Company registration number 05074655 (England and Wales)
BENTLEY GOLF HOLDINGS PLC
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
BENTLEY GOLF HOLDINGS PLC
COMPANY INFORMATION
Directors
Mr D King
Mr A Brown
Mr N Mcaree
(Appointed 8 October 2024)
Mr A Levett
(Appointed 11 February 2025)
Mr C Green
(Appointed 12 April 2025)
Secretary
Mr C Green
Company number
05074655
Registered office
Bentley Golf Club
Ongar Road
Brentwood
Essex
CM15 9SS
Auditor
Berkeley Townsend
Hunter House
150 Hutton Road
Shenfield
Essex
CM15 8NL
BENTLEY GOLF HOLDINGS PLC
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Directors' responsibilities statement
4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Statement of financial position
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 22
BENTLEY GOLF HOLDINGS PLC
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the strategic report for the year ended 30 April 2025.

Review of the business

The company has limited income itself, mainly share transaction fees. The overall net loss is £713 (2024 profit of £16,708).

The group has continued with its programme of course improvement and capital investment which has helped to maintain the high standards expected for a club of this stature, ensuring membership numbers are maintained at an acceptable level.

Based on the group as a whole, the directors are satisfied with the results for the year.

Principal risks and uncertainties

The company is managed by its directors who determine its business strategy and risk appetite. They are also responsible for establishing and maintaining the company’s governance arrangements along with designing and implementing a risk management framework that recognises the risks that the business faces.

The directors also determine how the risk the business faces may be mitigated and assess on an ongoing basis the arrangement to manage those risks. The directors meet on a regular basis and discuss current projections for profitability, cash flow, business planning and risk management. The directors manage the company’s business risk through a framework of policy and procedures having regard to relevant laws, standards, principles and rules with the aim to operate a defined and transparent risk management framework. These policies and procedures are updated as required.

The directors have identified that business, operational, market and credit risks are the main areas of risk to which the firm is exposed. Annually the directors formally review their risks, controls and other risk mitigation arrangements and assess their effectiveness. Where the directors identify material risks, they consider the financial impact of these risks as part of their business planning and capital management.

Key performance indicators

The directors carry out a regular analysis of KPIs, which form part of the management information that the company gathers so that the business risks can be identified. Those KPIs that relate to cash flow generation are used by the directors to enable the group to meet loan repayment obligations and capital investment targets.

On behalf of the board

Mr D King
Director
26 September 2025
BENTLEY GOLF HOLDINGS PLC
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company continued to be that of the leasing of golf facilities.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms C Bassett
(Resigned 8 October 2024)
Mr D King
Mr M Fenton
(Resigned 8 October 2024)
Mr A Brown
Mr R Porter
(Resigned 31 March 2025)
Mr N Mcaree
(Appointed 8 October 2024)
Mr A Levett
(Appointed 11 February 2025)
Mr C Green
(Appointed 12 April 2025)
Directors' insurance

The company has purchased and maintained throughout the year directors' and officers' liability insurance in respect of itself and its directors.

Financial instruments
Liquidity risk

The company manages its cash and borrowing requirements in order to maximise interest income and minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business.

Interest rate risk

The company is exposed to fair value interest rate risk on its fixed rate borrowings and cash flow interest rate risk on floating rate deposits, bank overdrafts and loans.

Credit risk

Investments of cash surpluses, borrowings and derivative instruments are made through banks and companies which must fulfil credit rating criteria approved by the Board.

Auditor

In accordance with the company's articles, a resolution proposing that Berkeley Townsend be reappointed as auditor of the company will be put at a General Meeting.

