Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false619truetruetruetruetrue2024-01-01false609true 01497205 2024-01-01 2024-12-31 01497205 2023-01-01 2023-12-31 01497205 2024-12-31 01497205 2023-12-31 01497205 2023-01-01 01497205 6 2024-01-01 2024-12-31 01497205 6 2023-01-01 2023-12-31 01497205 d:CompanySecretary1 2024-01-01 2024-12-31 01497205 d:Director1 2024-01-01 2024-12-31 01497205 d:Director1 2024-12-31 01497205 d:Director2 2024-01-01 2024-12-31 01497205 d:Director3 2024-01-01 2024-12-31 01497205 d:Director3 2024-12-31 01497205 d:RegisteredOffice 2024-01-01 2024-12-31 01497205 e:Buildings 2024-01-01 2024-12-31 01497205 e:Buildings 2024-12-31 01497205 e:Buildings 2023-12-31 01497205 e:Buildings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01497205 e:Buildings e:LongLeaseholdAssets 2024-01-01 2024-12-31 01497205 e:Buildings e:LongLeaseholdAssets 2024-12-31 01497205 e:Buildings e:LongLeaseholdAssets 2023-12-31 01497205 e:PlantMachinery 2024-01-01 2024-12-31 01497205 e:PlantMachinery 2024-12-31 01497205 e:PlantMachinery 2023-12-31 01497205 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01497205 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01497205 e:CurrentFinancialInstruments 2024-12-31 01497205 e:CurrentFinancialInstruments 2023-12-31 01497205 e:Non-currentFinancialInstruments 2024-12-31 01497205 e:Non-currentFinancialInstruments 2023-12-31 01497205 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 01497205 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 01497205 f:UnitedKingdom 2024-01-01 2024-12-31 01497205 f:UnitedKingdom 2023-01-01 2023-12-31 01497205 e:UKTax 2024-01-01 2024-12-31 01497205 e:UKTax 2023-01-01 2023-12-31 01497205 e:ShareCapital 2024-01-01 2024-12-31 01497205 e:ShareCapital 2024-12-31 01497205 e:ShareCapital 2023-01-01 2023-12-31 01497205 e:ShareCapital 2023-12-31 01497205 e:ShareCapital 2023-01-01 01497205 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01497205 e:RetainedEarningsAccumulatedLosses 2024-12-31 01497205 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01497205 e:RetainedEarningsAccumulatedLosses 2023-12-31 01497205 e:RetainedEarningsAccumulatedLosses 2023-01-01 01497205 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01497205 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01497205 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 01497205 e:TaxLossesCarry-forwardsDeferredTax 2023-12-31 01497205 d:OrdinaryShareClass1 2024-01-01 2024-12-31 01497205 d:OrdinaryShareClass1 2024-12-31 01497205 d:OrdinaryShareClass1 2023-12-31 01497205 d:FRS102 2024-01-01 2024-12-31 01497205 d:Audited 2024-01-01 2024-12-31 01497205 d:FullAccounts 2024-01-01 2024-12-31 01497205 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01497205 e:Subsidiary1 2024-01-01 2024-12-31 01497205 e:Subsidiary1 1 2024-01-01 2024-12-31 01497205 e:WithinOneYear 2024-12-31 01497205 e:WithinOneYear 2023-12-31 01497205 e:BetweenOneFiveYears 2024-12-31 01497205 e:BetweenOneFiveYears 2023-12-31 01497205 e:MoreThanFiveYears 2024-12-31 01497205 e:MoreThanFiveYears 2023-12-31 01497205 2 2024-01-01 2024-12-31 01497205 6 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 01497205







ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


BURHILL GOLF AND LEISURE LIMITED






































img4e7c.png                        

 


BURHILL GOLF AND LEISURE LIMITED
 


 
COMPANY INFORMATION


Directors
Colin Mayes (resigned 1 April 2025)
James Conlan 
Simon Thompson (appointed 6 December 2024)




Company secretary
James Conlan



Registered number
01497205



Registered office
Burhill

Walton-On-Thames

Surrey

KT12 4BX




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

4th Floor

95 Gresham Street

London

EC2V 7AB





 


BURHILL GOLF AND LEISURE LIMITED
 



CONTENTS



Page
Strategic report
1 - 3
Directors' report
4 - 6
Independent auditor's report
7 - 10
Statement of comprehensive income
11
Balance sheet
12
Statement of changes in equity
13
Notes to the financial statements
14 - 27


 


BURHILL GOLF AND LEISURE LIMITED
 


 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report together with the audited financial statements for Burhill Golf and Leisure Limited for the year ended 31 December 2024. 

