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REGISTERED NUMBER: 03543616 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Adlington Golf Centre Limited

Adlington Golf Centre Limited (Registered number: 03543616)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Adlington Golf Centre Limited (Registered number: 03543616)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,441,647 3,131,221
4,441,647 3,131,221

CURRENT ASSETS
Stocks 6,385 4,573
Debtors 6 60,188 15,234
Cash at bank and in hand 20,155 273,410
86,728 293,217
CREDITORS
Amounts falling due within one year 7 503,564 397,027
NET CURRENT LIABILITIES (416,836 ) (103,810 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,024,811 3,027,411

CREDITORS
Amounts falling due after more than one year 8 (1,807,106 ) (1,017,952 )

PROVISIONS FOR LIABILITIES (434,714 ) (215,412 )
NET ASSETS 1,782,991 1,794,047

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 165,860 153,101
Capital redemption reserve 1 1
Retained earnings 1,617,030 1,640,845
SHAREHOLDERS' FUNDS 1,782,991 1,794,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Adlington Golf Centre Limited (Registered number: 03543616)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mr J E Moss - Director


Adlington Golf Centre Limited (Registered number: 03543616)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Adlington Golf Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03543616

Registered office: Sandy Hey Farm
Adlington
Macclesfield
Cheshire
SK10 4NG

The presentation currency of the financial statements is the Pound Sterling (£).


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 modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.


Adlington Golf Centre Limited (Registered number: 03543616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 19 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 63,000
Disposals (63,000 )
At 30 April 2024 -
AMORTISATION
At 1 May 2023 63,000
Eliminated on disposal (63,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Adlington Golf Centre Limited (Registered number: 03543616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 May 2023 2,445,000 - 1,279,804
Additions 20,732 1,222,503 21,527
Disposals - - -
At 30 April 2024 2,465,732 1,222,503 1,301,331
DEPRECIATION
At 1 May 2023 - - 627,146
Charge for year - 7,807 99,267
Eliminated on disposal - - -
At 30 April 2024 - 7,807 726,413
NET BOOK VALUE
At 30 April 2024 2,465,732 1,214,696 574,918
At 30 April 2023 2,445,000 - 652,658

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 40,536 6,808 52,708 3,824,856
Additions 44,621 125,456 12,912 1,447,751
Disposals - (6,808 ) (20,986 ) (27,794 )
At 30 April 2024 85,157 125,456 44,634 5,244,813
DEPRECIATION
At 1 May 2023 18,873 43 47,573 693,635
Charge for year 6,155 13,327 4,044 130,600
Eliminated on disposal - (169 ) (20,900 ) (21,069 )
At 30 April 2024 25,028 13,201 30,717 803,166
NET BOOK VALUE
At 30 April 2024 60,129 112,255 13,917 4,441,647
At 30 April 2023 21,663 6,765 5,135 3,131,221

Cost or valuation at 30 April 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2023 415,740 - -
Cost 2,049,992 1,222,503 1,301,331
2,465,732 1,222,503 1,301,331

Adlington Golf Centre Limited (Registered number: 03543616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2023 - - - 415,740
Cost 85,157 125,456 44,634 4,829,073
85,157 125,456 44,634 5,244,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 May 2023 459,139
Transfer to ownership (47,499 )
At 30 April 2024 411,640
DEPRECIATION
At 1 May 2023 158,558
Charge for year 45,088
Transfer to ownership (28,268 )
At 30 April 2024 175,378
NET BOOK VALUE
At 30 April 2024 236,262
At 30 April 2023 300,581

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 7,890
Other debtors 60,188 7,344
60,188 15,234

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,361 39,271
Hire purchase contracts 78,849 113,922
Trade creditors 221,192 76,461
Taxation and social security 4,661 52,357
Other creditors 146,501 115,016
503,564 397,027

Adlington Golf Centre Limited (Registered number: 03543616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,622,336 746,140
Hire purchase contracts 64,877 116,880
Other creditors 119,893 154,932
1,807,106 1,017,952

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,674,697 785,411
Hire purchase contracts 143,726 230,802
1,818,423 1,016,213

The bank loan and any bank overdraft are secured by fixed and floating charge over all the property or undertaking of the company.

Hire purchase creditors are secured on the related fixed assets.