Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-05-192025-02-282025-05-19No description of principal activity2024-03-0122false23falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC143813 2024-03-01 2025-02-28 SC143813 2023-03-01 2024-02-29 SC143813 2025-02-28 SC143813 2024-02-29 SC143813 c:Director4 2024-03-01 2025-02-28 SC143813 d:Buildings 2024-03-01 2025-02-28 SC143813 d:Buildings 2025-02-28 SC143813 d:Buildings 2024-02-29 SC143813 d:Buildings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC143813 d:PlantMachinery 2024-03-01 2025-02-28 SC143813 d:PlantMachinery 2025-02-28 SC143813 d:PlantMachinery 2024-02-29 SC143813 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC143813 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC143813 d:CurrentFinancialInstruments 2025-02-28 SC143813 d:CurrentFinancialInstruments 2024-02-29 SC143813 d:Non-currentFinancialInstruments 2025-02-28 SC143813 d:Non-currentFinancialInstruments 2024-02-29 SC143813 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 SC143813 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC143813 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 SC143813 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC143813 d:ShareCapital 2025-02-28 SC143813 d:ShareCapital 2024-02-29 SC143813 d:SharePremium 2025-02-28 SC143813 d:SharePremium 2024-02-29 SC143813 d:RetainedEarningsAccumulatedLosses 2025-02-28 SC143813 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC143813 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 SC143813 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 SC143813 c:FRS102 2024-03-01 2025-02-28 SC143813 c:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC143813 c:FullAccounts 2024-03-01 2025-02-28 SC143813 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC143813 2 2024-03-01 2025-02-28 SC143813 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: SC143813









GLEN ANDREWS (GOLF COURSES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GLEN ANDREWS (GOLF COURSES) LIMITED
FOR THE YEAR ENDED 28 FEBRUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GLEN ANDREWS (GOLF COURSES) LIMITED for the year ended 28 February 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of GLEN ANDREWS (GOLF COURSES) LIMITED, as a body, in accordance with the terms of our engagement letter dated 27 June 2023Our work has been undertaken solely to prepare for your approval the financial statements of GLEN ANDREWS (GOLF COURSES) LIMITED and state those matters that we have agreed to state to the Board of Directors of GLEN ANDREWS (GOLF COURSES) LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GLEN ANDREWS (GOLF COURSES) LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that GLEN ANDREWS (GOLF COURSES) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GLEN ANDREWS (GOLF COURSES) LIMITED. You consider that GLEN ANDREWS (GOLF COURSES) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of GLEN ANDREWS (GOLF COURSES) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



The Woodstock Accountancy Practice Limited
Chartered Accountants
3a Market Place
Woodstock
OX20 1SY
19 May 2025
Page 1

 
GLEN ANDREWS (GOLF COURSES) LIMITED
REGISTERED NUMBER: SC143813

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,154,841
2,144,487

  
2,154,841
2,144,487

Current assets
  

Stocks
  
47,890
40,896

Debtors: amounts falling due within one year
 5 
26,601
11,707

Cash at bank and in hand
 6 
1,058,400
859,805

  
1,132,891
912,408

Creditors: amounts falling due within one year
 7 
(667,794)
(685,447)

Net current assets
  
 
 
465,097
 
 
226,961

Total assets less current liabilities
  
2,619,938
2,371,448

Creditors: amounts falling due after more than one year
 8 
(335,279)
(340,840)

Provisions for liabilities
  

Deferred tax
 9 
(32,279)
(41,238)

  
 
 
(32,279)
 
 
(41,238)

Net assets
  
2,252,380
1,989,370


Capital and reserves
  

Called up share capital 
  
253,495
253,495

Share premium account
  
341,550
341,550

Profit and loss account
  
1,657,335
1,394,325

  
2,252,380
1,989,370


Page 2

 
GLEN ANDREWS (GOLF COURSES) LIMITED
REGISTERED NUMBER: SC143813
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider 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 directors acknowledge their 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 on 19 May 2025.




P A Smith
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Glen Andrews (Golf Courses) Limited is a provate company, limited by shares, incorporated in Scotland, registered number SC143813.
The registered office is 100 Union Street, Aberdeen, AB10 1QR.
The Company's principal activity is that of golf course operation. 

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.

Page 4

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

 
2.7

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.


Page 5

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.8

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings
-
2%
straight line over 50 years
Equipment and motor vehicles
-
25%
reducing balance

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.

 
2.9

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 6

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2024 - 23).

Page 7

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Freehold property
Equipment & Motor vehicles
Total

£
£
£



Cost or valuation


At 1 March 2024
2,283,121
657,476
2,940,597


Additions
58,255
2,500
60,755



At 28 February 2025

2,341,376
659,976
3,001,352



Depreciation


At 1 March 2024
295,569
500,540
796,109


Charge for the year on owned assets
10,778
39,624
50,402



At 28 February 2025

306,347
540,164
846,511



Net book value



At 28 February 2025
2,035,029
119,812
2,154,841



At 29 February 2024
1,987,551
156,936
2,144,487


5.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
19,999
5,591

Other debtors
25
25

Prepayments and accrued income
6,577
6,091

26,601
11,707


Page 8

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
1,058,400
859,805

Less: bank overdrafts
(978)
(429)

1,057,422
859,376



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank overdrafts
978
429

Trade creditors
37,499
70,745

Corporation tax
98,375
98,747

Other taxation and social security
57,900
40,834

Other creditors
331,113
328,890

Accruals and deferred income
141,929
145,802

667,794
685,447



8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Other creditors
335,279
340,840

335,279
340,840


Page 9

 
GLEN ANDREWS (GOLF COURSES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Deferred taxation






2025


£






At beginning of year
(41,238)


Utilised in year
8,959



At end of year
(32,279)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
(32,279)
(41,238)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,348 (2024 - £8,295). Contributions totalling £1,515 (2024 - £1,434) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

The directors of the company, A A and P A Smith, have advanced funds to the company. The loans are unecured with no fixed repayment terms. Details of the balances are set out below and disclsoed with Other Creditors; Amounts falling due within one year. 
During the year £Nil (2024 - £Nil) was repaid.
Loan interest of £23,449 (2024 - £24,055) was paid on this balance during the year.


28 February
29 February
2025
2024
£
£

A A Smith
150,000
150,000
P A Smith
150,000
150,000
300,000
300,000

 
Page 10