Review of the business and key performance indicators
 
The statement of comprehensive income is set out on page 11 and shows the profit for the year. The company continues to use key performance indicators to monitor and measure progress. These include Turnover, Operating Profit, Headcount, Operating Standards, Market Share and Profit Before Tax. 
Turnover
Total turnover of £38.0m increased by £3.4m which is up +9.7% (2023: £34.7m).  
Operating profit
Operating profit of £4.4m increased by £1.0m, which is up +29.3% (2023 - £3.4m). This reflects increased investment in both customer service and product at golf locations.
Headcount
Levels of headcount are continuously monitored against business levels, budgets and prior year. Average headcount for 2024 was 619 compared to 609 in 2023.  This reflects the staffing levels required to provide the appropriate service level to customers. 
Operating Standards and Market Share
The Company consistently monitors operating standards and market share to understand its performance in comparison to competitor businesses.
High levels of operating standards are achieved through ongoing staff training and senior management coaching and supervision. Customer feedback is monitored through use of Net Promoter Score systems and a continuous programme of Mystery Shopper visits. Market share and market positioning are continually monitored on-line via Web based and Social Media feedback and on-line marketing activity. These activities contribute to the achievement of high levels of operating standards and customer service which impact positively on market share.
Profit Before Tax
Profit Before Tax of £4.7m increased by £1.0m which is up +28.2% (2023 - £3.7m) for the reasons indicated above. 

Principal risks and uncertainties
 
In preparing the financial statements the directors have assessed the Company’s ability to continue to trade as a going concern for the foreseeable future. In undertaking this assessment, due consideration has been given to the Company’s banking facilities, historical and current trading trends and forward-looking projections. Detailed cashflow forecasts have been prepared and the directors believe the company is in a strong position to be able to deal with any future economic impacts. There are a range of steps the Company will take to mitigate any operational and financial impacts on the business.
The Directors have reviewed the cash flow forecasts and based on their best assessment believe that the Company has sufficient financing in place to ensure cash flow requirements are satisfied for at least the next twelve months and to the end of 2026.
As such, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

Page 1

 


BURHILL GOLF AND LEISURE LIMITED
 



STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Other principal risks and uncertainties
 
The golf and leisure market in the UK remains very competitive.
Investment in high quality golf operations and excellent customer service will continue to ensure customer retention and yield good financial performance. Ongoing innovation in golf products and various golf industry wide initiatives is expected to continue expansion in golf participation.
Strong financial control systems are in place to minimise the risk of loss. The Chief Financial Officer continuously monitors cash flow as part of the ongoing control procedures and the Chief Executive and the Board are regularly updated on the financial status of the Company.

Directors' statement of compliance with duty to promote the success of the Company
 
Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of key stakeholders in the Company in their decision making. 
Key stakeholders have been identified as shareholders, customers, employees and suppliers.
 
Shareholders: Regular dialogue is maintained with shareholders and their advisers. Issues of significance are communicated to shareholders. A full shareholder briefing is also provided at the Group’s annual general meeting of shareholders.
Customers: Satisfied customers are vital to the future success of the business. There is regular communication with customers on Company initiatives ongoing and activities to provide the highest quality customer experience. Customer feedback is continuously received via web-based polling systems. This feedback is acted upon by senior management to improve customer experience and develop new products to satisfy demand.
Employees: Motivated and satisfied employees are essential to our business. The Company strives to achieve high standards in its dealings with employees. The Company continues to provide comprehensive induction and ongoing training tailored to individual needs via the Group’s on-line training system which has over 1,000 available training modules.
Suppliers: The Company maintains appropriate arms-length trading relationships with quality suppliers and is fully committed to fairness in its dealing with suppliers, including meeting all agreed credit terms.

The Directors continue to act to ensure there is full regard to the long-term interests of both the Company and its key stakeholders. This includes considering the impact of the Company’s activities on the community and the environment, including the promotion of best practice in the Company’s Environmental, Social and Governance plan. In doing this the Directors continue to act fairly and in good faith to protect the reputation of the Company and promote its long terms success.
Key areas to be noted in this regard are:
 
The Directors fully consider the interests of its stakeholders when engaging with them.
Good relations are maintained with the key stakeholders such as shareholders, customers, employees, and suppliers by regular, open and honest communication.
The management structure ensures open and effective engagement with the workforce via the Executive Directors and the Senior Management.
Appropriate anti-corruption and anti-bribery, equal opportunities and whistleblowing procedures and policies are in place.



