REGISTERED NUMBER: 01786118 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

E P Wigglesworth & Sons Limited

Trading as

Staining Lodge Golf Course

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr EP Wigglesworth

Mrs AJ Wigglesworth

Mr E J O Cobain

Mrs L J Cobain

SECRETARY:

Mrs AJ Wigglesworth

REGISTERED OFFICE:

Dover Lodge Farm

Chain Lane

Staining

Blackpool

Lancashire

FY3 0DE

REGISTERED NUMBER:

01786118 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Tangible assets

4

2,717,254

2,545,662

CURRENT ASSETS

Stocks

14,518

14,440

Debtors

5

23,488

28,070

Cash at bank and in hand

125,092

4,418

163,098

46,928

CREDITORS

Amounts falling due within one year

6

735,246

641,716

NET CURRENT LIABILITIES

(572,148

)

(594,788

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,145,106

1,950,874

CREDITORS

Amounts falling due after more than one year

7

(929,422

)

(1,014,917

)

PROVISIONS FOR LIABILITIES

(64,503

)

(60,382

)

NET ASSETS

1,151,181

875,575

CAPITAL AND RESERVES

Called up share capital

2,600

2,600

Share premium

304,338

304,338

Revaluation reserve

9

63,962

63,962

Retained earnings

780,281

504,675

SHAREHOLDERS' FUNDS

1,151,181

875,575

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th September 2025 and were signed on its behalf by:

Mr EP Wigglesworth - Director

Mrs AJ Wigglesworth - Director

Mr E J O Cobain - Director

Mrs L J Cobain - Director

1.	STATUTORY INFORMATION

E P Wigglesworth & Sons 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Freehold property

-

not provided

Expenditure on golf course

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

No depreciation is provided on freehold land and buildings due to a long useful economic life and high residual value. Although this accounting policy is a departure from the general requirement of the companies Act 2006 for all tangible assets to be depreciated; it is in accordance with FRS 15 (Tangible fixed assets) as the carrying amount has been reviewed for impairments in accordance with FRS 11 and impaired where necessary for the financial statements to give a true and fair view.

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 38 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Expenditure

Freehold

on golf

Plant and

Motor

property

course

machinery

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1st April 2024

486,974

2,020,045

517,427

1

3,024,447

Additions

-

-

82,618

-

82,618

Disposals

-

-

(128,081

)

-

(128,081

)

Revaluations

170,000

-

-

-

170,000

At 31st March 2025

656,974

2,020,045

471,964

1

3,148,984

DEPRECIATION

At 1st April 2024

6,974

210,803

261,007

1

478,785

Charge for year

-

-

45,531

-

45,531

Eliminated on disposal

-

-

(92,586

)

-

(92,586

)

At 31st March 2025

6,974

210,803

213,952

1

431,730

NET BOOK VALUE

At 31st March 2025

650,000

1,809,242

258,012

-

2,717,254

At 31st March 2024

480,000

1,809,242

256,420

-

2,545,662

Included in cost or valuation of land and buildings is freehold land of £ 650,000 (2024 - £ 388,996 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

23,488

28,070

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

101,926

114,582

Hire purchase contracts

5,000

4,200

Trade creditors

56,919

38,017

Taxation and social security

122,709

78,834

Other creditors

448,692

406,083

735,246

641,716

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

909,422

1,014,917

Hire purchase contracts

20,000

-

929,422

1,014,917

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years

329,791

636,356

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,011,348

1,109,557

Hire purchase contracts

25,000

4,200

1,036,348

1,113,757

9.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

63,962

10.	RELATED PARTY DISCLOSURES

At the year end, the company owed £xxx (2024: £203,977 to the directors. Interest of 2% has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.