REGISTERED NUMBER: 04824515 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FINEMOSS LIMITED

T/A

ROOKWOOD GOLF COURSE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E P Blacker

L J Blacker

REGISTERED OFFICE:

Slinfold Golf & Country Club

Stane Street

Slinfold

Horsham

West Sussex

RH13 0RE

REGISTERED NUMBER:

04824515 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

86,194

95,441

CURRENT ASSETS

Stocks

9,829

10,449

Debtors: amounts falling due within one year

5

102,807

658,688

Debtors: amounts falling due after more than one year

5

397,124

-

Cash at bank

30,052

13,363

539,812

682,500

CREDITORS

Amounts falling due within one year

6

450,716

1,049,997

NET CURRENT ASSETS/(LIABILITIES)

89,096

(367,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

175,290

(272,056

)

PROVISIONS FOR LIABILITIES

8

-

16,800

NET ASSETS/(LIABILITIES)

175,290

(288,856

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

175,190

(288,956

)

175,290

(288,856

)

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 29 September 2025 and were signed on its behalf by:

E P Blacker - Director

L J Blacker - Director

1.	STATUTORY INFORMATION

Finemoss 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.

The company meets its working capital requirements with funding from group members and there is no expectation that this funding will be withdrawn in the foreseeable future.

Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance from the rendering of services and sale of goods. Revenue is measured at fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

The following criteria must also be met before revenue is recognised:

Membership income is accounted for on a time basis. Such income and deposits received relating to future accounting periods is treated as a creditor and recorded as turnover in the period to which it relates.

Green fees, bar and restaurant income, and other income is recognised at the time the goods are sold or the service is delivered.

Tangible fixed assets

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Course and buildings improvements

-

20% reducing balance

Plant and machinery

-

20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss if any.

Stocks

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

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Leasing commitments

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Employees and retirement benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged as an expense as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Course and

building

Plant and

improvements

machinery

Totals

£

£

£

COST

At 1 January 2024

58,351

358,065

416,416

Additions

375

10,470

10,845

At 31 December 2024

58,726

368,535

427,261

DEPRECIATION

At 1 January 2024

38,788

282,187

320,975

Charge for year

3,925

16,167

20,092

At 31 December 2024

42,713

298,354

341,067

NET BOOK VALUE

At 31 December 2024

16,013

70,181

86,194

At 31 December 2023

19,563

75,878

95,441

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

10,912

9,847

Amounts owed by group undertakings

-

540,181

Other debtors

91,895

108,660

102,807

658,688

Amounts falling due after more than one year:

Other debtors

397,124

-

Aggregate amounts

499,931

658,688

Other debtors falling due within one year includes a deferred tax asset of £48,602 (2023: £67,500).

Other debtors falling due after more than one year relate to a deferred tax asset.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

58,585

56,611

Amounts owed to group undertakings

277,526

891,672

Taxation and social security

65,051

57,512

Other creditors

49,554

44,202

450,716

1,049,997

7.	LEASING AGREEMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £68,750 (2023: £123,750).

8.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

16,800

Deferred tax

£

Balance at 1 January 2024

16,800

Provided during year

(395,026

)

Reallocation of

(67,500

)

deferred tax asset

Balance at 31 December 2024

(445,726

)

The deferred tax asset carried forward is comprised of the impact of unused tax losses of £461,355, other temporary timing differences of £122, and offset by accelerated capital allowances of £15,751.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

10.	PENSION COMMITMENTS

At the balance sheet date the company had an outstanding pension contributions liability of £1,300 (2023 - £1,053).

11.	OTHER FINANCIAL COMMITMENTS

The company has given a debenture over all its assets to support a loan obtained by a fellow group undertaking. There is also a cross guarantee between this company, Ensign Leisure Limited and British Ensign Golf Limited.

12.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is British Ensign Golf Limited, a company controlled by its directors with no one party having ultimate control.

British Ensign Golf Limited prepares consolidated financial statements and copies can be obtained from Companies House. The registered office of British Ensign Golf Limited is Slinfold Golf & Country Club, Stane Street, Slinfold, Horsham, West Sussex, RH13 0RE.