|
Key Category Members
|
2024
|
2023
|
|
|
Championship golf course
|
649
|
740
|
|
|
Health and fitness
|
1,635
|
1,566
|
|
Key Financial Metrics
|
2024
|
2023
|
|
|
£
|
£
|
||
|
Turnover
|
4,320,130
|
3,994,013
|
|
|
Operating profit
|
307,356
|
182,268
|
|
Director
|
|
16 July 2025
|
|
|
|
|
|
|
|
|
|
|
|
Director
|
|
|
|
for and on behalf of
|
|
|
|
First Floor, Sterling House
Outrams Wharf
Little Eaton
Derby
DE21 5EL
|
| 2024 | 2023 as restated |
|||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 3 |
|
|
|
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT | 5 |
|
|
|
| Profit on disposal of fixed assets |
|
|
||
| Interest payable and similar charges | 10 |
( |
( |
|
| PROFIT/(LOSS) BEFORE TAXATION |
|
( |
||
| Tax on Profit/(loss) | 11 |
( |
|
|
| PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
|
( |
||
| 2024 | 2023 as restated |
|||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
( |
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
( |
||
| 2024 | 2023 as restated |
||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 13 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks | 14 |
|
|
||
| Debtors | 15 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 16 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 17 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 21 |
|
|
||
| Share premium account |
|
|
|||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 1,460,188 | 1,456,111 | |||
|
Director
|
|
|
| Share Capital | Share Premium | Profit and Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 July 2022 |
|
|
|
1,467,857 |
| Loss for the year and total comprehensive income | - | - |
( |
(11,746) |
| As at 30 June 2023 and 1 July 2023 as restated |
|
|
|
1,456,111 |
| Profit for the year and total comprehensive income | - | - |
|
4,077 |
| As at 30 June 2024 |
|
|
|
1,460,188 |
| 2024 | 2023 as restated |
|||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from/(used in) operations | 1 |
|
( |
|
| Net cash generated from/(used in) operating activities |
|
( |
||
| Cash flows from investing activities | ||||
| Purchase of tangible assets |
( |
( |
||
| Proceeds from disposal of tangible assets |
|
|
||
| Net cash used in investing activities |
( |
( |
||
| Cash flows from financing activities | ||||
| Proceeds from new bank borrowings |
|
|
||
| Repayment of bank borrowings |
( |
( |
||
| Repayment of finance leases |
( |
( |
||
| Interest paid on Investing activities | (239,029) | (236,391) | ||
| Net cash (used in)/generated from financing activities |
( |
|
||
| Increase in cash and cash equivalents |
|
|
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
|
| Cash and cash equivalents at end of year | 2 |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Profit/(loss) for the financial year |
|
( |
|
| Adjustments for: | |||
| Tax on profit/(loss) |
|
( |
|
| Interest expense |
|
|
|
| Depreciation of tangible assets |
|
|
|
| Profit on disposal of tangible assets | (5,615) | - | |
| Movements in working capital: | |||
| Decrease/(increase) in stocks |
|
( |
|
| Increase in trade and other debtors |
( |
( |
|
| Increase/(decrease) in trade and other creditors |
|
( |
|
| Net cash generated from/(used in) operations |
|
( |
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 July 2023 | Cash flows | As at 30 June 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
91,124 |
|
| Finance leases | (336,555) | 6,651 | (329,904) |
| Debts falling due within one year |
( |
19,752 |
( |
| Debts falling due after more than one year | (2,320,970) | (166,640) | (2,487,610) |
| (2,617,294) | (49,113) | (2,666,407) | |
| Freehold Land |
|
| Leasehold |
|
| Plant & Machinery |
|
| Fixtures & Fittings |
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| United Kingdom |
|
|
|
| 4,320,130 | 2,400,427 | ||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Rental income |
|
|
|
| 16,296 | 31,904 | ||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 543 | - | |
| Depreciation of tangible fixed assets |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| Other Services | |||
| Other non-audit services |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
|
