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REGISTERED NUMBER: 00960485 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BRAINTREE GOLF CLUB LIMITED

BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAINTREE GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs J L Boulton
Miss D Blundell
J W Clark
R Young
P Maleary
D Anthony
J O'Connor





REGISTERED OFFICE: Kings Lane
Stisted
Braintree
Essex
CM77 8DD





REGISTERED NUMBER: 00960485 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 939,753 1,020,682

CURRENT ASSETS
Debtors 5 44,390 14,129
Cash at bank 1,047,528 376,725
1,091,918 390,854
CREDITORS
Amounts falling due within one year 6 306,012 416,533
NET CURRENT ASSETS/(LIABILITIES) 785,906 (25,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,725,659 995,003

CREDITORS
Amounts falling due after more than one year 7 - (50,000 )

PROVISIONS FOR LIABILITIES (101,246 ) -
NET ASSETS 1,624,413 945,003

RESERVES
Club section reserves 29,948 19,711
Cyclical maintenance reserves 5,900 5,900
Income and expenditure account 1,588,565 919,392
1,624,413 945,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)

BALANCE SHEET - continued
31 DECEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





J O'Connor - Director


BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Braintree Golf Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Recognition of income
All income is credited to the financial statements on the basis of the amount due and receivable within the year.

Tangible fixed assets
Tangible fixed assets are capitalised and included at cost including where applicable irrecoverable Value Added Tax.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over the shorter of their expected useful economic lives and the term of the lease as follows:

Freehold Land- Nil
Freehold Buildings:
Clubhouse Buildings- over 50 years
Greenkeepers Buildings - over 20 years
Fairway Renovation- over 10 years
Machinery and Equipment:
Course Irrigation System- over 20 years
Other Machinery and Equipment- between 5 and 10 years
Furniture and Office Equipment - between 3 and 5 years

Value added tax
The club is partially exempt for value added tax purposes. Income and expenditure are stated net of value added tax. Irrecoverable value added tax on revenue expenditure is shown as a separate item in the Profit and Loss Account. Irrecoverable value added tax on capital expenditure has been added to the cost of the relevant asset and capitalised.

Taxation
The company is liable to Corporation Tax on interest receivable, rental income, other investment income and capital gains but is able to claim some relief from this as it holds Community Amateur Sports Club status. Full provision has been made in the financial statements based on the company's expected taxation liability on this income.

Income derived from transactions with members is not liable to taxation in accordance with the mutuality principal.

Net income derived from non members in respect of green fees, bar and catering income etc is liable to taxation. Following negotiations with HM Revenue and Customs concerning the quantum of liability, it has been agreed that such net income will be dealt with on a nil profits/nil losses basis and that this treatment will continue in the future provided there are no significant changes in the company's dealings with non members.

Charity funds
The club administers the receipts and payments on behalf of the Captain's charity and the Ladies' charity. These charity funds are not part of the club funds and are therefore not disclosed within the club's profit and loss account. Amounts held on behalf of the charities at the year end are included within accruals and deferred income.

BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Machinery and
Freehold and office
property equipment equipment Totals
£    £    £    £   
COST
At 1 January 2021 1,183,081 636,238 173,939 1,993,258
Additions - 3,222 10,390 13,612
Disposals - (66,595 ) (713 ) (67,308 )
At 31 December 2021 1,183,081 572,865 183,616 1,939,562
DEPRECIATION
At 1 January 2021 363,305 466,798 142,473 972,576
Charge for year 32,128 39,605 22,808 94,541
Eliminated on disposal - (66,595 ) (713 ) (67,308 )
At 31 December 2021 395,433 439,808 164,568 999,809
NET BOOK VALUE
At 31 December 2021 787,648 133,057 19,048 939,753
At 31 December 2020 819,776 169,440 31,466 1,020,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 2,605 4,465
Other debtors 41,785 9,664
44,390 14,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 19,985
Taxation and social security - 1,836
Other creditors 306,012 394,712
306,012 416,533

BRAINTREE GOLF CLUB LIMITED (REGISTERED NUMBER: 00960485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 50,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank Loans - 19,985

The bank loan and overdraft are secured by a legal charge over the freehold land and property of the Club.