Company registration number 03006203 (England and Wales)
KINGS HILL GOLF LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
KINGS HILL GOLF LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
KINGS HILL GOLF LIMITED (REGISTERED NUMBER: 03006203)
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,157,294
1,121,421
Current assets
Stocks
48,609
42,697
Debtors
4
48,867
46,230
Cash at bank and in hand
986,761
885,187
1,084,237
974,114
Creditors: amounts falling due within one year
5
(710,125)
(631,098)
Net current assets
374,112
343,016
Total assets less current liabilities
1,531,406
1,464,437
Creditors: amounts falling due after more than one year
6
(4,855,052)
(4,828,575)
Net liabilities
(3,323,646)
(3,364,138)
Capital and reserves
Called up share capital
8
60
60
Other reserves
290,099
304,528
Members' deposits
884,712
866,086
Profit and loss reserves
(4,498,517)
(4,534,812)
Total equity
(3,323,646)
(3,364,138)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

KINGS HILL GOLF LIMITED (REGISTERED NUMBER: 03006203)
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 February 2026 and are signed on its behalf by:
Mr D Kelso
Director
KINGS HILL GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Kings Hill Golf Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Clubhouse, Fortune Way, Kings Hill, West Malling, Kent, ME19 4GF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis even though the company has negative reserves as during the year the company made a profit before taxation of £36,423 (2024: £65,470) and at the balance sheet date the company had net current assets amounting to £374,112 (2024: £343,016).true

The majority shareholder has expressed his willingness to continue to support the company to enable it to trade for at least the next twelve months from the date of the approval of the financial statements and therefore the directors continue to use the going concern basis.

1.3
Turnover

Turnover 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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- The amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably;

- It is probable that the company will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably and;

- The costs incurred and the costs to complete the contract can be measured reliably

KINGS HILL GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
- 2% on straight-line
Plant and equipment
- 25% on straight-line
Fixtures and fittings
- 25% on straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the applicable costs of purchasing the items included within the year-end stock balance.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

KINGS HILL GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9

Members' deposits reserve

Certain members' deposits are repayable under the terms of the company's golf club's rules. The deposits are unsecured and generally repayable with a premium equal to the increase in the Index of Retail Prices since the date of original receipt of the member's deposit. The directors have reviewed the accounting treatment of the members' deposits and consider that, according to the club's rules, the possibility of these deposits being refunded is remote. In addition there have been a number of legal claims for repayment of similar deposits against golf clubs that have all failed. There have been no repayments by the club of deposits for in excess of six years and it is unlikely that the club will sell these types of membership in the near future.

The deposits are not recorded as a liability but are accounted for as a members' deposits reserve, as the directors consider this to be the most appropriate accounting treatment.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
43
41
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 October 2024
3,261,608
755,776
395,075
4,412,459
Additions
62,730
89,538
4,935
157,203
At 30 September 2025
3,324,338
845,314
400,010
4,569,662
Depreciation and impairment
At 1 October 2024
2,227,307
680,443
383,288
3,291,038
Depreciation charged in the year
65,584
47,211
8,535
121,330
At 30 September 2025
2,292,891
727,654
391,823
3,412,368
Carrying amount
At 30 September 2025
1,031,447
117,660
8,187
1,157,294
At 30 September 2024
1,034,301
75,333
11,787
1,121,421

The net book value of assets held under hire purchase agreements at the balance sheet was £93,831 (2024: £64,188).

KINGS HILL GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,178
20,254
Other debtors
42,689
25,976
48,867
46,230
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
127,389
61,000
Taxation and social security
35,386
48,447
Other creditors
547,350
521,651
710,125
631,098
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
4,855,052
4,828,575

Included in other creditors greater than one year is a directors loan account balance of £644,096, which is the director's mortgage. The director's mortgage is secured and interest free.

It may be repayable at any time in multiples of £1,000 with a minimum of £5,000. In the event that all of the issued shares in the company not being owned by the company directors then the loaned amount and interest shall become immediately and wholly repayable in full on demand.

7
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
37,958
32,673
In two to five years
60,810
34,333
98,768
67,006
KINGS HILL GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
6,000
6,000
60
60
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
36,951
51,579
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