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REGISTERED NUMBER: 12475798 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HENDON GOLF CLUB LTD

HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HENDON GOLF CLUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M I Macleod
M S Bayford
A H D Hoffbrand
R G Jack
L D Nicoll
R P Varley
N J Brown





SECRETARY: J R G Titmas





REGISTERED OFFICE: Ashley Walk
Devonshire Road
London
NW7 1DG





REGISTERED NUMBER: 12475798 (England and Wales)





AUDITORS: Collards
Chartered Accountants
Registered Auditors
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,252 227,847

CURRENT ASSETS
Stocks 13,333 19,323
Debtors 5 19,434 83,144
Cash at bank 474,534 628,879
507,301 731,346
CREDITORS
Amounts falling due within one year 6 507,679 525,431
NET CURRENT (LIABILITIES)/ASSETS (378 ) 205,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,874

433,762

CREDITORS
Amounts falling due after more than one
year

7

-

266
NET ASSETS 322,874 433,496

RESERVES
Other reserves 197,369 197,369
Income and expenditure account 125,505 236,127
322,874 433,496

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 27 September 2023 and were signed on its behalf by:





M I Macleod - Director


HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Hendon Golf Club Ltd 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.

Significant judgements and estimates
The preparation of the financial statements requires the company to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Tangible fixed assets represents a significant element of the balance sheet. Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values may vary depending on a number of factors.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed

Subscription income is recognised evenly over the membership period with any amounts received in the current financial year that related to the following financial year treated as deferred income.

Revenue grants are recognised using the accrual model and are therefore recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Revenue grants are measured at fair value, being the amount of cash receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost and 10% on cost
Plant and machinery - 20% on cost and 15% on cost
Fixtures and fittings - 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it is excluded under the mutual trading rules for members clubs.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Finance lease and easing commitments
Plant and equipment acquired under finance leases contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 62,130 104,960 107,692 274,782
Additions 97,304 7,360 45,907 150,571
At 31 March 2023 159,434 112,320 153,599 425,353
DEPRECIATION
At 1 April 2022 2,157 19,985 24,793 46,935
Charge for year 10,768 24,725 19,673 55,166
At 31 March 2023 12,925 44,710 44,466 102,101
NET BOOK VALUE
At 31 March 2023 146,509 67,610 109,133 323,252
At 31 March 2022 59,973 84,975 82,899 227,847

HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,500 9,233
Other debtors 16,934 73,911
19,434 83,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases (see note 8) - 6,896
Trade creditors 50,819 40,314
Taxation and social security 29,655 21,594
Other creditors 427,205 456,627
507,679 525,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases (see note 8) - 266

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year - 6,896
Between one and five years - 266
- 7,162

Non-cancellable operating leases
2023 2022
£    £   
Between one and five years 52,199 101,192
In more than five years 615,000 620,000
667,199 721,192

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Charles Addison (Senior Statutory Auditor)
for and on behalf of Collards

HENDON GOLF CLUB LTD (REGISTERED NUMBER: 12475798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. RELATED PARTY DISCLOSURES

During the year the company charged Hendon Golf Club 1903 Ltd £3,839 (2022: £1,498) for management fees and was charged £5,000 (2022:£5,000) for rent.