FOUR SEASONS COUNTRY CLUB LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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

Consolidated group

Auditor

Feist Hedgethorne Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result of a solid performance throughout 2024, combined with significant cash holdings, the Club is in a healthy financial position. The financial statements have therefore been prepared on the going concern basis. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. FOUR SEASONS COUNTRY CLUB LIMITED · parent
   1. Four Seasons Country Club (Propriedades) S.U. Lda. 100% · Portugal · Provision of hotels and similar accommodation at a holiday resort.

Significant events

• “There are several risks and uncertainties that can impact the performance of the group, some of which are beyond the control of the group and its Board. These trends and risks are the focus of monthly management meetings where each departments performance is assessed versus budget, forecast and prior year results. Key performance indicators are also used to benchmark operational performance for all departments. An annual assessment of trends and risks is an integral part of each department's annual review of its strategic plan and budget, which are submitted to the Board for consideration and approval. A combination of all of this, in what is a bottom up and top-down approach, enables the Board to determine and assess the companies risk environment.”
• “The group holds a significant volume of confidential data. Failure to comply with data privacy regulations and standards (GDPR) or weakness in internet security may result in a major data privacy breach causing reputational damage to the group's brand and financial loss.”
• “To ensure that the Group has the resources to finance the replacement and refurbishment of the Club's assets in the future, the Board aims to set aside 12.5% of annual membership fees in a Sinking Fund. This approach has worked very well over the life of the Club. Most notably, we were able to finance a significant refurbishment of the villas between 2014 and 2020 without needing to borrow or seek other sources of finance. At each regular meeting the Board reviews a long-term plan that seeks to balance the investment required to maintain the Club's assets with the projected resources available to finance the expenditure which currently amounts to over €6m over the next ten years.”
• “We are investing around €2m in a project which involved the construction of a first-floor extension to our existing mini-market building to accommodate administrative staff. These staff were previously located in a separate building that has been demolished to create space for the construction of a new year-round heated outdoor swimming pool and changing rooms. The project also includes the replacement of our accessible villa to comply with modern Health & Safety standards and is being financed from existing cash resources.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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