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REGISTERED NUMBER: 03068001 (England and Wales)










Fairbourne Golf Club Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Fairbourne Golf Club Limited (Registered number: 03068001)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Fairbourne Golf Club Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: Mr S C Eves
Mr D L Mantle
Mr P A E Roberts





REGISTERED OFFICE: Ynys Faig Farm
Fairbourne
Gwynedd
LL38 2HQ





REGISTERED NUMBER: 03068001 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Fairbourne Golf Club Limited (Registered number: 03068001)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,261 84,075

CURRENT ASSETS
Debtors 5 562 225
Cash at bank 20,880 19,332
21,442 19,557
CREDITORS
Amounts falling due within one year 6 8,568 11,271
NET CURRENT ASSETS 12,874 8,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,135

92,361

CREDITORS
Amounts falling due after more than one
year

7

(10,317

)

(12,693

)

PROVISIONS FOR LIABILITIES (620 ) -
NET ASSETS 85,198 79,668

RESERVES
Revaluation reserve 8 13,595 13,595
Non-distributable reserve 25,000 25,000
Retained earnings 46,603 41,073
85,198 79,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 20 August 2024 and were signed on its behalf by:





Mr S C Eves - Director


Fairbourne Golf Club Limited (Registered number: 03068001)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Fairbourne Golf Club Limited is a private company, limited by shares , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 118,086
DEPRECIATION
At 1 February 2023 34,011
Charge for year 814
At 31 January 2024 34,825
NET BOOK VALUE
At 31 January 2024 83,261
At 31 January 2023 84,075

Fairbourne Golf Club Limited (Registered number: 03068001)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 562 225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,801 1,801
Trade creditors 1,021 1,021
Taxation and social security 1,634 3,329
Other creditors 4,112 5,120
8,568 11,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,317 12,693

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,317 12,693

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 13,595

Fairbourne Golf Club Limited

Report of the Accountants to the Directors of
Fairbourne Golf Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


20 August 2024