Webbers Portmore Limited 31/03/2025 iXBRL

Company registration number: 00485818

Webbers Portmore Limited

Unaudited filleted abridged financial statements

for the year ended

31 March 2025

Webbers Portmore Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Webbers Portmore Limited

Directors and other information


Directors	Mr C G Webber
	Mr J F G Webber
	Mrs A J Webber	(Appointed 7 November 2025)


Secretary	Mr C G Webber


Company number	00485818


Registered office	Portmore Golf Park
	Landkey Road
	Barnstaple
	Devon
	EX32 9LB


Accountants	Giffords LLP
	Office 8 The Barns
	Caddsdown Industrial Park
	Bideford
	Devon
	EX39 3BT

Webbers Portmore Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Webbers Portmore Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Webbers Portmore Limited for the year ended 31 March 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Webbers Portmore Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Webbers Portmore Limited and state those matters that we have agreed to state to the board of directors of Webbers Portmore Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webbers Portmore Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Webbers Portmore Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Webbers Portmore Limited. You consider that Webbers Portmore Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Webbers Portmore Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Giffords LLP

Chartered Accountants

Office 8 The Barns

Caddsdown Industrial Park

Bideford

Devon

EX39 3BT

24 December 2025

Webbers Portmore Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,426,253		1,341,387
		________		________
			1,426,253		1,341,387

Current assets
Stocks		21,500		21,500
Debtors	6	1,326,322		15,095
Cash at bank and in hand		65,863		88,393
		________		________
		1,413,685		124,988
Creditors: amounts falling due
within one year	7	( 448,589)		( 346,159)
		________		________
Net current assets/(liabilities)			965,096		( 221,171)
			________		________
Total assets less current liabilities			2,391,349		1,120,216

Creditors: amounts falling due
after more than one year	8		( 604,227)		( 149,607)

Provisions for liabilities			( 93,292)		( 44,991)

			________		________
Net assets			1,693,830		925,618
			________		________

Capital and reserves
Called up share capital			1,925		1,925
Revaluation reserve			318,551		338,760
Capital redemption reserve			675		675
Other reserves			1,000		1,000
Profit and loss account			1,371,679		583,258
			________		________
Shareholders funds			1,693,830		925,618
			________		________

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 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 comprehensive income has not been delivered.

All of the members have consented to the preparation of the statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr C G Webber

Director

Company registration number: 00485818

Webbers Portmore 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 & Wales. The address of the registered office is Portmore Golf Park, Landkey Road, Barnstaple, Devon, EX32 9LB.

2. Statement of compliance

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

Turnover

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

Memberships subscriptions are recognised to the extent that they relate to the period with advance subsriptions carried forward to future periods as deferred income. Other golf related income is recognised as rounds and events are played and catering and bar income is recognised as provided.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Freehold land and property	-	4% reducing balance and 2% straight line basis
Plant and machinery	-	25% reducing balance and 10% straight line basis
Office equipment	-	33% reducing balance
Motor vehicles	-	25% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. 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 are 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 stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 19 ).

5. Tangible assets


	£	£	£	£	£
Cost
At 1 April 2024	1,581,695	1,179,392	9,433	37,025	2,807,545
Additions	552	250,555	839	-	251,946
Disposals	( 22,286)	-	-	-	( 22,286)
	________	________	________	________	________
At 31 March 2025	1,559,961	1,429,947	10,272	37,025	3,037,205
	________	________	________	________	________
Depreciation
At 1 April 2024	498,553	928,083	8,190	31,332	1,466,158
Charge for the year	31,862	114,191	694	1,425	148,172
Disposals	( 3,378)	-	-	-	( 3,378)
	________	________	________	________	________
At 31 March 2025	527,037	1,042,274	8,884	32,757	1,610,952
	________	________	________	________	________
Carrying amount
At 31 March 2025	1,032,924	387,673	1,388	4,268	1,426,253
	________	________	________	________	________
At 31 March 2024	1,083,142	251,309	1,243	5,693	1,341,387
	________	________	________	________	________

Tangible assets held at valuation

Freehold land was revalued in June 1992 to £610,000 by Hamptons, Chartered Surveyors on an open market basis. If this land had not been revalued the historical cost and net book value at the beginning of the year would have been £37,369. Adjustments have been made where land has been disposed of.

6. Debtors

	2025	2024
	£	£
Trade debtors	1,316,027	2,440
Other debtors	10,295	12,655
	________	________
	1,326,322	15,095
	________	________

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	31,182	31,182
Trade creditors	97,129	104,202
Corporation tax	111,091	-
Social security and other taxes	5,654	33,549
Other creditors	203,533	177,226
	________	________
	448,589	346,159
	________	________

The company's bank loans and overdrafts are secured on company assets by fixed and floating charges. The hire purchase liabilities are secured on the assets to which they relate.

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

	2025	2024
	£	£
Bank loans and overdrafts	421,752	123,847
Other creditors	182,475	25,760
	________	________
	604,227	149,607
	________	________

The company's bank loans and overdrafts are secured on company assets by fixed and floating charges. The hire purchase liabilities are secured on the assets to which they relate. Included in creditors: amounts falling due after more than one year is an amount of £ 78,712 (2024: £ 94,980) in respect of liabilities payable or repayable by instalments which fall due for payment after less than five years from the reporting date.

Included in creditors: due after more than five years are bank loans. These loans are repayment loans with market rate interest payable. The amount owing at the end of the reporting date is £ 343,040 (2024: £ 28,867)

9. Related party transactions

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

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Homegrown Landscaping Ltd (purchases)	-	45,795	( 25,000)	( 12,295)
Mr J F G Webber (rent receivable)	3,250	6,500	-	-
	________	________	________	________

Mr J F G Webber is the sole director and shareholder in Homegrown Landscaping Ltd. All transactions between Webbers Portmore Limited and Homegrown Landscaping Ltd took place on an arms length basis and the directors consider the transactions to have taken place using open market values. During the year, Mr J F G Webber rented a property from the company at £650 per month. The directors consider the amount paid to be an open market rent.