Bearwood Lakes Golf Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02931379 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

BEARWOOD LAKES GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G R Holloway

Mr I J Jackson

SECRETARY:

Mr N A Campling

REGISTERED OFFICE:

The Clubhouse

Bearwood Lakes Golf Club

Bearwood Road

Wokingham

Berkshire

RG41 4SJ

REGISTERED NUMBER:

02931379 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

3,385,413

3,668,608

CURRENT ASSETS

Stocks

5

182,831

154,193

Debtors

6

515,292

208,255

Cash at bank and in hand

118,515

258,339

816,638

620,787

CREDITORS

Amounts falling due within one year

7

742,455

681,003

NET CURRENT ASSETS/(LIABILITIES)

74,183

(60,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,459,596

3,608,392

CREDITORS

Amounts falling due after more than one
year

8

(989,105

)

(1,026,614

)

PROVISIONS FOR LIABILITIES

10

(157,049

)

(199,733

)

NET ASSETS

2,313,442

2,382,045

CAPITAL AND RESERVES

Called up share capital

11

12,501

Share premium account

2,780,650

Retained earnings

(479,709

)

(411,106

)

SHAREHOLDERS' FUNDS

2,313,442

2,382,045

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 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 30 October 2026 and were signed on its behalf by:

Mr G R Holloway - Director

1.	STATUTORY INFORMATION

Bearwood Lakes 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.

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

Tangible fixed assets

The cost of tangible fixed assets is written off by equal annual instalments over their estimated useful lives as follows:

Long leasehold and improvements

1%, 2% and 4% on cost

Plant and machinery

4%, 5%, 10% and 20% on
cost

Fixtures and fittings

10% and 20% on cost

Motor vehicles

25% on cost

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.

Cost is determined using the first-in, first-out (FIFO) method.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 79 (2025 - 80 ) .

4.	TANGIBLE FIXED ASSETS

Long

leasehold

Fixtures

and

Plant and

and

improvements

machinery

fittings

£

COST

At 1 April 2025

4,681,096

2,326,386

345,817

Additions

-

43,669

4,551

Disposals

(104,911

)

(141,721

)

(196,231

)

At 31 March 2026

4,576,185

2,228,334

154,137

DEPRECIATION

At 1 April 2025

1,770,818

1,614,803

304,760

Charge for year

102,280

166,085

9,880

Eliminated on disposal

(56,680

)

(139,388

)

(196,231

)

At 31 March 2026

1,816,418

1,641,500

118,409

NET BOOK VALUE

At 31 March 2026

2,759,767

586,834

35,728

At 31 March 2025

2,910,278

711,583

41,057

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2025

6,495

188,336

7,548,130

Additions

-

1,371

49,591

Disposals

-

(21,924

)

(464,787

)

At 31 March 2026

6,495

167,783

7,132,934

DEPRECIATION

At 1 April 2025

6,495

182,646

3,879,522

Charge for year

-

3,977

282,222

Eliminated on disposal

-

(21,924

)

(414,223

)

At 31 March 2026

6,495

164,699

3,747,521

NET BOOK VALUE

At 31 March 2026

-

3,084

3,385,413

At 31 March 2025

-

5,690

3,668,608

5.

STOCKS

31.3.26

31.3.25

£

Stocks

182,831

154,193

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

93,052

92,742

Other debtors

422,240

115,513

515,292

208,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

248,540

303,760

Amounts owed to group undertakings

40,695

-

Taxation and social security

97,661

70,644

Other creditors

355,559

306,599

742,455

681,003

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Amounts owed to group undertakings

-

40,695

Other creditors

989,105

985,919

989,105

1,026,614

Debentures represent an unsecured obligation of the company and are redeemable at par if a debenture holder resigns their membership of the golf club.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

Within one year

224,291

208,793

Between one and five years

897,165

In more than five years

14,392,026

14,578,935

15,513,482

15,684,893

The operating lease is held in the name of the parent company, Ward Wilson Investments Limited, and rent is paid directly by the company on behalf of Ward Wilson Investments Limited.

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

157,049

199,733

Deferred

tax

£

Balance at 1 April 2025

199,733

Credit to Income Statement during year

(42,684

)

Balance at 31 March 2026

157,049

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

1

Ordinary

£1

1

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

49,999

A Ordinary

£1

12,500

12.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and directors. Amounts charged to the profit and loss account were £39,352 (2025: £34,571) for the year. At the balance sheet date there were outstanding employer contributions of £3,481 (2025: £3,040).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

Mr G R Holloway

Balance outstanding at start of year

-

Amounts advanced

1,032,754

-

Amounts repaid

(725,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

307,754

-

The directors loan account incurred interest at the HMRC rate of 3.75% and was repaid within 9 months of the year end.

14.	RELATED PARTY DISCLOSURES

Ward Wilson Investments Limited

The parent company.

Ward Wilson Investments Limited holds the lease on the premises from which the company operates. The rent payable and operating lease commitment is as included in these accounts.

The company covers the admin costs incurred by Ward Wilson Investments Limited namely accountancy fees totalling £804 (2025: £588) and bank charges £Nil (2025: £282).

31.3.26

31.3.25

£

Amount due to related party at the balance sheet date

40,695

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G R Holloway by virtue of his shareholding in Ward Wilson Investments Limited at the balance sheet date.