REGISTERED NUMBER: |
Whitwood Golf Club Ltd |
Trading as |
Groundwork Golf |
Report of the Directors and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Whitwood Golf Club Ltd |
Trading as |
Groundwork Golf |
Report of the Directors and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Contents of the Financial Statements |
For The Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
Whitwood Golf Club Ltd |
Trading as Groundwork Golf |
Company Information |
For The Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sidings Court |
Lakeside |
Doncaster |
South Yorkshire |
DN4 5NU |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Report of the Directors |
For The Year Ended 31 March 2024 |
The directors present their report with the financial statements of the company for the year ended 31 March 2024. |
REVIEW OF BUSINESS |
RESULT FOR THE YEAR |
A loss of £9,317 prior to gift aid donation (2023: profit of £19,157) was made on turnover of £856,374 (2023: £857,723). |
REVIEW OF BUSINESS |
During the period of this report, Whitwood Golf Club Limited was a trading subsidiary owned by Groundwork Yorkshire, a charitable company whose objects are environmental, community and employment improvements in Yorkshire & the Humber. Whitwood Golf Club manages two golf courses - Springhead in Hull and Whitwood in Wakefield. |
Whilst Whitwood Golf Club is not directly involved in the provision of charitable services, it works closely with the Trust and its contribution to the success of the Trust is more than simply the gift aiding of annual surplus. By delivering quality community services, Whitwood Golf Club actively promotes the aims of the Trust and the national Groundwork network, often in areas where the Groundwork message has not previously been heard. Both sites are also developing projects that have charitable aims - such as using the facilities for health and wellbeing related activities with young and older people. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Income Statement |
For The Year Ended 31 March 2024 |
2024 | 2023 |
£ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(30,265 | ) | 896 |
Other operating income |
OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT BEFORE TAXATION | ( |
) |
Tax on (loss)/profit |
(LOSS)/PROFIT FOR THE FINANCIAL YEAR | ( |
) |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Notes to the Financial Statements |
For The Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Whitwood Golf Club Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These accounts have been prepared on the going concern basis on the assumption that the parent company, Groundwork Yorkshire Limited, will continue to support its operations. Groundwork Yorkshire Limited has incurred group deficits on unrestricted funds. Details of Groundwork Yorkshire Limited's plans to address the deficit of funds can be found in note 1 of its accounts. These plans have included a merger with Groundwork North Yorkshire and The Leeds Groundwork Trust and the acquisition of part of the business of Groundwork South Yorkshire. This merger will continue to improve efficiency so enhance the ability of the group to support its subsidiaries. |
Based on the above considerations the Board considers it remains appropriate to prepare the accounts on a going concern basis. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover from bar sales and green fees is recognised at the point of sale. Membership fees are recognised on a straight line basis over the subscription period. |
Tangible fixed assets |
Course and facilities | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Government grants |
The company has adopted the performance model. |
Government capital grants towards the cost of developing the course and facilities are recognised in other income to match the depreciation charge on those assets. Unrecognised amounts are included in deferred income. |
Government revenue grants towards current expenditure are recognised in the period the expenditure is incurred. |
Whitwood Golf Club Ltd (Registered number: 08114265) |
Trading as Groundwork Golf |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Course | Fixtures |
and | and | Motor | Computer |
facilities | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Deferred income |
Accrued expenses |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is the company's parent company, Groundwork Yorkshire Limited. |
Its registered office is Environment & Business Centre, Merlyn-Rees Avenue, Morley, Leeds, LS27 9SL. |
Group accounts are available from Companies House. |