REGISTERED NUMBER: 15230995 (England and Wales)

LLANYRAVON COMMUNITY GOLF COURSE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hadley

P R Hathway

REGISTERED OFFICE:

Llanyravon Golf Club

Llanfrechfa Way

Llanyravon

Cwmbran

Torfaen

NP44 8HT

REGISTERED NUMBER:

15230995 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

517,003

435,682

CURRENT ASSETS

Debtors

5

4,625

27,487

Cash at bank and in hand

103,042

2,126

107,667

29,613

CREDITORS

Amounts falling due within one year

6

582,879

423,925

NET CURRENT LIABILITIES

(475,212

)

(394,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,791

41,370

CREDITORS

Amounts falling due after more than one year

7

(13,342

)

(65,214

)

PROVISIONS FOR LIABILITIES

(53,397

)

-

NET LIABILITIES

(24,948

)

(23,844

)

RESERVES

Income and expenditure account

(24,948

)

(23,844

)

(24,948

)

(23,844

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2026 and were signed on its behalf by:

P R Hathway - Director

1.	STATUTORY INFORMATION

Llanyravon Community Golf Course 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost and Over the term of the lease

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st November 2024

278,442

151,494

23,949

2,367

456,252

Additions

86,863

94,632

9,108

-

190,603

Disposals

-

(57,650

)

-

-

(57,650

)

At 31st October 2025

365,305

188,476

33,057

2,367

589,205

DEPRECIATION

At 1st November 2024

-

19,740

662

168

20,570

Charge for year

18,265

42,886

2,860

592

64,603

Eliminated on disposal

-

(12,971

)

-

-

(12,971

)

At 31st October 2025

18,265

49,655

3,522

760

72,202

NET BOOK VALUE

At 31st October 2025

347,040

138,821

29,535

1,607

517,003

At 31st October 2024

278,442

131,754

23,287

2,199

435,682

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st November 2024

109,650

Disposals

(57,650

)

At 31st October 2025

52,000

DEPRECIATION

At 1st November 2024

15,025

Charge for year

16,363

Eliminated on disposal

(12,971

)

At 31st October 2025

18,417

NET BOOK VALUE

At 31st October 2025

33,583

At 31st October 2024

94,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,400

-

VAT

-

24,387

Prepayments

2,225

3,100

4,625

27,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Federal Loan

22,990

-

Hire purchase contracts

16,086

24,094

Trade creditors

46,128

91,325

Social security and other taxes

14,900

1,286

VAT

17,811

-

Other creditors

3,382

504

Hadways Developments Ltd

384,027

291,577

Directors' current accounts

24,109

11,839

Accruals and deferred income

53,446

3,300

582,879

423,925

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,342

65,214

8.	RELATED PARTY DISCLOSURES

The company had an outstanding loan balance at the year end due to related parties of £384,027 (2024 - £291,577).

9.	GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.