SOMERSET GOLF CLUB LIMITED

Company Registration Number:
06848936 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

SOMERSET GOLF CLUB LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

SOMERSET GOLF CLUB LIMITED

Balance sheet

As at 31 March 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 1,360,694 1,368,080
Total fixed assets: 1,360,694 1,368,080
Current assets
Stocks: 34,165 36,611
Debtors:   520,147 648,187
Cash at bank and in hand: 168,285 11,231
Total current assets: 722,597 696,029
Creditors: amounts falling due within one year: 4 (292,788) (274,548)
Net current assets (liabilities): 429,809 421,481
Total assets less current liabilities: 1,790,503 1,789,561
Provision for liabilities: (7,665) (7,665)
Total net assets (liabilities): 1,782,838 1,781,896
Capital and reserves
Called up share capital: 1,248,818 1,248,818
Revaluation reserve:5404,038404,038
Profit and loss account: 129,982 129,040
Shareholders funds: 1,782,838 1,781,896

The notes form part of these financial statements

SOMERSET GOLF CLUB LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2022
and signed on behalf of the board by:

Name: C J Newby-Vincent
Status: Director

The notes form part of these financial statements

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the Company, net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over the expected useful life.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stock. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 21 24

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 1,675,467
Additions 11,430
At 31 March 2022 1,686,897
Depreciation
At 01 April 2021 307,387
Charge for year 18,816
At 31 March 2022 326,203
Net book value
At 31 March 2022 1,360,694
At 31 March 2021 1,368,080

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

2022:Trade creditors £74,071Social security and other taxes £68,670Other creditors £150,047Total £292,7882021:Trade creditors £55,391Social security and other taxes £72.477Other creditors £146,880Total £274,748

SOMERSET GOLF CLUB LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Revaluation reserve

2022
£
Balance at 01 April 2021 404,038
Surplus or deficit after revaluation 0
Balance at 31 March 2022 404,038