REGISTERED NUMBER: 01378177 (England and Wales)

GREENMEADOW GOLF AND COUNTRY CLUB

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N King

C A Richardson

SECRETARY:

C A Richardson

REGISTERED OFFICE:

Greenmeadow Golf & Country Club Ltd

Treherbert Road

Croesyceiliog

Cwmbran

Torfaen

NP44 2BZ

REGISTERED NUMBER:

01378177 (England and Wales)

ACCOUNTANTS:

Green & Co

Accountants and Tax Advisors

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

2,061,636

2,062,826

CURRENT ASSETS

Stocks

21,530

7,525

Debtors

5

55,083

53,734

Investments

6

89,392

81,705

Cash at bank and in hand

363,031

146,396

529,036

289,360

CREDITORS

Amounts falling due within one year

7

593,790

469,826

NET CURRENT LIABILITIES

(64,754

)

(180,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,996,882

1,882,360

CREDITORS

Amounts falling due after more than one year

8

(452,366

)

(532,913

)

PROVISIONS FOR LIABILITIES

(64,538

)

(101,628

)

NET ASSETS

1,479,978

1,247,819

CAPITAL AND RESERVES

Called up share capital

10

191,000

191,000

Revaluation reserve

11

282,809

282,809

Retained earnings

1,006,169

774,010

SHAREHOLDERS' FUNDS

1,479,978

1,247,819

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29th September 2026 and were signed on its behalf by:

C A Richardson - Director

1.	STATUTORY INFORMATION

Greenmeadow Golf And Country 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, modified to include the revaluation of freehold properties and to include certain financial instruments at fair value.

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.

Plant and machinery

-

15% 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 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 35 (2025 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st April 2025

1,800,000

649,228

2,449,228

Additions

3,483

91,433

94,916

Disposals

-

(127,307

)

(127,307

)

At 31st March 2026

1,803,483

613,354

2,416,837

DEPRECIATION

At 1st April 2025

-

386,402

386,402

Charge for year

-

80,950

80,950

Eliminated on disposal

-

(112,151

)

(112,151

)

At 31st March 2026

-

355,201

355,201

NET BOOK VALUE

At 31st March 2026

1,803,483

258,153

2,061,636

At 31st March 2025

1,800,000

262,826

2,062,826

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

Plant and

machinery

£

COST

At 1st April 2025

44,500

Transfer to ownership

(44,500

)

At 31st March 2026

-

DEPRECIATION

At 1st April 2025

13,350

Charge for year

4,673

Transfer to ownership

(18,023

)

At 31st March 2026

-

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

31,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

15,465

10,090

Other debtors

251

-

Prepayments

39,367

43,644

55,083

53,734

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Investments

89,392

81,705

Investments are valued at their fair value with any change in fair value recognised in the profit and loss account.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

72,038

71,437

Hire purchase contracts

-

13,562

Trade creditors

284,705

171,079

Tax

66,878

36,747

Social security and other taxes

13,298

12,442

VAT

27,354

53,443

Other creditors

21,848

17,645

Directors' current accounts

1,573

1,573

Accrued expenses

106,096

91,898

593,790

469,826

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

72,879

69,435

Bank loans - 2-5 years

241,049

241,419

Bank loans more 5 yr by instal

138,438

222,059

452,366

532,913

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

138,438

222,059

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

524,404

-

The bank loan is secured by way of fixed and floating charges over the Company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000

Ordinary

£1

1,000

1,000

190,000

Non Voting Ordinary

£1

190,000

190,000

191,000

191,000

11.

RESERVES

Revaluation

reserve

£

At 1st April 2025

and 31st March 2026

282,809