52
false
false
false
false
false
false
false
false
false
false
true
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false
false
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false
false
No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
1,769,110
61,971
1,831,081
1,565,999
86,556
1,652,555
178,526
203,111
xbrli:pure
xbrli:shares
iso4217:GBP
03165747
2023-01-01
2023-12-31
03165747
2023-12-31
03165747
2022-12-31
03165747
2022-01-01
2022-12-31
03165747
2022-12-31
03165747
2021-12-31
03165747
bus:OrdinaryShareClass1
2023-01-01
2023-12-31
03165747
bus:OrdinaryShareClass2
2023-01-01
2023-12-31
03165747
bus:OrdinaryShareClass3
2023-01-01
2023-12-31
03165747
bus:OrdinaryShareClass4
2023-01-01
2023-12-31
03165747
bus:Director2
2023-01-01
2023-12-31
03165747
bus:Director3
2023-01-01
2023-12-31
03165747
core:PlantMachinery
2022-12-31
03165747
core:PlantMachinery
2023-12-31
03165747
core:PlantMachinery
2023-01-01
2023-12-31
03165747
core:WithinOneYear
2023-12-31
03165747
core:WithinOneYear
2022-12-31
03165747
core:AfterOneYear
2023-12-31
03165747
core:AfterOneYear
2022-12-31
03165747
core:ShareCapital
2023-12-31
03165747
core:ShareCapital
2022-12-31
03165747
core:RetainedEarningsAccumulatedLosses
2023-12-31
03165747
core:RetainedEarningsAccumulatedLosses
2022-12-31
03165747
core:BetweenOneFiveYears
2023-12-31
03165747
core:BetweenOneFiveYears
2022-12-31
03165747
core:MoreThanFiveYears
2023-12-31
03165747
core:MoreThanFiveYears
2022-12-31
03165747
core:PlantMachinery
2022-12-31
03165747
bus:SmallEntities
2023-01-01
2023-12-31
03165747
bus:AuditExemptWithAccountantsReport
2023-01-01
2023-12-31
03165747
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
03165747
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
03165747
bus:FullAccounts
2023-01-01
2023-12-31
03165747
bus:OrdinaryShareClass1
2023-12-31
03165747
bus:OrdinaryShareClass1
2022-12-31
03165747
bus:OrdinaryShareClass2
2023-12-31
03165747
bus:OrdinaryShareClass2
2022-12-31
03165747
bus:OrdinaryShareClass3
2023-12-31
03165747
bus:OrdinaryShareClass3
2022-12-31
03165747
bus:OrdinaryShareClass4
2023-12-31
03165747
bus:OrdinaryShareClass4
2022-12-31
03165747
bus:AllOrdinaryShares
2023-12-31
03165747
bus:AllOrdinaryShares
2022-12-31
COMPANY REGISTRATION NUMBER:
03165747
The Kendleshire Golf Club Limited |
|
Filleted Unaudited Financial Statements |
|
The Kendleshire Golf Club Limited |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
178,526 |
203,111 |
|
|
|
|
Current assets
Stocks |
33,263 |
29,345 |
Debtors |
6 |
3,184,417 |
3,068,832 |
Cash at bank and in hand |
409,724 |
309,801 |
|
------------ |
------------ |
|
3,627,404 |
3,407,978 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
652,190 |
587,060 |
|
------------ |
------------ |
Net current assets |
2,975,214 |
2,820,918 |
|
------------ |
------------ |
Total assets less current liabilities |
3,153,740 |
3,024,029 |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
24,978 |
55,333 |
|
|
|
|
Provisions
Taxation including deferred tax |
43,029 |
– |
|
------------ |
------------ |
Net assets |
3,085,733 |
2,968,696 |
|
------------ |
------------ |
|
|
|
Capital and reserves
Called up share capital |
9 |
450,000 |
450,000 |
Profit and loss account |
2,635,733 |
2,518,696 |
|
------------ |
------------ |
Shareholder funds |
3,085,733 |
2,968,696 |
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
The Kendleshire Golf Club Limited |
|
Balance Sheet (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
23 September 2024
, and are signed on behalf of the board by:
P Murphy |
M Manning |
Director |
Director |
|
|
Company registration number:
03165747
The Kendleshire Golf Club Limited |
|
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Henfield Road, Coalpit Heath, Bristol, BS36 2TG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In the directors' opinion the company is a going concern and these financial statements have been prepared on that basis. The directors confirm that they have considered a period of at least 12 months from the date of signing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
52
(2022:
46
).
5.
Tangible assets
|
Plant and machinery |
Total |
|
£ |
£ |
Cost |
|
|
At 1 January 2023 |
1,769,110 |
1,769,110 |
Additions |
61,971 |
61,971 |
|
------------ |
------------ |
At 31 December 2023 |
1,831,081 |
1,831,081 |
|
------------ |
------------ |
Depreciation |
|
|
At 1 January 2023 |
1,565,999 |
1,565,999 |
Charge for the year |
86,556 |
86,556 |
|
------------ |
------------ |
At 31 December 2023 |
1,652,555 |
1,652,555 |
|
------------ |
------------ |
Carrying amount |
|
|
At 31 December 2023 |
178,526 |
178,526 |
|
------------ |
------------ |
At 31 December 2022 |
203,111 |
203,111 |
|
------------ |
------------ |
|
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
23,216 |
35,273 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
2,866,864 |
2,857,436 |
Other debtors |
294,337 |
176,123 |
|
------------ |
------------ |
|
3,184,417 |
3,068,832 |
|
------------ |
------------ |
|
|
|
There are no terms of repayment with regards the balance due from the parent company Oliver Gillard (Southmead) Limited of £2,866,864 (2021: £2,857,436). The loan could only realistically be repaid if the parent company was liquidated. Within the parent company's accounts are creditors due within one year of £7 million. This figure includes the intercompany balance with Kendleshire Golf Club Ltd and a director's loan of £3 million. The parent company has a shareholder deficit in excess of £2 million.
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
– |
36 |
Trade creditors |
199,218 |
156,960 |
Corporation tax |
59,399 |
47,741 |
Social security and other taxes |
52,011 |
59,216 |
Other creditors |
341,562 |
323,107 |
|
--------- |
--------- |
|
652,190 |
587,060 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
24,978 |
55,333 |
|
-------- |
-------- |
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary "A" shares of £ 1 each |
125,000 |
125,000 |
125,000 |
125,000 |
Ordinary "B" shares of £ 1 each |
95,000 |
95,000 |
95,000 |
95,000 |
Ordinary "C" shares of £ 1 each |
105,000 |
105,000 |
105,000 |
105,000 |
Ordinary "D" shares of £ 1 each |
125,000 |
125,000 |
125,000 |
125,000 |
|
--------- |
--------- |
--------- |
--------- |
|
450,000 |
450,000 |
450,000 |
450,000 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
10.
Commitments under operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2023 |
2022 |
|
£ |
£ |
Not later than 1 year |
100,000 |
100,000 |
Later than 1 year and not later than 5 years |
400,000 |
400,000 |
Later than 5 years |
1,866,667 |
1,966,667 |
|
------------ |
------------ |
|
2,366,667 |
2,466,667 |
|
------------ |
------------ |
|
|
|
11.
Controlling party
The immediate parent company is Oliver Gillard (Southmead) Limited, a company registered in England and Wales. The ultimate parent company is Mismo Connections Limited, a Guernsey registered company.