Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 00251728 Mr David Stansfield Mrs Lisa Stanley Mr Stephen Tabner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00251728 2023-10-31 00251728 2024-10-31 00251728 2023-11-01 2024-10-31 00251728 frs-core:CurrentFinancialInstruments 2024-10-31 00251728 frs-core:Non-currentFinancialInstruments 2024-10-31 00251728 frs-core:FurnitureFittings 2024-10-31 00251728 frs-core:FurnitureFittings 2023-11-01 2024-10-31 00251728 frs-core:FurnitureFittings 2023-10-31 00251728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 00251728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 00251728 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 00251728 frs-core:PlantMachinery 2024-10-31 00251728 frs-core:PlantMachinery 2023-11-01 2024-10-31 00251728 frs-core:PlantMachinery 2023-10-31 00251728 frs-core:RevaluationReserve 2023-10-31 00251728 frs-core:RevaluationReserve 2024-10-31 00251728 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 00251728 frs-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 00251728 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 00251728 frs-bus:SmallEntities 2023-11-01 2024-10-31 00251728 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 00251728 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 00251728 frs-bus:Director1 2023-11-01 2024-10-31 00251728 frs-bus:Director2 2023-11-01 2024-10-31 00251728 frs-bus:Director3 2023-11-01 2024-10-31 00251728 frs-countries:EnglandWales 2023-11-01 2024-10-31 00251728 2022-10-31 00251728 2023-10-31 00251728 2022-11-01 2023-10-31 00251728 frs-core:CurrentFinancialInstruments 2023-10-31 00251728 frs-core:Non-currentFinancialInstruments 2023-10-31 00251728 frs-core:RevaluationReserve 2023-10-31 00251728 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 00251728
Lowes Park Golf Club Limited(The)
Unaudited Financial Statements
For The Year Ended 31 October 2024
Tandle Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00251728
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 503,433 464,764
503,433 464,764
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 2,069 390
Cash at bank and in hand 127,650 179,014
131,219 180,904
Creditors: Amounts Falling Due Within One Year 7 (86,595 ) (64,979 )
NET CURRENT ASSETS (LIABILITIES) 44,624 115,925
TOTAL ASSETS LESS CURRENT LIABILITIES 548,057 580,689
Creditors: Amounts Falling Due After More Than One Year 8 (71,898 ) (96,633 )
NET ASSETS 476,159 484,056
RESERVES
Revaluation reserve 9 113,661 113,661
Income and Expenditure Account 362,498 370,395
MEMBERS' FUNDS 476,159 484,056
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr David Stansfield
Director
21/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lowes Park Golf Club Limited(The) is a private company, limited by guarantee, incorporated in England & Wales, registered number 00251728 . The registered office is Club House Hill Top, Lowes Road, Bury, Greater Manchester, BL9 6SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% SL
Fixtures & Fittings 10% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 481,236 123,075 69,029 673,340
Additions 37,851 - 3,504 41,355
As at 31 October 2024 519,087 123,075 72,533 714,695
Depreciation
As at 1 November 2023 32,962 120,805 54,809 208,576
Provided during the period - 350 2,336 2,686
As at 31 October 2024 32,962 121,155 57,145 211,262
Net Book Value
As at 31 October 2024 486,125 1,920 15,388 503,433
As at 1 November 2023 448,274 2,270 14,220 464,764
5. Stocks
2024 2023
£ £
Stock 1,500 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,069 390
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,184 11,535
Bank loans and overdrafts 22,014 13,091
Other creditors 52,310 38,573
Taxation and social security 1,087 1,780
86,595 64,979
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 71,898 96,633
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 November 2023 113,661
As at 31 October 2024 113,661
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5