Registration number: 02600768

Kenwick Park Golf Club Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Kenwick Park Golf Club Limited

Company Information

Directors

C A James J H Beverley P F Dewhurst P Marsden J A Toulson K Addison N C Fearn P R Gilliatt I D Dickinson

Company secretary

C A James

Registered office

Kenwick Park Golf Club Kenwick Park Kenwick Louth Lincolnshire LN11 8NY

Kenwick Park Golf Club Limited

(Registration number: 02600768)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,226,618	4,154,292
Current assets
Stocks	5	8,000	8,000
Debtors	6	15,764	15,116
Cash at bank and in hand		393,454	392,474
		417,218	415,590
Creditors: Amounts falling due within one year	7	(311,416)	(328,857)
Net current assets		105,802	86,733
Total assets less current liabilities		4,332,420	4,241,025
Creditors: Amounts falling due after more than one year	7	(683,074)	(657,881)
Provisions for liabilities		(42,481)	(29,405)
Net assets		3,606,865	3,553,739
Capital and reserves
Called up share capital	9	2,600,000	2,600,000
Share premium reserve		695,750	695,750
Other reserves		325,000	325,000
Retained earnings		(13,885)	(67,011)
Shareholders' funds		3,606,865	3,553,739

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:
 

......................................... J H Beverley Director

Kenwick Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02600768.

The address of its registered office is:
Kenwick Park Golf Club
Kenwick Park
Kenwick
Louth
Lincolnshire
LN11 8NY

These financial statements were authorised for issue by the Board on 28 May 2026.

These financial statements cover the individual entity, Kenwick Park Golf Club Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A
smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and
the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the
accounting policies certain items are shown at fair value. The financial statements are prepared in sterling which is
the functional currency of the company and have been rounded to the nearest pound.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The nature of the company's business is such that there can be considerable unpredictable variation in the level of cash inflows. The directors have prepared projected cash flow information for the period ending 9 months from their date of approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the directors consider that the company will continue to operate within the loan and overdraft facilities currently agreed but the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. However, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft or loan facility by the company's bankers.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Kenwick Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Land - No depreciation. Buildings - 2%, 5% and 10% straight line basis
Plant and machinery	15% - 25% straight line basis

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Kenwick Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company during the year was 6 (2024 - 6).

4	Tangible assets

	Land and buildings £	Plant and machinery  £	Total £
Cost or valuation
At 1 January 2025	4,539,129	784,361	5,323,490
Additions	39,208	123,579	162,787
Disposals	-	(27,928)	(27,928)
At 31 December 2025	4,578,337	880,012	5,458,349
Depreciation
At 1 January 2025	602,576	566,622	1,169,198
Charge for the year	36,330	54,131	90,461
Eliminated on disposal	-	(27,928)	(27,928)
At 31 December 2025	638,906	592,825	1,231,731
Carrying amount
At 31 December 2025	3,939,431	287,187	4,226,618
At 31 December 2024	3,936,553	217,739	4,154,292

5

Stocks

	2025 £	2024 £
Raw materials and consumables	8,000	8,000

6

Debtors

Current	2025 £	2024 £
Prepayments and accrued income	15,764	15,116

Kenwick Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	26,548	26,356
Trade creditors		2,449	4,971
Taxation and social security		3,265	7,051
Other creditors		36,878	27,383
Accruals and deferred income		242,276	263,096
		311,416	328,857

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	683,074	657,881