REGISTERED NUMBER: 00210169 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stanmore Links Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Donelan

A N Hirani

K Khushal

V Pankhania

D Varsani

Ms S Lachhani

S Mistry

N D Shah

SECRETARY:

J Reynolds

REGISTERED OFFICE:

The Club House,

29 Gordon Avenue

Stanmore

Middlesex

HA7 2RL

REGISTERED NUMBER:

00210169 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

FIXED ASSETS

Tangible assets

4

1,188,878

1,233,591

Investments

5

1

1

1,188,879

1,233,592

CURRENT ASSETS

Stocks

26,414

19,062

Debtors

6

104,089

144,372

Cash at bank and in hand

397,728

312,881

528,231

476,315

CREDITORS

Amounts falling due within one year

7

752,761

653,016

NET CURRENT LIABILITIES

(224,530

)

(176,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

964,349

1,056,891

CREDITORS

Amounts falling due after more than one year

8

223,400

275,312

NET ASSETS

740,949

781,579

CAPITAL AND RESERVES

Called up share capital

163

163

Revaluation reserve

10

558,744

558,744

Retained earnings

182,042

222,672

740,949

781,579

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

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

V Pankhania - Director

1.	STATUTORY INFORMATION

Stanmore Links 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. Income and expenditure of the company are apportioned as follows:

Stamore links limited - 81%

Stanmore golf & banqueting limited - 19%

Revenue

Subscription revenue is recognised in the period to which the subscription relates.

Entrance fees are recognised in the period in when they are paid or due.

Revenue in respect of the sale of other services, including green fees, events, buggy hire and locker rental are recognised in the period in which the services are provided.

Revenue in respect of the sale of goods, including bar sales are recognised on the date the sale of the goods takes place.

All revenue is recognised net of output VAT and discounts.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Clubhouse improvements 10% straight line

Plant and machinery 15% straight line

Fixtures and fittings 10% straight line

Computer equipment 25% straight line

Irrigation system 5% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date.

Fair values are determined from market based evidence normally undertaken by the board of the directors. The board of the directors are qualified to do so.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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

Operating Leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity, Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.

As at the balance sheet date, the Company reported net current liabilities of £224,530 (2024: £176,701). The directors do not consider this position to be indicative of any fundamental issues with the Company’s long-term financial viability. They remain confident in the Company’s ability to generate future profits and to continue trading successfully.

The directors are of the opinion that the Company is well positioned to manage its operations effectively and has access to sufficient resources to enable it to continue trading through and beyond any ongoing external challenges.

After reviewing the Company’s funding requirements, forecasts, and cash flow projections, the directors have a reasonable expectation that the Company has adequate resources to meet its obligations as they fall due. Accordingly, they consider the going concern basis to be appropriate for the preparation of these financial statements.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Non-Member Income and Expenditure

Income and expenditure relating to non-members is accounted for through the Club's subsidiary, Stanmore Golf & Banqueting Limited.

* Bar Income

Non-member bar income is calculated as the total bar income for the year less amounts received through member swipe cards.

* Green Fee Income

Non-member green fee income is determined as the portion of total green fee income arising from full green fee rates, excluding discounted members' guest rates.

* Social Event Income

Non-member social event income is estimated based on room hire income generated from external (non-member) functions.

* Other Income

Other income attributable to non-members is estimated by deducting competition income, junior section income, standing order surcharges, and buggy rental from the total other income.

* Expenditure Allocation

Expenditure associated with each category of non-member income is apportioned on the basis of the proportion that non-member income represents of the total income for each directly attributable cost category.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

867,790

1,383,853

2,251,643

Additions

-

69,344

69,344

Disposals

-

(35,000

)

(35,000

)

At 31 March 2025

867,790

1,418,197

2,285,987

DEPRECIATION

At 1 April 2024

101,812

916,240

1,018,052

Charge for year

27,816

86,241

114,057

Eliminated on disposal

-

(35,000

)

(35,000

)

At 31 March 2025

129,628

967,481

1,097,109

NET BOOK VALUE

At 31 March 2025

738,162

450,716

1,188,878

At 31 March 2024

765,978

467,613

1,233,591

Additions to land and buidings are an improvement and enhancement to kitchen premises.

Fair values for the freehold and lease hold properties are determined by the market based evidence undertaken by the board of the directors. The board of the directors are qualified to do so.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,025

6,140

Other debtors

96,064

138,232

104,089

144,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

82,143

82,143

Finance leases

58,584

60,225

Trade creditors

38,362

47,313

Amounts owed to participating interests

1

1

Taxation and social security

8,024

11,227

Other creditors

565,647

452,107

752,761

653,016

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

107,358

188,732

Finance leases

81,876

86,580

Other creditors

34,166

-

223,400

275,312

9.	FINANCIAL INSTRUMENTS

Financial assets

2025

2024

Financial assets measured at fair value through profit or loss

397,728

312,881

Financial assets measured at fair value through profit or loss comprise cash and cash equivalents.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

558,744

11.	COMMITMENTS UNDER OPERATING LEASES

At 31 March 2025 the Company had future minimum lease payments due under non cancellable operating leases for each of the following periods:

2025

2024

Not later than 1 year

60,000

60,000

Later than 1 year and not later than 5 years

240,000

240,000

Later than 5 years

1,140,000

1,200,000

1,440,000

1,500,000

Rent is payable to the London Borough of Harrow and is calculated as 20% of the turnover for the prior accounting period. The minimum annual rent is £60,000 so the minimum commitment for the remainder of the lease due in more than 1 year has been disclosed as such.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.