WBGC Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09493826 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

WBGC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

7

Independent Chartered Certified Accountants' Review Report

8

DIRECTORS:

R J Bashford

P J Field

B S Herbert

Mrs L J Portlock

S J Wilmshurst

R J Birmingham

F M Mcclymont

SECRETARY:

K Mullen

REGISTERED OFFICE:

Clubhouse

Sheerwater Road

West Byfleet

Surrey

KT14 6AA

REGISTERED NUMBER:

09493826 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

927,175

907,930

Investments

5

845

845

928,020

908,775

CURRENT ASSETS

Stocks

7,346

14,095

Debtors

6

142,934

118,980

Cash at bank and in hand

474,093

484,151

624,373

617,226

CREDITORS

Amounts falling due within one year

7

384,284

357,451

NET CURRENT ASSETS

240,089

259,775

TOTAL ASSETS LESS CURRENT LIABILITIES

1,168,109

1,168,550

CREDITORS

Amounts falling due after more than one year

8

119,343

164,513

NET ASSETS

1,048,766

1,004,037

RESERVES

Income and expenditure account

1,048,766

1,004,037

1,048,766

1,004,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 May 2019 and were signed on its behalf by:

R J Birmingham - Director

1.	STATUTORY INFORMATION

WBGC Limited 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.

Improvements to property

-

5% on cost

Plant and machinery

-

20% on cost, 10% on cost, 5% on cost and 2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

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.

Hire purchase /leasing.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

123,441

1,123,768

2,800

19,427

1,269,436

Additions

-

81,799

12,450

-

94,249

Disposals

(1,551

)

(735

)

-

(12,431

)

(14,717

)

At 31 December 2018

121,890

1,204,832

15,250

6,996

1,348,968

DEPRECIATION

At 1 January 2018

97,047

247,168

1,680

15,611

361,506

Charge for year

6,089

64,425

2,158

2,331

75,003

Eliminated on disposal

(1,551

)

(735

)

-

(12,430

)

(14,716

)

At 31 December 2018

101,585

310,858

3,838

5,512

421,793

NET BOOK VALUE

At 31 December 2018

20,305

893,974

11,412

1,484

927,175

At 31 December 2017

26,394

876,600

1,120

3,816

907,930

5.	FIXED ASSET INVESTMENTS

WBGC Limited acquired shares in West Byfleet Golf Club Limited upon the transfer of the net assets from West Byfleet

Golf Club (an unincorporated association) on 1st January 2017. West Byfleet Golf Club Limited is a dormant company but

it owns the freehold land that this company occupies under a grant of use.

WBGC Limited owns 382 25p Members' Shares and 169 £1 Proprietors' Shares in West Byfleet Golf Club Limited. There

are 382 Members' Shares and 258 Proprietors' shares in issue.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

113,866

96,385

Other debtors

29,068

22,595

142,934

118,980

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

38,436

44,138

Trade creditors

285,721

246,134

Taxation and social security

16,530

15,996

Other creditors

43,597

51,183

384,284

357,451

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

41,923

80,403

Other creditors

77,420

84,110

119,343

164,513

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Members' loans

77,420

84,110

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2018 and of its surplus for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

R J Birmingham - Director

20 May 2019

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of WBGC Limited for the year ended 31 December 2018, which comprise the Profit and Loss, Balance Sheet and the related notes 1 to 9. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the

preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in

accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical

financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on historical financial

statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed

additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of

management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The

procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International

Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31 December 2018 and of its surplus for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

Date: .............................................