The Notleys Golf Club Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07448307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE NOTLEYS GOLF CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D I Bugg

D Greaves

REGISTERED OFFICE:

Suite 3, First Floor

The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

REGISTERED NUMBER:

07448307 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Tangible assets

4

97,148

124,741

CURRENT ASSETS

Debtors

5

18,653

68,936

Cash at bank

4,128

3,370

22,781

72,306

CREDITORS

Amounts falling due within one year

6

245,829

292,211

NET CURRENT LIABILITIES

(223,048

)

(219,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(125,900

)

(95,164

)

CREDITORS

Amounts falling due after more than one year

7

31,214

65,054

NET LIABILITIES

(157,114

)

(160,218

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(157,214

)

(160,318

)

SHAREHOLDERS' FUNDS

(157,114

)

(160,218

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 10 November 2023 and were signed on its behalf by:

D I Bugg - Director

1.	STATUTORY INFORMATION

The Notleys 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.

The accounts have been prepared on the going concern basis, due to the continuing support of directors in the year following that being reported..

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 etc

-

25% on reducing balance and 20% 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

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 8 (2022 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

283,684

Additions

25,160

Disposals

(24,542

)

At 31 March 2023

284,302

DEPRECIATION

At 1 April 2022

158,943

Charge for year

29,219

Eliminated on disposal

(1,008

)

At 31 March 2023

187,154

NET BOOK VALUE

At 31 March 2023

97,148

At 31 March 2022

124,741

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

Plant and

machinery

etc

£

COST

At 1 April 2022

84,483

Disposals

(24,542

)

At 31 March 2023

59,941

DEPRECIATION

At 1 April 2022

16,141

Charge for year

11,215

Eliminated on disposal

(1,008

)

At 31 March 2023

26,348

NET BOOK VALUE

At 31 March 2023

33,593

At 31 March 2022

68,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Other debtors

18,653

68,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans and overdrafts

9,420

12,000

Hire purchase contracts

26,382

42,942

Trade creditors

4,917

645

Taxation and social security

741

3,189

Other creditors

204,369

233,435

245,829

292,211

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans

29,830

38,000

Hire purchase contracts

1,384

27,054

31,214

65,054

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/23

31/3/22

£

£

Hire purchase contracts

27,766

69,996

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the reporting date the company owed Mr D Bugg £13,326 (2022 - £7,479).