1 April 2023 false Taxfiler 2024.5 03919873business:PrivateLimitedCompanyLtd2023-04-012024-03-31 039198732023-03-31 039198732023-04-012024-03-31 03919873business:AuditExemptWithAccountantsReport2023-04-012024-03-31 03919873business:FilletedAccounts2023-04-012024-03-31 039198732024-03-31 03919873business:Director12023-04-012024-03-31 03919873business:Director22023-04-012024-03-31 03919873business:RegisteredOffice2023-04-012024-03-31 039198732023-03-31 03919873core:WithinOneYear2024-03-31 03919873core:WithinOneYear2023-03-31 03919873core:AfterOneYear2024-03-31 03919873core:AfterOneYear2023-03-31 03919873core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 03919873core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 03919873core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 03919873core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 03919873core:PreviouslyStatedAmount2024-03-31 03919873core:PreviouslyStatedAmount2023-03-31 03919873business:SmallEntities2023-04-012024-03-31 03919873countries:EnglandWales2023-04-012024-03-31 03919873core:LandBuildings2023-04-012024-03-31 03919873core:PlantMachinery2023-04-012024-03-31 03919873core:MotorVehicles2023-04-012024-03-31 03919873core:ComputerEquipment2023-04-012024-03-31 03919873core:LandBuildings2023-03-31 03919873core:PlantMachinery2023-03-31 03919873core:MotorVehicles2023-03-31 03919873core:ComputerEquipment2023-03-31 03919873core:LandBuildings2024-03-31 03919873core:PlantMachinery2024-03-31 03919873core:MotorVehicles2024-03-31 03919873core:ComputerEquipment2024-03-31 03919873core:RevaluationsIncreaseDecreaseInInvestments2024-03-31 03919873core:AfterOneYear2023-04-012024-03-31 039198732022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 03919873 (England and Wales)
Three Locks Golf Club Ltd Unaudited accounts for the year ended 31 March 2024
Three Locks Golf Club Ltd Unaudited accounts Contents
Page
- 2 -
Three Locks Golf Club Ltd Company Information for the year ended 31 March 2024
Directors
Patrice Critchley Peter Critchley
Company Number
03919873 (England and Wales)
Registered Office
Partridge Hill Great Brickhill Milton Keynes Buckinghamshire MK17 9BH United Kingdom
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
- 3 -
Three Locks Golf Club Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,512,995 
1,421,001 
Investments
40,300 
46,800 
1,553,295 
1,467,801 
Current assets
Inventories
4,000 
3,375 
Debtors
37,020 
141,895 
Cash at bank and in hand
38,071 
49,380 
79,091 
194,650 
Creditors: amounts falling due within one year
(242,344)
(217,515)
Net current liabilities
(163,253)
(22,865)
Total assets less current liabilities
1,390,042 
1,444,936 
Creditors: amounts falling due after more than one year
(241,325)
(280,195)
Provisions for liabilities
Deferred tax
(12,470)
(6,669)
Net assets
1,136,247 
1,158,072 
Capital and reserves
Called up share capital
45,246 
45,246 
Profit and loss account
1,091,001 
1,112,826 
Shareholders' funds
1,136,247 
1,158,072 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Peter Critchley Director Company Registration No. 03919873
- 4 -
Three Locks Golf Club Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Three Locks Golf Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 03919873. The registered office is Partridge Hill, Great Brickhill, Milton Keynes , Buckinghamshire , MK17 9BH, United Kingdom .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Three Locks Golf Club Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
1,498,652 
383,367 
698 
10,398 
1,893,115 
Additions
76,521 
57,499 
- 
13,793 
147,813 
At 31 March 2024
1,575,173 
440,866 
698 
24,191 
2,040,928 
Depreciation
At 1 April 2023
112,749 
351,094 
95 
8,176 
472,114 
Charge for the year
15,057 
36,251 
175 
4,336 
55,819 
At 31 March 2024
127,806 
387,345 
270 
12,512 
527,933 
Net book value
At 31 March 2024
1,447,367 
53,521 
428 
11,679 
1,512,995 
At 31 March 2023
1,385,903 
32,273 
603 
2,222 
1,421,001 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
46,800 
Fair value adjustments
(6,500)
Valuation at 31 March 2024
40,300 
The Investment has been revalued to a carrying value of £48,600 as at 31 March 2023. Had the Investment not been revalued, it would have been held at a historic cost of £450,000.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,230 
2,181 
Accrued income and prepayments
7,145 
7,269 
Other debtors
21,645 
132,445 
37,020 
141,895 
- 6 -
Three Locks Golf Club Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,756 
42,643 
Obligations under finance leases and hire purchase contracts
48,344 
14,264 
Trade creditors
30,670 
24,113 
Taxes and social security
23,685 
37,401 
Other creditors
12,369 
16,944 
Accruals
3,412 
3,412 
Deferred income
83,108 
78,738 
242,344 
217,515 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
241,325 
280,195 
Of the creditors falling due within and after more than one year the following amounts are secured. The bank loan is secured by -a legal change over assets of the company -an unlimited debenture from Three Locks Golf Club Ltd -personal guarantee by P E Critchley
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
- 7 -