EDEN GOLF CENTRE LIMITED


Directors	WANNOP, Alistair George Milne
	WANNOP, Julie Christine
	WANNOP, Margot Shaw


Company Secretary	WANNOP, Julie Christine


Registered Address	Eden Golf Course
	Crosby On Eden
	Carlisle
	CA6 4RA


Registered Number	03609834 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Going concern
	These accounts have been prepared on the going concern basis despite the fact that total liabilities exceed total assets by £565,825 (2023 - £501,836). The company is dependent upon the support of the bank and the directors. The directors believe that the going concern basis continues to be appropriate.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	5	-
Fixtures and fittings	15	-
Vehicles	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	10		10

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	1	1
At 31 December 24	1	1
Net book value
At 31 December 24	1	1
At 31 December 23	1	1

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	1,226,273	29,996	5,322	1,261,591
Additions	1,619	22,255	-	23,874
At 31 December 24	1,227,892	52,251	5,322	1,285,465
Depreciation and impairment
At 01 January 24	375,820	3,628	4,683	384,131
Charge for year	17,482	1,939	590	20,011
At 31 December 24	393,302	5,567	5,273	404,142
Net book value
At 31 December 24	834,590	46,684	49	881,323
At 31 December 23	850,453	26,368	639	877,460

5.	Stocks

	2024	2023
	£	£
Finished goods	7,915	8,637
Total	7,915	8,637

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	960
Other debtors	111,823	94,628
Prepayments and accrued income	11,948	19,425
Total	123,771	115,013

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	18,934	23,280
Bank borrowings and overdrafts	2,066	-
Amounts owed to related parties	1,386,147	-
Taxation and social security	6,626	6,497
Finance lease and HP contracts	9,600	3,051
Other creditors	-	1,335,662
Accrued liabilities and deferred income	139,469	157,031
Total	1,562,842	1,525,521


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank loan and overdraft are secured upon property personally owned by the directors as well as by a floating charge over the company's assets. The net obligations under hire purchase contracts are secured by the company on the assets to which the agreement relate.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

The bank loan and overdraft are secured upon property personally owned by the directors as well as by a floating charge over the company's assets.

The net obligations under hire purchase contracts are secured by the company on the assets to which the agreement relate.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	16,601	7,273
Total	16,601	7,273


	Finance lease and HP contracts equal to £16,601 (2023 - £7,273) are included within other creditors and are secured against the assets to which they relate.

9.	Secured creditors
	The net obligations under hire purchase contracts are secured by the company on the assets to which the agreements relate.

10.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	26,200		10,323

11.	Provisions for liabilities
	The provision for deferred tax is made up of £11,684 in respect of accelerated capital allowances less £99,523 in respect of losses.

12.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £Nil (2023- £1,056) were due to the fund. They are included in other creditors.

13.	Operating lease commitments
	At 31 December 2024 the company had future minimum lease payments under non-cancellable operating leases of £14,025 (2023 - £26,867).

14.	Related party transactions
	At 1 January 2024 the company owed the directors £454. During the year the company received advances of £270,275 and made repayments of £270,729. At 31 December 2024 the director owed the company £Nil.

15.	Parent-subsidiary relationships
	Eden Golf Centre Limited is a wholly owned subsidiary of Linstock Castle Estates Limited. The registered office of Linstock Castle Estates Limited is Linstock Castle, Linstock, Carlisle, Cumbria, CA6 4PZ. As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		1		1
Tangible assets	4		881,323		877,460
			881,324		877,461
Current assets
Stocks	5	7,915		8,637
Debtors	6	123,771		115,013
Cash at bank and on hand		607		29,847
		132,293		153,497
Creditors amounts falling due within one year	7	(1,562,842)		(1,525,521)
Net current assets (liabilities)			(1,430,549)		(1,372,024)
Total assets less current liabilities			(549,225)		(494,563)
Creditors amounts falling due after one year	8		(16,601)		(7,273)
Net assets			(565,826)		(501,836)
Capital and reserves
Called up share capital			4		4
Profit and loss account			(565,830)		(501,840)
Shareholders' funds			(565,826)		(501,836)