 35,237 112,371 143,662 207,729 498,999
At 31 December 2022 35,237 112,371 156,996 237,847 542,451

Included within the net book value of £542,451 is £101,330 (2022 £119,212) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £17,882 (2022 £9,403).

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,776 6,838
Other debtors 10,473 12,708
14,249 19,546

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,650 9,890
Hire purchase contracts (see note 8) 25,810 25,810
Trade creditors 139,547 124,629
Taxation and social security 16,376 19,973
Other creditors 6,494 9,592
198,877 189,894

WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 14,251 24,892
Hire purchase contracts (see note 8) 63,224 89,034
Other creditors 275 1,375
77,750 115,301

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 25,810 25,810
Between one and five years 63,224 89,034
89,034 114,844

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 7,669

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,901 34,782

Legal charge on Wrexham Golf Club property from 27 September 2011.

WREXHAM GOLF COMPANY LIMITED (REGISTERED NUMBER: 00123465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. Reserves
Income
and Junior Ladies Seniors
expenditure section section section
account reserves reserves reserves Totals
£    £    £    £    £   

At 1 January 2023 379,172 1,216 4,649 2,436 387,473
Deficit for the year (15,850 ) (15,850 )
(Deficit)/Surplus for the year (1,406 ) 2,230 (764 ) (58 ) 2
At 31 December 2023 361,916 3,446 3,885 2,378 371,625

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Timothy Howard Davies BA FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

12. Related party disclosures

There were no related party transactions during the period under review.

13. Non audit services

In common with many businesses of our size and nature, we use our auditors to prepare and submit returns to the tax authorities, process our payroll and assist in the preparation of the financial statements.