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REGISTERED NUMBER: 03152827 (England and Wales)















THE WISHAW GOLF CLUB LIMITED

Unaudited Financial Statements

for the Year Ended 29 February 2024






THE WISHAW GOLF CLUB LIMITED (REGISTERED NUMBER: 03152827)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE WISHAW GOLF CLUB LIMITED

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs M A Bevan
Mrs H L Bevan





SECRETARY: Mrs M A Bevan





REGISTERED OFFICE: Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 03152827 (England and Wales)






THE WISHAW GOLF CLUB LIMITED (REGISTERED NUMBER: 03152827)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,784 543,376

CURRENT ASSETS
Debtors 5 834 8,219
Cash at bank 24 24
858 8,243
CREDITORS
Amounts falling due within one year 6 421,338 431,896
NET CURRENT LIABILITIES (420,480 ) (423,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(189,696

)

119,723

PROVISIONS FOR LIABILITIES 43,533 43,966
NET (LIABILITIES)/ASSETS (233,229 ) 75,757

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings (237,229 ) 71,757
SHAREHOLDERS' FUNDS (233,229 ) 75,757

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Mrs M A Bevan - Director


THE WISHAW GOLF CLUB LIMITED (REGISTERED NUMBER: 03152827)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

The Wishaw 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.

As at the balance sheet date the company has net current liabilities. However, included in creditors are a loan from a Director/shareholder who has pledged that repayment will not be requested until the company is in a stable enough financial position and also that there is no intention to seek repayment of the loan within twelve months from the date of approval of the accounts.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Course improvements - 10% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 makes contributions to employees pensions at the prescribed rates and such contributions are charged to the profit and loss account in the year in which they are payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 11 ).

THE WISHAW GOLF CLUB LIMITED (REGISTERED NUMBER: 03152827)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 1,537,617
Impairments (728,353 )
At 29 February 2024 809,264
DEPRECIATION
At 1 March 2023 994,241
Charge for year 14,514
Impairments (430,275 )
At 29 February 2024 578,480
NET BOOK VALUE
At 29 February 2024 230,784
At 28 February 2023 543,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 834 834
Other debtors - 7,385
834 8,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 4,454 42,045
Trade creditors 1,723 8,203
Taxation and social security 13,680 741
Other creditors 401,481 380,907
421,338 431,896

Included in creditors is a director's loan account which is not subject to any formal loan arrangement and is therefore deemed to be repayable on demand and accounted for as a current liability. There is no set date for repayment and no interest is charged on the loan.

7. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank overdrafts 4,454 42,045

The bank overdraft is secured by a fixed charge over all book and other debts of The Wishaw Golf Club Limited and guarantees provided by the directors.