ULLESTHORPE COURT HOTEL AND GOLF CLUB LIMITED

• ⚠

  Material uncertainty over going concern

  We have concluded that the going concern basis is appropriate, but following breach of the financial covenants, attached to the bank loan at 31 August 2024 and subsequently to the date of this report, a material uncertainty exists, due to the bank having the right to withdraw the facility.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

Somerbys Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We have concluded that the going concern basis is appropriate, but following breach of the financial covenants, attached to the bank loan at 31 August 2024 and subsequently to the date of this report, a material uncertainty exists, due to the bank having the right to withdraw the facility.”

Significant events

• “In a separate but complimentary enterprise the adjacent practice golf facility is now open with the short course opening in summer 2025 and driving range is on track to open during April 2026.”
• “Should extra working capital be required, plans to redevelop the under-utilised tennis court area have legal approval.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +3.2%

  £3,441,096 → £3,552,007

• Cash

  -4.8%

  £152,134 → £144,788

• Net assets

  -4%

  £3,563,259 → £3,420,411

• Employees

  -3.6%

  84 → 81

• Operating profit

  -121.2%

  £161,257 → -£34,242

• Profit before tax

  -233.6%

  £106,909 → -£142,848

• Wages

  +8.5%

  £1,414,193 → £1,533,887

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers