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REGISTERED NUMBER: 11526297 (England and Wales)















Financial Statements For The Year Ended 31st July 2024

for

New Malden Golf Centre Limited

New Malden Golf Centre Limited (Registered number: 11526297)






Contents of the Financial Statements
For The Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New Malden Golf Centre Limited

Company Information
For The Year Ended 31st July 2024







DIRECTORS: C Purslow
M M Sheehan





REGISTERED OFFICE: Beverley Park Golf Range
Beverley Way
New Malden
KT3 4PH





REGISTERED NUMBER: 11526297 (England and Wales)





AUDITORS: Dua & Co Limited
Chartered Accountants & Registered Auditors
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

New Malden Golf Centre Limited (Registered number: 11526297)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,459,463 1,818,359

CURRENT ASSETS
Debtors 6 255,404 303,502
Cash at bank and in hand 147,488 387,754
402,892 691,256
CREDITORS
Amounts falling due within one year 7 470,685 314,470
NET CURRENT (LIABILITIES)/ASSETS (67,793 ) 376,786
TOTAL ASSETS LESS CURRENT LIABILITIES 2,391,670 2,195,145

CREDITORS
Amounts falling due after more than one year 8 (318,793 ) -

PROVISIONS FOR LIABILITIES 10 (235,225 ) (240,932 )
NET ASSETS 1,837,652 1,954,213

CAPITAL AND RESERVES
Called up share capital 1,187,000 1,187,000
Retained earnings 650,652 767,213
SHAREHOLDERS' FUNDS 1,837,652 1,954,213

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 25th April 2025 and were signed on its behalf by:





C Purslow - Director


New Malden Golf Centre Limited (Registered number: 11526297)

Notes to the Financial Statements
For The Year Ended 31st July 2024

1. STATUTORY INFORMATION

New Malden Golf Centre 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.

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.

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue from golf driving range and adventure golf, hiring of facilities, food and beverage and merchandise sales are recognised at the time of sale or when the service is provided and revenue is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follow :

Computer equipments 25% reducing balance basis
Motor vehicles 25% reducing balance basis
Fixtures, fittings and equipments 10% reducing balance basis

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.

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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account as incurred.

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.

New Malden Golf Centre Limited (Registered number: 11526297)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company continue to adopt the going concern basis of accounting in preparing the financial statements on the basis that the parent entity will continue to provide financial support to the Company if required and to provide sufficient funds to meet its liabilities as they fall due. The losses were reviewed and steps by the director taken to ensure before further investments into fixed assets are made that sales and profitability is returned from the investments in additions made in the current year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 42 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's financial statements 12,650 11,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 2,622,589
Additions 875,460
At 31st July 2024 3,498,049
DEPRECIATION
At 1st August 2023 804,230
Charge for year 234,356
At 31st July 2024 1,038,586
NET BOOK VALUE
At 31st July 2024 2,459,463
At 31st July 2023 1,818,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,094 4,936
Amounts owed by participating interests - 4,827
Other debtors 253,310 293,739
255,404 303,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 178,610 173,856
Amounts owed to participating interests 160,000 -
Taxation and social security 58,717 29,098
Other creditors 73,358 111,516
470,685 314,470

New Malden Golf Centre Limited (Registered number: 11526297)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 318,793 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 682,829 651,000
Between one and five years 3,414,145 3,255,000
In more than five years 12,290,922 12,153,000
16,387,896 16,059,000

Above lease payment includes lease of its Land & building for next 24 years at £682,829 per annum.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 422,574 240,932
Tax losses carried forward (187,349 ) -
235,225 240,932

Deferred
tax
£   
Balance at 1st August 2023 240,932
Credit to Income Statement during year (5,707 )
Balance at 31st July 2024 235,225

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rakesh Kumar Dua (Senior Statutory Auditor)
for and on behalf of Dua & Co Limited

12. RELATED PARTY DISCLOSURES

As at 31st July 2024, the company owed £478,793 (2023 (£4,827) ) to CMCP Investments. Mr C Purslow is a director and shareholder of CMCP Investments. No interest is charged on this loan.

Professional & consultancy fee of £ 68,656 ( 2023 : £61,301) ) relates to amount paid to Campbell Sanders LLP a business in which the director Grant Wright is a member. There were no balances outstanding at the year end. These payment relates to consultancy services provided by that firm on an arms length basis.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Purslow.

The company is controlled by Mr C Purslow and he is the ultimate beneficial owner.