REGISTERED NUMBER: 00203865 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PENWORTHAM GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Fisher

H Jackson

I Parkinson

P Todhunter

G T Hughes

T Durham

J Harrison

E Pace

REGISTERED OFFICE:

Blundell Lane

Penwortham

Preston

Lancashire

PR1 0AX

REGISTERED NUMBER:

00203865 (England and Wales)

ACCOUNTANTS:

ma2 (Blackpool) Limited

288 Church Street

Blackpool

Lancashire

FY1 3QA

BANKERS:

The Royal Bank of Scotland

97 Fishergate

Preston

PR1 2AE

FIXED ASSETS

Tangible assets

4

854,451

764,592

CURRENT ASSETS

Stocks

12,928

11,202

Debtors

5

33,506

32,769

Cash at bank and in hand

193,563

279,528

239,997

323,499

CREDITORS

Amounts falling due within one year

6

311,732

311,537

NET CURRENT (LIABILITIES)/ASSETS

(71,735

)

11,962

TOTAL ASSETS LESS CURRENT LIABILITIES

782,716

776,554

CREDITORS

Amounts falling due after more than one year

7

149,306

182,857

NET ASSETS

633,410

593,697

CAPITAL AND RESERVES

Called up share capital

9

1,638

1,638

Retained earnings

10

631,772

592,059

SHAREHOLDERS' FUNDS

633,410

593,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 profit or loss 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 3 March 2026 and were signed on its behalf by:

S Fisher - Director

1.	STATUTORY INFORMATION

Penwortham Golf Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land & buildings

-

10% on reducing balance and 2% on cost

Course improvements

-

4% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Land &

Course

Plant and

buildings

improvements

machinery

£

£

£

COST

At 1 January 2025

737,462

873,933

673,605

Additions

-

17,239

89,080

Disposals

-

-

-

At 31 December 2025

737,462

891,172

762,685

DEPRECIATION

At 1 January 2025

322,797

713,175

528,736

Charge for year

16,320

26,873

58,323

Eliminated on disposal

-

-

-

At 31 December 2025

339,117

740,048

587,059

NET BOOK VALUE

At 31 December 2025

398,345

151,124

175,626

At 31 December 2024

414,665

160,758

144,869

Fixtures

and

Computer

fittings

Studio

equipment

Totals

£

£

£

£

COST

At 1 January 2025

559,143

-

68,855

2,912,998

Additions

2,221

86,425

4,751

199,716

Disposals

(38,778

)

-

(15,558

)

(54,336

)

At 31 December 2025

522,586

86,425

58,048

3,058,378

DEPRECIATION

At 1 January 2025

515,422

-

68,276

2,148,406

Charge for year

7,287

-

319

109,122

Eliminated on disposal

(38,043

)

-

(15,558

)

(53,601

)

At 31 December 2025

484,666

-

53,037

2,203,927

NET BOOK VALUE

At 31 December 2025

37,920

86,425

5,011

854,451

At 31 December 2024

43,721

-

579

764,592

Included in cost of land and buildings is freehold land of £ 50,090 (2024 - £ 50,090 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

4,874

1,667

VAT

14,903

1,977

Prepayments and accrued income

13,729

29,125

33,506

32,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

30,272

30,272

Trade creditors

47,222

33,520

Social security and other taxes

11,068

4,755

Other creditors

16,705

15,675

Accruals and deferred income

206,465

227,315

311,732

311,537

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - over one year

149,306

182,857

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

179,578

213,129

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,638

Ordinary

£1

1,638

1,638

10.

RESERVES

Retained

earnings

£

At 1 January 2025

592,059

Profit for the year

39,713

At 31 December 2025

631,772