The North Worcestershire Golf Club Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 00115951 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2023

for

The North Worcestershire Golf Club Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Williams

R M Griffin

D C Nash

R E Adams

B McKeever

M O'Dowd

D C Thompson

SECRETARY:

D R Williams

REGISTERED OFFICE:

Neville House

Steelpark Road

Halesowen

West Midlands

B62 8HD

REGISTERED NUMBER:

00115951 (England and Wales)

CURRENT ASSETS

Debtors

4

4,800,294

10,814,831

Cash at bank and in hand

71,638

113,247

4,871,932

10,928,078

CREDITORS

Amounts falling due within one year

5

2,591

3,556

NET CURRENT ASSETS

4,869,341

10,924,522

TOTAL ASSETS LESS CURRENT LIABILITIES

4,869,341

10,924,522

CAPITAL AND RESERVES

Called up share capital

6

387

387

Retained earnings

4,868,954

10,924,135

SHAREHOLDERS' FUNDS

4,869,341

10,924,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th March 2024 and were signed on its behalf by:

D C Nash - Director

R E Adams - Director

1.	STATUTORY INFORMATION

The North Worcestershire Golf Club Ltd 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.

Going concern

The financial statements have not been prepared on a going concern basis, because the company ceased to operate as a golf club in May 2016, and auctioned off all of its golf equipment and other movable assets during that year.

Housing Development plans were approved following appeal on 24th July 2019 and the land and property sold on 2nd March 2021.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit & loss account in administrative expenses.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, It is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Other debtors

4,800,294

6,014,831

Amounts falling due after more than one year:

Other debtors

-

4,800,000

Aggregate amounts

4,800,294

10,814,831

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,913

258

Taxation and social security

126

2,716

Other creditors

552

582

2,591

3,556

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

3,870

Ordinary Shares

10p

387

387