Registered Number 03883455

AYLESBURY PARK GOLF CLUB LIMITED

Micro-entity Accounts

31 December 2024

AYLESBURY PARK GOLF CLUB LIMITED Registered Number 03883455

Micro-entity Balance Sheet as at 31 December 2024

Notes 31/12/2024 31/03/2024
£ £
Current Assets
19,654
111,911
Prepayments and accrued income
259,596
225,846
Creditors: amounts falling due within one year
(7,725)
(18,800)
Net current assets (liabilities)
271,525
318,957
Total assets less current liabilities
271,525
318,957
Accruals and deferred income
(220,913)
(187,163)
Total net assets (liabilities)
50,612
131,794
Capital and reserves
50,612
131,794
  • For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 January 2025

And signed on their behalf by:
Geoffrey Legouix, Director

AYLESBURY PARK GOLF CLUB LIMITED Registered Number 03883455

Notes to the Micro-entity Accounts for the period ended 31 December 2024

1Employees
31/12/2024 31/03/2024
Average number of employees during the period 1 1
2Off balance sheet arrangements
The Directors understand that the Club is entitled to a payment of £100,000 under the Planning and Compulsory Purchase Act 2004. Under micro entity accounting standards, this asset is not recognised until received; such claim would,in the Director's opinion and making allowance for the costs of its claim, increase the net assets of the business by £60,000. This is in addition to the other matters noted below.
The Club was in early 2019, dispossessed of occupancy of its land, by Sch 18 notice by HS2, and it suspended its golf club operations on 25 March 2019, entering Administration the same day in order to better manage that process. It exited Administration solvently on 15 April 2020, following receipt from HS2 of a payment on account of £1.5 million, relating to its past claims for disturbance and the costs of the Club's suspension of its operations. Those funds have been subsequently used to discharge all of the Club's liabilities, meet professional costs and ensured that it is able to continue to manage its affairs.
However, no payment has yet been received from HS2 relating to the Club's goodwill (if HS2 proceeds to acquire it), or for its ongoing lease obligations from 25 March 2019, nor for the costs of its relocation and re-establishment. The Directors estimate that the Club's total claim upon relocation and re-establishment for the prior disturbance and the costs of the Club's of its operations as of 25 March 2019, and for the loss of profits and rent payable since that date amounts to in excess of £5 million.
For accounts to FRS 102 standard, the Directors would recognise its claim against HS2 for losses, costs, relocation,re-establishment and loss of profit , recognising further assets of £3.5 million and liabilities of some £2.5 million, and net assets of £1.85 million more.