IRIS Accounts Production v25.1.3.33 00516075 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005160752023-12-31005160752024-12-31005160752024-01-012024-12-31005160752022-12-31005160752023-01-012023-12-31005160752023-12-3100516075ns15:EnglandWales2024-01-012024-12-3100516075ns14:PoundSterling2024-01-012024-12-3100516075ns10:Director12024-01-012024-12-3100516075ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100516075ns10:SmallEntities2024-01-012024-12-3100516075ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100516075ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100516075ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100516075ns10:FullAccounts2024-01-012024-12-3100516075ns10:Director22024-01-012024-12-3100516075ns10:Director32024-01-012024-12-3100516075ns10:Director52024-01-012024-12-3100516075ns10:Director72024-01-012024-12-3100516075ns10:Director92024-01-012024-12-3100516075ns10:Director102024-01-012024-12-3100516075ns10:Director112024-01-012024-12-3100516075ns10:Director122024-01-012024-12-3100516075ns10:Director132024-01-012024-12-3100516075ns10:Director142024-01-012024-12-3100516075ns10:Director152024-01-012024-12-3100516075ns10:Director162024-01-012024-12-3100516075ns10:CompanySecretary12024-01-012024-12-3100516075ns10:RegisteredOffice2024-01-012024-12-3100516075ns5:CurrentFinancialInstruments2024-12-3100516075ns5:CurrentFinancialInstruments2023-12-3100516075ns5:Non-currentFinancialInstruments2024-12-3100516075ns5:Non-currentFinancialInstruments2023-12-3100516075ns5:ShareCapital2024-12-3100516075ns5:ShareCapital2023-12-3100516075ns5:RevaluationReserve2024-12-3100516075ns5:RevaluationReserve2023-12-3100516075ns5:CapitalRedemptionReserve2024-12-3100516075ns5:CapitalRedemptionReserve2023-12-3100516075ns5:RetainedEarningsAccumulatedLosses2024-12-3100516075ns5:RetainedEarningsAccumulatedLosses2023-12-3100516075ns5:LandBuildings2023-12-3100516075ns5:PlantMachinery2023-12-3100516075ns5:LandBuildings2024-01-012024-12-3100516075ns5:PlantMachinery2024-01-012024-12-3100516075ns5:LandBuildings2024-12-3100516075ns5:PlantMachinery2024-12-3100516075ns5:LandBuildings2023-12-3100516075ns5:PlantMachinery2023-12-3100516075ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100516075ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100516075ns5:CurrentFinancialInstruments2024-01-012024-12-3100516075ns5:RevaluationReserve2023-12-31
















Lee Park Golf Club Limited(The)

Unaudited Financial Statements for the Year Ended 31 December 2024






Lee Park Golf Club Limited(The) (Registered number: 00516075)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lee Park Golf Club Limited(The)

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Dunmore
M Farandos
I Glassman
Ms J Graff
J Hughes
S Morris
P Rastall
P Yoh
P Melia
Ms J Bell
Ms S Downey
C Farley
V B Welsh





SECRETARY: Ms A P Fagan





REGISTERED OFFICE: Childwall Valley Road
Liverpool
L27 3YA





REGISTERED NUMBER: 00516075 (England and Wales)





ACCOUNTANTS: Sue Matthews & Co Ltd
Chartered Accountants
Unit 4 Hurricane Drive
Hurricane Business Park
Liverpool
Merseyside
L24 8RL

Lee Park Golf Club Limited(The) (Registered number: 00516075)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 426,539 449,888

CURRENT ASSETS
Stocks 4,634 5,622
Debtors 5 7,461 16,420
Cash at bank and in hand 326,842 308,965
338,937 331,007
CREDITORS
Amounts falling due within one year 6 236,220 295,716
NET CURRENT ASSETS 102,717 35,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,256

485,179

CREDITORS
Amounts falling due after more than one
year

7

4,167

14,167
NET ASSETS 525,089 471,012

CAPITAL AND RESERVES
Called up share capital 8 84,143 86,190
Revaluation reserve 9 128,165 128,165
Capital redemption reserve 6,527 4,480
Retained earnings 306,254 252,177
525,089 471,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 7 April 2025 and were signed on its behalf by:





P Melia - Director


Lee Park Golf Club Limited(The) (Registered number: 00516075)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lee Park Golf Club Limited(The) 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.

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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of any VAT. The fair value of consideration takes into account any trading or settlement discounts.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently at cost or valuation and net of depreciation and any impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

Land and buildings - Clubhouse - not provided
Land and buildings - Clubhouse development and alterations - 5% on reducing balance
Plant, machinery and equipment - 20% on reducing balance
Plant and machinery - Course development and construction - 5% on reducing balance
Plant and machinery - Trophies - not provided

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds (net of any VAT) and the carrying value of the assets, and is credited or charged to profit or loss in the period of disposal.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings,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.

Lee Park Golf Club Limited(The) (Registered number: 00516075)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. These held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are deprecated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 530,087 1,017,198 1,547,285
Additions - 3,118 3,118
Disposals - (164,269 ) (164,269 )
At 31 December 2024 530,087 856,047 1,386,134
DEPRECIATION
At 1 January 2024 376,900 720,497 1,097,397
Charge for year 7,000 17,991 24,991
Eliminated on disposal - (162,793 ) (162,793 )
At 31 December 2024 383,900 575,695 959,595
NET BOOK VALUE
At 31 December 2024 146,187 280,352 426,539
At 31 December 2023 153,187 296,701 449,888

Included in plant and machinery are Trophies, amounting to £131,893. They were revalued by an independent valuer on 18 June 2022.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245 -
Other debtors 7,216 16,420
7,461 16,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,169 32,669
Taxation and social security 7,354 8,982
Other creditors 196,697 244,065
236,220 295,716

Included in other creditors are subscriptions received in advance from members amounting to £153,156 (2023 £155,913).

Lee Park Golf Club Limited(The) (Registered number: 00516075)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,167 14,167

8. CALLED UP SHARE CAPITAL

Foundation shares have been issued as follows:

To 23rd March 1973 53,212
24th March 1973 to 30th March 1989 19,944
1st April 1989 to 31st December 2018 6,764
1st January 2019 to 31st December 2019 175
1st January 2022 to 31st December 2022 640
1st January 2024 to 31st December 2024 70
-------------
Total foundation shares £80,805
=======

In the event of a winding up of the company, for the purposes of distribution of the company, any foundation share issued before 23rd March 1973 shall be deemed to have a nominal value ten times that of any foundation share issued after 30th March 1989: any foundation share issued after 22nd March 1973, but before 30th March 1989, shall be deemed to have a nominal value five times that of any foundation share issued after 30th March 1989.

Total shares are as follows:

Foundation shares 80.805
Members shares at start of year 5,240
Members shares movement in year (1,902)
------------
£84,143
=======

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 128,165

10. CONTINGENT LIABILITY

There is a contingent liability of £10,000 for FOBS and Swipe Card monies received, repayable to members only in the event of the company winding up.