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REGISTERED NUMBER: 11439542 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Westwood Golf Club Limited

Westwood Golf Club Limited (Registered number: 11439542)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Westwood Golf Club Limited (Registered number: 11439542)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 907,653 900,110
Investments 5 100 100
907,753 900,210

CURRENT ASSETS
Stocks 2,670 4,105
Debtors 6 163,269 135,406
Cash at bank 29,972 88,120
195,911 227,631
CREDITORS
Amounts falling due within one year 7 169,555 141,408
NET CURRENT ASSETS 26,356 86,223
TOTAL ASSETS LESS CURRENT LIABILITIES 934,109 986,433

CREDITORS
Amounts falling due after more than one year 8 83,624 99,782
NET ASSETS 850,485 886,651

RESERVES
Revaluation reserve 10 174,113 177,818
Pre acquisition reserve 593,066 593,066
Income and expenditure account 83,306 115,767
850,485 886,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:



Mr D Alcock - Director


Westwood Golf Club Limited (Registered number: 11439542)

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

1. STATUTORY INFORMATION

Westwood Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11439542

Registered office: Westwood Golf Club
Newcastle Road
Leek
Staffordshire
ST13 7AA

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Westwood Golf Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit & Loss Account, 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.


Westwood Golf Club Limited (Registered number: 11439542)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023 887,948 4,626 50,166 942,740
Additions - 22,233 1,400 23,633
At 31 October 2024 887,948 26,859 51,566 966,373
DEPRECIATION
At 1 November 2023 11,361 2,975 28,294 42,630
Charge for year 7,825 4,777 3,488 16,090
At 31 October 2024 19,186 7,752 31,782 58,720
NET BOOK VALUE
At 31 October 2024 868,762 19,107 19,784 907,653
At 31 October 2023 876,587 1,651 21,872 900,110

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 199,965 - 199,965
Cost 687,983 78,425 766,408
887,948 78,425 966,373

If Land & Clubhouse had not been revalued they would have been included at the historical cost of £687,983.

Land & Clubhouse were valued on an open market basis on 21 August 2020 by Pinders and in the opinion of the company's directors this valuation was still valid at 31st October 2024..

Westwood Golf Club Limited (Registered number: 11439542)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 73,262 52,771
Other debtors 90,007 82,635
163,269 135,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,632 21,214
Trade creditors 2,079 387
Taxation and social security 6,510 1,282
Other creditors 124,334 118,525
169,555 141,408

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 83,624 99,782

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loan 86,993 93,495

The bank loan is secured by a fixed charge over the company's assets.

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023 177,818
Revaluation of property (3,705 )

At 31 October 2024 174,113

Westwood Golf Club Limited (Registered number: 11439542)

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

11. LIMITED BY GUARANTEE

The company is limited by guarantee without share capital.