Company registration number 04482052 (England and Wales)
THORNEY PARK GOLF LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THORNEY PARK GOLF LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THORNEY PARK GOLF LIMITED
COMPANY INFORMATION
Directors
K L Woodbridge
A Killing
P G Woodbridge
Secretary
C Sullivan-Webb
Company number
04482052
Registered office
Thames House
Oxford Road
Benson
Wallingford
Oxfordshire
OX10 6LX
Auditor
Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
THORNEY PARK GOLF LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
60,419
68,025
Current assets
Debtors
5
513,651
155,262
Cash at bank and in hand
22,794
70,077
536,445
225,339
Creditors: amounts falling due within one year
6
(4,505,639)
(4,190,520)
Net current liabilities
(3,969,194)
(3,965,181)
Total assets less current liabilities
(3,908,775)
(3,897,156)
Creditors: amounts falling due after more than one year
7
-
0
(19,480)
Net liabilities
(3,908,775)
(3,916,636)
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
(3,908,777)
(3,916,638)
Total equity
(3,908,775)
(3,916,636)

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

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

The financial statements were approved by the board of directors and authorised for issue on 17 April 2026 and are signed on its behalf by:
A Killing
Director
Company registration number 04482052 (England and Wales)
THORNEY PARK GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Thorney Park Golf Limited is a private company limited by shares incorporated in England and Wales. The registered office is Thames House, Oxford Road, Benson, Wallingford, Oxfordshire, OX10 6LX.

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 £.

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. The company made a profit after tax of £7,861 for the year ended 30 September 2025 (2024: £1,304) and at 30 September 2025 had net liabilities of £3,908,775 (2024: £3,916,636). true

The company benefits from support from Grundon Waste Management Limited which has undertaken to continue to provide such financial support as is necessary for the company to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.

The directors concluded that no material uncertainty over the company’s going concern basis of accounting exists as at the date of signing the financial statements. After making enquiries about the trading prospects of the company and taking into account the available support, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the report and financial statements.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue for the provision of services is recognised in the accounting period in which the services are rendered when the outcome of the contract can be estimated reliably .

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.

THORNEY PARK GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -

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:

Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
20% on reducing balance

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
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THORNEY PARK GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.8
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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons employed by the company during the year was 2 (2024 - 2).

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 October 2024
285,334
61,588
346,922
Additions
6,923
4,473
11,396
Disposals
-
0
(1,375)
(1,375)
At 30 September 2025
292,257
64,686
356,943
Depreciation and impairment
At 1 October 2024
237,108
41,789
278,897
Depreciation charged in the year
13,787
4,855
18,642
Eliminated in respect of disposals
-
0
(1,015)
(1,015)
At 30 September 2025
250,895
45,629
296,524
THORNEY PARK GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
(Continued)
- 5 -
Carrying amount
At 30 September 2025
41,362
19,057
60,419
At 30 September 2024
48,226
19,799
68,025
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,356
2,301
Other debtors
507,295
152,961
513,651
155,262
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
34,982
14,505
Amounts owed to group undertakings
4,363,409
4,046,409
Corporation tax
2,430
-
0
Other taxation and social security
868
434
Other creditors
103,950
129,172
4,505,639
4,190,520
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
19,480
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
THORNEY PARK GOLF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Andrew Beet
Statutory Auditor:
Kirk Rice LLP
Date of audit report:
21 April 2026
10
Related party transactions
Transactions with related parties

The company has taken advantage of exemption, under the terms of Financial R eporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to di s close related party transactions within the group.

11
Directors' transactions

The directors are remunerated via a related party, the total remuneration paid to the during the year amounted to £75,359 (2024: £74,540).

12
Parent company

Grundon Waste Management Limited (GWM) is the ultimate controlling party and the ultimate parent undertaking. The registered address and principal place of business of GWM is Thames House, Oxford Road, Benson, Wallingford, Oxfordshire OX10 6LX. The company's results are included in the consolidated financial statements of GWM which are available from its registered office.

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