Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-28No description of principal activityfalse2023-11-01false2018trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02766933 2023-11-01 2024-10-31 02766933 2022-11-01 2023-10-31 02766933 2024-10-31 02766933 2023-10-31 02766933 2022-11-01 02766933 5 2023-11-01 2024-10-31 02766933 5 2022-11-01 2023-10-31 02766933 d:Director1 2023-11-01 2024-10-31 02766933 d:Director2 2023-11-01 2024-10-31 02766933 d:Director3 2023-11-01 2024-10-31 02766933 d:RegisteredOffice 2023-11-01 2024-10-31 02766933 e:Buildings 2023-11-01 2024-10-31 02766933 e:Buildings 2024-10-31 02766933 e:Buildings 2023-10-31 02766933 e:Buildings e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02766933 e:LandBuildings 2024-10-31 02766933 e:LandBuildings 2023-10-31 02766933 e:PlantMachinery 2023-11-01 2024-10-31 02766933 e:PlantMachinery 2024-10-31 02766933 e:PlantMachinery 2023-10-31 02766933 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02766933 e:MotorVehicles 2023-11-01 2024-10-31 02766933 e:MotorVehicles 2024-10-31 02766933 e:MotorVehicles 2023-10-31 02766933 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02766933 e:FurnitureFittings 2023-11-01 2024-10-31 02766933 e:FurnitureFittings 2024-10-31 02766933 e:FurnitureFittings 2023-10-31 02766933 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02766933 e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02766933 e:CurrentFinancialInstruments 2024-10-31 02766933 e:CurrentFinancialInstruments 2023-10-31 02766933 e:Non-currentFinancialInstruments 2024-10-31 02766933 e:Non-currentFinancialInstruments 2023-10-31 02766933 e:CurrentFinancialInstruments e:WithinOneYear 2024-10-31 02766933 e:CurrentFinancialInstruments e:WithinOneYear 2023-10-31 02766933 e:Non-currentFinancialInstruments e:AfterOneYear 2024-10-31 02766933 e:Non-currentFinancialInstruments e:AfterOneYear 2023-10-31 02766933 e:ShareCapital 2023-11-01 2024-10-31 02766933 e:ShareCapital 2024-10-31 02766933 e:ShareCapital 2022-11-01 2023-10-31 02766933 e:ShareCapital 2023-10-31 02766933 e:ShareCapital 2022-11-01 02766933 e:RevaluationReserve 2023-11-01 2024-10-31 02766933 e:RevaluationReserve 2024-10-31 02766933 e:RevaluationReserve 5 2023-11-01 2024-10-31 02766933 e:RevaluationReserve 2022-11-01 2023-10-31 02766933 e:RevaluationReserve 2023-10-31 02766933 e:RevaluationReserve 2022-11-01 02766933 e:RevaluationReserve 5 2022-11-01 2023-10-31 02766933 e:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 02766933 e:RetainedEarningsAccumulatedLosses 2024-10-31 02766933 e:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 02766933 e:RetainedEarningsAccumulatedLosses 2023-10-31 02766933 e:RetainedEarningsAccumulatedLosses 2022-11-01 02766933 d:FRS102 2023-11-01 2024-10-31 02766933 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02766933 d:FullAccounts 2023-11-01 2024-10-31 02766933 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02766933 5 2023-11-01 2024-10-31 02766933 f:PoundSterling 2023-11-01 2024-10-31 02766933 e:RetainedEarningsAccumulatedLosses 5 2023-11-01 2024-10-31 02766933 e:RetainedEarningsAccumulatedLosses 5 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 02766933







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024


NEWLANE LEISURE LIMITED






































img0fd3.png                        

 


NEWLANE LEISURE LIMITED
 


 
COMPANY INFORMATION


Directors
J C Buchanan 
D E Walker 
S M Buchanan 




Registered number
02766933



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
Sutton Green Golf Club
New Lane

Sutton Green

Guildford

Surrey

GU4 7QF






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


NEWLANE LEISURE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3 - 4
Notes to the Financial Statements
5 - 9


 


NEWLANE LEISURE LIMITED
REGISTERED NUMBER:02766933



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,894,872
2,914,256

  
2,894,872
2,914,256

Current assets
  

Stocks
  
32,508
26,893

Debtors: amounts falling due within one year
 5 
25,521
18,842

Cash at bank and in hand
  
209,300
210,869

  
267,329
256,604

Creditors: amounts falling due within one year
 6 
(1,279,636)
(1,393,897)

Net current liabilities
  
 
 
(1,012,307)
 
