REGISTERED NUMBER: |
WREXHAM GOLF COMPANY LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
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 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net assets |
Reserves |
Junior section reserves | 10 |
Ladies section reserves | 10 |
Seniors section reserves | 10 |
Income and expenditure account | 10 |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Golf Course | - |
Land | - |
Clubhouse locker rooms and fittings | - |
Clubhouse furniture, plant and equipment | - |
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 |
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 |
Additions |
At 31 December 2023 |
Depreciation |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
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 |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
Hire purchase contracts (see note 8) |
Other creditors |
8. | Leasing agreements |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2023 | 2022 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
2023 | 2022 |
£ | £ |
Within one year |
9. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
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 | 387,473 |
Deficit for the year | ( |
) | ( |
) |
(Deficit)/Surplus for the year | (1,406 | ) | 2,230 | (764 | ) | (58 | ) | 2 |
At 31 December 2023 | 371,625 |
11. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
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. |