Fairbourne Golf Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03068001 (England and Wales)

Fairbourne Golf Club Limited

Unaudited Financial Statements

for the Year Ended 31 January 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S C Eves

Mr D L Mantle

Mr P A E Roberts

REGISTERED OFFICE:

Ynys Faig Farm

Fairbourne

Gwynedd

LL38 2HQ

REGISTERED NUMBER:

03068001 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

4

85,095

86,368

CURRENT ASSETS

Debtors

5

353

Cash at bank

14,699

7,732

15,052

8,085

CREDITORS

Amounts falling due within one year

6

10,077

8,317

NET CURRENT ASSETS/(LIABILITIES)

4,975

(232

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

90,070

86,136

CREDITORS

Amounts falling due after more than one
year

7

15,189

18,369

NET ASSETS

74,881

67,767

RESERVES

Revaluation reserve

8

13,595

Non-distributable reserve

25,000

Retained earnings

36,286

29,172

74,881

67,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 27 February 2023 and were signed on its behalf by:

Mr S C Eves - Director

1.	STATUTORY INFORMATION

Fairbourne 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2021

and 31 January 2022

118,086

DEPRECIATION

At 1 February 2021

31,718

Charge for year

1,273

At 31 January 2022

32,991

NET BOOK VALUE

At 31 January 2022

85,095

At 31 January 2021

86,368

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Other debtors

353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Bank loans and overdrafts

1,801

Hire purchase contracts

-

1,181

Trade creditors

1,224

1,223

Taxation and social security

1,967

-

Other creditors

5,085

4,112

10,077

8,317

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

Bank loans

15,189

18,369

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

15,189

18,369

8.

RESERVES

Revaluation

reserve

£

At 1 February 2021

and 31 January 2022

13,595

Fairbourne Golf Club Limited - Accounts to registrar (filleted) - small 22.3

Fairbourne Golf Club Limited - Accounts to registrar (filleted) - small 22.3