 

 
Page 2

 


BURHILL GOLF AND LEISURE LIMITED
 



STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Examples of key decisions made by the Directors in the year ended 31 December 2024 acting in the best interests of the Company include:

Identification of future strategies and opportunities in Golf and Leisure.
Supporting the continuous training of front line and support office staff to ensure compliance with the highest possible operating standards.
Supporting high levels of Health and Safety standards and training.
Implementation of a comprehensive Human Resources Information System.
Securing the Group’s sustainability credentials by supporting the development and implementation of its Environmental, Social and Governance plan.
Continuing investment in Golf and Leisure locations to ensure high standards of health and safety combined with excellence in customer experience.
Ongoing financial decisions relating to cashflow management, the efficient use of resources, ongoing capital investment and settlement of obligations with customers and suppliers on a timely basis.

The Directors look forward to the future development of Burhill Group Limited with confidence.


This report was approved by the board and signed on its behalf.



James Conlan FCA
Director
Date: 9 July 2025

Page 3

 


BURHILL GOLF AND LEISURE LIMITED
 


 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report together with the audited financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the directors' report, the strategic report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company and of the profit or loss of the group for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activities and future developments

The company’s principal activity is the provision of golf and leisure facilities. The company owns seven pay and play golf centres, and three membership golf clubs with a total of 22 golf courses, two gym facilities, and 3 outdoor adventure golf locations. 
There have been no changes to the company’s principal activities during the year and the company continues to seek appropriate earnings enhancing opportunities.

Results and dividends

The profit for the year, after taxation, amounted to £3,442,622 (2023 - £2,523,302).

A final dividend of £2,269,400 for the year ended 31 December 2023 was paid on 30 June 2024.
The Directors propose a dividend payment of £1,945,200 for the year ended 31 December 2024 to be paid in June 2025. 

Directors

The directors who served during the year were:

Colin Mayes (resigned 1 April 2025)
James Conlan 
Simon Thompson (appointed 6 December 2024)

Page 4

 


BURHILL GOLF AND LEISURE LIMITED
 


 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Financial instruments

Credit risk
Credit risk arises principally from the company’s trade and other receivables. Management review all debtors for impairment and are comfortable that all un-provided debts are fully recoverable.
Liquidity risk and cash flow risk
Liquidity risk arises from the company's management of working capital and the finance charges and principal repayments on its debt instruments. It is a normal commercial risk that the company could theoretically encounter difficulty in meeting its financial obligations as they fall due. Liquidity and cashflow risk are closely managed through ongoing effective cash management.

Employee involvement

The provision of appropriate information to staff is maintained through regular briefings and other regular communications. Members of the management team regularly visit branches and discuss relevant business issues with members of staff and a programme of regular staff consultative committee meetings is followed.

Disabled employees

The company gives full and fair consideration to applications for employment made by disabled persons and their continuing employment, training and career development, having full regard to their aptitudes and abilities.

Matters covered in the Strategic report

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013, the Strategic Report preceding the Directors Report includes information that would have formerly been included in the engagement with others section of the Directors Report.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Going concern

The financial statements have been prepared on a going concern basis. The Company’s Balance Sheet indicates a net current asset position of £7,521,208 (2023 - £5,866,210). The going concern basis has been supported by a letter of financial support from the parent company, Burhill Group Limited which will continue to provide financial support and resources for the Company to continue trading and meet its liabilities as they fall due for the foreseeable future.
Further details are set out in note 3.4 to the financial statements.

Auditor

The auditors, Menzies LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 5

 


BURHILL GOLF AND LEISURE LIMITED
 


 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

This report was approved by the board and signed on its behalf.
 





James Conlan FCA
Director

Date: 9 July 2025

Page 6

 


BURHILL GOLF AND LEISURE LIMITED
 

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURHILL GOLF AND LEISURE LIMITED

Opinion


We have audited the financial statements of Burhill Golf and Leisure Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 7

 


BURHILL GOLF AND LEISURE LIMITED


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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURHILL GOLF AND LEISURE LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 8

 


BURHILL GOLF AND LEISURE LIMITED


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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURHILL GOLF AND LEISURE LIMITED (CONTINUED)

Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant:
 
The Companies Act 2006;
Financial Reporting Standard 102;
UK employment legislation;
UK health and safety legislation; and
UK tax legislation

We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
We understood how the Company is complying with those legal and regulatory frameworks by making inquiries to management and those responsible for legal and compliance procedures.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. He did not identify any issues in this area.
We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
 
Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
Challenging assumptions and judgements made by management in its significant accounting estimates; and
Identifying and testing journal entries, in particular any journal entries posted outside of the normal working patterns of the accounts team, or with unusual descriptions or account combinations.

