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REGISTERED NUMBER: 11697910 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cuckfield Golf Centre Limited

Cuckfield Golf Centre Limited (Registered number: 11697910)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cuckfield Golf Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P V Smyth
H Smyth
N J Smyth





REGISTERED OFFICE: Suite 6 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY





REGISTERED NUMBER: 11697910 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Cuckfield Golf Centre Limited (Registered number: 11697910)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 50,000
Tangible assets 5 1,904,012 1,901,833
1,944,012 1,951,833

CURRENT ASSETS
Stocks 22,745 24,045
Debtors 6 19,844 11,792
Cash at bank 28,297 5,662
70,886 41,499
CREDITORS
Amounts falling due within one year 7 293,987 273,047
NET CURRENT LIABILITIES (223,101 ) (231,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,720,911

1,720,285

CREDITORS
Amounts falling due after more than one
year

8

(1,628,117

)

(1,598,590

)

PROVISIONS FOR LIABILITIES (1,462 ) (7,242 )
NET ASSETS 91,332 114,453

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 90,332 113,453
SHAREHOLDERS' FUNDS 91,332 114,453

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.

Cuckfield Golf Centre Limited (Registered number: 11697910)

Balance Sheet - continued
31 March 2024


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 3 July 2024 and were signed on its behalf by:





N J Smyth - Director


Cuckfield Golf Centre Limited (Registered number: 11697910)

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

1. STATUTORY INFORMATION

Cuckfield Golf Centre 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Golf equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% 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.

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.

Cuckfield Golf Centre Limited (Registered number: 11697910)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 50,000
Charge for year 10,000
At 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 40,000
At 31 March 2023 50,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Golf
property property equipment
£    £    £   
COST
At 1 April 2023 1,010,181 764,708 8,855
Additions - - -
At 31 March 2024 1,010,181 764,708 8,855
DEPRECIATION
At 1 April 2023 - - 5,538
Charge for year - - 663
At 31 March 2024 - - 6,201
NET BOOK VALUE
At 31 March 2024 1,010,181 764,708 2,654
At 31 March 2023 1,010,181 764,708 3,317

Cuckfield Golf Centre Limited (Registered number: 11697910)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 152,043 9,934 1,945,721
Additions 25,797 - 25,797
At 31 March 2024 177,840 9,934 1,971,518
DEPRECIATION
At 1 April 2023 33,836 4,514 43,888
Charge for year 21,600 1,355 23,618
At 31 March 2024 55,436 5,869 67,506
NET BOOK VALUE
At 31 March 2024 122,404 4,065 1,904,012
At 31 March 2023 118,207 5,420 1,901,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 16,754 5,097
Other debtors 3,090 987
Prepayments - 5,708
19,844 11,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,979 10,979
Trade creditors 82,178 96,933
Social security and other taxes 53,085 46,869
VAT 111,848 77,895
Other creditors 21,199 20,873
Deferred income 14,698 19,498
293,987 273,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 8,121 18,798
Amounts owed to associates 585,043 565,043
Directors' loan accounts 1,034,953 1,014,749
1,628,117 1,598,590

Cuckfield Golf Centre Limited (Registered number: 11697910)

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

9. RELATED PARTY DISCLOSURES

As at 31st March 2024 the company owed KPS Business Park Limited £ 585,043 (2023 £ 565,043).

Mr P Smyth and Mrs H Smyth have complete ownership of KPS Business Park Limited and Cuckfield Golf Centre Limited.