Company Registration No. 02129247 (England and Wales)
Open Golf And Leisure Limited
Unaudited accounts
for the year ended 31 March 2023
Open Golf And Leisure Limited
Unaudited accounts
Contents
Open Golf And Leisure Limited
Company Information
for the year ended 31 March 2023
Directors
Mr R Day
Mr M Horrocks
Company Number
02129247 (England and Wales)
Registered Office
REGENT PARK GOLF COURSE
LINKS ROAD, LOSTOCK
BOLTON
LANCASHIRE
BL6 4AF
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Open Golf And Leisure Limited
Statement of financial position
as at 31 March 2023
Tangible assets
901,115
901,115
Cash at bank and in hand
48
239
Creditors: amounts falling due within one year
(1,149,201)
(1,142,135)
Net current liabilities
(1,149,153)
(1,141,896)
Total assets less current liabilities
(248,038)
(240,781)
Creditors: amounts falling due after more than one year
(35,834)
(38,434)
Net liabilities
(283,872)
(279,215)
Called up share capital
240
240
Share premium
299,866
299,866
Profit and loss account
(583,978)
(579,321)
Shareholders' funds
(283,872)
(279,215)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2023 and were signed on its behalf by
Mr R Day
Director
Company Registration No. 02129247
Open Golf And Leisure Limited
Notes to the Accounts
for the year ended 31 March 2023
Open Golf And Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 02129247. The registered office is REGENT PARK GOLF COURSE, LINKS ROAD, LOSTOCK, BOLTON, LANCASHIRE, BL6 4AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land not depreciated
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,400
2,400
Trade creditors
7,245
11,745
Taxes and social security
1,332
5
Other creditors
424,148
410,615
Loans from directors
714,076
717,370
Open Golf And Leisure Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
22,634
22,634
7
Transactions with related parties
Current liabilities includes a balance of £424,148 (2022 £407,315) owed to Regent Park Golf Course Limited, a company under common control.
Current liabilities also includes a balance of £714,076 (2022 £717,370) owed to the director, Mr M Horrocks. This loan is repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
