REGISTERED NUMBER: 11697910 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cuckfield Golf Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P V Smyth

H Smyth

N J Smyth

REGISTERED OFFICE:

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

REGISTERED NUMBER:

11697910 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Intangible assets

4

30,000

40,000

Tangible assets

5

1,928,201

1,904,012

1,958,201

1,944,012

CURRENT ASSETS

Stocks

25,245

22,745

Debtors

6

20,912

19,844

Cash at bank

11,457

28,297

57,614

70,886

CREDITORS

Amounts falling due within one year

7

237,426

293,987

NET CURRENT LIABILITIES

(179,812

)

(223,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,778,389

1,720,911

CREDITORS

Amounts falling due after more than one year

8

(1,615,788

)

(1,628,117

)

PROVISIONS FOR LIABILITIES

(22,997

)

(1,462

)

NET ASSETS

139,604

91,332

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

138,604

90,332

SHAREHOLDERS' FUNDS

139,604

91,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 20 June 2025 and were signed on its behalf by:

N J Smyth - Director

1.	STATUTORY INFORMATION

Cuckfield Golf Centre 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Golf equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

100,000

AMORTISATION

At 1 April 2024

60,000

Charge for year

10,000

At 31 March 2025

70,000

NET BOOK VALUE

At 31 March 2025

30,000

At 31 March 2024

40,000

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Golf

property

property

equipment

£

£

£

COST

At 1 April 2024

1,010,181

764,708

8,855

Additions

-

-

30,206

At 31 March 2025

1,010,181

764,708

39,061

DEPRECIATION

At 1 April 2024

-

-

6,201

Charge for year

-

-

531

At 31 March 2025

-

-

6,732

NET BOOK VALUE

At 31 March 2025

1,010,181

764,708

32,329

At 31 March 2024

1,010,181

764,708

2,654

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

177,840

9,934

1,971,518

Additions

20,011

-

50,217

At 31 March 2025

197,851

9,934

2,021,735

DEPRECIATION

At 1 April 2024

55,436

5,869

67,506

Charge for year

24,481

1,016

26,028

At 31 March 2025

79,917

6,885

93,534

NET BOOK VALUE

At 31 March 2025

117,934

3,049

1,928,201

At 31 March 2024

122,404

4,065

1,904,012

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,675

16,754

Other debtors

2,237

3,090

20,912

19,844

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,812

10,979

Trade creditors

90,712

82,178

Social security and other taxes

8,182

53,085

VAT

92,451

111,848

Other creditors

29,785

21,199

Deferred income

10,484

14,698

237,426

293,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

-

8,121

Amounts owed to associates

585,043

585,043

Directors' loan accounts

1,030,745

1,034,953

1,615,788

1,628,117

9.	RELATED PARTY DISCLOSURES

As at 31st March 2025 the company owed KPS Business Park Limited £ 585,043 (2024 £ 585,043).

Mr P Smyth and Mrs H Smyth have complete ownership of KPS Business Park Limited and Cuckfield Golf Centre Limited.