Bearwood Lakes Golf Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02931379 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BEARWOOD LAKES GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G R Holloway

Mr I J Jackson

SECRETARY:

Mr N A Campling

REGISTERED OFFICE:

The Clubhouse

Bearwood Lakes Golf Club

Bearwood Road

Wokingham

Berkshire

RG41 4SJ

REGISTERED NUMBER:

02931379 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

3,668,608

3,638,513

CURRENT ASSETS

Stocks

5

154,193

155,288

Debtors

6

208,255

160,791

Cash at bank and in hand

258,339

106,773

620,787

422,852

CREDITORS

Amounts falling due within one year

7

(681,003

)

(563,137

)

NET CURRENT LIABILITIES

(60,216

)

(140,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,608,392

3,498,228

CREDITORS

Amounts falling due after more than one
year

8

(1,026,614

)

(1,223,291

)

PROVISIONS FOR LIABILITIES

(199,733

)

(192,199

)

NET ASSETS

2,382,045

2,082,738

CAPITAL AND RESERVES

Called up share capital

10

12,501

Share premium

2,780,650

2,590,575

Retained earnings

(411,106

)

(520,338

)

SHAREHOLDERS' FUNDS

2,382,045

2,082,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

Mr G R Holloway - Director

1.	STATUTORY INFORMATION

Bearwood Lakes Golf Club 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.

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

The cost of tangible fixed assets is written off by equal annual instalments over their estimated useful lives as follows:

Long leasehold and improvements

1%, 2% and 4% on cost

Plant and machinery

4%, 5%, 10% and 20% on
cost

Fixtures and fittings

10% and 20% on cost

Motor vehicles

25% on cost

Computer equipment

25% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 80 (2024 - 75 ) .

4.	TANGIBLE FIXED ASSETS

Long

leasehold

Fixtures

and

Plant and

and

improvements

machinery

fittings

£

COST

At 1 April 2024

4,560,152

2,170,076

330,912

Additions

120,944

156,310

14,905

At 31 March 2025

4,681,096

2,326,386

345,817

DEPRECIATION

At 1 April 2024

1,666,412

1,468,643

295,679

Charge for year

104,406

146,160

9,081

At 31 March 2025

1,770,818

1,614,803

304,760

NET BOOK VALUE

At 31 March 2025

2,910,278

711,583

41,057

At 31 March 2024

2,893,740

701,433

35,233

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

6,495

185,277

7,252,912

Additions

-

3,059

295,218

At 31 March 2025

6,495

188,336

7,548,130

DEPRECIATION

At 1 April 2024

4,871

178,794

3,614,399

Charge for year

1,624

3,852

265,123

At 31 March 2025

6,495

182,646

3,879,522

NET BOOK VALUE

At 31 March 2025

-

5,690

3,668,608

At 31 March 2024

1,624

6,483

3,638,513

5.

STOCKS

31.3.25

31.3.24

£

Stocks

154,193

155,288

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

92,742

71,583

Other debtors

115,513

89,208

208,255

160,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

303,760

187,894

Taxation and social security

70,644

41,231

Other creditors

306,599

334,012

681,003

563,137

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

40,695

40,575

Other creditors

985,919

1,182,716

1,026,614

1,223,291

Debentures represent an unsecured obligation of the company and are redeemable at par if a debenture holder resigns their membership of the golf club.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

208,793

166,577

Between one and five years

897,165

649,197

In more than five years

14,578,935

10,711,754

15,684,893

11,527,528

The operating lease is held in the name of the parent company, Ward Wilson Investments Limited, and rent is paid directly by the company on behalf of Ward Wilson Investments Limited.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

1

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

49,999

A Ordinary

£1

12,500

11.	RELATED PARTY DISCLOSURES

Ward Wilson Investments Limited

The parent company.

Ward Wilson Investments Limited holds the lease on the premises from which the company operates. The rent payable and operating lease commitment is as included in these accounts.

The company covers the admin costs incurred by Ward Wilson Investments Limited namely accountancy fees totalling £588 (2024: £526) and bank charges totalling £282 (2024: £Nil).

31.3.25

31.3.24

£

Amount due to related party at the balance sheet date

40,695

40,575

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G R Holloway by virtue of his shareholding in Ward Wilson Investments Limited.