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REGISTERED NUMBER: 05257469 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

WEALD GOLF COURSE LTD

WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WEALD GOLF COURSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr P M Street





REGISTERED OFFICE: Weald of Kent Golf Course
Maidstone Road
Headcorn
Ashford
Kent
TN27 9PT





REGISTERED NUMBER: 05257469 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 351,084 369,608

CURRENT ASSETS
Inventories 51,382 56,850
Debtors 5 601,822 587,738
Cash at bank 4,144 62,060
657,348 706,648
CREDITORS
Amounts falling due within one year 6 598,814 582,283
NET CURRENT ASSETS 58,534 124,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,618

493,973

CREDITORS
Amounts falling due after more than one
year

7

(70,617

)

(129,913

)

PROVISIONS FOR LIABILITIES (66,706 ) (70,225 )
NET ASSETS 272,295 293,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,195 293,735
SHAREHOLDERS' FUNDS 272,295 293,835

WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 December 2024 and were signed by:





Mr P M Street - Director


WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Weald Golf Course Ltd 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.

Revenue
Revenue represents the total amount, excluding value added tax, of sales earned during the year.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Inventories
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2023 - 85 ) .

WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 916,131
Additions 60,415
Disposals (6,050 )
At 31 October 2024 970,496
DEPRECIATION
At 1 November 2023 546,524
Charge for year 72,888
At 31 October 2024 619,412
NET BOOK VALUE
At 31 October 2024 351,084
At 31 October 2023 369,607

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 131,811
Additions 51,078
Transfer to ownership (39,200 )
At 31 October 2024 143,689
DEPRECIATION
At 1 November 2023 40,773
Charge for year 21,289
Transfer to ownership (29,400 )
At 31 October 2024 32,662
NET BOOK VALUE
At 31 October 2024 111,027
At 31 October 2023 91,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 18,416 21,968
Other debtors 6 370
Related company loans 583,400 565,400
601,822 587,738

WEALD GOLF COURSE LTD (REGISTERED NUMBER: 05257469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 63,702 84,000
Hire purchase contracts 31,754 25,523
Payments received on account 247,768 181,373
Trade creditors 109,064 148,934
Taxation and social security 141,431 139,037
Other creditors 5,095 3,416
598,814 582,283

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 3,599 71,716
Hire purchase contracts 67,018 58,197
70,617 129,913

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P M Street.