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REGISTERED NUMBER: SC224488 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Woll Golf Course Limited

Woll Golf Course Limited (Registered number: SC224488)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woll Golf Course Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N C P Brown
D I C Brown
Mrs D M Brown





SECRETARY: D I C Brown





REGISTERED OFFICE:
The Tower
New Woll Estate
Ashkirk
Selkirkshire
TD7 4PE





REGISTERED NUMBER: SC224488 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Woll Golf Course Limited (Registered number: SC224488)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,470,148 1,490,037

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 218,632 263,040
Cash at bank 34,517 56,151
260,649 326,691
CREDITORS
Amounts falling due within one year 6 214,457 300,790
NET CURRENT ASSETS 46,192 25,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,516,340

1,515,938

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (12,000 ) (16,500 )
NET ASSETS 1,491,840 1,476,938

CAPITAL AND RESERVES
Called up share capital 1,937,003 1,937,003
Retained earnings (445,163 ) (460,065 )
1,491,840 1,476,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Woll Golf Course Limited (Registered number: SC224488)

Balance Sheet - continued
29 February 2024


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 4 October 2024 and were signed on its behalf by:





D I C Brown - Director


Woll Golf Course Limited (Registered number: SC224488)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Woll Golf Course Limited is a private company, limited by shares , registered in Scotland. 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.
Freehold property - not provided
Plant and machinery - Straight line over 5 years
Computer equipment - 20% 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.

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 22 (2023 - 21 ) .

Woll Golf Course Limited (Registered number: SC224488)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,412,995 366,620 1,154 1,780,769
Disposals - (183,556 ) - (183,556 )
At 29 February 2024 1,412,995 183,064 1,154 1,597,213
DEPRECIATION
At 1 March 2023 - 290,570 162 290,732
Charge for year - 19,691 198 19,889
Eliminated on disposal - (183,556 ) - (183,556 )
At 29 February 2024 - 126,705 360 127,065
NET BOOK VALUE
At 29 February 2024 1,412,995 56,359 794 1,470,148
At 28 February 2023 1,412,995 76,050 992 1,490,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 360 2,040
Amounts owed by group undertakings 218,272 261,000
218,632 263,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,437 19,814
Taxation and social security 65,559 40,783
Other creditors 120,461 230,193
214,457 300,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 12,500 22,500