Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30golf course302023-10-01false32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02898395 2023-10-01 2024-09-30 02898395 2022-10-01 2023-09-30 02898395 2024-09-30 02898395 2023-09-30 02898395 2022-10-01 02898395 c:Director1 2023-10-01 2024-09-30 02898395 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 02898395 d:Buildings d:ShortLeaseholdAssets 2024-09-30 02898395 d:Buildings d:ShortLeaseholdAssets 2023-09-30 02898395 d:FurnitureFittings 2023-10-01 2024-09-30 02898395 d:FurnitureFittings 2024-09-30 02898395 d:FurnitureFittings 2023-09-30 02898395 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02898395 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02898395 d:CurrentFinancialInstruments 2024-09-30 02898395 d:CurrentFinancialInstruments 2023-09-30 02898395 d:Non-currentFinancialInstruments 2024-09-30 02898395 d:Non-currentFinancialInstruments 2023-09-30 02898395 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02898395 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02898395 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 02898395 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 02898395 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 02898395 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 02898395 d:ShareCapital 2024-09-30 02898395 d:ShareCapital 2023-09-30 02898395 d:OtherMiscellaneousReserve 2024-09-30 02898395 d:OtherMiscellaneousReserve 2023-09-30 02898395 d:RetainedEarningsAccumulatedLosses 2024-09-30 02898395 d:RetainedEarningsAccumulatedLosses 2023-09-30 02898395 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02898395 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02898395 c:OrdinaryShareClass1 2023-10-01 2024-09-30 02898395 c:OrdinaryShareClass1 2024-09-30 02898395 c:OrdinaryShareClass1 2023-09-30 02898395 c:OrdinaryShareClass2 2023-10-01 2024-09-30 02898395 c:OrdinaryShareClass2 2024-09-30 02898395 c:OrdinaryShareClass2 2023-09-30 02898395 c:FRS102 2023-10-01 2024-09-30 02898395 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02898395 c:FullAccounts 2023-10-01 2024-09-30 02898395 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02898395 2 2023-10-01 2024-09-30 02898395 6 2023-10-01 2024-09-30 02898395 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02898395










Rother Valley Golf Centres Limited








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ROTHER VALLEY GOLF CENTRES LIMITED
REGISTERED NUMBER: 02898395

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
722,250
761,603

Investments
 5 
490,090
321,853

  
1,212,340
1,083,456

Current assets
  

Stocks
  
15,253
17,424

Debtors: amounts falling due within one year
 6 
21,742
32,015

Cash at bank and in hand
 7 
369,277
454,111

  
406,272
503,550

Creditors: amounts falling due within one year
 8 
(558,891)
(555,051)

Net current liabilities
  
 
 
(152,619)
 
 
(51,501)

Total assets less current liabilities
  
1,059,721
1,031,955

Creditors: amounts falling due after more than one year
 9 
(13,947)
(32,095)

Provisions for liabilities
  

Deferred tax
 11 
(49,315)
(48,890)

  
 
 
(49,315)
 
 
(48,890)

Net assets
  
996,459
950,970


Capital and reserves
  

Called up share capital 
 12 
300,400
300,400

Other reserves
  
31,323
-

Profit and loss account
  
664,736
650,570

  
996,459
950,970


Page 1

 
ROTHER VALLEY GOLF CENTRES LIMITED
REGISTERED NUMBER: 02898395
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr R Maydon
Director

Date: 18 March 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Rother Valley Golf Centres Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pinnacle Building A, 150-170 Midsummer Boulevard, Milton Keynes, Bucks United Kingdom, MK9 1FD. The principle place of activity is Mansfield Road, Wales Bar, Sheffield, S26 5PQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as per below.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease
Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 30).


4.


Tangible fixed assets





Leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2023
852,117
390,529
1,242,646


Additions
-
4,106
4,106


Disposals
-
21,717
21,717



At 30 September 2024

852,117
416,352
1,268,469



Depreciation


At 1 October 2023
223,805
257,238
481,043


Charge for the year on owned assets
10,795
43,110
53,905


Disposals
-
11,271
11,271



At 30 September 2024

234,600
311,619
546,219



Net book value



At 30 September 2024
617,517
104,733
722,250



At 30 September 2023
628,312
133,291
761,603

Page 7

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 October 2023
246,853
75,000
321,853


Additions
128,168
36,000
164,168


Disposals
(27,254)
-
(27,254)


Revaluations
31,323
-
31,323



At 30 September 2024
379,090
111,000
490,090




Page 8

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,671
4,441

Prepayments and accrued income
19,071
27,574

21,742
32,015



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
369,277
454,111

Less: bank overdrafts
-
(92,976)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
92,976

Bank loans
10,000
10,000

Trade creditors
55,712
55,640

Corporation tax
17,708
14,137

Other taxation and social security
51,199
36,213

Obligations under finance lease and hire purchase contracts
8,838
12,144

Other creditors
5,835
4,923

Accruals and deferred income
409,599
329,018

558,891
555,051



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,149
16,861

Net obligations under finance leases and hire purchase contracts
7,798
15,234

13,947
32,095


Page 9

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
6,149
16,861


6,149
16,861



16,149
26,861



11.


Deferred taxation




2024
2023


£

£






At beginning of year
(48,890)
(39,924)


Charged to profit or loss
(425)
(8,966)



At end of year
(49,315)
(48,890)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(49,315)
(48,890)

(49,315)
(48,890)

Page 10

 
ROTHER VALLEY GOLF CENTRES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200,000 (2023 - 200,000) Ordinary £1 shares of £1.00 each
200,000
200,000
10,040,000 (2023 - 10,040,000) Ordinary £0.01 shares of £0.01 each
100,400
100,400

300,400

300,400



13.


Capital commitments

The Company has committed to buying 25% of the shares in another company, amounting to a total of £156,000. At the year end £45,000 was still to be paid over a period of 3 years.

 
Page 11