ACCOUNTS - Final Accounts

MWGC LEISURE LIMITED - Company Information

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Registered number: 04833333

MWGC LEISURE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

MWGC LEISURE LIMITED

CONTENTS

	Page
Company information	1
Balance sheet	2
Notes to the financial statements	3 - 4

MWGC LEISURE LIMITED

COMPANY INFORMATION

Directors	C Marshall
	G Thomas
	Crown Golf Group Limited
	D Bence
	M Rollinson


Registered number	04833333


Registered office	Pine Ridge Golf Club
	Old Bisley Road
	Frimley
	Camberley
	Surrey
	GU16 9NX


Independent auditor	Blick Rothenberg Audit LLP
	Chartered Accountants & Statutory Auditor
	16 Great Queen Street
	Covent Garden
	London
	WC2B 5AH

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REGISTERED NUMBER:04833333

MWGC LEISURE LIMITED

BALANCE SHEET

AS AT 30 JUNE 2021

	2021	2020
Note	£	£

Fixed assets
Investments	4	-	1,800,000


Net assets		-	1,800,000

Capital and reserves
Called up share capital	5	2	2
Profit and loss account		(2)	1,799,998
Total equity		-	1,800,000

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and signed on its behalf by:

D Bence

Director

Date: 18 May 2022

The notes on pages 3 to 4 form part of these financial statements.

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MWGC LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

1.	General information

MWGC Leisure Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is Pine Ridge Golf Club, Old Bisley Road, Frimley, Camberley, Surrey, GU16 9NX.
The financial statements are presented in Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company was, at the end of the year, a wholly-owned subsidiary of Crown Golf Group Limited, whose registered office is Pine Ridge Golf Club, Old Bisley Road, Frimley, Camberley, Surrey, GU16 9NX. Crown Golf Group Limited prepares consolidated financial statements, in which the company is included, that are equivalent to UK requirements. In accordance with the exemption given in Section 401 of the Companies Act 2006, the company is not required to produce, and has not published, consolidated accounts.

2.3

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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MWGC LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

4.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 1 July 2020	1,800,000
	Impairment	(1,800,000)
	At 30 June 2021	-

5.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

2 (2020 - 2) Ordinary shares of £1 each	2	2

6.	Parent company

The smallest group for which consolidated financial statements are drawn up is headed by Crown Golf Group Limited whose registered office Crown Golf Group Limited is Pine Ridge Golf Club, Old Bisley Road, Frimley, Camberley, Surrey, GU16 9NX.

7.	Auditor's information

The auditor's report on the financial statements for the year ended 30 June 2021 was unqualified.

The audit report was signed on 19 May 2022 by Heather Powell (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.

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