| Company contributions to money purchase pension schemes |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| Money purchase pension schemes |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Finance charges payable under finance leases and hire purchase contracts | 25,013 | 18,298 | |
| Other finance charges |
|
|
|
| 239,029 | 236,391 | ||
|
The tax charge/(credit) on the profit/(loss) for the year was as follows:
|
|||||
| Tax Rate | 2024 | 2023 as restated |
|||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Deferred Tax | |||||
| Deferred taxation |
|
( |
|||
| Changes in tax rates |
|
( |
|||
| 52,700 | (46,812) | ||||
| Total tax charge for the period |
|
( |
|||
|
The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 56,777 | (58,558) | |||
| Tax on profit at 25% (UK standard rate) |
|
( |
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Short term timing differences |
|
( |
|||
| Difference in tax rates |
|
( |
|||
| Total tax charge for the period | 52,700 | (46,812) | |||
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold Land | Leasehold | Plant & Machinery | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 July 2023 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
|
( |
|
( |
| As at 30 June 2024 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 July 2023 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
|
( |
|
( |
| As at 30 June 2024 |
|
|
|
|
|
| Net Book Value | |||||
| As at 30 June 2024 |
|
|
|
|
|
| As at 1 July 2023 |
|
|
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Plant & Machinery |
|
|
|
| Fixtures & Fittings |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts owed by group undertakings | 509,210 | 409,210 | |
| Other debtors | 228,503 | 253,469 | |
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other creditors | 231,919 | 191,165 | |
| Taxation and social security | 305,973 | 332,964 | |
| Accruals and deferred income | 890,084 | 912,315 | |
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
|
|
|
| Bank loans |
|
|
|
|
|
|
||
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 2,647,983 | 2,501,095 |
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due after more than five years: | |||
| Bank loans |
|
|
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
| Less: Finance charges allocated to future periods |
|
|
|
|
|
|
||
|
2024
|
||
|
£
|
||
|
At beginning of year
|
(143,098)
|
|
|
Charged to profit or loss
|
52,700
|
|
|
(90,398)
|
|
2024
|
||
|
£
|
||
|
Accelerated Capital Allowances
|
237,522
|
|
|
Tax losses carried forward and other deductions
|
(327,920)
|
|
|
|
||
|
(90,398)
|
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Financial assets | |||
| Financial assets measured at fair value through profit and loss | 856,549 | 667,972 | |
| Financial liabilities | |||
| Financial liabilities measured at fair value through profit and loss | 484,665 | 472,957 | |
| Financial liabilities measured at amortised cost | 2,977,887 | 2,837,650 | |
| 2024 | 2023 as restated |
||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||
Nuvo Accountancy Limited
A company where Stephen Sharp is a Director and Shareholder.
During the year Nuvo Accountancy Limited provided Accounting and Business Advisory services totalling £24,564 (2023 - £16,972) with a Trade Creditor at 30th June 2024 of £13,986 (2023 - £9,164). Nuvo Accountancy Limited also purchased Event Hospitality during the year totalling £6,099 (2023 - £5,513) with a Trade Debtor at 30th June 2024 of £nil (2023 - £nil).
Stran Limited
A company where Francesca Sharp is a Director and Shareholder.
During the year Stran Limited provided HR Consultancy totalling £20,048 (2023 - £18,450) with no Trade Creditor at 30th June 2024 (2023 - £nil).
The Old Forge Day Nursery Limited
A company where Abby Litting and Marcus Litting are Directors and Shareholders.
At the 30th June 2024 Branston Golf & Country Club Limited owed the Old Forge Day Nursery £170,000 (2023 - £121,088) from none-interest bearing loans which was paid in full on 9th September 2024. At 30th June 2024 a balance of £18,580 (2023 - £28,643) remained due to The Old Forge Day Nursery Limited from a £50,000 loan made in 2021 which bears interest at 1.8%, with annual repayments of £10,980 and repayable by 31st May 2026.