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Company No: 02535908 (England and Wales)

DAINTON PARK GOLF LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

DAINTON PARK GOLF LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

DAINTON PARK GOLF LIMITED

BALANCE SHEET

As at 30 September 2024
DAINTON PARK GOLF LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,119,966 1,823,777
2,119,966 1,823,777
Current assets
Stocks 49,400 42,500
Debtors 4 271,535 74,247
Cash at bank and in hand 200,757 384,896
521,692 501,643
Creditors: amounts falling due within one year 5 ( 846,609) ( 578,739)
Net current liabilities (324,917) (77,096)
Total assets less current liabilities 1,795,049 1,746,681
Creditors: amounts falling due after more than one year 6 0 ( 249,175)
Provision for liabilities ( 157,291) ( 80,671)
Net assets 1,637,758 1,416,835
Capital and reserves
Called-up share capital 7 400,000 400,000
Capital redemption reserve 42,947 42,947
Profit and loss account 1,194,811 973,888
Total shareholders' funds 1,637,758 1,416,835

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dainton Park Golf Limited (registered number: 02535908) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

Mr D S Wood
Director
DAINTON PARK GOLF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
DAINTON PARK GOLF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dainton Park Golf Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ipplepen, Newton Abbot, South Devon, TQ12 5TN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 5 years straight line
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 47 47

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 1,767,575 1,410,709 71,904 3,250,188
Additions 388,833 34,766 0 423,599
Disposals 0 ( 13,370) 0 ( 13,370)
At 30 September 2024 2,156,408 1,432,105 71,904 3,660,417
Accumulated depreciation
At 01 October 2023 326,207 1,069,453 30,751 1,426,411
Charge for the financial year 19,101 102,275 3,360 124,736
Disposals 0 ( 10,696) 0 ( 10,696)
At 30 September 2024 345,308 1,161,032 34,111 1,540,451
Net book value
At 30 September 2024 1,811,100 271,073 37,793 2,119,966
At 30 September 2023 1,441,368 341,256 41,153 1,823,777

4. Debtors

2024 2023
£ £
Trade debtors 4,920 4,697
Amounts owed by directors 238,028 56,688
Prepayments 26,587 8,827
Other debtors 2,000 4,035
271,535 74,247

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 249,175 53,200
Trade creditors 162,262 61,388
Accruals 269,375 244,218
Other taxation and social security 84,913 86,535
Obligations under finance leases and hire purchase contracts 0 28,959
Other creditors 80,884 104,439
846,609 578,739

The bank loans are secured against the land owned by the Dainton Park Golf Limited.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 0 249,175

The bank loans are secured against the land owned by the Dainton Park Golf Limited.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
180,000 Ordinary shares of £ 1.00 each 180,000 180,000
120,000 Ordinary A shares of £ 1.00 each 120,000 120,000
100,000 Ordinary B shares of £ 1.00 each 100,000 100,000
400,000 400,000

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
As at 1 October 56,688 0
Advances to directors 368,263 138,263
Amounts repaid (186,923) (81,575)
As at 30 September 238,028 56,688

The company operates loan accounts with its directors. There is no fixed date of repayment and the loan bears interest at the rate stipulated by HM Revenue & Customs on any balance exceeding £10,000.