As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
The application of inappropriate judgements or estimation to manipulate the financial position in the calculation of the year end provisions;
The posting of unusual journals and complex transactions; or
The use of management override of controls to manipulate results.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
 
Page 9

 


BURHILL GOLF AND LEISURE LIMITED


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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BURHILL GOLF AND LEISURE LIMITED (CONTINUED)

Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Andrew Wooding FCA (Senior statutory auditor)
  
for and on behalf of
Menzies LLP
 
Chartered Accountants
Statutory Auditor
  
4th Floor
95 Gresham Street
London
EC2V 7AB

11 July 2025
Page 10

 


BURHILL GOLF AND LEISURE LIMITED
 


 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

  

Turnover
 5 
38,029,610
34,675,396

Cost of sales
  
(19,873,980)
(18,348,726)

Gross profit
  
18,155,630
16,326,670

Administrative expenses
  
(13,744,109)
(12,910,455)

Other operating income
  
-
(4,789)

Operating profit
 6 
4,411,521
3,411,426

Interest receivable and similar income
 10 
276,289
243,929

Profit before tax
  
4,687,810
3,655,355

Tax on profit
 11 
(1,245,188)
(1,132,053)

Profit for the financial year
  
3,442,622
2,523,302

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 14 to 27 form part of these financial statements.

Page 11

 


BURHILL GOLF AND LEISURE LIMITED
REGISTERED NUMBER:01497205



BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 13 
30,056,338
29,895,878

Investments
 14 
305,909
305,909

  
30,362,247
30,201,787

Current assets
  

Stocks
 15 
1,097,958
1,045,435

Debtors: amounts falling due after more than one year
 16 
3,780,064
3,503,665

Debtors: amounts falling due within one year
 16 
14,617,399
14,214,229

Cash at bank and in hand
 17 
2,308,558
1,162,744

  
21,803,979
19,926,073

Creditors: amounts falling due within one year
 18 
(14,282,771)
(14,059,863)

Net current assets
  
 
 
7,521,208
 
 
5,866,210

Total assets less current liabilities
  
37,883,455
36,067,997

Provisions for liabilities
  

Deferred tax
 19 
(2,381,324)
(1,739,088)

  
 
 
(2,381,324)
 
 
(1,739,088)

Net assets
  
35,502,131
34,328,909


Capital and reserves
  

Called up share capital 
 20 
100
100

Profit and loss account
 21 
35,502,031
34,328,809

  
35,502,131
34,328,909


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




James Conlan
Simon Thompson
Director
Director


Date: 9 July 2025
Date: 9 July 2025

The notes on pages 14 to 27 form part of these financial statements.

Page 12

 


BURHILL GOLF AND LEISURE LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
100
33,426,507
33,426,607


Comprehensive income for the year

Profit for the year
-
2,523,302
2,523,302
Total comprehensive income for the year
-
2,523,302
2,523,302


Contributions by and distributions to owners

Dividends
-
(1,621,000)
(1,621,000)


Total transactions with owners
-
(1,621,000)
(1,621,000)



At 1 January 2024
100
34,328,809
34,328,909


Comprehensive income for the year

Profit for the year
-
3,442,622
3,442,622
Total comprehensive income for the year
-
3,442,622
3,442,622


Contributions by and distributions to owners

Dividends
-
(2,269,400)
(2,269,400)


Total transactions with owners
-
(2,269,400)
(2,269,400)


At 31 December 2024
100
35,502,031
35,502,131


The notes on pages 14 to 27 form part of these financial statements.

Page 13

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Burhill Golf and Leisure Limited is a private company incorporated in England and Wales under the Companies Act. It is a company limited by shares. The address of the registered office is given on the Company Information page and the nature of the Company's operations and its principal activities are set out in the Directors' Report and Strategic Report.


2.


