Company registration number 05811320 (England and Wales)
WOOD FARM GOLF & LEISURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WOOD FARM GOLF & LEISURE LIMITED
COMPANY INFORMATION
Directors
Mr J Moody
Mr R J Moody
Mr S Broadley
Mr B R Saunders
Secretary
Mr S Broadley
Company number
05811320
Registered office
Hollybush Farm
Warstone Road
Shareshill
Wolverhampton
West Midlands
WV10 7LX
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
WOOD FARM GOLF & LEISURE LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
WOOD FARM GOLF & LEISURE LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WOOD FARM GOLF & LEISURE LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wood Farm Golf & Leisure Limited for the year ended 30 September 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Wood Farm Golf & Leisure Limited, as a body, in accordance with the terms of our engagement letter dated 19 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Wood Farm Golf & Leisure Limited and state those matters that we have agreed to state to the board of directors of Wood Farm Golf & Leisure Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wood Farm Golf & Leisure Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Wood Farm Golf & Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wood Farm Golf & Leisure Limited. You consider that Wood Farm Golf & Leisure Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Wood Farm Golf & Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
25 June 2025
WOOD FARM GOLF & LEISURE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,492
1,990
Current assets
Stocks
4
500,000
500,000
Debtors
5
77,335
76,801
Cash at bank and in hand
288
288
577,623
577,089
Creditors: amounts falling due within one year
6
(764,825)
(684,691)
Net current liabilities
(187,202)
(107,602)
Net liabilities
(185,710)
(105,612)
Capital and reserves
Called up share capital
7
600,000
600,000
Profit and loss reserves
(785,710)
(705,612)
Total equity
(185,710)
(105,612)
WOOD FARM GOLF & LEISURE LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 3 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
Mr R J Moody
Director
Company Registration No. 05811320
WOOD FARM GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information
Wood Farm Golf & 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.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
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 the management.
The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replacement part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.
Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Plant and equipment
25% 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 the Income Statement.
1.3
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.
1.4
The financial accounts have been prepared on a going concern basis, the validity of which depends upon the future support of the associates. In the opinion of the directors, this support will be available such that the company will continue in operational existence for the foreseeable future.
WOOD FARM GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
4
4
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 October 2023 and 30 September 2024
123,756
Depreciation and impairment
At 1 October 2023
121,766
Depreciation charged in the year
498
At 30 September 2024
122,264
Carrying amount
At 30 September 2024
1,492
At 30 September 2023
1,990
4
Stocks
2024
2023
£
£
Work in progress
500,000
500,000
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by related parties
62,141
61,607
Other debtors
15,194
15,194
77,335
76,801
Amounts owed by related parties and associates do not bear interest, are unsecured and are repayable on demand.
WOOD FARM GOLF & LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to related parties
714,075
631,691
Other creditors
50,000
50,000
Accruals and deferred income
750
3,000
764,825
684,691
Amounts owed to related parties and associates do not bear interest, are unsecured and are repayable on demand.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
600,000
600,000
600,000
600,000