SOUTHPORT GOLF COMPLEX LIMITED

Company Registration Number:
02146518 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SOUTHPORT GOLF COMPLEX LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SOUTHPORT GOLF COMPLEX LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 25,700,338 24,354,938
Investments: 4 0 990,338
Total fixed assets: 25,700,338 25,345,276
Current assets
Debtors:     15,906
Cash at bank and in hand: 755,878 604,975
Total current assets: 755,878 620,881
Creditors: amounts falling due within one year: 5 (578,972) (312,293)
Net current assets (liabilities): 176,906 308,588
Total assets less current liabilities: 25,877,244 25,653,864
Creditors: amounts falling due after more than one year: 6 (6,485,848) (7,010,803)
Total net assets (liabilities): 19,391,396 18,643,061
Capital and reserves
Called up share capital: 1,320 1,320
Share premium account: 1,891,790 1,891,790
Revaluation reserve:711,938,19011,488,190
Profit and loss account: 5,560,096 5,261,761
Shareholders funds: 19,391,396 18,643,061

The notes form part of these financial statements

SOUTHPORT GOLF COMPLEX LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: Keith Wainman
Status: Director

The notes form part of these financial statements

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 7 5

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 24,937,379
Additions 990,338
Revaluations 360,000
At 31 March 2024 26,287,717
Depreciation
At 01 April 2023 582,441
Charge for year 4,938
At 31 March 2024 587,379
Net book value
At 31 March 2024 25,700,338
At 31 March 2023 24,354,938

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Fixed investments no longer recorded separately and now forms part of asset value.

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Bank Loan = £268,620 Trade Creditors = £183,800 Taxes

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank Loan = £5,660,000 DLA = £825,848

SOUTHPORT GOLF COMPLEX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Revaluation reserve

2024
£
Balance at 01 April 2023 11,488,190
Surplus or deficit after revaluation 450,000
Balance at 31 March 2024 11,938,190