BENTLEY GOLF HOLDINGS PLC
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
Energy and carbon report

As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr D King
Director
26 September 2025
BENTLEY GOLF HOLDINGS PLC
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BENTLEY GOLF HOLDINGS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BENTLEY GOLF HOLDINGS PLC
- 5 -
Opinion

We have audited the financial statements of Bentley Golf Holdings Plc (the 'company') for the year ended 30 April 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BENTLEY GOLF HOLDINGS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BENTLEY GOLF HOLDINGS PLC (CONTINUED)
- 6 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

BENTLEY GOLF HOLDINGS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BENTLEY GOLF HOLDINGS PLC (CONTINUED)
- 7 -

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

•we identified the laws and regulations applicable to the company through discussions with directors and other management;

•we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including relevant legislation such as the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

•we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

•identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

•considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

To address the risk of fraud through management bias and override of controls, we:

•performed analytical procedures to identify any unusual or unexpected relationships;

•tested journal entries to identify unusual transactions;

•assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

•investigated the rationale behind significant or unusual transactions; and

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•agreeing financial statement disclosures to underlying supporting documentation;

•reading the minutes of meetings of those charged with governance;

•enquiring of management as to actual and potential litigation and claims;

•reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

BENTLEY GOLF HOLDINGS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BENTLEY GOLF HOLDINGS PLC (CONTINUED)
- 8 -
Lee Ogden (Senior Statutory Auditor)
For and on behalf of Berkeley Townsend, Statutory Auditor
Chartered Accountants
Hunter House
150 Hutton Road
Shenfield
Essex
CM15 8NL
26 September 2025
BENTLEY GOLF HOLDINGS PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
2025
2024
Notes
£
£
Turnover
-
-
Administrative expenses
(3,909)
(3,674)
Other operating income
300
545
Operating loss
(3,609)
(3,129)
Amounts written on / (off) investments
5
2,896
19,837
(Loss)/profit before taxation
(713)
16,708
Tax on (loss)/profit
6
-
0
-
0
(Loss)/profit for the financial year
(713)
16,708

The income statement has been prepared on the basis that all operations are continuing operations.

BENTLEY GOLF HOLDINGS PLC
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2025
30 April 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
8
1,405,640
1,402,744
Current assets
Debtors
10
548,019
555,841
Cash at bank and in hand
9,062
2,684
557,081
558,525
Creditors: amounts falling due within one year
11
(6,888)
(4,723)
Net current assets
550,193
553,802
Net assets
1,955,833
1,956,546
Capital and reserves
Called up share capital
14
2,330,911
2,330,911
Profit and loss reserves
15
(375,078)
(374,365)
Total equity
1,955,833
1,956,546
The financial statements were approved by the board of directors and authorised for issue on 26 September 2025 and are signed on its behalf by:
Mr D King
Mr A Brown
Director
Director
Company registration number 05074655 (England and Wales)
BENTLEY GOLF HOLDINGS PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2023
2,330,803
(391,073)
1,939,730
Year ended 30 April 2024:
Profit and total comprehensive income
-
16,708
16,708
Issue of share capital
14
108
-
108
Balance at 30 April 2024
2,330,911
(374,365)
1,956,546
Year ended 30 April 2025:
Loss and total comprehensive income
-
(713)
(713)
Balance at 30 April 2025
2,330,911
(375,078)
1,955,833
BENTLEY GOLF HOLDINGS PLC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
20
6,378
(5,900)
Financing activities
Proceeds from issue of shares
-
0
108
Net cash generated from financing activities
-
108
Net increase/(decrease) in cash and cash equivalents
6,378
(5,792)
Cash and cash equivalents at beginning of year
2,684
8,476
Cash and cash equivalents at end of year
9,062
2,684
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
1
Accounting policies
Company information

Bentley Golf Holdings Plc is a public company limited by shares incorporated in England and Wales. The registered office is Bentley Golf Club, Ongar Road, Brentwood, Essex, CM15 9SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 14 -
1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 15 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 16 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 17 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
1,400
1,250
For other services
Taxation compliance services
200
200
All other non-audit services
2,675
2,625
2,875
2,825
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
5
5
5
Amounts written on / (off) investments
2025
2024
£
£
Other gains and losses
2,896
19,837
6
Taxation
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
6
Taxation
(Continued)
- 18 -

The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
(Loss)/profit before taxation
(713)
16,708
Expected tax charge based on the standard rate of corporation tax in the UK of 0% (2024: 25.00%)
-
0
4,177
Unutilised tax losses carried forward
-
0
782
Effect of revaluations of investments
-
0
(4,959)
Taxation charge for the year
-
-
7
Impairments

The impairment losses in respect of financial assets are recognised in other gains and losses in the income statement.

