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REGISTERED NUMBER: 00178026 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Bexley Heath Golf Club, Limited

Bexley Heath Golf Club, Limited (Registered number: 00178026)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Statement of Directors' Responsibilities 9

Independent Chartered Accountants' Review
Report

10


Bexley Heath Golf Club, Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: A Cooper
M Prockter
J Hubbard
E Bilsborough
R W Bishop





REGISTERED OFFICE: The Club House
Mount Drive
Bexleyheath
Kent
DA6 8JS





REGISTERED NUMBER: 00178026 (England and Wales)





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,350 9,188
Investment property 5 940,000 940,000
947,350 949,188

CURRENT ASSETS
Debtors 6 2,308 903
Investments 7 1,650 1,650
Cash at bank 39,032 15,838
42,990 18,391
CREDITORS
Amounts falling due within one year 8 33,524 26,128
NET CURRENT ASSETS/(LIABILITIES) 9,466 (7,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,816

941,451

PROVISIONS FOR LIABILITIES 9 176,221 176,570
NET ASSETS 780,595 764,881

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3,750 3,750
Revaluation reserve 10 745,302 745,302
Retained earnings 10 31,543 15,829
SHAREHOLDERS' FUNDS 780,595 764,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 profit or loss 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





M Prockter - Director


Bexley Heath Golf Club, Limited (Registered number: 00178026)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.


Bexley Heath Golf Club, Limited (Registered number: 00178026)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 25,799
DEPRECIATION
At 1 January 2022 16,611
Charge for year 1,838
At 31 December 2022 18,449
NET BOOK VALUE
At 31 December 2022 7,350
At 31 December 2021 9,188

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 940,000
NET BOOK VALUE
At 31 December 2022 940,000
At 31 December 2021 940,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2000 230,126
Valuation in 2016 590,000
Valuation in 2021 100,000
Cost 19,874
940,000

If the Freehold Properties had not been revalued it would have been included at the following historical cost:

31.12.22 31.12.21
£    £   
Cost 19,874 19,874

The Freehold Properties were valued on a market value basis on 31 December 2021 by The Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 33
Other debtors 2,308 870
2,308 903

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CURRENT ASSET INVESTMENTS

All adult playing members of Bexleyheath Golf Club are expected to acquire a share in the company at par. On cessation of membership such shareholding(s) will usually become null and void, cancelled by the Company Secretary and reimbursed at par. At the year end 330 shares were unallocated with a nominal value of £1650.00 representing 55% of the Ordinary share capital of the company. [Please note that a Creditor item has been recorded representing 162 shares (£810.00) to meet any claims for forfeited shares.]

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.22 31.12.21
£    £   
Taxation and social security 4,035 885
Other creditors 29,489 25,243
33,524 26,128

9. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax
Accelerated capital allowances 1,397 1,746
Deferred tax on revaluation 174,824 174,824
176,221 176,570

Deferred
tax
£   
Balance at 1 January 2022 176,570
Credit to Statement of Income and Retained Earnings during
year

(349

)
Balance at 31 December 2022 176,221

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2022 15,829 745,302 761,131
Profit for the year 15,714 15,714
At 31 December 2022 31,543 745,302 776,845

Please note the reserves shown as Revaluation Reserves on the Investment Properties are non-distributable reserves.

Bexley Heath Golf Club, Limited (Registered number: 00178026)

Statement of Directors' Responsibilities
for the Year Ended 31 December 2022


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


ON BEHALF OF THE BOARD:





M Prockter - Director

30 September 2023

Independent Chartered Accountants' Review Report to the Directors of
Bexley Heath Golf Club, Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Bexley Heath Golf Club, Limited for the year ended 31 December 2022, which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements
As explained more fully in the Statement of Directors' Responsibilities set out on page twelve, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility
Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

- so as to give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its profit for the year then ended;
- in accordance with United Kingdom Generally Accepted Accounting Practice; and
- in accordance with the requirements of the Companies Act 2006.

Independent Chartered Accountants' Review Report to the Directors of
Bexley Heath Golf Club, Limited


Use of our report
This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 1 June 2015. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.




SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU


30 September 2023