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REGISTERED NUMBER: 11222580 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Notts & Derbys Golf and Leisure Limited

Notts & Derbys Golf and Leisure Limited (Registered number: 11222580)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Notts & Derbys Golf and Leisure Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W W Laughton
S L Laughton





REGISTERED OFFICE: North Laithes Farm
Wellow Road
Eakring
Newark
Nottinghamshire
NG22 0AN





REGISTERED NUMBER: 11222580 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Notts & Derbys Golf and Leisure Limited (Registered number: 11222580)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 774,065 766,141

CURRENT ASSETS
Stocks 88,084 47,261
Debtors 5 524,760 483,674
Cash at bank and in hand 683,383 586,958
1,296,227 1,117,893
CREDITORS
Amounts falling due within one year 6 927,026 887,687
NET CURRENT ASSETS 369,201 230,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,266

996,347

CREDITORS
Amounts falling due after more than one
year

7

(15,545

)

(34,468

)

PROVISIONS FOR LIABILITIES (39,059 ) (36,658 )
NET ASSETS 1,088,662 925,221

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 1,078,662 915,221
SHAREHOLDERS' FUNDS 1,088,662 925,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 November 2024 and were signed on its behalf by:





W W Laughton - Director


Notts & Derbys Golf and Leisure Limited (Registered number: 11222580)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Notts & Derbys Golf and Leisure 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.

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.
Land and Buildings - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Notts & Derbys Golf and Leisure Limited (Registered number: 11222580)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2023 619,508 181,228 38,709
Additions - 25,691 11,200
Disposals - (2,000 ) -
At 31 March 2024 619,508 204,919 49,909
DEPRECIATION
At 1 April 2023 - 69,998 8,618
Charge for year - 25,508 6,194
Eliminated on disposal - (1,338 ) -
At 31 March 2024 - 94,168 14,812
NET BOOK VALUE
At 31 March 2024 619,508 110,751 35,097
At 31 March 2023 619,508 111,230 30,091

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 12,000 2,981 854,426
Additions - 5,568 42,459
Disposals - - (2,000 )
At 31 March 2024 12,000 8,549 894,885
DEPRECIATION
At 1 April 2023 8,692 977 88,285
Charge for year 827 1,344 33,873
Eliminated on disposal - - (1,338 )
At 31 March 2024 9,519 2,321 120,820
NET BOOK VALUE
At 31 March 2024 2,481 6,228 774,065
At 31 March 2023 3,308 2,004 766,141

Notts & Derbys Golf and Leisure Limited (Registered number: 11222580)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 499,337 465,497
Other debtors 25,423 18,177
524,760 483,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,923 22,139
Trade creditors 116,174 111,479
Taxation and social security 61,831 30,822
Other creditors 730,098 723,247
927,026 887,687

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,545 34,468

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RELATED PARTY DISCLOSURES

The majority shareholders W W Laughton and S L Laughton are also majority shareholders of Laughton Farming. At the year end Laughton Farming owed Notts & Derby Golf and Leisure Limited £491,382 (2023 - £457,608) net of vat.