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REGISTERED NUMBER: 00498062 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PRESTON GOLF CLUB LIMITED

PRESTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00498062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRESTON GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Richard James Ward
Michael Bradley Walker
Trevor Lafferty
John Robert Parker





REGISTERED OFFICE: Fulwood Old Hall
Fulwood Hall Lane
Preston
Lancashire
PR2 8DD





REGISTERED NUMBER: 00498062 (England and Wales)





AUDITORS: Wallwork Nelson & Johnson
Chartered Accountants & Statutory Auditors
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

PRESTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00498062)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,849,660 1,875,730

CREDITORS
Amounts falling due within one year 5 1,197,948 1,201,882
NET CURRENT LIABILITIES (1,197,948 ) (1,201,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,712

673,848

CAPITAL AND RESERVES
Called up share capital 17 17
Capital redemption reserve 2 2
Other reserves 538,746 538,746
Retained earnings 112,947 135,083
SHAREHOLDERS' FUNDS 651,712 673,848

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 23 June 2025 and were signed on its behalf by:




John Robert Parker - Director



Richard James Ward - Director


PRESTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00498062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Preston Golf Club 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.

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.

Tangible fixed assets
Depreciation has been provided to write off the cost of tangible fixed assets over their expected useful lives using the following rates:


Course irrigation system5% per annum on cost

Golf academy buildings2% per annum on cost

No depreciation has been charged on freehold buildings, on the grounds that it would be immaterial.

Taxation
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
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.

Going concern
On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus continuing to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

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

PRESTON GOLF CLUB LIMITED (REGISTERED NUMBER: 00498062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 October 2023 2,494,168
Additions 6,599
At 30 September 2024 2,500,767
DEPRECIATION
At 1 October 2023 618,438
Charge for year 32,669
At 30 September 2024 651,107
NET BOOK VALUE
At 30 September 2024 1,849,660
At 30 September 2023 1,875,730

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Other creditors 1,197,948 1,201,882

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P Woodburn FCA (Senior Statutory Auditor)
for and on behalf of Wallwork Nelson & Johnson

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.