LEADERBOARD GOLF COURSES (ANACONDA) LIMITED
REGISTERED NUMBER:03631638
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 4 form part of these financial statements.
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LEADERBOARD GOLF COURSES (ANACONDA) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Leaderboard Golf Courses (Anaconda) Limited is a private company, limited by shares, domiciled and incorporated in England and Wales.
The address of its registered office and place of business is Sandford Springs, Wolverton, Tadley, Hampshire, RG26 5RT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 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.
Monetary amounts in these financial statements are stated in pounds sterling are are rounded to the nearest whole £1, except where otherwise indicated.
The following principal accounting policies have been applied:
The company does not trade, but the directors intend to use the company for future property purchases. Therefore, the financial statements have been prepared on the going concern basis.
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.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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 and loans to and from related parties.
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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LEADERBOARD GOLF COURSES (ANACONDA) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company has estimated losses of £1,234,216 (2023: £1,229,186) available to carry forward against future trading profits. In addition to these trading losses, the Company has estimated capital losses of £2,934,304 (2023: £2,934,304) to carry forward against future capital gains.
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The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Financial commitments and guarantee
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A facility exists, dated 06 April 2018, in favour of the company's banker, which gives a cross guarantee to bank borrowings of group companies. The parties to the guarantee are Leaderboard Golf Holdings Limited, Dale Hill Hotel & Golf Limited, Leaderboard Golf Courses (Oxfordshire) Limited, Leaderboard Golf Courses (Sandford Springs) Limited, Leaderboard Golf Courses (Dale Hill) Limited, Leaderboard Golf Courses (Anaconda) Limited, The Oxfordshire Golf Club Limited, Sandford Springs Limited. As at the balance sheet date there were no bank borrowings by any of the aforementioned companies.
The ultimate controlling party is P. Gibbons, a director of the company, by virtue of his 100% shareholding and directorship of the parent company, Leaderboard Golf Holdings Limited, a company registered in the United Kingdom.
Leaderboard Golf Holdings Limited prepares group financial statements and copies can be obtained from Companies House, Cardiff, CF4 3UZ.
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