WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Company Registration Number:
07838526 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 4,500,069 4,234,624
Total fixed assets: 4,500,069 4,234,624
Current assets
Stocks: 200,926 154,478
Debtors:   654,575 631,385
Cash at bank and in hand: 535,907 668,370
Total current assets: 1,391,408 1,454,233
Creditors: amounts falling due within one year:   (1,290,448) (1,277,292)
Net current assets (liabilities): 100,960 176,941
Total assets less current liabilities: 4,601,029 4,411,565
Creditors: amounts falling due after more than one year:   (1,867,772) (2,378,648)
Provision for liabilities: (127,709) (88,892)
Total net assets (liabilities): 2,605,548 1,944,025
Capital and reserves
Called up share capital: 2,000,001 2,000,001
Profit and loss account: 605,547 (55,976)
Shareholders funds: 2,605,548 1,944,025

The notes form part of these financial statements

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2025
and signed on behalf of the board by:

Name: Mr Anthony Gerald Mendham
Status: Director

The notes form part of these financial statements

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover - Is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible Fixed Assets - Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life. Land and Buildings - 2% on cost Plant and Machinery, Etc. - 20% on cost

Intangible fixed assets and amortisation policy

Intangible Assets - Are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation charges and any accumulated impairment losses.

Other accounting policies

Goodwill - Being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over it's estimated useful life of ten years. Stocks - Are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation - For the year comprises current and deferred tax. Tax is recognised in the 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 - 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 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. Hire Purchase and Leasing Commitments. Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits. The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 100 92

WENSUM VALLEY HOTEL GOLF & COUNTRY CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 6,319,707
Additions 618,984
Disposals (72,950)
At 31 March 2024 6,865,741
Depreciation
At 01 April 2023 2,085,083
Charge for year 353,349
On disposals (72,760)
At 31 March 2024 2,365,672
Net book value
At 31 March 2024 4,500,069
At 31 March 2023 4,234,624