Prior year restatement

During the year, the Company transferred accounting systems. As part of the transfer process, the Director's have reclassified a number of expense categories between cost of sales and administrative expenses to show a more appropriate classification. As a result, the prior year comparatives have also been restated to reflect the classification change. The impact of the reclassification is a decrease in cost of sales by £1,969,647 and a corresponding increase in administrative expenses by the same amount.

3.Accounting policies

 
3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentational and functional currency of these financial statements is GBP. Values are rounded to the nearest pound.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 4).

The following principal accounting policies have been applied:

 
3.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
 
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Burhill Group Limited as at 31 December 2024 and these financial statements may be obtained from Companies House, Cardiff, CF14 3UZ.

 
3.3

Consolidated financial statements

The Company is exempt, under section 400 of the Companies Act 2006 from the requirement to prepare
consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the
consolidated financial statements of its ultimate parent Burhill Group Limited. These financial statements
therefore present information about the Company as an individual undertaking and not about its group.

Page 14

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

 
3.4

Going concern

In preparing the financial statements the Directors are required to assess the Company's ability to continue to trade as a going concern for the foreseeable future.
In undertaking this assessment, the Directors have given due consideration to the Company's banking facilities, historical and current trading, together with the forward-looking projections.
The Directors have reviewed the Company cash flow forecasts and based on their best assessment therefore believe that the Company will have sufficient financing in place to ensure cash flow requirements are satisfied for at least the next twelve months. As such, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. Consequently, the financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

  
3.5

Turnover

Turnover represents the gross receipts for the provision and management of golf and leisure facilities less value added tax. Green fees and related golf and leisure turnover are recognised on the day of sale. Membership fee turnover is recognised over the life of the membership.

 
3.6

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
3.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 15

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

 
3.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
3.9

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 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 replaced 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 assets less their residual value over their estimated useful lives, as shown below.

The estimated useful lives range as follows:

Freehold land and buildings
-
15 to 50 years straight line per annum
Long term leasehold property
-
15 to 50 years straight line per annum
Plant and machinery
-
5 to 20 years straight line per annum

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 Statement of Comprehensive Income.

Page 16

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

  
3.10

Impairment of fixed assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU’s) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
3.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
3.12

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.
 
 
3.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
3.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 17

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

  
3.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

  
3.16

Leased assets

Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the Statement of Comprehensive Income over the shorter of estimated useful economic life and the period of the lease.
Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the Statement of Comprehensive Income over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.
All other leases are treated as operating leases. Their annual rentals are charged to the Statement of Comprehensive Income on a straight line basis over the term of the lease.

 
3.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 18

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.Accounting policies (continued)

 
3.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


4.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, the Directors have had to make the following judgements:
 
Determine whether there are indicators of impairment of the Company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty:
 
Tangible fixed assets (see note 13)

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.


5.


Turnover

An analysis of turnover by class of business is as follows:

2024
2023
£
£

Golf and leisure facilities
38,029,610
34,675,396

38,029,610
34,675,396


All turnover arose within the United Kingdom.


6.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Other operating lease rentals
445,802
351,543

Page 19

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Auditor's remuneration

2024
2023
£
£

Fees payable to the Company's auditor for:

The audit of the Company's annual financial statements
13,750
13,000

Accounts preparation
2,400
2,250

Taxation compliance services
4,250
4,000


8.


Employees

Staff costs were as follows:


As restated
2024
2023
£
£

Wages and salaries
13,622,335
12,157,199

Social security costs
1,052,149
879,009

Cost of defined contribution scheme
313,347
286,427

14,987,831
13,322,635


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Office and management
57
56



Outdoor, leisure and catering staff
562
553

619
609


9.


Directors' remuneration

During the year, no director received any emoluments (2023 - £Nil).


10.


Interest receivable

2024
2023
£
£


Bank and other interest receivable
276,289
243,929

276,289
243,929

Page 20

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
1,215,740
1,164,622

Adjustments in respect of previous periods
(612,788)
(145,696)


602,952
1,018,926


Total current tax
602,952
1,018,926

Deferred tax


Origination and reversal of timing differences
642,236
113,127

Total deferred tax
642,236
113,127


Tax on profit
1,245,188
1,132,053

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 23.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
4,687,810
3,655,355


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)
1,171,953
859,008

Effects of:


Expenses not deductible for tax purposes
4,393
2,553

Capital allowances for year in excess of depreciation
404,767
408,742

Adjustments in respect of prior periods
(612,788)
(145,696)

Adjustments in respect of prior periods (deferred tax)
-
113,127

Other timing difference
(103,552)
(105,681)

