Pedham Place Golf Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02893062

Pedham Place Golf Centre Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

R E Jones and Co.

Pedham Place Golf Centre Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,246,983	1,315,204

Current assets

Stocks		61,727	68,835
Debtors	6	34,173	32,960
Cash at bank and in hand		1,098,853	1,843,290
		-------------	-------------
		1,194,753	1,945,085

Creditors: amounts falling due within one year	7	736,499		636,432
		-------------		-------------
Net current assets			458,254	1,308,653
			-------------	-------------
Total assets less current liabilities			1,705,237	2,623,857

Creditors: amounts falling due after more than one year	8	269,280	1,135,762
		-------------	-------------
Net assets		1,435,957	1,488,095
		-------------	-------------

R E Jones and Co.

Pedham Place Golf Centre Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	82,434	82,434
Share premium account	840,443	840,443
Profit and loss account	513,080	565,218
	-------------	-------------
Shareholders funds	1,435,957	1,488,095
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

D M Powell	E R Boyes
Director	Director

Company registration number: 02893062

R E Jones and Co.

Pedham Place Golf Centre Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 132 Burnt Ash Road, Lee, London, SE12 8PU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Motor vehicle	-	25% reducing balance
Office and bar equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2024: 28 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,041,463	590,329	18,800	403,474	2,054,066
Additions	–	11,298	–	–	11,298
	-------------	----------	---------	----------	-------------
At 31 March 2025	1,041,463	601,627	18,800	403,474	2,065,364
	-------------	----------	---------	----------	-------------
Depreciation
At 1 April 2024	–	476,650	8,688	253,524	738,862
Charge for the year	–	37,551	2,528	39,440	79,519
	-------------	----------	---------	----------	-------------
At 31 March 2025	–	514,201	11,216	292,964	818,381
	-------------	----------	---------	----------	-------------
Carrying amount
At 31 March 2025	1,041,463	87,426	7,584	110,510	1,246,983
	-------------	----------	---------	----------	-------------
At 31 March 2024	1,041,463	113,679	10,112	149,950	1,315,204
	-------------	----------	---------	----------	-------------

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Long leasehold property
	£
At 31 March 2025
Aggregate cost	2,326,160
Aggregate depreciation	–
	-------------
Carrying value	2,326,160
	-------------

At 31 March 2024
Aggregate cost	2,326,160
Aggregate depreciation	–
	-------------
Carrying value	2,326,160
	-------------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	7,505
Other debtors	34,173	25,455
	---------	---------
	34,173	32,960
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	65,277	55,295
Corporation tax	158,007	121,639
Social security and other taxes	84,469	84,599
Other creditors	428,746	374,899
	----------	----------
	736,499	636,432
	----------	----------

The National Westminster Bank Plc hold a legal mortgage charge over all interests in Pedham Place Golf Centre, London Road, Swanley Kent BR8 8PP, and it's associated assets. The National Westminster Bank Plc, hold a debenture over all property of the Company, now or in the future including all tangible and intangible assets of the Company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	269,280	1,135,762
	----------	-------------

9. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	6,584	6,261
Later than 1 year and not later than 5 years	9,280	15,863
	---------	---------
	15,864	22,124
	---------	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	52,295	52,295
Later than 1 year and not later than 5 years	101,610	153,905
	----------	----------
	153,905	206,200
	----------	----------

The company leases the land for the golf course from the Shareholder Mr J W Crocker for £72,000 per annum.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
M J Fitzpatrick	–	( 424,815)
J W Crocker	–	( 435,084)
	----	----------
	–	( 859,899)
	----	----------

12. Related party transactions

The Company has no overall controlling party. The company paid to a shareholder, Mr J W Crocker , rent totaling £284,659 (2024 : £269,692), included in these rents is £72,000 per annum which is a base rent for the lease of the land for the golf course. These transactions were at arms length and the normal market price was charged. The Company paid The Fitzpatrick Family Discretionary Trust the sum of £32,517. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102.