FORMBY HALL GOLF CLUB LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. FORMBY HALL GOLF CLUB LIMITED 2015-11-13 → present
2. FORMBY HALL GOLF CLUB PLC 1994-05-19 → 2015-11-13

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the directors of Formby Hall Golf Club Limited have made an assessment of the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. As at the reporting date, the Company has net liabilities of £2,769,181. This position is primarily driven by an intercompany creditor owed to Formby Invest Limited of £13,689,435 and a decrease in the fair value of the freehold property of £7,294,474. Subsequent to the year end, a portion of this intercompany balance has been formally waived. In addition, the directors have received written confirmation from Formby Invest Limited that it will not demand repayment of the outstanding loan within 12 months from the date of approval of these financial statements. In making their assessment, the directors have considered the Company's current trading performance, financial forecasts, cash flow projections, and funding arrangements, together with the continued financial support of Formby Invest Limited. Based on this review, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis, and the directors consider that there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “On 14 February 2025 amounts recognised within amounts owed to group undertakings were partially waived by the immediate parent undertaking, Formby Invest Limited. The balance as at 31 December 2024 of £13,689,435 was reduced to £10,212,499 on this date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.7%

  £7,679,446 → £8,041,306

  highest in 3 filed years

• Cash

  -2%

  £410,710 → £402,310

  lowest in 3 filed years

• Net assets

  -231.5%

  £2,105,521 → -£2,768,944

  lowest in 3 filed years

• Employees

  -18.9%

  201 → 163

  lowest in 3 filed years

• Operating profit

  -1,861.4%

  -£141,255 → -£2,770,511

  lowest in 3 filed years

• Profit before tax

  -182.3%

  -£1,079,997 → -£3,049,000

  lowest in 3 filed years

• Wages

  +6.8%

  £3,050,745 → £3,257,257

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers