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Company No: 02644551 (England and Wales)

PARLEY COURT GOLF COURSE LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PARLEY COURT GOLF COURSE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PARLEY COURT GOLF COURSE LIMITED

BALANCE SHEET

As at 30 September 2024
PARLEY COURT GOLF COURSE LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,382,325 1,282,071
1,382,325 1,282,071
Current assets
Stocks 4 4,417 3,750
Debtors 5 11,064 11,916
Cash at bank and in hand 91,888 97,802
107,369 113,468
Creditors: amounts falling due within one year 6 ( 905,812) ( 876,851)
Net current liabilities (798,443) (763,383)
Total assets less current liabilities 583,882 518,688
Creditors: amounts falling due after more than one year 7 ( 142,734) ( 85,085)
Net assets 441,148 433,603
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 441,048 433,503
Total shareholders' funds 441,148 433,603

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Parley Court Golf Course Limited (registered number: 02644551) were approved and authorised for issue by the Board of Directors on 27 May 2025. They were signed on its behalf by:

H T Dampney
Director
PARLEY COURT GOLF COURSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PARLEY COURT GOLF COURSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Parley Court Golf Course Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Parley Golf Centre, Parley Green Lane, Hurn, Christchurch, Dorset, BH23 6BB.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 19 19

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 October 2023 1,002,722 98,083 0 633,872 474 1,735,151
Additions 0 25,979 122,202 2,241 0 150,422
Disposals 0 0 0 ( 1,420) 0 ( 1,420)
At 30 September 2024 1,002,722 124,062 122,202 634,693 474 1,884,153
Accumulated depreciation
At 01 October 2023 0 50,751 0 402,122 207 453,080
Charge for the financial year 0 15,153 0 34,887 67 50,107
Disposals 0 0 0 ( 1,359) 0 ( 1,359)
At 30 September 2024 0 65,904 0 435,650 274 501,828
Net book value
At 30 September 2024 1,002,722 58,158 122,202 199,043 200 1,382,325
At 30 September 2023 1,002,722 47,332 0 231,750 267 1,282,071

4. Stocks

2024 2023
£ £
Stocks 4,417 3,750

5. Debtors

2024 2023
£ £
Trade debtors 7,840 6,363
Other debtors 3,224 5,553
11,064 11,916

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 23,333 10,000
Trade creditors 24,293 25,808
Taxation and social security 69,692 61,356
Obligations under finance leases and hire purchase contracts (secured) 70,675 44,387
Other creditors 717,819 735,300
905,812 876,851

The hire purchase contracts are secured against the assets to which they relate.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 6,667 16,667
Obligations under finance leases and hire purchase contracts (secured) 136,067 68,418
142,734 85,085

The hire purchase contracts are secured against the assets to which they relate.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70 Ordinary shares of £ 1.00 each 70 70
15 Ordinary A shares of £ 1.00 each 15 15
15 Ordinary B shares of £ 1.00 each 15 15
100 100

9. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Other 395,983 443,845