REGISTERED NUMBER: 15230995 (England and Wales)

LLANYRAVON COMMUNITY GOLF COURSE LTD

FINANCIAL STATEMENTS

FOR THE PERIOD

24TH OCTOBER 2023 TO 31ST OCTOBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hadley

P R Hathway

REGISTERED OFFICE:

Llanyravon Golf Club

Llanfrechfa Way

Llanyravon

Cwmbran

Torfaen

NP44 8HT

REGISTERED NUMBER:

15230995 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

435,682

CURRENT ASSETS

Debtors

5

27,487

Cash at bank

2,126

29,613

CREDITORS

Amounts falling due within one year

6

423,925

NET CURRENT LIABILITIES

(394,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,370

CREDITORS

Amounts falling due after more than one year

7

65,214

NET LIABILITIES

(23,844

)

RESERVES

Income and expenditure account

(23,844

)

(23,844

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2024 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 surplus or deficit 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2025 and were signed on its behalf by:

P R Hathway - Director

1.	STATUTORY INFORMATION

Llanyravon Community Golf Course Ltd is a private company, limited by guarantee , 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost and Over the term of the lease

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 6 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

Additions

278,442

151,494

23,949

2,367

456,252

At 31st October 2024

278,442

151,494

23,949

2,367

456,252

DEPRECIATION

Charge for period

-

19,740

662

168

20,570

At 31st October 2024

-

19,740

662

168

20,570

NET BOOK VALUE

At 31st October 2024

278,442

131,754

23,287

2,199

435,682

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

109,650

At 31st October 2024

109,650

DEPRECIATION

Charge for period

15,025

At 31st October 2024

15,025

NET BOOK VALUE

At 31st October 2024

94,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

24,387

Prepayments

3,100

27,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

24,094

Trade creditors

91,325

Social security and other taxes

1,286

Other creditors

504

Hadways Developments Ltd

291,577

Directors' current accounts

11,839

Accruals and deferred income

3,300

423,925

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

65,214