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REGISTERED NUMBER: 02811302 (England and Wales)












Styal Golf Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Styal Golf Limited (Registered number: 02811302)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Styal Golf Limited

Company Information
for the Year Ended 31 July 2024







Directors: Mrs S L Higham
R M Higham
Ms P F Higham
Ms G S Higham





Secretary: R M Higham





Registered office: Styal Golf Club
Station Road
Styal
Wilmslow
Cheshire
SK9 4JN





Registered number: 02811302 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Styal Golf Limited (Registered number: 02811302)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 447,300 438,685
Investments 5 1 1
447,301 438,686

Current assets
Stocks 54,056 41,136
Debtors 6 1,407,955 1,337,985
Cash at bank and in hand 216,434 278,571
1,678,445 1,657,692
Creditors
Amounts falling due within one year 7 429,532 1,208,207
Net current assets 1,248,913 449,485
Total assets less current liabilities 1,696,214 888,171

Provisions for liabilities 20,706 13,281
Net assets 1,675,508 874,890

Capital and reserves
Called up share capital 152 152
Retained earnings 1,675,356 874,738
Shareholders' funds 1,675,508 874,890

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Styal Golf Limited (Registered number: 02811302)

Balance Sheet - continued
31 July 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





R M Higham - Director


Styal Golf Limited (Registered number: 02811302)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Styal Golf Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Styal Golf Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 25% on cost

Investments in subsidiaries
Investments in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Investments in subsdiaries are assessed for impairment at each reporting date. Any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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 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 balance sheet date.


Styal Golf Limited (Registered number: 02811302)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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 37 (2023 - 34 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 August 2023 1,009,346 1,058,012 2,067,358
Additions - 77,477 77,477
At 31 July 2024 1,009,346 1,135,489 2,144,835
Depreciation
At 1 August 2023 663,425 965,248 1,628,673
Charge for year 26,347 42,515 68,862
At 31 July 2024 689,772 1,007,763 1,697,535
Net book value
At 31 July 2024 319,574 127,726 447,300
At 31 July 2023 345,921 92,764 438,685

Styal Golf Limited (Registered number: 02811302)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. Fixed asset investments
Shares in
subsidiaries
£   
Cost
At 1 August 2023
and 31 July 2024 1
Net book value
At 31 July 2024 1
At 31 July 2023 1

6. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Other debtors 1,407,955 1,337,985

7. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade creditors 11,790 17,644
Taxation and social security 72,552 74,036
Other creditors 345,190 1,116,527
429,532 1,208,207

8. Secured debts

The bank overdraft and loan are secured by way of a fixed and floating charge on the assets and undertaking of the company and the company's land and properties.

9. Related party disclosures

Included in debtors due within one year is an amount due from Styal Lodge Limited of £46,463 (2023:Nil). This company is a wholly owned subsidiary of Styal Wedding Lodge Limited, who is a subsidiary of Styal Golf Limited. This balance represents an unsecured loan and is interest free.

Included in debtors due within one year is an amount due from Can Lobo Limited of £1,345,727 (2023: £1,334,727).This is a company under the control of the same directors as Styal Golf Limited. This balance represents an unsecured loan and is interest free.

Included in creditors due within one year is an amount due to Styal Lodge Limited of Nil (2023:£575,353). This company is a wholly owned subsidiary of Styal Wedding Lodge Limited, who is a subsidiary of Styal Golf Limited. This balance represents an unsecured loan and is interest free.

Included in creditors due within one year is an amount due to to Styal Wedding Lodge Limited of £16,000 (2023:£202,259). This company is a wholly owned subsidiary of Styal Golf Club Limited. This balance represents an unsecured loan and is interest free.