 
(1,137,293)

Total assets less current liabilities
  
1,882,565
1,776,963

Creditors: amounts falling due after more than one year
 7 
(83,271)
(129,782)

Provisions for liabilities
  

Deferred tax
  
(9,438)
(11,025)

  
 
 
(9,438)
 
 
(11,025)

Net assets
  
1,789,856
1,636,156


Capital and reserves
  

Called up share capital 
  
120,000
120,000

Revaluation reserve
  
587,135
588,151

Profit and loss account
  
1,082,721
928,005

  
1,789,856
1,636,156


Page 1

 


NEWLANE LEISURE LIMITED
REGISTERED NUMBER:02766933


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

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 comprehensive income 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 by: 




J C Buchanan
Director
Date: 28 May 2025

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 


NEWLANE LEISURE LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2023
120,000
588,151
928,005
1,636,156


Comprehensive income for the year

Profit for the year

-
-
153,700
153,700

Surplus on revaluation of freehold property
-
-
1,016
1,016


Other comprehensive income for the year
-
-
1,016
1,016


Total comprehensive income for the year
-
-
154,716
154,716


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
(1,016)
-
(1,016)


Total transactions with owners
-
(1,016)
-
(1,016)


At 31 October 2024
120,000
587,135
1,082,721
1,789,856


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 


NEWLANE LEISURE LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2022
120,000
589,167
796,392
1,505,559


Comprehensive income for the year

Profit for the year

-
-
130,597
130,597

Surplus on revaluation of freehold property
-
-
1,016
1,016


Other comprehensive income for the year
-
-
1,016
1,016


Total comprehensive income for the year
-
-
131,613
131,613


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
(1,016)
-
(1,016)


Total transactions with owners
-
(1,016)
-
(1,016)


At 31 October 2023
120,000
588,151
928,005
1,636,156


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 


NEWLANE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

NewLane Leisure 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. Their principal place of business is Sutton Green Golf Club, New Lane, Sutton Green, Guildford, Surrey, GU4 7QF.
The presentation currency of the financial statements is the Pound Sterling (£).

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis on the bais that amounts owing to directors and shareholders due less than one year amounting to £1,035,340 (2023 - £1,089,740) will only be drawn where the company has adequate funds.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Page 5

 


NEWLANE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

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 reporting 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 reporting 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 reporting date.


 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight line and reducing balance methods..

Depreciation is provided on the following basis:

Freehold property
-
2%
on cost of buildings
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
15%
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.

Page 6

 


NEWLANE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Revaluation of tangible fixed assets

Freehold land and buildings are carried at a valuation made in 1999, less any subsequent accumulated impairment losses. 1999 represents the year in which the Golf course and associated facilities were completed. From the date of that revaluation it has been company policy to continually maintain the facility with all maintenance expenditure charged to the Statement of Comprehensive Income in the period in which it is incurred.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 18).

Page 7

 


NEWLANE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
2,960,383
346,375
12,500
119,293
3,438,551


Additions
-
-
-
2,552
2,552



At 31 October 2024

2,960,383
346,375
12,500
121,845
3,441,103



Depreciation


At 1 November 2023
90,226
325,299
12,500
96,270
524,295


Charge for the year on owned assets
13,035
5,269
-
3,632
21,936



At 31 October 2024

103,261
330,568
12,500
99,902
546,231



Net book value



At 31 October 2024
2,857,122
15,807
-
21,943
2,894,872



At 31 October 2023
2,870,157
21,076
-
23,023
2,914,256




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
2,857,122
2,870,157

2,857,122
2,870,157


Cost or valuation of Freehold Property represents Land and Buildings with a cost of £2,365,200 and valuations of £595,183.

5.


Debtors

2024
2023
£
£


Other debtors
11,642
5,678

Prepayments and accrued income
13,879
13,164

25,521
18,842


Page 8

 


NEWLANE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
55,000

Trade creditors
47,163
38,142

Corporation tax
57,797
42,210

Other taxation and social security
46,197
46,664

Other creditors
1,036,821
1,093,911

Accruals and deferred income
81,658
117,970

1,279,636
1,393,897



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,156
46,017

Other creditors
72,115
83,765

83,271
129,782


The following liabilities were secured:

2024
2023
£
£



Bank loans
-
70,000

-
70,000

Details of security provided:

Bank loan of £Nil (2023 - £70,000) are secured by way of legal charge over the assets of the company, £21,156 (2023 - £31,017) of bank loans relate to a Bounce back loan and is secured by the U.K. Government.

 
Page 9