Reversals of previous impairment losses have been recognised in profit or loss as follows:

2025
2024
Notes
£
£
In respect of:
Fixed asset investments
8
2,896
19,837
Recognised in:
Amounts written off investments
2,896
19,837
8
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
9
1,405,640
1,402,744
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
8
Fixed asset investments
(Continued)
- 19 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2024
1,402,744
Valuation changes
2,896
At 30 April 2025
1,405,640
Carrying amount
At 30 April 2025
1,405,640
At 30 April 2024
1,402,744
9
Subsidiaries

These financial statements are separate company financial statements for Bentley Golf Holding Plc. The group meets the criteria of an ineligible group for consolidated accounts purposes and so consolidated accounts are not prepared.

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Bentley Golf and Country Club Ltd
England
Leasing of golf facilities
Ordinary
0
100.00
Bentley Golf 2004 Ltd
England
Intermediate holding company
Ordinary
100.00
-
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
548,019
555,841
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 20 -
11
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
3,488
1,474
Accruals and deferred income
3,400
3,249
6,888
4,723
12
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
(4,826)
(5,265)
In two to five years
(4,388)
(9,652)
(9,214)
(14,917)

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is five years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

13
Deferred taxation

A d eferred tax asset is not recognised in respect of trading losses of £19,828 (2024 £18,926) as it is not probable that they will be recovered against the reversal of deferred tax liabilities or taxable profits for the forseeable future.

A deferred tax asset is not recognised in respect of the net write down of the fixed asset investment of £73,927 (2024 £74,651) as it is not probable that it will be recoverable for the forseeable future.

14
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2,330,910 Ordinary shares of £1 each
2,330,911
2,330,911
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 21 -
15
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
(374,365)
(391,073)
Adjusted balance
(374,365)
(391,073)
(Loss)/profit for the year
(713)
16,708
At the end of the year
(375,078)
(374,365)
16
Financial commitments, guarantees and contingent liabilities

The company has guaranteed certain bank borrowings with National Westminster Bank Plc. The guarantee is supported by a debenture.

17
Operating lease commitments

Operating lease payments represent rentals payable by the company for a vehicle. The operating lease was committed to until July 2024 and extended to the end of the financial year. The arrangement has now ended.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
-
0
464
18
Events after the reporting date

Bentley Golf Holdings Plc (the parent company of Bentley Golf and Country Club Ltd) are still improving the irrigation system. The costs are ongoing and this project is being financed partly from the profit on sale of the Greenkeepers’ old compound and a Natwest Loan. The loan amount is £250,000 plus interest over 20 years.

19
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Other information
BENTLEY GOLF HOLDINGS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
19
Related party transactions
(Continued)
- 22 -

Bentley Golf and Country Club Ltd incurred costs of £8,875 in 2025 (2024 £9,029) for the operating and finance leasing of a vehicle and equipment. The lease agreements are in the name of Bentley Golf Holdings Plc, who are the ultimate parent company of Bentley Golf and Country Club Ltd. The amounts are recharged through an inter company loan account. Bentley Golf and Country Club Ltd owes Bentley Golf Holdings Plc £548,019 at the balance sheet date.

Bentley Golf Holdings Plc has an investment in Bentley Golf 2004 Ltd (previously known as Vivers Farm Ltd) and Bentley Golf and Country Club Ltd of £1,405,640 at the balance sheet date. Bentley Golf 2004 Ltd is a 100% owned subsidiary and Bentley Golf and Country Club Ltd is a 100% owned subsidiary Bentley Golf 2004 Ltd .

20
Cash generated from/(absorbed by) operations
2025
2024
£
£
(Loss)/profit after taxation
(713)
16,708
Adjustments for:
Other gains and losses
(2,896)
(19,837)
Movements in working capital:
Decrease/(increase) in debtors
7,822
(4,244)
Increase in creditors
2,165
1,473
Cash generated from/(absorbed by) operations
6,378
(5,900)
21
Analysis of changes in net funds
1 May 2024
Cash flows
30 April 2025
£
£
£
Cash at bank and in hand
2,684
6,378
9,062
22
Non-audit services provided by auditor

In common with many businesses of our size and nature we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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