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Registered number: 08857701
Kingsnorth Golf Club & Driving Range Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Highspec Consultancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08857701
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,872 82,320
58,872 82,320
CURRENT ASSETS
Stocks 5 35,000 38,245
Debtors 6 57,279 57,279
Cash at bank and in hand 781 781
93,060 96,305
Creditors: Amounts Falling Due Within One Year 7 (69,386 ) (173,255 )
NET CURRENT ASSETS (LIABILITIES) 23,674 (76,950 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,546 5,370
Creditors: Amounts Falling Due After More Than One Year 8 (25,000 ) (25,000 )
NET ASSETS/(LIABILITIES) 57,546 (19,630 )
CAPITAL AND RESERVES
Called up share capital 9 30 30
Share premium account 80,640 80,640
Profit and Loss Account (23,124 ) (100,300 )
SHAREHOLDERS' FUNDS 57,546 (19,630)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Mark Chilcott
Director
06/05/2025
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
Kingsnorth Golf Club & Driving Range Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08857701 . The registered office is Kingsnorth Golf Club & Driving Range, Ashford Road, Kingsnorth, Ashford, Kent, TN26 1NJ.
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:
Leasehold Over the Term of the Lease
Plant & Machinery 15% Straight Line
Fixtures & Fittings 15% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 20,520 174,005 55,076 249,601
As at 31 December 2024 20,520 174,005 55,076 249,601
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2024 10,895 127,834 28,552 167,281
Provided during the period 2,052 14,762 6,634 23,448
As at 31 December 2024 12,947 142,596 35,186 190,729
Net Book Value
As at 31 December 2024 7,573 31,409 19,890 58,872
As at 1 January 2024 9,625 46,171 26,524 82,320
5. Stocks
31 December 2024 31 December 2023
£ £
Stock 35,000 38,245
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income 2,393 2,393
Other debtors 54,886 54,886
57,279 57,279
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 8,052 29,667
Bank loans and overdrafts 32,370 83,682
VAT 15,944 21,918
Other creditors 5,094 5,094
Accruals and deferred income 2,000 2,000
Director's loan account 5,926 30,894
69,386 173,255
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 25,000 25,000
Page 4
Page 5
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 30 30
Page 5