REGISTERED NUMBER: 14799098 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Padeswood & Buckley Golf Club Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N J Brearley

K Fox-Parry

S T Griffiths

M W Owens

SECRETARY:

M W Owens

REGISTERED OFFICE:

Padeswood & Buckley Golf Club The Caia,

Padeswood

Mold

Flintshire

CH7 4JD

REGISTERED NUMBER:

14799098 (England and Wales)

ACCOUNTANTS:

Summit Accountants Limited

M.01 Tomorrow

MediaCityUK

Salford

Greater Manchester

M50 2AB

FIXED ASSETS

Intangible assets

4

12,227

-

Tangible assets

5

811,557

832,596

823,784

832,596

CURRENT ASSETS

Stocks

4,572

3,782

Debtors

6

20,265

39,075

Prepayments and accrued income

360

277

Cash at bank and in hand

61,781

46,035

86,978

89,169

CREDITORS

Amounts falling due within one year

7

218,178

188,214

NET CURRENT LIABILITIES

(131,200

)

(99,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

692,584

733,551

CREDITORS

Amounts falling due after more than one year

8

(104,278

)

(146,601

)

PROVISIONS FOR LIABILITIES

(27,276

)

(30,411

)

NET ASSETS

561,030

556,539

RESERVES

Income and expenditure account

561,030

556,539

561,030

556,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

N J Brearley - Director

K Fox-Parry - Director

S T Griffiths - Director

M W Owens - Director

1.	STATUTORY INFORMATION

Padeswood & Buckley Golf Club Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cost is calculated using the FIFO method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price, less costs to complete and sell, is recognised as an impairment loss in the profit or loss. Reversals of impairment losses are also recognised in the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Exceptional items

The profit and loss account for the comparative year ending 31 March 2025, includes repair and maintenance expenditure relating to special projects and flood remediation works undertaken during the year which total £52,587. These costs are not expected to recur on a regular basis and have therefore been disclosed as exceptional items within repairs and maintenance to aid comparability of the financial performance with prior periods.

Deferred income

Income arising from life memberships is deferred and recognised over the period during which the related services are expected to be provided.

The average life of a life membership has been estimated to be 30 years, having regard to past experience and anticipated future usage. Deferred income is released on a straight-line basis over this period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

15,284

At 31 March 2026

15,284

AMORTISATION

Charge for year

3,057

At 31 March 2026

3,057

NET BOOK VALUE

At 31 March 2026

12,227

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

727,952

190,793

918,745

Additions

-

28,988

28,988

At 31 March 2026

727,952

219,781

947,733

DEPRECIATION

At 1 April 2025

17,000

69,149

86,149

Charge for year

8,500

41,527

50,027

At 31 March 2026

25,500

110,676

136,176

NET BOOK VALUE

At 31 March 2026

702,452

109,105

811,557

At 31 March 2025

710,952

121,644

832,596

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

13,349

14,254

Other debtors

6,916

24,821

20,265

39,075

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

8,773

10,648

Hire purchase contracts

28,683

33,432

Trade creditors

9,024

12,201

Taxation and social security

3,742

5,390

Other creditors

167,956

126,543

218,178

188,214

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

8,412

Hire purchase contracts

88,827

117,510

Other creditors

15,451

20,679

104,278

146,601

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

18,228

18,228