ACCOUNTS - Final Accounts preparation

Company registration number: 04174497

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	FARLEIGH COURT LIMITED


FARLEIGH COURT LIMITED

COMPANY INFORMATION

Director	M A Hayton


Registered number	04174497


Registered office	Foxhills
	Stonehill Road
	Ottershaw
	Surrey
	KT16 0EL


Trading Address	Farleigh Golf Club
	Old Farleigh Road
	Warlingham
	Surrey
	CR6 9PE



Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


FARLEIGH COURT LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 7


FARLEIGH COURT LIMITED REGISTERED NUMBER:04174497

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	4		3,479,699		3,613,191
			3,479,699		3,613,191
Current assets
Stocks		153,309		158,660
Debtors: amounts falling due within one year	5	144,060		115,067
Cash at bank and in hand		93,166		46,152
		390,535		319,879
Creditors: amounts falling due within one year	6	(7,243,278)		(7,250,328)
Net current liabilities			(6,852,743)		(6,930,449)
Total assets less current liabilities			(3,373,044)		(3,317,258)

Net liabilities			(3,373,044)		(3,317,258)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(3,373,144)	(3,317,358)
	(3,373,044)	(3,317,258)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M A Hayton

Director

Date: 11 December 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1


FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Farleigh Court Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006, registered in England and Wales. The address of the registered office and principal place of business is given on the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company has a strong cash position as at 31 March 2025. The Company also continues to grow its membership and revenue and is able to invest in the product and facilities from its ongoing cashflow. The company has no external debt and does not expect to require any.
The Company has net liabilities of £3,373,044 (2024: £3,317,258). The Company has the ongoing support from parent company Alexander Fraser Holdings Limited. During the year to 31 March 2025, the Company generated a loss after tax of £55,786 (2024: £397,767 profit).
As a result of the points described above, the directors are confident that the business can continue as a going concern.

2.3

Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Green fees and related golf and leisure revenue are recognised on the day of sale. Membership fee income is recognised over the life of the membership. Event and room income is recognised when the service has been provided.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2


FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Pensions

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	None - see depreciation note below
Plant and machinery	-	15-25%
Motor vehicles	-	25%
Fixtures and fittings	-	20-33%
Computer equipment	-	33%

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Depreciation of long term leasehold property and freehold property
The Companies Act requires all property, excluding land, to be depreciated over its useful economic life. However, the director considers that to depreciate the long term leasehold and freehold property would not give a true and fair view, as the value of the long term leasehold and freehold property is maintained by the director’s policy of regular maintenance and repair work.
If this departure had not been made, the profit for the year would have been reduced by depreciation. However, the amount of the depreciation cannot reasonably be quantified because depreciation is only one of the many

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FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified. Any depreciation charge to the Statement of Income and Retained Earnings would be material, but the directors do not think it is true and fair to show due to the high residual value of the long term leasehold and freehold property.

2.8

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

At each reporting date, 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
profit or loss.

2.9

Provision of liabilities

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
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.

Employees

The average monthly number of employees, including director, during the year was 90 (2024 -93).

Page 4


FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 April 2024	4,470,236	1,054,953	14,700	420,210	51,025	6,011,124
Additions	-	16,010	-	43,423	6,199	65,632
Disposals	-	-	-	(1,795)	(1,010)	(2,805)
At 31 March 2025	4,470,236	1,070,963	14,700	461,838	56,214	6,073,951
Depreciation
At 1 April 2024	1,720,236	345,915	14,700	283,675	33,407	2,397,933
Charge for the year on owned assets	-	144,174	-	42,417	12,533	199,124
Disposals	-	-	-	(1,795)	(1,010)	(2,805)
At 31 March 2025	1,720,236	490,089	14,700	324,297	44,930	2,594,252
Net book value
At 31 March 2025	2,750,000	580,874	-	137,541	11,284	3,479,699
At 31 March 2024	2,750,000	709,038	-	136,535	17,618	3,613,191

The directors believe that no depreciation should be charged on Land and buildings (see Note 2.7).

Page 5


FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	32,438	27,933
Other debtors	47,663	53,005
Prepayments and accrued income	63,959	34,129
	144,060	115,067

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	160,896	172,430
Amounts owed to group undertakings	6,588,508	6,633,021
Corporation tax	2,738	287
Other taxation and social security	75,422	24,510
Other creditors	219,090	215,832
Accruals and deferred income	196,624	204,248
	7,243,278	7,250,328

7.	Related party transactions
	The company has taken advantage of the exemptions provided by Section 33 of FRS 102 "Related Party Disclosures" and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transaction is wholly owned by a member of that group.

8.	Controlling party

The company’s immediate and ultimate parent company is Alexander Fraser Holdings Limited, a company incorporated in England and Wales.
The ultimate controlling party of Alexander Fraser Holdings Limited is P L Hayton, due to her majority shareholding.
Alexander Fraser Holdings Limited is both the smallest and largest company for which consolidated financial statements drawn up for the group of which the company is a member. The consolidated accounts for Alexander Fraser Holdings Limited may be obtained from Companies House, Crown Way, Cardiff CF14 3UZ.

Page 6


FARLEIGH COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was qualified.

The qualification in the audit report was as follows:

Basis for qualified opinion
The audit evidence available for stock was limited as no independent party observed the counting of physical stock at the end of the year.
We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 March 2025, which are included in the balance sheet at £153,309, by using other audit procedures. Consequently we were unable to determine whether any adjustment to the amount was necessary.
Other information
As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves concerning the closing stock quantities of £153,309 held at 31 March 2025. We have concluded that where the other information refers to the closing stock balance or related balances such as cost of sales, it may be materially misstated for the same reason.

The audit report was signed on 12 December 2025 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7