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Registration number: 00494263

Ladbrook Park Golf Club Limited
(A company limited by guarantee)
Filleted Financial Statements
for the Year Ended 31 December 2025

Ladbrook Park Golf Club Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Ladbrook Park Golf Club Limited

Company Information

Directors | M E Parfitt T I Cooley W A Longe A D Evans B Harris A Brown

Registered office | Ladbrook Park Golf Club Poolhead Lane Tanworth In Arden Solihull Birmingham West Midlands B94 5ED

Auditors | Bissell & Brown Midlands Ltd Statutory AuditorsCharter House 56 High Street Sutton Coldfield West Midlands B72 1UJ

Ladbrook Park Golf Club Limited

(Registration number: 00494263)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 725,037 | 748,808
Current assets |  |  |
Stocks | 7 | 37,480 | 38,145
Debtors | 8 | 115,323 | 61,454
Cash at bank and in hand |  | 247,231 | 329,521
|  | 400,034 | 429,120
Creditors: Amounts falling due within one year | 9 | (371,711) | (357,020)
Net current assets |  | 28,323 | 72,100
Total assets less current liabilities |  | 753,360 | 820,908
Creditors: Amounts falling due after more than one year | 9 | (105,680) | (168,861)
Net assets |  | 647,680 | 652,047
Reserves |  |  |
Retained earnings |  | 647,680 | 652,047
Surplus |  | 647,680 | 652,047

These financial statements have been prepared 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 directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 3 March 2026 and signed on its behalf by:

......................................... T I Cooley Director | ......................................... W A Longe Director |

Ladbrook 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 guarantee incorporated in England & Wales. The company's registration number is 00494263.

The address of its registered office is:
Ladbrook Park Golf Club Poolhead Lane
Tanworth In Arden Solihull
Birmingham
West Midlands
B94 5ED

These financial statements were authorised for issue by the Board on 3 March 2026.

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 the provisions applicable to companies subject to the small companies regime
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.

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 rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified.
The name of the Senior Statutory Auditor who signed the audit report on 4 March 2026 was Paul Matthews, who signed for and on behalf of Bissell & Brown Midlands Ltd.

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.

Ladbrook Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current 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.

Tangible assets

Tangible assets are stated in the balance sheet 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 building | 2.5% on cost (excluding land)
Plant and machinery | 5-20% on cost
Fixtures, Fittings and equipment | 12.5% - 33.33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ladbrook Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

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 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.

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 (including directors) during the year, was 27 (2024 - 33).

Ladbrook Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 101,015 | 92,763

5 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 3,065 | 3,763

6 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 695,194 | 108,812 | 1,123,401 | 1,927,407
Additions | - | 77,244 | - | 77,244
At 31 December 2025 | 695,194 | 186,056 | 1,123,401 | 2,004,651
Depreciation
At 1 January 2025 | 484,262 | 108,811 | 585,526 | 1,178,599
Charge for the year | 14,664 | 9,371 | 76,980 | 101,015
At 31 December 2025 | 498,926 | 118,182 | 662,506 | 1,279,614
Carrying amount
At 31 December 2025 | 196,268 | 67,874 | 460,895 | 725,037
At 31 December 2024 | 210,932 | 1 | 537,875 | 748,808

Included within the net book value of land and buildings above is £196,268 (2024 - £210,932) in respect of freehold land and buildings.

7 | Stocks

| 2025 £ | 2024 £
Greens & Bar/Catering stock | 37,480 | 38,145

Ladbrook Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 77,536 | 47,391
Prepayments | 36,902 | 12,600
Other debtors | 885 | 1,463
| 115,323 | 61,454

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 74,981 | 75,704
Trade creditors |  | 68,470 | 80,067
Taxation and social security |  | 26,821 | 19,229
Accruals and deferred income |  | 171,135 | 160,237
Other creditors |  | 27,239 | 18,020
Corporation tax liability |  | 3,065 | 3,763
|  | 371,711 | 357,020

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 105,680 | 168,861

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 723
Hire purchase contracts | 63,181 | 63,181
Development loans | 11,800 | 11,800
| 74,981 | 75,704

Other loans represent interest free, unsecured development loans from members, with no set repayment terms.

Ladbrook Park Golf Club Limited

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

10 | Loans and borrowings (continued)

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 105,680 | 168,861