Group relief
(6,435)
-

Movement in deferred tax not recognised
386,850
-

Total tax charge for the year
1,245,188
1,132,053

Page 21

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Dividends

2024
2023
£
£


Dividends received at £7.00 per share (2023: £5.00 per share)
2,269,400
1,621,000

2,269,400
1,621,000


13.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Total

£
£
£
£



Cost or valuation


At 1 January 2024
26,892,675
3,314,409
41,112,451
71,319,535


Additions
-
-
3,715,477
3,715,477


Disposals
-
-
(12,185,140)
(12,185,140)



At 31 December 2024

26,892,675
3,314,409
32,642,788
62,849,872



Depreciation


At 1 January 2024
14,616,215
1,565,298
25,242,144
41,423,657


Charge for the year on owned assets
419,326
66,076
3,001,972
3,487,374


Disposals
-
-
(12,117,497)
(12,117,497)



At 31 December 2024

15,035,541
1,631,374
16,126,619
32,793,534



Net book value



At 31 December 2024
11,857,134
1,683,035
16,516,169
30,056,338



At 31 December 2023
12,276,460
1,749,111
15,870,307
29,895,878

Freehold land of £1,250,784 (2023 - £1,250,784) has not been depreciated.
The Company has provided an unlimited guarantee supported by a first legal charge over its freehold land and buildings in respect of a long term loan facility to its parent company, Burhill Group Limited. At 31 December 2024 Burhill Group Limited had drawn down £2m of this facility (2023 - £1m).

Page 22

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2024
305,909



At 31 December 2024
305,909





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Shropshire County Leisure Limited
Golf management
Ordinary
100%

The registered address of the above subsidiary undertakings is Burhill, Walton-On-Thames, Surrey, KT12 4BX.

Page 23

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

15.


Stocks

2024
2023
£
£

Raw materials and consumables
1,097,958
1,045,435

1,097,958
1,045,435



16.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
3,780,064
3,503,665

3,780,064
3,503,665


2024
2023
£
£

Due within one year

Trade debtors
361,323
187,613

Amounts owed by group undertakings
13,655,800
13,543,634

Other debtors
2,133
146,874

Prepayments and accrued income
598,143
336,108

14,617,399
14,214,229


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

Page 24

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

17.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,308,558
1,162,744

2,308,558
1,162,744



18.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
855,938
1,083,123

Amounts owed to group undertakings
6,678,295
6,620,462

Corporation tax
734,038
1,018,392

Other taxation and social security
259,262
241,782

Other creditors
1,420,053
1,281,346

Accruals and deferred income
4,335,185
3,814,758

14,282,771
14,059,863


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


19.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,739,088)
(1,625,961)


Charged to profit or loss
(642,236)
(113,127)



At end of year
(2,381,324)
(1,739,088)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,413,633)
(1,764,596)

Other timing differences
32,309
25,508

(2,381,324)
(1,739,088)


Page 25

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

20.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



21.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments. 


22.


Capital commitments


At 31 December 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
547,803
309,846

547,803
309,846


23.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension charge amounted to £313,347 (2023 - £286,429). There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

Page 26

 


BURHILL GOLF AND LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


24.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
 

2024
2023
£
£

Land and Buildings


Not later than 1 year
195,732
195,721

Later than 1 year and not later than 5 years
373,608
373,586

Later than 5 years
1,365,355
1,452,087

1,934,695
2,021,394




2024
2023
£
£

Plant and machinery


Not later than 1 year
211,273
149,357

Later than 1 year and not later than 5 years
866,036
258,737

1,077,309
408,094


25.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 S.33.1A and not disclosed transactions with other wholly owned companies of the Group headed by Burhill Group Limited, as the Company is itself a wholly owned subsidiary of Burhill Group Limited.
Companies under common ownership
There are balances owed from related parties whose shareholders are common to Burhill Group Limited, the ultimate parent company. The balances remain unpaid at the year end and are included in debtors due more than one year. During the year interest of £276,249 (2023 - £242,261) has accrued on these loans.


26.


Controlling party

The Company is a subsidiary of Burhill Group Limited, which is the ultimate parent company.
The largest group in which the results of the Company are consolidated is that headed by Burhill Group Limited. The consolidated accounts of this Company are available to the public at Companies House, Cardiff, CF14 3UZ. No other group accounts include the results of the Company.
There is no ultimate controlling party.

 
Page 27